Throughout the projection period, the synthetic segment is anticipated to experience substantial expansion.
The global Citronellol Oil Market size was USD 1.4 Billion in 2022 and is expected to reach USD 3.7 Billion in 2032, and register a revenue CAGR of 4.5% during the forecast period. Citronella, geranium, and other Essential Oils contain Citronellol Oil, a naturally occurring acyclic monoterpenoid alcohol. Rising demand for natural and organic components in the fragrance and Cosmetics sectors is one of the major factors driving the market revenue growth.
The demand for natural and organic components is being driven by consumers’ growing knowledge of negative consequences of synthetic chemicals used in personal care and cosmetic goods. With its zesty, floral, and fresh scent, Citronellol Oil is frequently used in fragrance industry. Market revenue growth is being driven by rising demand for natural scents in colognes, perfumes, and other personal care items.
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Major Companies:
- BASF SE
- Kao Corporation
- International Flavors & Fragrances Inc.
- Takasago International Corporation
- Privi Organics India Limited
- Robertet SA
- Symrise AG
- Treatt plc
- Givaudan SA
- Vigon International Inc.
Strategic Development:
- In 2020, BASF SE announced the acquisition of Isobionics, a Netherlands-based biotechnology company that specializes in producing Natural Flavors and fragrances. This acquisition is expected to strengthen BASF’s market position in the natural flavor and fragrance market, including Citronellol Oil.
- In 2020, Takasago International Corporation announced its plan to invest in a new flavor and fragrance production facility in Indonesia. This investment is aimed at expanding the company’s market presence in the Asia Pacific region, including the Citronellol Oil market.
- In 2021, Givaudan SA announced its partnership with Novozymes, a Denmark-based biotechnology company, to develop a new range of natural Fragrance Ingredients. This partnership is aimed at offering sustainable and innovative solutions to the Citronellol Oil market.
Key questions addressed in the report:
- What is the expected market size of the global Citronellol Oil market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Citronellol Oil market?
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Citronellol Oil Market Segmentation:
By Type Outlook:
- Natural Citronellol Oil
- Synthetic Citronellol Oil
By Application Outlook:
- Fragrances
- Personal Care
- Household Care
- Pharmaceuticals
- Food & Beverages
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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