Musk Aroma Chemicals Market 2021

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Musk Aroma Chemicals MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Musk Aroma Chemicals MARKET 2020
Musk Aroma Chemicals Market 2020 Industry
Survey, Growth, CompetitiveLandscape and
Forecasts to 2023
Musk Aroma Chemicals are a class of aromatic
compounds most commonly used as a base product in
fragrant substances. They are naturally found in
animals such as musk deer and in numerous plants
such as ambrette seeds and angelica root.
Moreover, they are used as flavoring agents and
fixatives in numerous application such as
cosmetics personal care, soap detergent,
food, household products, and others. Some of the
prominent factors that positively influence the
growth of Musk Aroma Chemicals Market are
expansion of cosmetics personal care,
continuous growth of soap detergent sector, and
increasing urbanization. Furthermore, improved
economic conditions, increasing disposable
income, growing preference for healthier
lifestyles are some other factors resulting in
the growth of musk aroma chemicals market over
the forecast period, (2017 to 2023). Increasing
population coupled with rising demand for
household products such as candles, toiletries,
and cleaning products is expected to fuel the
growth of the market over the assessment period.
However, the high cost involved in research
development along with the stringent regulatory
standards are predicted to hamper the growth of
the market during the review period. Moreover,
stringent laws associated with the killing of
animals as well as awareness campaign driven by
PETA for the welfare of animals is predicted to
restrain the growth of the natural Musk Aroma
Chemicals Market.
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Musk Aroma Chemicals MARKET 2020
Market Segmentation 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. Enquiry of the Report
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Musk Aroma Chemicals MARKET 2020
Regional Analysis
Regionally, Musk Aroma Chemicals Market is
segmented into five regions namely North America,
Europe, Asia Pacific, Latin America, and the
Middle East Africa. Among all the regions,
Europe dominates the market and accounted for
around 33 of the overall market share in 2016,
and is predicted to grow significantly over the
assessment period. In North America, U.S
accounted for the largest regional market share
in 2016 due to rising usage of skin care products
along with attractive marketing strategies. In
Asia Pacific, market growth is observed due to
robust growth in cosmetics personal care
industry as well as increasing purchasing power
of people. Moreover, the market for Musk Aroma
Chemicals in Middle Eastern African and Latin
American countries are predicted to grow due to
expansion of food sector as well as increasing
usage of cosmetics beauty care products.
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Musk Aroma Chemicals MARKET 2020
Application Major Players in this Research
Musk Aroma Chemicals Market Prominent
Players The major players operating in the
Global Musk Aroma Chemicals Market 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), and others.
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