The global synthetic musk market was valued 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.
Synthetic musks are a class of synthetic aroma compounds used primarily in different consumer products, scents, and in perfumes to replicate the smell of deer musk and other animals such as castoreum, louisianan musk rat and civet cat. It has a wide range of applications in various end use industries such as cosmetics, toiletries, soaps & detergent, and many others.
The rapid shift in the consumer lifestyle, growing trends for personal grooming products, increase in the demand for luxurious, exotic, and premium fragrances, and rise in the demand for home fragrances and home décor products has escalated the overall growth of the synthetic musk market. For instance, according to an article published by India Brand Equity Foundation in June 2019, the global home fragrance industry was estimated at around USD 7.2 billion in 2018 and expected to grow at a CAGR of 4.0% during the forecast period. Synthetic musk is extensively used in household dust-cleaning products owing to its ubiquity and attractive fragrance. These factors may act as one of the key drivers responsible for the growth of synthetic musk in the market.
Synthetic musk is used primarily in different perfumes to replicate the smell of deer musk. However, synthetic fragrances are manufactured using petroleum-based chemicals which includes aldehyde, phthalate, benzene, and others using such synthetic fragrances may have an adverse effect on human such as it may cause, allergic reactions, asthma, headache, and others. These factors are expected to restrain the overall market growth. In addition, high R&D costs and stringent government regulations imposed on the manufacturing of synthetic musk-based products are anticipated to hamper the growth of the market during the forecast period.
Natural musk is obtained from plants and animals, particularly from male deer and from a cat with a musk civet. To get a natural musk, the manufacturer must kill the deer. Since the deer musk is forbidden to obtain and kill owing to which several leading key players have increased their production capacities for synthetic musk. In addition, the Indian government has set up an act and regulation in 1972 under the federal Wildlife (Protection) Act which states that hunting deer for natural musk is illegal. Furthermore, high prices associated with the extraction process of natural musk from animals are expected to create new opportunities for synthetic musk markets. Synthetic musk is being used as an alternative to natural musk. This factor is anticipated to fuel market growth; thus, offering the most lucrative opportunities.
Key Findings:
Synthetic musks are a class of synthetic aroma compounds used primarily in different consumer products, scents, and in perfumes to replicate the smell of deer musk and other animals such as castoreum, louisianan musk rat and civet cat. It has a wide range of applications in various end use industries such as cosmetics, toiletries, soaps & detergent, and many others.
The rapid shift in the consumer lifestyle, growing trends for personal grooming products, increase in the demand for luxurious, exotic, and premium fragrances, and rise in the demand for home fragrances and home décor products has escalated the overall growth of the synthetic musk market. For instance, according to an article published by India Brand Equity Foundation in June 2019, the global home fragrance industry was estimated at around USD 7.2 billion in 2018 and expected to grow at a CAGR of 4.0% during the forecast period. Synthetic musk is extensively used in household dust-cleaning products owing to its ubiquity and attractive fragrance. These factors may act as one of the key drivers responsible for the growth of synthetic musk in the market.
Synthetic musk is used primarily in different perfumes to replicate the smell of deer musk. However, synthetic fragrances are manufactured using petroleum-based chemicals which includes aldehyde, phthalate, benzene, and others using such synthetic fragrances may have an adverse effect on human such as it may cause, allergic reactions, asthma, headache, and others. These factors are expected to restrain the overall market growth. In addition, high R&D costs and stringent government regulations imposed on the manufacturing of synthetic musk-based products are anticipated to hamper the growth of the market during the forecast period.
Natural musk is obtained from plants and animals, particularly from male deer and from a cat with a musk civet. To get a natural musk, the manufacturer must kill the deer. Since the deer musk is forbidden to obtain and kill owing to which several leading key players have increased their production capacities for synthetic musk. In addition, the Indian government has set up an act and regulation in 1972 under the federal Wildlife (Protection) Act which states that hunting deer for natural musk is illegal. Furthermore, high prices associated with the extraction process of natural musk from animals are expected to create new opportunities for synthetic musk markets. Synthetic musk is being used as an alternative to natural musk. This factor is anticipated to fuel market growth; thus, offering the most lucrative opportunities.
