Cyclopentadecanolide Market size was valued at USD 13.9 Billion in 2023 and is predicted to cross USD 21.1 Billion by the end of 2036, expanding at more than 5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cyclopentadecanolide is estimated at USD 16.2 Billion.
The reason behind the growth is the rising demand for fragrances across the world. According to the International Fragrance Association released in the year 2023, farmers, the chemical industry, merchants, and makers of consumer products, all benefit from the fragrance industry's value generation and employment support. It also opens doors for our suppliers and consumers.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
5% |
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Base Year Market Size (2023) |
USD 13.9 Billion |
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Forecast Year Market Size (2036) |
USD 21.1 Billion |
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Regional Scope |
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Fragrance House (Big, Medium, Small)
Big segment is set to hold pentalide (cyclopentadecanolide) market share of more than 50% by 2036, With the most market share in 2023, the big fragrance house segment is leading the industry which will increase at a CAGR of 4.5% by the end of 2036. The expansion of big fragrance houses like Firmenich International, Symrise AG, etc. will lead to immense growth of the segment during the projected period.
For instance, the successful merger of DSM and Firmenich, together with the subsequent establishment of a new business that unites one of the biggest innovation and creative communities in nutrition, health, and beauty, was confirmed on May 9, 2023. DSM-Firmenich, with around 30,000 employees and unparalleled expertise from more than a century of state-of-the-art research, will create magic in the field of fragrances and flavors with this partnership.
Product (Toiletries, Detergents, Fabric Softeners, Industrial & Household Cleaners, Personal Care Products, Fine Fragrances, Alcohol)
In pentalide (cyclopentadecanolide) market, toiletries segment is likely to capture revenue share of over 37% by 2036. Cyclopentadecanolide industry size for toiletries is expected to increase at a CAGR of around 5% at the end of 2036. This development will be noticed due to the increased awareness of hygiene amongst people around the world.
According to the World Health Organization, in 2022, 57% of the world's population (4.6 billion) used a sanitation service that was safely managed; 33% (2.7 billion) used private sanitation facilities that were connected to sewers and treated wastewater; 21% (1.7 billion) used latrines or toilets where excreta was disposed of in a safe manner in-place; and 88% of all people (7.2 billion) used at least a basic sanitation service.
Our in-depth analysis of the global cyclopentadecanolide market includes the following segments:
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Fragrance House |
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Product |
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End-Use Industry |
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APAC Market Statistics
Asia Pacific pentalide (cyclopentadecanolide) market is projected to hold revenue share of more than 40% by 2036. Moreover, the APAC cyclopentadecanolide industry is projected to increase at a CAGR of almost 6% during the projected period.
The rising disposable income in the developing countries of Asia Pacific will directly drive the cyclopentadecanolide market during the anticipated period. According to the Singapore Department of Statistics, nominal growth in personal disposable income in the fourth quarter of 2023 was 4.9% year over year, which was less than the 7.2% increase in the preceding quarter. The slower rise in employee remuneration is the reason for the growth deceleration.
Cyclopentadecanolide is especially in actual demand in China, driven by the rising population of this country. China's population is estimated to have decreased from 1.412 billion in the 2020 census to 1.409 billion in 2023.
In Korea, cyclopentadecanolide will encounter massive growth because of the country’s increasing inclination towards organic self-care. As stated by the International Trade Association, South Korea, one of the top 10 beauty markets in the world in terms of global pentalide market share, is expected to have a USD 3.9 billion market in 2022; total domestic production and total exports fell by around 18.4% and 2.2%, respectively, from the year before.
The cyclopentadecanolide sector will also be huge in Japan due to the increasing urbanization in this region. Japan's urbanization rate has remained around 91.9% over the past decade i.e. from 2014 to 2024, which is higher than the global average of 55%.
North American Market Analysis
The pentalide (cyclopentadecanolide) market in the North America region will notice significant growth through 2036. This growth will be noticed mainly due to increasing consumers of alcohol in this region and cyclopentadecanolide for giving fragrance to the alcohol. The rate of drinking increases somewhat to 65% when it is limited to individuals who are 21 years of age or older and of legal drinking age nationwide. In fact, the rising use of different beverages like alcohol, soft drinks, sodas, and cannabis beverages will increase the expansion of the industry in this region.
The pentalide market has expanded in the U.S. as a result of the increasing use of industrial and household cleaning agents. With an anticipated revenue of USD 7.90 billion in 2024, the United States dominates the household cleaners industry when compared to other nations worldwide.
The Canadian cyclopentadecanolide's development mainly lies in increasing customer awareness towards the durability, and effectiveness of a product. According to a survey conducted in the year 2023 the environmental effect of the food that they consume is a concern for 61% of Canadian consumers whereas 64% of those surveyed said they plan to pay greater attention to what they get for their money.
Leading companies are concentrating on enhancing the features and specifications of cyclopentadecanolide in addition to forming alliances, mergers, and acquisitions to broaden their product offerings. A few of the key players in the cyclopentadecanolide market are:
Author Credits: Rajrani Baghel
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