Benzenoid Market Research Report- Forecast to 2030

Benzenoid Market Information-by Type (Natural and Synthetic), by Application (Food & Beverage, Cosmetics & Personal Care, Soap & Detergent, Household Products, and Others) and by Region- Forecast till 2030

ID: MRFR/CnM/3017-HCR | February 2021 | Region: Global | 135 pages

Benzenoid Market: Segmentation


The Global Benzenoid Market is classified on the basis of type, application, and region. On the basis of type, the market is bifurcated into natural and synthetic. On the basis of application, the market is categorized into food & beverage, cosmetics & personal care, soap & detergent, household products, and others. On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Key Players:


Some of the prominent players operating in the Global Benzenoid Market are BASF SE (Germany), Sigma-Aldrich Co. LLC. (U.S.), The Good Scents Company (U.S.), International Flavors & Fragrances (U.S.), Givaudan (Switzerland), Firmenich (Switzerland), Quest International (the Netherlands), Takasago (Japan), Haarmann & Reimer (Germany), Sensient Technologies (U.S.), and others.


Benzenoid Market: Synopsis


Benzenoids belong to a special class of aromatic organic compound which contain one or more benzene ring such as naphthalene, anthracene, phenanthrene, pyridine, and others. Naturally, they are found in leaves & flowers, oil, and wood & bark. They are widely utilized in numerous application such as cosmetics & personal care, soap & detergent, household products, food & beverage, and others, owing to its aroma and scent.


As per our analysis, some of the important market factors and trends identified in the global Benzenoids resin are, growing awareness, increasing consumption of flavored dairy products, rising population. Rising number of working professional coupled with increasing per capita disposable income is expected to boost up the demand for Benzenoid over the forecast period. Rising usage of Benzenoid in the manufacturing of personal care products along with increasing demand for cosmetics & personal care products is predicted to fuel the growth of the market during 2017 to 2023. Moreover, increasing demand for aromatic soap and detergent along with growing public laundry sector is estimated to give a new momentum to the demand for Benzenoids. Additionally, rapid expansion of end use industries in developing countries is expected to positively influence demand patterns. Moreover, changing lifestyle and growing purchasing power of people are some other factors which are expected to positively influence the growth of the market.


The Global Benzenoid Market Share by Application (2016), (%):Benzenoid Market


Regional Analysis:


The Global Benzenoid Market is categorized into five regions namely– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Europe emerged as the leading Benzenoid Market in 2016, driven by the growth of various end use application such as cosmetics & personal care and soap & detergent. Europe region was estimated to account for around 38% of the overall volume share in 2016, and is expected to grow with the steady CAGR during the assessment period. European countries such as Germany, Russia, Spain, UK, France, and Italy have emerged as the major contributors in the regional Benzenoid Market growth and is expected to continue their dominance during the review period on account of wide utilization of Benzenoid in cosmetics and personal care products.


North America is estimated to witness a substantial growth in Benzenoid Market due to a strong consumer base for various industries along with the rising investments to revitalize food & beverage sector over the forecast period. In North American region, countries such as the U.S. and Canada are among the prominent contributors in the regional growth of Benzenoid Market and are predicted to see a significant demand for Benzenoid during the assessment period, 2017 to 2023. The U.S accounted for the largest market share and is followed by Canada in terms of value and is predicted to grow with the moderate CAGR due to growth in pharmaceutical sector.


Asia Pacific regional market is predicted to grow with the highest CAGR over the assessment period, (2017 to 2023) on account of expansion of various end use application such as soap & detergent, cosmetics & personal care, and household products. The demand for Benzenoids is predicted to surge in numerous countries of the Asia Pacific such as Malaysia, China, Thailand, India, Vietnam, and South Korea due to growing demand for cosmetics and personal care products. In Asia Pacific, China and India are predicted to hold the major market share in terms of volume and is estimated to continue their dominance due to increasing purchasing power, availability of cheap labor & land, and soberly strict regulatory framework. Latin American countries such as Argentina, Brazil, and Colombia are predicted to dominate the regional market share on account of rising consumer spending on beauty care products and strong presence of personal care brand names. The Middle Eastern & African countries such as Oman, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are among the major contributors in the regional market growth and is estimated to positively influence the end use industries growth over the forecast period.


Geographical Analysis:


The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Intended Audience



  • Benzenoid Manufacturers

  • Traders and Distributors of Benzenoid

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   (2022-2030) : Substantial Value
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Sigma-Aldrich Co. LLC. (U.S.), The Good Scents Company (U.S.), International Flavors & Fragrances (U.S.), Givaudan (Switzerland), Firmenich (Switzerland), Quest International (the Netherlands), Takasago (Japan), Haarmann & Reimer (Germany), Sensient Technologies (U.S.)
  Key Market Opportunities   Rising number of working professional coupled with increasing per capita disposable income is expected to boost up the demand
  Key Market Drivers   Growing awareness, increasing consumption of flavored dairy products, rising population.


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Frequently Asked Questions (FAQ) :


Benzenoids belong to a special class of aromatic organic compound, hence it finds major applications in cosmetics & personal care, food & beverage, soap & detergent, and household products.

Geographically, Europe is the largest segment in the global Benzenoid market. The region is estimated to retain its leading position throughout the assessment period (2017-2023), holding the significant market share.

Increasing consumption of flavored dairy products

By application, the sub segment – cosmetics and personal care products is the largest segment in the in the global Benzenoid market.

Sigma-Aldrich Co. LLC. (US), BASF SE (Germany), The Good Scents Company (US), Givaudan (Switzerland), International Flavors & Fragrances (US), Firmenich (Switzerland), Takasago (Japan), Quest International (the Netherlands), Haarmann & Reimer (Germany), and Sensient Technologies (US), are some of the leading players in the global Benzenoid market.

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 Benzenoids Market

5 Industry Overview of Global Benzenoids Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Benzenoids Market by Type

7.1 Introduction

7.2 Natural

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Synthetic

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Benzenoids Market by Application

8.1 Introduction

8.2 Food & Beverage

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Cosmetics & Personal Care

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Soap & Detergent

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Household Products

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Benzenoids Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Type, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Type, 2020-2027

9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Type, 2020-2027

9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Type, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Type, 2020-2027

9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Type, 2020-2027

9.3.5.2 Market Estimates & Forecast by Application, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

9.3.6.2 Market Estimates & Forecast by Application, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

9.3.7.2 Market Estimates & Forecast by Application, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

9.3.8.2 Market Estimates & Forecast by Application, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.4.3Market Estimates & Forecast by Application, 2020-2027

9.4.5 Japan

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Type, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6 Australia

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7 New Zealand

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8 Rest of Asia Pacific

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Type, 2020-2027

9.4.8.2 Market Estimates & Forecast by Application, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Type, 2020-2027

9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Type, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Type, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Type, 2020-2027

9.5.8.2 Market Estimates & Forecast by Application, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Type, 2020-2027

9.6.4.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Type, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6 Rest of Latin America

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 BASF SE

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Sigma-Aldrich Co. LLC.

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 The Good Scents Company

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 International Flavors & Fragrances

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Givaudan

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Firmenich

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Quest International

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Takasago

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Haarmann & Reimer

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Sensient Technologies

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion

LIST OF TABLES:

Table 1 World Population by Major Regions (2020-2027)

Table 2 Global Benzenoids Market: By Region, 2020-2027

Table 3 North America Benzenoids Market: By Country, 2020-2027

Table 4 Europe Benzenoids Market: By Country, 2020-2027

Table 5 Asia-Pacific Benzenoids Market: By Country, 2020-2027

Table 7 Middle East & Africa Benzenoids Market: By Country, 2020-2027

Table 6 Latin America Benzenoids Market: By Country, 2020-2027

Table 8 Global Benzenoids by Types Market: By Regions, 2020-2027

Table 9 North America Benzenoids by Types Market: By Country, 2020-2027

Table 10 Europe Benzenoids by Types Market: By Country, 2020-2027

Table11 Asia-Pacific Benzenoids by Types Market: By Country, 2020-2027

Table13 Middle East & Africa Benzenoids by Types Market: By Country, 2020-2027

Table12 Latin America Benzenoids by Types Market: By Country, 2020-2027

Table14 North America Benzenoids for Application Market: By Country, 2020-2027

Table13 Europe Benzenoids for Application Market: By Country, 2020-2027

Table14 Asia-Pacific Benzenoids for Application Market: By Country, 2020-2027

Table16 Middle East & Africa Benzenoids for Application Market: By Country, 2020-2027

Table15 Latin America Benzenoids for Application Market: By Country, 2020-2027

Table23 Global Types Market: By Region, 2020-2027

Table24 Global Application Market: By Region, 2020-2027

Table25 North America Benzenoids Market, By Country

Table26 North America Benzenoids Market, By Types

Table27 North America Benzenoids Market, By Application

Table28 Europe: Benzenoids Market, By Country

Table29 Europe: Benzenoids Market, By Types

Table30 Europe: Benzenoids Market, By Application

Table31 Asia-Pacific: Benzenoids Market, By Country

Table32 Asia-Pacific: Benzenoids Market, By Types

Table33 Asia-Pacific: Benzenoids Market, By Application

Table36 Middle East & Africa: Benzenoids Market, By Country

Table37 Middle East & Africa Benzenoids Market, By Types

Table33 Middle East & Africa: Benzenoids Market, By Application

Table34 Latin America: Benzenoids Market, By Country

Table35 Latin America Benzenoids Market, By Types

Table33 Latin America: Benzenoids Market, By Application

LIST OF FIGURES:

FIGURE 1 Global Benzenoids Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Benzenoids Market

FIGURE 4 Value Chain of Global Benzenoids Market

FIGURE 5 Share of Global Benzenoids Market in 2020, by country (in %)

FIGURE 6 Global Benzenoids Market, 2020-2027,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Benzenoids Market size by Type, 2020

FIGURE 9 Share of Global Benzenoids Market by Type, 2020-2027

FIGURE 10 Sub segments of Application

FIGURE 11 Global Benzenoids Market size by Application, 2020

FIGURE 12 Share of Global Benzenoids Market by Application, 2020-2027