Octyl Salicylate Global Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand and Forecast 2024-2033 | BASF SE, Kao Corporation, Kerry Group PLC, Givaudan SA, Clariant AG

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Octyl Salicylate Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The octyl salicylate market size has grown strongly in recent years. It will grow from $1.13 billion in 2023 to $1.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growth in cosmetic and personal care industry, increase in consumer awareness of uv protection, expansion of organic and natural cosmetics, rise in skincare product demand, increase in outdoor recreational activities.

The octyl salicylate market size is expected to see strong growth in the next few years. It will grow to $1.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to demand for photostable sunscreen ingredients, expansion of the fragrance industry, influence of fashion and beauty standards, rise in dermatologist recommendations, introduction of water-resistant formulas. Major trends in the forecast period include advancements in sunscreen formulations, innovation in skincare technologies, technological advancements in cosmetic formulations, sustainable and eco-friendly products, collaboration with health and wellness brands.

Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=12693&type=smp

Market Segmentation:
The octyl salicylate market covered in this report is segmented -
1) By Type: Colorless, Light Yellow
2) By Application: Perfume, Soap, Cosmetics, Sunscreens, Other Applications
3) By Distribution Channel: Online, Offline
4) By End-User: Personal Care, Consumer Goods

Major Driver - Rising Demand For Personal Care Products To Drive Market Growth
The increasing demand for personal care products is expected to propel the growth of the octyl salicylate market going forward. A personal care product refers to a group of self-care items used for personal hygiene, cleaning, and grooming. They consist of shampoos, conditioners, toothpaste, creams, coloring products for hair, lipsticks, beauty products, bath soaps, detergents, sunscreens, scents, and home items. Octyl salicylate is used in personal care goods, such as sunscreens, lotions, and other personal care products, to protect skin primarily from UVB rays. For instance, in February 2023, according to L'Oréal S.A., a France-based personal care company, sales of consumer products increased from 11.8% to 14.6% and active cosmetics from 28.0% to 30.6% from the 4th quarter of 2022 to December 31, 2022. With a growth of +21.9% like-for-like and +30.6% based on reported numbers, the Dermatological Beauty Division closed the year with an exceptional gain. Therefore, the increasing demand for personal care products is driving the growth of the octyl salicylate market.

Competitive Landscape:
Major companies operating in the octyl salicylate market report are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Evonik Industries AG, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Kao Corporation, Kerry Group plc, Givaudan SA, Lubrizol Corporation, Clariant AG, Symrise AG, Koninklijke DSM N.V., Firmenich SA, Croda International plc, Takasago International Corporation, Sensient Technologies Corporation, Robertet SA, Aceto Corporation, T. Hasegawa Co. Ltd., Bell Flavors & Fragrances Inc., Tokyo Chemical Industry Pvt Ltd., Ernesto Ventos SA, MFCI Co Ltd., Aako BV, Mane SA

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/octyl-salicylate-global-market-report

Top Trend - Product Innovations Transforming The Octyl Salicylate Market
Product innovation is a key trend gaining popularity in the octyl salicylate market. Major companies operating in the octyl salicylate market are developing innovative products to sustain their position in the market. For instance, in July 2022, Givaudan, a Switzerland-based chemical manufacturing company, launched Neosalyl. It is a pure substitute for its synthetic alternative. It is an organic form of salicylic acid that is 100 percent natural for the skin and scalp. Neosalyl, made from the pure essential oil of the wintergreen plant through the method of green fractionation, provides all the advantages of dermo-purification for the skin and shine and anti-dandruff capabilities for hair care.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Octyl Salicylate Market Characteristics
3. Octyl Salicylate Market Trends And Strategies
4. Octyl Salicylate Market - Macro Economic Scenario
5. Octyl Salicylate Market Size And Growth
…..
27. Octyl Salicylate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

This release was published on openPR.