Cyclopentadecanolide Market Share

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.