Key Findings:
- The nitro musk type segment is estimated to display the second largest growth rate, in terms of revenue, registering a CAGR of 3.2% from 2022 to 2031.
- The homecare end use industry segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 2.5% from 2022 to 2031.
- Europe garnered the second highest share of 32% in 2021, in terms of revenue, growing at a CAGR of 2.9%
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the synthetic musk market analysis from 2021 to 2031 to identify the prevailing synthetic musk market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the synthetic musk market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global synthetic musk market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Nitro-Musk
- Polycyclic Musk
- Macro-Cylic Musk
- Aclicylic Musk
- Others
By End Use Industry
- Cosmetics and Personal Care
- Homecare
- Food and Beverages
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- BARUTI PERFUMES
- BMV Fragrances Pvt. Ltd
- Firmenich SA.
- S.C. Johnson and Son Inc.
- NOMAD NOE
- Zanos Limited
- The Brooklyn Perfume Company
- Dllberg Konzentra GmbH and Co. KG
- A M Aromatic and Essential Oils
- The Good Scents Company
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. High threat of new entrants
3.3.5. High intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Robust demand for synthetic musk from home care industry
3.4.1.2. Increase in the use of synthetic musk in the cosmetics industry.
3.4.2. Restraints
3.4.2.1. Side effect associated with synthetic musk
3.4.3. Opportunities
3.4.3.1. High prices associate with natural musk
3.5. COVID-19 Impact Analysis on the market
3.6. Patent Landscape
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
CHAPTER 4: SYNTHETIC MUSK MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Nitro-Musk
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Polycyclic Musk
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Macro-Cylic Musk
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Aclicylic Musk
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
4.6. Others
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis by country
CHAPTER 5: SYNTHETIC MUSK MARKET, BY END USE INDUSTRY
5.1. Overview
5.1.1. Market size and forecast
5.2. Cosmetics and Personal Care
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Homecare
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Food and Beverages
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: SYNTHETIC MUSK MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key trends and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by End Use Industry
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Key market trends, growth factors and opportunities
6.2.4.1.2. Market size and forecast, by Type
6.2.4.1.3. Market size and forecast, by End Use Industry
6.2.4.2. Canada
6.2.4.2.1. Key market trends, growth factors and opportunities
6.2.4.2.2. Market size and forecast, by Type
6.2.4.2.3. Market size and forecast, by End Use Industry
6.2.4.3. Mexico
6.2.4.3.1. Key market trends, growth factors and opportunities
6.2.4.3.2. Market size and forecast, by Type
6.2.4.3.3. Market size and forecast, by End Use Industry
6.3. Europe
6.3.1. Key trends and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by End Use Industry
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Key market trends, growth factors and opportunities
6.3.4.1.2. Market size and forecast, by Type
6.3.4.1.3. Market size and forecast, by End Use Industry
6.3.4.2. UK
6.3.4.2.1. Key market trends, growth factors and opportunities
6.3.4.2.2. Market size and forecast, by Type
6.3.4.2.3. Market size and forecast, by End Use Industry
6.3.4.3. France
6.3.4.3.1. Key market trends, growth factors and opportunities
6.3.4.3.2. Market size and forecast, by Type
6.3.4.3.3. Market size and forecast, by End Use Industry
6.3.4.4. Spain
6.3.4.4.1. Key market trends, growth factors and opportunities
6.3.4.4.2. Market size and forecast, by Type
6.3.4.4.3. Market size and forecast, by End Use Industry
6.3.4.5. Italy
6.3.4.5.1. Key market trends, growth factors and opportunities
6.3.4.5.2. Market size and forecast, by Type
6.3.4.5.3. Market size and forecast, by End Use Industry
6.3.4.6. Rest of Europe
6.3.4.6.1. Key market trends, growth factors and opportunities
6.3.4.6.2. Market size and forecast, by Type
6.3.4.6.3. Market size and forecast, by End Use Industry
6.4. Asia-Pacific
6.4.1. Key trends and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by End Use Industry
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Key market trends, growth factors and opportunities
6.4.4.1.2. Market size and forecast, by Type
6.4.4.1.3. Market size and forecast, by End Use Industry
6.4.4.2. India
6.4.4.2.1. Key market trends, growth factors and opportunities
6.4.4.2.2. Market size and forecast, by Type
6.4.4.2.3. Market size and forecast, by End Use Industry
6.4.4.3. Japan
6.4.4.3.1. Key market trends, growth factors and opportunities
