Dihydrocitronellol Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1559
Global Dihydrocitronellol Market size is projected to grow exponentially owing to its wide use as a cleaning agent as well as cosmetic ingredient. Obtained from natural sources such as tomato juice, wild onion trees, juniperus phoenicea extracts, and achyrocline satureioides it is considered as a natural extract of flowers.
The product has a natural, fresh, rosy aroma and is a colorless liquid. Its eco-friendly nature and natural origin is likely to impact positively in the cosmetic industry. Rising use of organic products is likely to drive the demand for dihydrocitronellol market in near future. Cosmetic manufacturers have started using natural ingredients due to rising awareness of the naturally obtained products that are harmless to the human body. This in turn is likely to enhance the usage of the product in the cosmetic products owing to its natural properties. Also, increasing awareness of personal grooming, rise in the standard of living of consumers in the developing countries, purchasing power parity, changing lifestyles and increasing disposable income are luring the population to spend more over cosmetics and personal care. The global cosmetic market in 2016 was valued over USD 500 billion and is expected to grow at a CAGR of over 6%, hence boosting the dihydrocitronellol market in the forecast years.
Stringent regulations imposed by governmental organizations regarding the use of chemicals in cosmetic products will drive the dihydrocitronellol market significantly. Harmful side effects associated with several synthetic cosmetic chemicals may lead to substitution with organic ingredients, hence boosting the overall industry.
Being a naturally derived ingredient, the limitation in cultivation can lead to a shortage in the production. This can lead to a slower growth of the global dihydrocitronellol market. Also, availability of raw materials in specific locations may result in the hindering the global dihydrocitronellol market growth owing to export and import prices.
On the basis of application, the dihydrocitronellol market can be segmented into household cleaning products and cosmetics. Household cleaning products segment can be further bifurcated into laundry and dish washing applications. Due to its superior cleaning properties, the demand in laundry products and dishwashing products is on a substantial rise. The product provides a natural rose fragrance to the final product and hence is majorly used in the cleaning segment. Health hazards from commonly used chemical surfactants such as SLS and SLES may create new growth avenues for the product in the cleaning products sector. This segment is likely to account for a notable chunk of the global dihydrocitronellol market.
Desirable fragrance also makes it a lucrative ingredient in several cosmetic products. High demand for organic cosmetics and fragrances in the developed economies or Europe and North America will drive this application segment significantly in coming years. Growing awareness about these products in the emerging BRICS nations will create further opportunities for the overall dihydrocitronellol market growth.
On the basis of region, the global dihydrocitronellol market can be segmented into Asia Pacific, Europe, North America, Latin America and Middle East & Africa. Due to an increasing demand for cosmetics and home cleaning products in countries like India and China, demand for dihydrocitronellol market is likely to increase substantially in the Asia Pacific region. Large scale and world class cosmetic manufacturers are operating in Europe and North America. The dihydrocitronellol market in these regions is also expected to witness steady gains in the forecast period. In Latin America and Middle East & Africa, the demand for organic cosmetics has been rising steadily since the past few years, especially in the gulf countries. Owing to this trend the dihydrocitronellol market is expected to gain significantly in this region in the near future.
The primary players operating in the global dihydrocitronellol market are Sigma-Aldrich Co. LLC, Takasago International Corporation, Aurora Fine Chemicals, BOC Sciences, AKos GmbH, Biosynth, M. P. Aromas and S. C. Johnson & Son, Inc. to name some.
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