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Pentalide Market Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2025

Author : Ravi Chawat | Published Date : 2022-09-19 

Pentalide Market Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2025

Pentalide market will exceed USD 17 million by 2025; according to a new research report.

Pentalide market will predominantly gain impressive market share of the overall macrocyclic industry owing to rising adoption of product by end user industries such as cosmetic & toiletries, fabric care, alcohol, household and industrial cleaners, etc. Pentalide is a naturally occurring musk which can be obtained from angelica root. However, to meet the industry demand, Pentalide is produced with chemical synthesis commercially and supplied to various end use industries. Pentalide is used in majority of cosmetics and toiletries products as a fixative, flavoring and fragrance ingredient.

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The global cosmetics & toiletries market is growing rapidly owing to increasing middle class population in Asia Pacific and Africa and rise in demand of premium products in cosmetics and toiletries industry. Rising deposable income in emerging economies such as India, Brazil, Indonesia, Malaysia, etc. shall propel the market demand during forecast period. The countries in the Asia represent some of the largest and high potential markets for cosmetics and toiletries products. Growing socio-economic factors around the world shall propel product market demand in coming years. Another growth prospect for the market is demand for environment friendly products from end users. Pentalide is safe for the environment and biodegradable thus making it more ideal for the consumption in end use products.

Rising awareness among people and pro-market regulatory environment shall drive market demand during forecast period. However, high production cost associated with product is the major obstacle for the market growth, there are other macrocycle musk that can replace pentalide due to their low synthesis cost.

Pentalide market is segmented on the basis of fragrance house into small, big and medium fragrance houses. Big fragrance segment is one of the largest segments in pentalide market and likely to grow at a similar pace by 2025. This is highly associated with their capacity to product pentalide in accordance with end use industry demand and standards. Small fragrance house segment is the fastest growing segments and likely reach USD 5.6 million by 2025. This growth is attributed to growing scope in personal care industry.

On the basis of end use segment, market is by bifurcated into cosmetics, alcohol, toiletries, fabric care and others. Fabric care and toiletries segment were the largest end use segment in 2015. These two segments accounted more than 65% market share by revenue.

Asia Pacific led the overall Pentalide market share and is likely to remain same during forecast period. The growth of the APAC market is largely driven by the growing consumer disposable income and rising health awareness to attain personal hygiene. These trends led to increasing demand for toiletries, cosmetics and fabric care products, which will have subsequent positive impact on the product market demand.

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The industry is highly consolidated with few players accounting more than 60% market share. The some of the notable players in the market are Firmenich, Symrise and Soda Aromatics. The companies spend heavily on R&D activities. For instance, Firmenich invests 10% of its turnover annually in R&D the largest proportion in industry.

About Author

Ravi Chawat . .

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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