6.4.4.3.2. Market size and forecast, by Type
6.4.4.3.3. Market size and forecast, by End Use Industry
6.4.4.4. South Korea
6.4.4.4.1. Key market trends, growth factors and opportunities
6.4.4.4.2. Market size and forecast, by Type
6.4.4.4.3. Market size and forecast, by End Use Industry
6.4.4.5. Australia
6.4.4.5.1. Key market trends, growth factors and opportunities
6.4.4.5.2. Market size and forecast, by Type
6.4.4.5.3. Market size and forecast, by End Use Industry
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Key market trends, growth factors and opportunities
6.4.4.6.2. Market size and forecast, by Type
6.4.4.6.3. Market size and forecast, by End Use Industry
6.5. LAMEA
6.5.1. Key trends and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by End Use Industry
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Key market trends, growth factors and opportunities
6.5.4.1.2. Market size and forecast, by Type
6.5.4.1.3. Market size and forecast, by End Use Industry
6.5.4.2. Saudi Arabia
6.5.4.2.1. Key market trends, growth factors and opportunities
6.5.4.2.2. Market size and forecast, by Type
6.5.4.2.3. Market size and forecast, by End Use Industry
6.5.4.3. South Africa
6.5.4.3.1. Key market trends, growth factors and opportunities
6.5.4.3.2. Market size and forecast, by Type
6.5.4.3.3. Market size and forecast, by End Use Industry
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Key market trends, growth factors and opportunities
6.5.4.4.2. Market size and forecast, by Type
6.5.4.4.3. Market size and forecast, by End Use Industry
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1. A M Aromatic and Essential Oils
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.2. BARUTI PERFUMES
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.3. BMV Fragrances Pvt. Ltd
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.4. Dllberg Konzentra GmbH and Co. KG
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.5. Firmenich SA.
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.6. S.C. Johnson and Son Inc.
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.7. The Brooklyn Perfume Company
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.8. The Good Scents Company
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.9. NOMAD NOE
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.10. Zanos Limited
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
List of Tables
Table 01. Global Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 02. Global Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 03. Synthetic Musk Market for Nitro-Musk, by Region, 2021-2031 (Revenue, $Million)
Table 04. Synthetic Musk Market for Nitro-Musk, by Region, 2021-2031 (Volume, Tons)
Table 05. Synthetic Musk Market for Polycyclic Musk, by Region, 2021-2031 (Revenue, $Million)
Table 06. Synthetic Musk Market for Polycyclic Musk, by Region, 2021-2031 (Volume, Tons)
Table 07. Synthetic Musk Market for Macro-Cylic Musk, by Region, 2021-2031 (Revenue, $Million)
Table 08. Synthetic Musk Market for Macro-Cylic Musk, by Region, 2021-2031 (Volume, Tons)
Table 09. Synthetic Musk Market for Aclicylic Musk, by Region, 2021-2031 (Revenue, $Million)
Table 10. Synthetic Musk Market for Aclicylic Musk, by Region, 2021-2031 (Volume, Tons)
Table 11. Synthetic Musk Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 12. Synthetic Musk Market for Others, by Region, 2021-2031 (Volume, Tons)
Table 13. Global Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 14. Global Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 15. Synthetic Musk Market for Cosmetics and Personal Care, by Region, 2021-2031 (Revenue, $Million)
Table 16. Synthetic Musk Market for Cosmetics and Personal Care, by Region, 2021-2031 (Volume, Tons)
Table 17. Synthetic Musk Market for Homecare, by Region, 2021-2031 (Revenue, $Million)
Table 18. Synthetic Musk Market for Homecare, by Region, 2021-2031 (Volume, Tons)
Table 19. Synthetic Musk Market for Food and Beverages, by Region, 2021-2031 (Revenue, $Million)
Table 20. Synthetic Musk Market for Food and Beverages, by Region, 2021-2031 (Volume, Tons)
Table 21. Synthetic Musk Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 22. Synthetic Musk Market for Others, by Region, 2021-2031 (Volume, Tons)
Table 23. Synthetic Musk Market, by Region, 2021-2031 (Revenue, $Million)
Table 24. Synthetic Musk Market, by Region, 2021-2031 (Volume, Tons)
Table 25. North America Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 26. North America Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 27. North America Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 28. North America Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 29. North America Synthetic Musk Market, by Country, 2021-2031 (Revenue, $Million)
Table 30. North America Synthetic Musk Market, by Country, 2021-2031 (Volume, Tons)
