Musk Aroma Chemicals Market Growth | Share, Forecast, Trend Analysis, Demanding Report& Competition Tracking
Musk aroma chemicals Market – Market Overview
Aroma chemicals are compounds that are extensively used for the blending of fragrance to various end use products. Musk are a type of aromatic substances extensively used as a base product in the perfume industry. Musk can be found naturally in animals such as musk deer and in various plants namely ambrette seeds and angelica root. Musk aroma chemicals are widely used as flavoring agents and has various other applications such as cosmetics and personal care, food and beverages, soaps and detergents and other household products. Amongst the type of musk aroma chemicals, synthetic musk also know as the white musk has wider application than the natural musk owing the stringent laws and regulation regarding the killing of animals.
According to the analysis of MRFR, the major market forces and trends driving growth of the global Musk Aroma Chemicals Market Growth includes growing demand for cosmetic and homecare products. Moreover, the increasing development and personal disposable income coupled with the increasing consumer preference are other factors contributing to the market growth. In addition, the increase in the smart phone penetration along with the growth of the retail sector especially the online sector in the developing economies has surged the demand for home care and cosmetic products which in turn is expected to fuel the demand for musk aroma chemicals.
Key Players:
The major players operating in the Global Musk Aroma Chemicals Market growth are PFW Aroma Ingredients (the Netherlands), Sigma-Aldrich Co. LLC. (U.S.), The Good Scents Company (U.S.), Bell Flavors & Fragrances (U.S.), International Flavors & Fragrances (U.S.), Givaudan (Switzerland), Firmenich (Switzerland), Takasago (Japan), Guangzhou Flower Flavours & Fragrances Co., Ltd. (China), A.M. Aromatics Private Limited. (India), BASF among others are some of the prominent players at the forefront of competition in the global Musk aroma chemicals Market and are profiled in MRFR Analysis.
Musk aroma chemicals Market- Competitive Landscape
The global Musk aroma chemicals Market is a highly lucrative market driven by flourishing demand for cosmetics, healthcare products along with the increasing use in the food industry. PFW Aroma Ingredients (the Netherlands), Sigma-Aldrich Co. LLC. (U.S.), The Good Scents Company (U.S.), Bell Flavors & Fragrances (U.S.) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion and product launch tactics to strengthen their production capacities and market position. Taking account of these trends, the global Musk aroma chemicals Market is projected to witness considerable competition over the forecast period of 2017-2023.
Asia pacific is expected to be the fastest growing region during the forecast years. The growing population in the developing countries especially India and china has augmented the demand for cosmetics, household and fragrance products coupled with developing retail sector is further expected to show significant growth. Europe and North America are other major markets for musk aroma chemical owing to the developed cosmetic and processed food industry.
Industry/ Innovation/ Related News:
29 June 2016- BASF introduced to new additions to the product portfolio namely Methylionone 70 and dihydrorosane which are excellent ingredients for fragrance compositions. Methylionone 70 is a fragrance materials with a floral, woody and fruity odour whereas dihydrorosane is the newest addition to the rose portfolio bearing a rosy-floral odour. Moreover, through this addition the company expects to broaden their consumer base , better product quality and supply reliability.
6 September 2016- Fluor Corporation has announced its completion of integrated Aroma ingredients complex for the joint venue BASF PETRONAS which will produce citral among other fragrance ingredients. This major motive of this aroma integrated complex is to cater to the growing demand for citral based products in the flavor and fragrance industry.
2 November 2016- The Aroma chemical services and Renewable Energy group has collaborated for the development of specialty fragrance chemical using the renewable energy group technological platform with the use of renewable fatty acid to produce high performance musk ingredient. This development is expected to bring about new opportunities in the global musk market.
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