Citronellal Market Report

Market Insights

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

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What is Citronellal?

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 grade, it can be categorized as pharmaceutical grade, food grade and industrial grade.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted 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.

Key Players

Key players operating in the Citronellal Market are-

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

Market Dynamics

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.

Segment’s Analysis

Application Trends

Based on application, 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 segment growth can be attributed to increasing demand for food products with expanding populace across the geographies particularly developing countries.

Regional Trends

By region, the Asia-Pacific Citronellal 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 North America region is expected to grow at a considerable CAGR during the review on account of presence of established end-use industries.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the citronellal market. Following are the critical questions answered in the report.

• What are the key trends in the Citronellal market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on Citronellal market?
• What are the key strategies adopted by the major vendors to lead in the Citronellal market?
• What is the market share of the top vendors?

Target Audience

The target audience of Citronellal Market includes-

• Citronellal Vendors
• Citronellal Manufacturers
• Citronellal Distributors
• Organizations
• Government Bodies

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