Table 31. U.S. Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 32. U.S. Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 33. U.S. Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 34. U.S. Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 35. Canada Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 36. Canada Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 37. Canada Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 38. Canada Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 39. Mexico Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 40. Mexico Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 41. Mexico Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 42. Mexico Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 43. Europe Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 44. Europe Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 45. Europe Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 46. Europe Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 47. Europe Synthetic Musk Market, by Country, 2021-2031 (Revenue, $Million)
Table 48. Europe Synthetic Musk Market, by Country, 2021-2031 (Volume, Tons)
Table 49. Germany Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 50. Germany Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 51. Germany Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 52. Germany Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 53. UK Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 54. UK Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 55. UK Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 56. UK Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 57. France Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 58. France Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 59. France Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 60. France Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 61. Spain Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 62. Spain Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 63. Spain Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 64. Spain Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 65. Italy Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 66. Italy Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 67. Italy Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 68. Italy Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 69. Rest of Europe Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 70. Rest of Europe Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 71. Rest of Europe Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 72. Rest of Europe Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 73. Asia-Pacific Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 74. Asia-Pacific Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 75. Asia-Pacific Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 76. Asia-Pacific Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 77. Asia-Pacific Synthetic Musk Market, by Country, 2021-2031 (Revenue, $Million)
Table 78. Asia-Pacific Synthetic Musk Market, by Country, 2021-2031 (Volume, Tons)
Table 79. China Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 80. China Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 81. China Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 82. China Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 83. India Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 84. India Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 85. India Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 86. India Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 87. Japan Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 88. Japan Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 89. Japan Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 90. Japan Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 91. South Korea Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 92. South Korea Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 93. South Korea Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 94. South Korea Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 95. Australia Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 96. Australia Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 97. Australia Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 98. Australia Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 99. Rest of Asia-Pacific Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 100. Rest of Asia-Pacific Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 101. Rest of Asia-Pacific Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 102. Rest of Asia-Pacific Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 103. LAMEA Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 104. LAMEA Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 105. LAMEA Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 106. LAMEA Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 107. LAMEA Synthetic Musk Market, by Country, 2021-2031 (Revenue, $Million)
Table 108. LAMEA Synthetic Musk Market, by Country, 2021-2031 (Volume, Tons)
