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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Benzenoid Market size was valued at US$ 742.2 million in 2022 and is poised to grow at a CAGR of 5.9% from 2023 to 2029. Benzenoids are a class of chemical compounds with at least one benzene ring. These compounds have increased stability due to resonance in the benzene rings. Most aromatic hydrocarbons are benzenoid. The increasing applications across the aroma chemicals, flavor, and fragrance industry is driving the global benzenoid market growth. For instance, benzenoid also known as an aromatic hydrocarbon, has various applications in cosmetics, pharmaceuticals, soaps, and other beauty products. Also, benzenoid is widely used in consumer goods such as detergents, perfumes, hair oils, confectionaries, beverages, and others. Hence, the various applications of benzenoids in different industries will maintain the global benzenoid market trend. Moreover, the shifting flavours & fragrance trends and preferences will fuel the global benzenoid market growth. Also, the growing retail sector in emerging countries and the availability of products such as cosmetics, detergents, soaps, fragrances, and other products will boost the global market growth. However, the increasing health risk associated with chemical compounds may hamper the overall benzenoid market during the forecast period. The compounds are very toxic in nature and some are carcinogenic. Hence, the increasing awareness about chemical products and the trend of using organic natural products will restrain the global benzenoid market growth. Based on the product type, the market can be divided into benzyl acetate, benzoate, chloride, salicylate, benzaldehyde, cinnamyl, vanillin, and others. Geographically, Asia Specific held the major market share in the global benzenoid market and is expected to dominate the global market in the forecasted years.
Study Period
2024-2030Base Year
2023CAGR
5.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The increasing demand for benzenoids in the fragrance industry is driving the global benzenoid market growth. Aroma or fragrance is the essence of every product, and each aroma molecule can be adapted to suit a variety of products and their own signature fragrance. The growing demand for fragrances in haircare, cosmetics, and a variety of personal care products is boosting the overall market growth. Also, the strong marketing strategy of global players is attracting customers across the world with the increasing retail sales and the increasing number of e-commerce platforms. Hence, it will drive global market growth.
Based on regions, the market share is divided into North America, Asia-pacific, Europe, and the Middle East, and the African region. The benzenoid market in the Asia Pacific is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. It is attributed to end-use sectors such as personal care, cosmetics, and processed foods sectors. Also, the high demand for unique flavor and fragrance blends in Asia Specific regions will drive the global benzenoid market growth at a significant rate. Europe also held a major market share in 2021 and is expected to maintain the trend in the upcoming years due to increasing demand for personal care & cosmetics.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 742.2 million |
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Market CAGR |
5.9% |
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By Product Type |
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By Application |
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By Region |
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The benzenoid market size is expected to be valued at US$ 742.2 million in 2022.
The benzenoid market is poised to grow at a significant CAGR of 5.9% from 2022 to 2028.
The leading players in the global benzenoid market are BASF SE, Firmenich SA, International Flavors & Fragrances, Inc., Valtris Specialty Chemicals, Eternis Fine Chemicals Ltd, Symrise AG, Sensient Technologies Corporation, Givaudan, Emerald Kalama Chemical, and Tennants Fine Chemicals Ltd.
Historic years considered for the market study are 2017 through 2021, 2021 is considered as the base year for market estimation and Seven years forecast presented from 2022 – 2028.
Asia Specific is dominating the global benzenoid market.
The fastest-growing segment of the global benzenoid market is the soaps and detergent segment.
| 1. Executive Summary |
| 2. Global Benzenoid Market Introduction |
| 2.1. Global Benzenoid Market Taxonomy |
| 2.2. Global Benzenoid Market Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3. Global Benzenoid Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Benzenoid Market Dynamic Factors - Impact Analysis |
| 3.6. Global Benzenoid Market Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Benzenoid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Benzenoid Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Benzyl Acetate |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Benzoate |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Chloride |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Salicylate |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Benzaldehyde |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Cinnamyl |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Vanillin |
| 5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Others |
| 5.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 6. Global Benzenoid Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Soaps & Detergents |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Personal Care |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Food & Beverage |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Household Care |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Benzenoid Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2023 - 2029 |
| 8. North America Benzenoid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. R Benzyl Acetate |
| 8.1.2. Benzoate |
| 8.1.3. Chloride |
| 8.1.4. Salicylate |
| 8.1.5. Benzaldehyde |
| 8.1.6. Cinnamyl |
| 8.1.7. Vanillin |
| 8.1.8. Others |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Soaps & Detergents |
| 8.2.2. Personal Care |
| 8.2.3. Food & Beverage |
| 8.2.4. Household Care |
| 8.2.5. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 8.5. North America Benzenoid Market Dynamics Trends |
| 9. Europe Benzenoid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. R Benzyl Acetate |
| 9.1.2. Benzoate |
| 9.1.3. Chloride |
| 9.1.4. Salicylate |
| 9.1.5. Benzaldehyde |
| 9.1.6. Cinnamyl |
| 9.1.7. Vanillin |
| 9.1.8. Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Soaps & Detergents |
| 9.2.2. Personal Care |
| 9.2.3. Food & Beverage |
| 9.2.4. Household Care |
| 9.2.5. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Rest of Europe |
| 9.4. Europe Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 9.5. Europe Benzenoid Market Dynamics Trends |
| 10. Asia-Pacific Benzenoid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. R Benzyl Acetate |
| 10.1.2. Benzoate |
| 10.1.3. Chloride |
| 10.1.4. Salicylate |
| 10.1.5. Benzaldehyde |
| 10.1.6. Cinnamyl |
| 10.1.7. Vanillin |
| 10.1.8. Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Soaps & Detergents |
| 10.2.2. Personal Care |
| 10.2.3. Food & Beverage |
| 10.2.4. Household Care |
| 10.2.5. Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Benzenoid Market Dynamics Trends |
| 11. Latin America Benzenoid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. R Benzyl Acetate |
| 11.1.2. Benzoate |
| 11.1.3. Chloride |
| 11.1.4. Salicylate |
| 11.1.5. Benzaldehyde |
| 11.1.6. Cinnamyl |
| 11.1.7. Vanillin |
| 11.1.8. Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Soaps & Detergents |
| 11.2.2. Personal Care |
| 11.2.3. Food & Beverage |
| 11.2.4. Household Care |
| 11.2.5. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 11.5. Latin America Benzenoid Market Dynamics Trends |
| 12. Middle East and Africa Benzenoid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. R Benzyl Acetate |
| 12.1.2. Benzoate |
| 12.1.3. Chloride |
| 12.1.4. Salicylate |
| 12.1.5. Benzaldehyde |
| 12.1.6. Cinnamyl |
| 12.1.7. Vanillin |
| 12.1.8. Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Soaps & Detergents |
| 12.2.2. Personal Care |
| 12.2.3. Food & Beverage |
| 12.2.4. Household Care |
| 12.2.5. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 12.5. MEA Benzenoid Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. BASF SE |
| 13.2.2. Firmenich SA |
| 13.2.3. International Flavors & Fragrances, Inc. |
| 13.2.4. Valtris Specialty Chemicals |
| 13.2.5. Eternis Fine Chemicals Ltd |
| 13.2.6. Symrise AG |
| 13.2.7. Sensient Technologies Corporation |
| 13.2.8. Givaudan |
| 13.2.9. Emerald Kalama Chemical |
| 13.2.10. Tennants Fine Chemicals Ltd. |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.