Press release
Citral Market Pegged for Robust Expansion During 2024 - 2031 | BASF SE, Beijing Lys Chemicals Co. Ltd.
Citral Market
Citral market is expected to reach US$ 4.32 Bn by 2031, from US$ 3.19 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 6.5% during the forecast period.
Market Dynamics:
The global citral market is expected to witness significant growth over the forecast period. This is attributed to increasing demand for natural ingredients in food & beverages as well as personal care and cosmetic products. Citral is extensively used to impart a lemony scent in detergents, soaps, creams and lotions. The growth of the fragrance industry particularly in Asia Pacific due to rising living standards and increasing consumer spending on premium products containing natural ingredients is another factor expected to drive the market growth. Additionally, citral has proven anti-microbial properties, due to which it finds use in household cleaners. Thus, rising demand for eco-friendly cleaners also contributes to the market growth.
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Citral Market Drivers: Increased Usage of Citral in Cosmetic and Personal Care Products
The usage of citral in various cosmetic and personal care products such as shampoos, handwashes, lotions, soaps etc. has increased significantly over the past few years. Citral is widely used ingredient in these products due to its multiple benefits. It has anti- microbial properties which make it suitable for use in hand washes and soaps. Citral also possesses anti-inflammatory and anti-fungal properties helping in skin care. Furthermore, citral provides fresh, lemony scent to various cosmetic formulations which consumers prefer. Thus, growing personal care industry coupled with varied applications and functional benefits of citral has fueled the demand from this end use segment. Expanding middle class population and increasing spending on personal grooming in developing regions of Asia Pacific and South America has majorly contributed to the increased consumption of citral in cosmetic and personal care products.
Citral Market Opportunity: Growing Application in Fragrances
The global fragrance market valued at USD 44 billion in 2020 is anticipated to grow at 5% CAGR during the forecast period. Citral has significant demand from fragrance industry where it is used as a key ingredient in perfumes, colognes, deodorants and many household products to impart fresh, lemony scent. Only a small quantity of citral is required to provide long lasting citrus aroma making it economical ingredient. Factors such as rising spending on premium beauty products, improving living standards, rapid urbanization and changing lifestyle have augmented the sales of fragrance products globally. This presents an opportune area for increased citral consumption. Growing male grooming segment and demand for natural ingredients also works in favor of citral market. Emerging markets of Asia Pacific hold excellent growth potential for citral as fragrance ingredient. If citral producers target this application sector strategically through effective marketing and engagement with end users, it can unlock new revenue streams.
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Top Companies Featured in This Report:
โ BASF SE
โ Beijing Lys Chemicals Co. Ltd.
โ Indukern SA
โ Industrial and Fine Chemicals
โ Kuraray Co. Ltd.
โ Privi Specialty Chemicals Limited
โ Rajkeerth Aromatics and Biotech Pvt. Ltd.
โ Symrise AG
โ Takasago International Corporation
โ Vee Kay International
โ Zhejiang Xinchecheng Co. Ltd.
Market Segmentation:
By Product Type:
โ By Type: Natural Citral, Synthetic Citral,
โ By End User: Cosmetics & Personal Care, Household Care, Pharmaceuticals, Food & Beverages, Others
By Applications:
โ By Application: Lemon Essence, Vitamin, Menthol, Others
Key Regions/Countries Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Citral Market Competition Landscape by Players
Chapter 4: Assessment of Citral Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Citral sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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