Insights into the Geranyl Acetate 60 Market size which is expanding with a 14.5% CAGR from 2024 - 2031
The "Geranyl Acetate 60 Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Geranyl Acetate 60 market is expected to grow annually by 14.5% (CAGR 2024 - 2031).
This entire report is of 124 pages.
Geranyl Acetate 60 Introduction and its Market Analysis
Geranyl Acetate 60 is a colorless liquid with a floral, fruity aroma commonly used in the fragrance industry. The market research reports indicate a steady growth in demand for Geranyl Acetate 60, driven by factors such as increasing consumer preference for natural ingredients in personal care products and rising disposable incomes in emerging economies. Major players in the market include BASF, NHU, Firmenich, and Symrise, among others. The report's main findings suggest that the Geranyl Acetate 60 market is poised for significant growth in the forecast period, and recommendations include focusing on product innovation and expanding market presence.
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Geranyl Acetate 60 is a key ingredient in the flavor and fragrance industry, commonly used in household products, food, cosmetics, and personal care items. With its fresh and citrus-like aroma, this compound is in high demand for its ability to enhance the overall scent of products. In addition to its fragrance benefits, Geranyl Acetate 60 also serves as a flavoring agent in food products, adding a sweet and fruity note.
In terms of regulatory and legal factors, companies operating in this market must adhere to strict guidelines set by regulatory bodies to ensure the safety and quality of products containing Geranyl Acetate 60. This includes compliance with labeling requirements, maximum usage levels, and safety data sheets. It is important for companies to stay updated on any changes in regulations to avoid any legal implications.
Overall, Geranyl Acetate 60 plays a vital role in the flavor and fragrance industry, catering to various segments such as food, cosmetics, and personal care. As demand for natural and organic products continues to grow, the market for Geranyl Acetate 60 is expected to expand further, offering endless opportunities for companies to innovate and create new products.
Top Featured Companies Dominating the Global Geranyl Acetate 60 Market
The geranyl acetate 60 market is highly competitive with key players such as BASF, NHU, Firmenich, Privi Organics, Symrise, De Monchy Aromatics, Moellhausen, Robertet, and Takasago operating in the industry. These companies are leading manufacturers and suppliers of geranyl acetate 60, a commonly used fragrance ingredient in perfumery, cosmetics, and personal care products.
BASF is a global leader in the chemical industry and offers a wide range of fragrance ingredients, including geranyl acetate 60, to cater to the growing demand in the market. NHU is a key player in the fragrance industry, known for its high-quality products and innovative solutions. Firmenich, Symrise, and Takasago are also prominent players in the market, known for their strong R&D capabilities and global presence.
Privi Organics, De Monchy Aromatics, Moellhausen, and Robertet are also significant contributors to the geranyl acetate 60 market with their diverse product portfolios and extensive customer base. These companies play a crucial role in driving the market growth through product innovation, strategic partnerships, and market expansion.
In terms of sales revenue, BASF reported a revenue of $ billion in 2020, while Firmenich reported a revenue of $4.5 billion in the same year. Symrise reported a revenue of €3.52 billion in 2020, and Takasago reported a revenue of ¥107.3 billion in the same year. These sales figures highlight the significant market presence and growth potential of these companies in the geranyl acetate 60 market.
- BASF
- NHU
- Firmenich
- PriviOrganics
- Symrise
- DeMonchyAromatics
- Moellhausen
- Robertet
- Takasago
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Geranyl Acetate 60 Market Analysis, by Type:
- FlavorandFragrance
- HouseholdProducts
There are different types of Geranyl Acetate 60 used in Flavor and Fragrance as well as Household Products. These types are specifically formulated to enhance the aroma and provide a pleasant fragrance to various products such as perfumes, cosmetics, cleaning agents, and air fresheners. The unique properties of each type help in boosting the demand for Geranyl Acetate 60 market as manufacturers can cater to specific needs and preferences of their consumers. Whether it's for creating a fruity or floral scent, these types of Geranyl Acetate 60 play a crucial role in achieving the desired fragrance profile for different products.
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Geranyl Acetate 60 Market Analysis, by Application:
- Food
- Cosmetics&PersonelCare
- Other
Geranyl Acetate 60 is commonly used in the food industry as a flavoring agent with a fruity and floral scent. In cosmetics and personal care products, it is used for its pleasant aroma in perfumes, lotions, and soaps. It is also utilized in other industries such as pharmaceuticals and household products for its fragrance properties. The fastest growing application segment in terms of revenue is in the cosmetics and personal care industry, as there is a growing demand for natural and organic ingredients in beauty products. Geranyl Acetate 60 adds a luxurious and aromatic touch to these products, increasing their appeal to consumers.
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Geranyl Acetate 60 Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Geranyl Acetate 60 market is expected to witness significant growth across regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea). Among these regions, Asia-Pacific is expected to dominate the market with a market share of 40%, followed by Europe with a market share of 30%. North America and Latin America are expected to have market shares of 20% and 10% respectively.
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