According to the new research report published by Allied Market Research, the global synthetic musk market was estimated at $134.9 million in 2021, and is projected to reach $187.4 million by 2031, growing at a CAGR of 3.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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By region, Asia-Pacific held the major share in 2021, garnering more than two-fifth of the global synthetic musk market revenue. The same region would also showcase the fastest CAGR of 4.2% from 2022 to 2031. The other provinces assessed through the report include North America, Europe, and LAMEA.
The global synthetic musk market is analyzed across type, end use industry, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By type, the polycyclic musk segment held the largest share in 2021, garnering more than 47.37% of the global synthetic musk market revenue, and is projected to maintain its dominance by 2031. The nitro musk segment, on the other hand, would showcase the fastest CAGR of 3.2% during the forecast period.
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By end use industry, the cosmetics and personal care segment contributed to nearly fifth-seventh of the global synthetic musk market share in 2021, and is projected to rule the roost by 2031. The homecare segment, on the other hand, would display the fastest CAGR of 2.9% throughout the forecast period. The other segments assessed through the report take in food and beverages, and other segments.
The key market players analyzed in the global synthetic musk market report include A M Aromatic & Essential Oils, BARUTI PERFUMES, BMV Fragrances Pvt. Ltd., Düllberg Konzentra GmbH & Co. KG, Firmenich SA., NOMAD NOÉ, S.C. Johnson & Son Inc, The Brooklyn Perfume Company, The Good Scents Company, and Zanos Limited. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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| By Type | Nitro-MuskPolycyclic MuskMacro-Cylic MuskAclicylic MuskOthers |
| By End Use Industry | Cosmetics and Personal CareHomecareFood and BeveragesOthers |
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