Market Insights
The Global Musk Aroma Chemicals Market is expected to be driven strongly by the growing demand for scented floor cleaning, toilet cleaning and detergent products, according to the latest research report from Market Research Future (MRFR). The report estimates the growth trajectory of the global musk aroma chemicals market based on a detailed analysis of the market’s historical growth and current drivers. The impact of individual drivers and restraints on the musk aroma chemicals market is explained in detail in the report, in order to familiarize the reader with the movement patterns of the market. The growth potential of the musk aroma chemicals market share is also charted in the report to provide readers a detailed idea of the market’s growth trajectory until 2023.
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Musk aroma chemicals are aroma chemicals obtained from various natural sources as well as through synthetic production methods. Natural sources of musk aroma chemicals include certain seeds, roots, and glandular excretions from the musk gland of animals such as musk deer, Louisiana musk rat, and the civet cat. Natural animal-sourced musk aroma chemicals are highly valued, as they were the original product in the market before synthetic production methods came along, and still hold high value for their authenticity and natural flavour.
The growing demand for household detergents and cleaning products is likely to be the major driver for the global musk aroma chemicals market over the forecast period. Personal care products such as shampoo, oils, and fragrances are also likely to remain an important end-use segment for the global musk aroma chemicals market. As the disposable income of consumers in developing countries such as China and India, this has resulted in a growing demand for consumables such as deodorants, soaps, and shampoos. This has resulted in a growing demand for naturally flavored cosmetic products. Musk aroma chemicals have become an important class of fragrances for manufacturers of personal care and household cleaning products as a result. The growing demand for personal care products, especially those scented with natural musk aroma chemicals or synthetically designed to smell like musk, is likely to be a major driver for the global musk aroma chemicals market.
Competitive Analysis:
- M. Aromatics Pvt. Ltd.
- Guangzhou Flower Flavours and Fragrances Co. Ltd.
- Takasago
- Firmenich
- Givaudan
- International Flavors and Fragrances
- Bell Flavors and Fragrances
- The Good Scents Company
- Sigma-Aldrich Co. LLC
- PFW Aroma Ingredients
Segmentation:
The Global Musk Aroma Chemicals Market is segmented on the basis of source, application, and region.
On the basis of source, the musk aroma chemicals market is bifurcated into natural and synthetic.
On the basis of application, the market is classified into soap & detergent, cosmetics & personal care, food, household products, and others. The cosmetics and personal care segment dominates the global musk aroma chemicals, followed by the soap and detergent segment, showing that personal cleanliness is likely to remain an important sector for the musk aroma chemicals market. Many people enjoy the earthy odour of musk aroma chemicals, making them highly popular in cosmetic and personal care products.
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Development into creating nature-identical musk aroma flavors synthetically is likely to remain an important avenue for players in the musk aroma chemicals market. The increasing rarity of musk in the natural setting has led to a significant price increase for natural musk aroma chemicals, leading to a growing demand for synthetic alternatives.
Regional Analysis:
Europe is the leading revenue generator in the global musk aroma chemicals market, followed by North America. The widespread presence of highly affluent buyers in these two regions has made them vital revenue generators for the musk aroma chemicals market. Growing synthetic production of musk aroma chemicals in Europe and North America is likely to be a major driver for the global musk aroma chemicals market, as the natural extraction of musk aroma chemicals from deer is mainly centered around Asian countries such as India and China. Asia Pacific is also likely to remain an important regional market for the global musk aroma chemicals market.
Industry/Innovation/Related News:
April 21, 2019 —- Aroma Chemical Services International GmbH (ACS International, Germany), a leading global producer of specialty chemicals and a wide-range of flavors and fragrances, announced the development of synthetic musk aroma chemical using all-natural ingredients. The company used plant-based alternative – pricey ambrette seed oil, made from the seeds of the musk mallow.
Consumers are looking for natural scents; hence, the fragrance firm wants to be more sustainable. The company also sells two less-expensive molecules inspired by ambrette seed oil. Dihydroambrettolide that is made via a semisynthetic pathway and Ambrettolide HC Suprême, made via fermentation, were introduced last year.
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