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Beta-Ionone Market Revenue, Opportunity, Segment and Key Trends 2016 - 2024
Beta-Ionone Market
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The beta-ionone market can be segmented on the basis of end-user industry into the following application groups: food & beverages, personal care, and home care. In the food & beverages industry, beta-ionone is used as a flavoring agent, as also in red wine, several fruit juices, drinking water, and certain food products. In the personal care sector, the product is employed in cosmetics such as creams & lotions and perfumes to add fragrance to these products. In the home care industry, it is used in detergents and other washing and cleaning products. The personal care segment held a major share in the market and demand is expected to rise further in the next few years. Increasing need for perfumes and other aromatic products is also expected to boost the requirement for beta-ionones in the personal care industry. Demand is also anticipated to rise in the home care and food & beverages sectors. In this day and age, there is an added requirement for good aromatic and flavored food and restaurants are therefore experimenting with new aromatic products to add innovation to their food items. Similarly, innovation is witnessed in home care. For instance, detergents with rose and lime fragrances are popular in the market.
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Based on geographies, the beta-ionone market can be distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for the product is expected to be high in Asia Pacific, followed by Europe and Middle East & Africa. The burgeoning personal care and food & beverages industries in Asia Pacific are anticipated to fuel the demand for the product. Rising population and standards of living are also improving the market sales. The product is popular in Europe which is among the major producers of beta-ionone. The rising development of the perfumery industry in Middle East & Africa is predicted to increase the sales of beta-ionone in the region. Demand for the product in North America and Latin America is likely to rise in the next few years.
Key manufacturers of beta-ionone market across the globe include A. B. Enterprises, Jayshree Aromatics Pvt. Ltd., Privi Organics Ltd., and Vee Kay International.
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