The global jasmine fragrance market is projected to reach $428.3 billion by 2028, at a CAGR of 4.6% during 2023-2028. The growth of jasmine fragrance market is driven by growing awareness on the harmful effects of synthetic fragrance and huge demand for jasmine-scented soaps and cosmetics because of its many skin benefits, low cost, and calming and soothing effect.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the jasmine fragrance market by product
type (methyl dihydrojasmonate, methyl jasmonate, and others), application
(cosmetic, soap fragrance, perfume, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the jasmine fragrance market?
Q.4 What are some
changing demands of customers in the jasmine fragrance market?
Q.5 What are the new
developments in the jasmine fragrance market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this jasmine fragrance area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this jasmine fragrance market?
Market Segmentation:
Based on product type,
the jasmine fragrance market is segmented into methyl dihydrojasmonate, methyl
jasmonate, and others. The methyl dihydrojasmonate segment accounted for the
largest share of the market in 2023 and is expected to register the highest
CAGR during the forecast period, due to the increasing use of synthetic jasmine
fragrances owing to their chemical composition and ability to function effectively
under difficult environments without losing quality or effectiveness.
North America will
remain the largest region due to the huge demand for personal care products
among populations, growing awareness regarding beauty care products, and increasing
disposable income of the people in the region.
Key Players in the
jasmine fragrance market are Firmenich, Zeon, WanXiang International, Takasago,
and NHU.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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Beauty and Personal Care Surfactants in the Global
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Cosmetic Preservatives in the Global Cosmetic Chemical
Market
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