Dihydrocitronellol Market Plying for Significant Growth During 2024
Dihydrocitronellol
is found in wild onion trees, juniperus phoenicea extracts, and
achyrocline satureioides. It is a natural extract of flowers.
Dihydrocitronellol is further used as an odor agent in cosmetics and
home cleaning products. Dihydrocitronellol offers fresh and natural
rosy aroma when added to cosmetic products.
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Based
on application, the dihydrocitronellol market can be classified into
cosmetics and home cleaning. Home cleaning can be further
sub-segmented into laundry and dishwashing applications. Rise in
awareness among consumers regarding the usage of
environmentally-friendly products in cosmetics is expected to fuel
the demand for dihydrocitronellol in the near future. Several
government organizations have been implementing stringent regulations
regarding the usage of chemical ingredients in cosmetic products. The
environmentally-friendly nature of dihydrocitronellol is anticipated
to positively impact cosmetic manufacturers.
This,
in turn, is estimated to enhance the usage of dihydrocitronellol
during the forecast period. Furthermore, the home cleaning
application is projected to create positive outlook for
dihydrocitronellol. Demand for home cleaning products such as laundry
products and dishwashing products has been increasing since the last
few years owing to its superior cleaning properties.
Dihydrocitronellol is an environmentally-friendly ingredient; hence,
the final products are harmless to consumers. This, in turn, is
predicted to boost the dihydrocitronellol market. There has been an
increase in consumer concerns regarding the usage of chemical
products in their daily lives. Hence, the usage of products extracted
from flowers is likely to lead to positive consumer sentiment in the
near future.
Asia
Pacific is anticipated to be a highly lucrative market for
dihydrocitronellol in the next few years primarily due to the
increasing demand for cosmetics and home cleaning products in
developing countries such as India and China. Large scale cosmetics
manufacturer are operating in North America and Europe.
Implementation of stringent regulations on the usage of chemicals
ingredients in cosmetics products in these regions is expected to
propel the dihydrocitronellol market. Additionally, production of
cosmetics has been rising steadily in countries in Latin America and
Middle East & Africa since the last few years. The
dihydrocitronellol market in countries such as India, China, and
Brazil offer immense growth potential.
Rise
in population in developing countries, increase in disposable income,
and growth in purchase parity of consumers are driving the cosmetics
market in these countries. This, in turn, is creating an optimistic
outlook for the global dihydrocitronellol market. The usage of home
cleaning products has been rising steadily since the last few years.
Dihydrocitronellol provides natural rose fragrances to final
products. This is expected to enhance the usage of dihydrocitronellol
in home cleaning products. Thus, demand for dihydrocitronellol in
cosmetics and home cleaning industries is projected to increase at a
steady pace in the next few years.
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Key
players operating in the dihydrocitronellol market include Takasago
International Corporation, The Good Scents Company, S. C. Johnson &
Son, Inc., and M. P. Aromas.
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