Global Geranyl Acetate Market Size To Worth USD 496 Million By 2033 | CAGR of 5.41%
Category: Chemicals & MaterialsGlobal Geranyl Acetate Market Size To Worth USD 496 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Geranyl Acetate Market Size is Expected to Grow from USD 293 Million in 2023 to USD 496 Million by 2033, at a CAGR of 5.41% during the forecast period 2023-2033.
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Browse key industry insights spread across 211 pages with 110 Market data tables and figures & charts from the report on the "Global Geranyl Acetate Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Natural Geranyl Acetate, Synthetic Geranyl Acetate, and Others), By Application (Fragrances, Flavoring Agents, Pharmaceuticals, Cosmetics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/geranyl-acetate-market
The geranyl acetate market includes the global trade, production, and consumption of geranyl acetate, a naturally occurring aromatic ester that is primarily employed in the fragrance, cosmetic, and food and beverage industries. This molecule is present in various essential oils, including palmarosa, citronella, and geranium, and has a floral, fruity, and slightly rosy aroma. The geranyl acetate market presents several opportunities, particularly with the increased need for natural components in a multitude of industries. Furthermore, the market is being driven by increased demand for fragrances in personal care products, with customers seeking unique and pleasant odors such as those provided by geranyl acetate. Furthermore, technological advancements in geranyl acetate production and extraction processes have helped to greatly expand the industry. Innovative extraction processes have increased the yield and quality of natural geranyl acetate, making it more cost-effective and appealing to manufacturers. Furthermore, the invention of synthetic geranyl acetate provides a reliable and consistent alternative that fits the high demands of a variety of applications. These developments ensure that the supply of geranyl acetate stays up with rising demand, hence boosting market growth. However, the market is constrained in various ways, most notably by regulatory restrictions and supply chain difficulties. The strict restrictions controlling the use of synthetic chemicals in cosmetics and food items pose a challenge for synthetic geranyl acetate manufacturers, who must adhere to stringent quality requirements and get necessary licenses.
The natural geranyl segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the product type, the geranyl acetate market is divided into natural geranyl acetate, synthetic geranyl acetate, and others. Among these, the natural geranyl acetate segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This dominance stems mostly from increased consumer demand for natural and organic products, particularly in the personal care, cosmetics, and food and beverage industries.
The fragrances segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the geranyl acetate market is divided into fragrances, flavoring agents, pharmaceuticals, cosmetics, and others. Among these, the fragrances segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is due to its widespread use in perfumes, deodorants, and air fresheners, which is being driven by the rising demand for premium and luxury fragrances.
North America is estimated to hold the largest share of the geranyl acetate market over the forecast period.
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North America is estimated to hold the largest share of the geranyl acetate market over the forecast period. The region's concentration on natural and organic products compliments the use of geranyl acetate, especially the natural form. Consumers in the United States and Canada are increasingly seeking synthetic-free products, which is driving up demand for geranyl acetate in perfumes and natural cosmetics.
Europe is predicted to have the fastest CAGR growth in the geranyl acetate market over the forecast period. Countries such as Germany, France, and the United Kingdom are increasing demand for natural fragrance compounds, due to increased consumer awareness and legislative policies that encourage environmentally friendly products.
Major key players in the geranyl acetate market include Givaudan SA, Berjé Inc., Elan Chemical Company Inc., Sigma-Aldrich Corporation, Firmenich SA, International Flavors & Fragrances Inc., Symrise AG, BASF SE, Takasago International Corporation, Aromor Flavors and Fragrances Ltd., Sensient Technologies Corporation, Robertet Group, Vigon International, Inc., Kao Corporation, Privi Organics India Limited, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the geranyl acetate market based on the below-mentioned segments:
Global Geranyl Acetate Market, By Product Type
- Natural Geranyl Acetate
- Synthetic Geranyl Acetate
- Others
Global Geranyl Acetate Market, By Application
- Fragrances
- Flavoring Agents
- Pharmaceuticals
- Cosmetics
- Others
Global Geranyl Acetate Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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