Dihydrocitronellol Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Dihydrocitronellol Market Analysis :

Dihydrocitronellol is as an odor agent, which is used in cosmetics and residential cleaning products. Dihydrocitronellol offers fresh and natural rosy aroma when added to cosmetic products. It is found in alliaceous plant & trees, juniperusphoenicea extracts, and achyroclinesatureioides. It is a natural extract from flowers. Its eco-friendly nature and natural origin are likely to fuel its demand in the cosmetic industry. 

Increase in concern among consumers regarding the usage of chemical products in their daily lives has boosted the usage of products extracted from flowers. The development  of the cosmetics industry  and rise in awareness against the utilization of chemicals are predicted to propel the growth of the global dihydrocitronellol market during the forecast period.

COVID-19 scenario analysis

The outbreak of COVID-19 has halted the operations of the cosmetic industry. The pandemic has declined the global economy, which, in turn, has resulted in job loss and decrease in the disposable income. The implementation of lockdown has further reduced the demand for cosmetics, as government has restricted social gathering to prevent further spread of the virus. The disruption in supply chain has negatively impacted the market growth. However, the demand for household cleaning products has increased due to rise in awareness about sanitizing houses, which is anticipated to offer remunerative opportunities for the expansion of the dihydrocitronellol market.

Market scenario analysis

Rise in use of organic products is  expected to drive the demand for dihydrocitronellol in near future.  Cosmetic manufacturers have increased adoption of natural ingredients, owing to rise in awareness of the naturally obtained products, which are harmless to  humans. This is probably going to reinforce the usage of the merchandise within the cosmetic products  due to its natural properties. Moreover, stringent regulations imposed by governmental organizations regarding the use of chemicals in cosmetic products is expected to drive the growth of the dihydrocitronellol market significantly during the forecast period. In addition, increase in awareness of private grooming, purchasing power parity, changes in lifestyle, and surge in disposable income are luring the population to spend more over cosmetics and private care. Furthermore, attributed to superior cleaning properties of dihydrocitronellol, the demand for laundry products and dishwashing products is on a considerable rise. The merchandise provides a natural rose fragrance to the ultimate product, and hence is majorly utilized in the cleaning segment. However, the limitation in cultivation can result in a shortage within the production. This is likely to  result in a slower growth of the global dihydrocitronellol market. Furthermore, availability of raw materials in specific locations hinders  the global dihydrocitronellol market growth, due to high export and import prices.

Regional insights

Region wise, the global dihydrocitronellol market is analyzed across Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa. Rise in demand for cosmetics and residential cleaning products in countries such as India and China is anticipated to propel the growth of the global dihydrocitronellol market within the Asia-Pacific region. However, North America and Europe are expected to grow significantly due to implementation of stringent regulations on the usage of chemicals ingredients in cosmetics products in these regions. the production of cosmetics has been rising steadily in countries in Latin America and Middle East & Africa over the previous few years, which is anticipated to significantly contribute toward the growth of the global market.

Key benefits of the report

• This study presents the analytical depiction of the global dihydrocitronellol industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global dihydrocitronellol market share.
• The current market is quantitatively analyzed to highlight the global dihydrocitronellol market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global dihydrocitronellol market research report:

• Which are the leading players active in the dihydrocitronellol market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Dihydrocitronellol Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights