Citronellal Market Analysis | 2021-2026

“The Citronellal Market is estimated to grow from a healthy CAGR of 5.35% during the forecast period.”

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Market Dynamics

Introduction

Citronellal is defined as a aldehyde with a chemical formula C₁₀H₁₈O. It is derived from citronella oil. It is being widely used in perfumes, drugs and food products. Based on grades, it can be categorized as pharmaceutical grade, food grade and industrial grade.

Market Drivers

The global growth of citronellal market size is primarily driven by widespread product usage in food & beverage and personal care & cosmetics industries. Increasing product demand in the manufacturing of drugs is expected to propel the market growth substantially during the forecast period.

In addition to this, rising product use in industrial applications is likely to create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact

The outbreak of COVID-19 significantly impacted on the materials supply chains, international trade, and manufacturing operations across the world. The production of Citronellal declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

Segments Analysis

Application Trends

“The food additives application segment dominates the market during the forecast period.”

The citronellal market has been divided into food additives, perfumes, drugs and others.  The food additives application segment accounted for the largest market share in 2020. The growth can be attributed to increasing demand for food products with an expanding populace across geographies particularly in developing countries.

Regional Analysis

“The Asia-Pacific market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period.”

The regional market growth can be attributed to the significant growth of the food & beverage and personal care & cosmetics industries in the region. The market growth in the North America region is expected to grow at a considerable CAGR during the review on account of the presence of established end-use industries.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the citronellal market (arranged alphabetically).

• Alfa Aesar (US)
• Crescent Chemical Co., Inc. (US)
• Kalpsutra Chemicals Pvt. Ltd. (India)
• Kanta Enterprises Private Limited (India)
• Mainchem (China)
• NATIONAL ANALYTICAL CORPORATION (India)
• Parchem Fine & Specialty Chemicals (US)

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

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