Linalool Market Size To Reach $ 696.2 Million By 2030 |
Portland, OR, October 12, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the linalool market was estimated at 462.6 million in 2020 and is expected to reach $ 696.2 million by 2030, registering a CAGR of 4.2% from 2021 to 2030. The report provides an in-depth analysis of the main pockets of investment, of the best winning strategies, drivers and opportunities, market size and estimates, competitive scenario and hesitant market trends.
The increase in the use of linalool in cosmetics and toiletries and the increased demand for herbal raw materials in various consumer products are driving the growth of the global linalool market. On the other hand, constraints such as low consumer awareness of these industrial products and strict rules against the chemical industries hamper growth to some extent. However, increasing demand for perfumes, body deodorants, soaps and other personal care products is expected to create lucrative opportunities in the industry.
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- The gap between supply and demand, disruptions in the supply of raw materials and price volatility have hampered the growth of the market during the pandemic, especially in the initial phase.
- However, as the global situation improves, the linalool market is expected to pick up soon.
The global linalool market is analyzed by type, application, end user, and region.
On the basis of type, the synthetic segment held the largest share in 2020, garnering 93% of the total market. The natural segment, however, would cite the fastest CAGR of 6.4% during the forecast period.
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By application, the essential oils segment accounted for roughly four-fifths of total market revenue in 2020 and is expected to maintain its dominance through 2030. The sedatives segment, on the other hand, is estimated to experience the fastest CAGR of 4.8% per application. compared to 2021 to 2030.
Depending on the region, the market across Asia-Pacific contributed most in 2020, holding nearly two-fifths of the global market. The same region would also increase at the fastest CAGR of 5.2% from 2021 to 2030.
Major market players analyzed in the Global Linalool Market report include Royal DSM, Arora Aromatics Pvt. Ltd., Phoenix Aromas & Essential Oils LLC., Chemical Point UG, Ernesto Ventós SA, BASF, Symrise, Chemical Point UG, Robertet Group and Menthaallied. These market players have integrated several strategies, including partnership, expansion, collaboration, joint ventures and others, to strengthen their position in the industry.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.