Musk Aroma Chemicals Market Research Report- Forecast to 2030

Musk Aroma Chemicals Market Information - by Source (Natural and Synthetic), by Application (Soap & Detergent, Cosmetics & Personal Care, Food, Household Products, and Others) and by Region - Forecast till 2030

ID: MRFR/CnM/3021-HCR | February 2023 | Region: Global | 136 Pages         

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Musk Aroma Chemicals Market

Musk Aroma Chemicals Market is projected to be worth USD 6968.8 Billion by 2028, registering a CAGR of 4.60% during the forecast period (2022-2030).

Segmentation
By Source Natural Synthetic
By Application Soap & Detergent Cosmetics & Personal Care Food Household Products Others
Key Players
Companies Profiled   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)
Drivers
Market Driving Forces   increasing number of working professionals
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Musk Aroma Chemicals Market Overview Musk Aroma Chemicals Market is projected to be worth USD 6968.8 Billion by 2028, registering a CAGR of 4.60% during the forecast period (2022-2030). Musk Aroma Chemicals are aromatic compounds that can be found in both natural and synthetic forms. Musk Aroma Chemicals are formed from plants and animals' seeds and roots. Natural musk extracts of animal origin can be found in the rump glands of male musk deer, civet cat, and Louisiana muskrat. They are used for a variety of things, including household supplies, soap and detergent, cosmetics and personal care, food, and more. Fragrances are complex blends of natural and synthetic components. A single smell can have anywhere from a dozen to two hundred constituents or aroma compounds, all of which are meticulously calibrated and often in minute proportions. Musk Aroma elements are added to items such as fine fragrances, housekeeping, home care, and personal care products to create unique combinations. Aroma ingredients are complex molecules that are used to impart desired fragrance to cosmetics, personal care, and home care products. Flower, fruit, wood, and spice are natural scent ingredients, whereas synthetic aroma ingredients are made up of chemical compounds like esters, aldehydes, alcohols, musk chemicals, and terpenes. The market is soon going to attain huge profits as per the recent forecast.

Musk Aroma Chemicals Market Share by Application (2016), (%):Musk Aroma Chemicals Market


Regional Analysis:


The Musk Aroma Chemicals Market is classified into five regions namely– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Europe emerged as the leading Musk Aroma Chemical Market in 2016, driven by the growth of various end use application such as soap & detergent and cosmetics & personal care. Europe region was predicted to amount for around 33% of the overall volume share in 2016, and is estimated to grow with the steady CAGR over the forecast period. European countries such as Russia, Germany, UK, and Italy have emerged as the key contributors in the regional Musk Aroma Chemicals Market growth and expected to continue their dominance over the assessment period due to wide utilization of Musk Aroma Chemicals in cosmetics & personal care products.


North America is expected to witness a moderate growth in Musk Aroma Chemicals Market on account of strong consumer base for numerous industries combined with the growing investments to regenerate household products sector during the assessment period, during 2017 to 2023. U.S and Canada are among the major contributors in the regional growth of Musk Aroma Chemicals and are estimated to see a momentous demand for the market in the upcoming years. U.S accounted for the largest market share in terms of value and is expected to grow with the steady CAGR due to growth in cosmetics & personal care.


Asia Pacific is estimated to witness a tremendous growth of the Musk Aroma Chemicals Market with the highest CAGR during the review period, (2017 to 2023) due to expansion of numerous end use industries such as food, cosmetics & personal care, and soap & detergent among others. The demand for musk aroma chemicals is estimated to surge in various countries of Asia Pacific such as Thailand, Malaysia, China, India, and Japan owing to increasing demand for cosmetics & personal care products. Moreover, growing purchasing power, availability of inexpensive labor and raw material, and soberly stringent regulatory framework. In Latin America, countries such as Brazil, Colombia, and Argentina are estimated to dominate the regional market share due to increasing consumer spending on beauty care products and improving standard of living. The Middle Eastern & African countries such as United Arab Emirates (UAE) and Saudi Arabia accounted for the largest market share in beauty products and is estimated to see significant growth on account of increasing demand of cosmetics & personal care products.


Segmentation:


The Musk Aroma Chemicals Market is segmented on the basis of Source, Application, and Region. On the basis of Source, Musk Aroma Chemicals Market is bifurcated into natural and synthetic. On the basis of Application, the Musk Aroma Chemicals Market is classified into soap & detergent, cosmetics & personal care, food, household products, and others. On the basis of Region, the Musk Aroma Chemicals Market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Key Players:


Some of the prominent players operating in the 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.


Geographical Analysis:


The Musk Aroma Chemicals Market Report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.Recent Development



  • The Scientific Committee on Cosmetics and Non-Food Goods (SCCNFP), an expert scientific board that advises the European Commission on human health problems, examined galaxolide's human safety in cosmetic products in 2002 and published a final decision on September 17, 2002. Musk Aroma Chemicals can be utilized as a fragrance ingredient in cosmetic products without any restrictions, according to the board.

  • On December 20, 2019, the Environmental Protection Agency (EPA) finalized the classification of 20 chemical substances as high-priority for risk review under the Toxic Substances Control Act (TSCA). Musk Aroma Chemicals are of the high-priority chemicals being investigated for risk.


Intended Audience



  • Musk aroma chemicals manufacturers

  • Traders and Distributors of musk aroma chemicals

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   4.60%
  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   Source, Application and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   growing demand for musky fragrances in detergents and soaps which is in turn fuelled by the increasing laundry business
  Key Market Drivers

  • increasing awareness
  • increasing number of working professionals
  • growing middle class population


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    Frequently Asked Questions (FAQ) :

    Musk aroma chemicals are widely used as flavoring agents in applications such as cosmetics & personal care, food & beverages, soaps & detergents, and other household products.

    Synthetically obtained musk aromas, also known as white musk perceives wider applications than naturally obtained musk aromas, only due to the convenience of obtaining. As, the stringent laws against animal cruelty restrict the trade of musk acquired from animals.

    Rapid expansion of end use industries in developed and developing economies

    Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global musk aroma chemicals market adopt to gain a larger competitive advantage.

    Sigma-Aldrich Co. LLC. (U.S.), PFW Aroma Ingredients (the Netherlands), The Good Scents Company (U.S.), International Flavors & Fragrances (U.S.), Bell Flavors & Fragrances (U.S.), Givaudan (Switzerland), Takasago (Japan), Firmenich (Switzerland), A.M. Aromatics Private Limited. (India), and Guangzhou Flower Flavours & Fragrances Co., Ltd. (China), are some of the leading players in the global musk aroma chemicals market.