Production of musk aroma chemicals and rising consumption in personal care and detergents is driving musk aroma chemicals market growth
Musk Aroma Chemicals are a kind of aroma chemicals which can be obtained either naturally or synthetically. Natural Musk Aroma Chemicals are obtained from plants and animals which include seeds and roots. Natural musk extracts of animal origin are obtained from rump gland of the male musk deer, civet cat, and Louisiana musk rat. They find wide utilization scope in various application such as household products, soap & detergent, cosmetics & personal care, food, and others.
Asia Pacific is expected to witness a robust growth due to rising consumption of bleaching and cleaning agent in laundry and household sector. Countries such as Japan, Thailand, Malaysia, India, China, and South Korea are among the major contributors in the regional growth of the market and is predicted to grow with a healthy CAGR on account of expansion of numerous end use industries. The Middle Eastern & African countries such as United Arab Emirates (UAE), Saudi Arabia, Kuwait, Israel, Qatar, and Turkey are the key contributors in the regional market growth on account of increasing tourism activities which in turn propel the demand for soaps & detergents and thus drive the growth of the market.
PFW Aroma Ingredients
Sigma-Aldrich Co. LLC
The Good Scents Company
Guangzhou Flower Flavours & Fragrances Co
A.M. Aromatics Private Limited
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Current Market Scenario:-
Based on geography, the global musk aroma chemicals market is categorized into five regions namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among the aforementioned regions, Europe accounted for around 33% market share in 2016 and continues to holds the largest market share. European musk aroma chemicals market is classified into Italy, France, Germany, UK, Spain, and others. Germany and UK hold the largest market share and are predicted to retain their dominance due to large investments in R&D and increasing usage of branded personal care products. Moreover, rising popularity of customized & celebrity perfumes have positively influenced demand in the upcoming years. Furthermore, the market in Spain, Italy, France, and Russia are predicted to register steady CAGR on account of increasing laundry business, rising healthcare sector, and improved living standard.
As per our analysis, some of the prominent market factors and trends identified in the Global Musk Aroma Chemicals are increasing awareness, increasing number of working professionals, and growing middle class population. Moreover, the increasing importance of grooming among adults as well as teenagers is predicted to fuel the growth of the market. New product innovation and rising popularity of various types of celebrity fragrances and cosmetic items are expected to propel the demand for Musk Aroma Chemicals in upcoming years. Furthermore, increasing usage of Musk Aroma Chemicals in the production of cosmetics & personal care products coupled with rising demand for personal care products is estimated to boost the growth of the market. Additionally, growing demand for musky fragrances in detergents and soaps which is in turn fuelled by the increasing laundry business is expected to give a new momentum to the demand for musk aroma chemicals. Rapid expansion of end use industries in developed and developing economies are estimated to positively influence the demand patterns. However, stringent rule regarding killing of animals as well as high cost associated with the production of natural Musk Aroma Chemicals are predicted to hamper the growth of the market over the assessment period, 2017 to 2023.
The global musk aroma chemical market is categorized into source, application, and regions. Based on source, the market is bifurcated into natural and synthetic. Naturally musk aroma chemicals are derived from plants and animals. Muscone and civetone are the types of natural musk, whereas synthetic musk are known as white musks and are extensively used across the globe. Synthetic musk can be further classified as nitro musk, cylic ethers, polycyclic, alicyclic, and aliphatic. Among the source, synthetic segment accounted for the largest market share in terms of volume and value in 2016 and will continue its dominance over the assessment period, 2017 to 2023. The demand for the natural segment is expected to hamper due to stringent regulations on animal killing as well as strict quality standards.
Based on application, the market is segmented into soap & detergent, cosmetics & personal care, food, household products, and others. Others segment comprises of pharmaceutical, candles, and toiletries. Among these, cosmetic & personal care accounted for around 35% of the overall market share and is expected to retain its dominance due to wide utilization of beauty care products across the globe. Moreover, expansion of soap & detergent industry due to wide utilization of detergent in household as well as public laundry is predicted to propel the growth of the market.
- Musk aroma chemicals manufacturers
- Traders and Distributors of musk aroma chemicals
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
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Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Musk Aroma Chemicals Market
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