Table 109. Brazil Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 110. Brazil Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 111. Brazil Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 112. Brazil Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 113. Saudi Arabia Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 114. Saudi Arabia Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 115. Saudi Arabia Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 116. Saudi Arabia Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 117. South Africa Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 118. South Africa Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 119. South Africa Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 120. South Africa Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 121. Rest of LAMEA Synthetic Musk Market, by Type, 2021-2031 (Revenue, $Million)
Table 122. Rest of LAMEA Synthetic Musk Market, by Type, 2021-2031 (Volume, Tons)
Table 123. Rest of LAMEA Synthetic Musk Market, by End Use Industry, 2021-2031 (Revenue, $Million)
Table 124. Rest of LAMEA Synthetic Musk Market, by End Use Industry, 2021-2031 (Volume, Tons)
Table 125. A M Aromatic and Essential Oils: Key Executives
Table 126. A M Aromatic and Essential Oils: Company Snapshot
Table 127. A M Aromatic and Essential Oils: Product Segments
Table 128. A M Aromatic and Essential Oils: Product Portfolio
Table 129. Baruti Perfumes: Key Executives
Table 130. Baruti Perfumes: Company Snapshot
Table 131. Baruti Perfumes: Product Segments
Table 132. Baruti Perfumes: Product Portfolio
Table 133. Bmv Fragrances Pvt. Ltd: Key Executives
Table 134. Bmv Fragrances Pvt. Ltd: Company Snapshot
Table 135. Bmv Fragrances Pvt. Ltd: Product Segments
Table 136. Bmv Fragrances Pvt. Ltd: Product Portfolio
Table 137. Dllberg Konzentra GmbH and Co. Kg: Key Executives
Table 138. Dllberg Konzentra GmbH and Co. Kg: Company Snapshot
Table 139. Dllberg Konzentra GmbH and Co. Kg: Product Segments
Table 140. Dllberg Konzentra GmbH and Co. Kg: Product Portfolio
Table 141. Firmenich Sa.: Key Executives
Table 142. Firmenich Sa.: Company Snapshot
Table 143. Firmenich Sa.: Product Segments
Table 144. Firmenich Sa.: Product Portfolio
Table 145. S.C. Johnson and Son Inc.: Key Executives
Table 146. S.C. Johnson and Son Inc.: Company Snapshot
Table 147. S.C. Johnson and Son Inc.: Product Segments
Table 148. S.C. Johnson and Son Inc.: Product Portfolio
Table 149. The Brooklyn Perfume Company: Key Executives
Table 150. The Brooklyn Perfume Company: Company Snapshot
Table 151. The Brooklyn Perfume Company: Product Segments
Table 152. The Brooklyn Perfume Company: Product Portfolio
Table 153. The Good Scents Company: Key Executives
Table 154. The Good Scents Company: Company Snapshot
Table 155. The Good Scents Company: Product Segments
Table 156. The Good Scents Company: Product Portfolio
Table 157. Nomad Noe: Key Executives
Table 158. Nomad Noe: Company Snapshot
Table 159. Nomad Noe: Product Segments
Table 160. Nomad Noe: Product Portfolio
Table 161. Zanos Limited: Key Executives
Table 162. Zanos Limited: Company Snapshot
Table 163. Zanos Limited: Product Segments
Table 164. Zanos Limited: Product Portfolio
List of Figures
Figure 01. Synthetic Musk Market, 2021-2031
Figure 02. Segmentation of Synthetic Musk Market, 2021-2031
Figure 03. Top Investment Pockets in Synthetic Musk Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalsynthetic Musk Market
Figure 10. Patent Analysis by Company
Figure 11. Patent Analysis by Country
Figure 12. Pricing Analysis: Synthetic Musk Market 2021 and 2031
Figure 13. Regulatory Guidelines: Synthetic Musk Market
Figure 14. Value Chain Analysis: Synthetic Musk Market
Figure 15. Synthetic Musk Market, by Type, 2021 (%)
Figure 16. Comparative Share Analysis of Synthetic Musk Market for Nitro-Musk, by Country 2021-2031 (%)
Figure 17. Comparative Share Analysis of Synthetic Musk Market for Polycyclic Musk, by Country 2021-2031 (%)
Figure 18. Comparative Share Analysis of Synthetic Musk Market for Macro-Cylic Musk, by Country 2021-2031 (%)
Figure 19. Comparative Share Analysis of Synthetic Musk Market for Aclicylic Musk, by Country 2021-2031 (%)
Figure 20. Comparative Share Analysis of Synthetic Musk Market for Others, by Country 2021-2031 (%)
Figure 21. Synthetic Musk Market, by End Use Industry, 2021 (%)
Figure 22. Comparative Share Analysis of Synthetic Musk Market for Cosmetics and Personal Care, by Country 2021-2031 (%)
Figure 23. Comparative Share Analysis of Synthetic Musk Market for Homecare, by Country 2021-2031 (%)
Figure 24. Comparative Share Analysis of Synthetic Musk Market for Food and Beverages, by Country 2021-2031 (%)
Figure 25. Comparative Share Analysis of Synthetic Musk Market for Others, by Country 2021-2031 (%)
Figure 26. Synthetic Musk Market by Region, 2021
Figure 27. U.S. Synthetic Musk Market, 2021-2031 ($Million)
Figure 28. Canada Synthetic Musk Market, 2021-2031 ($Million)
Figure 29. Mexico Synthetic Musk Market, 2021-2031 ($Million)
Figure 30. Germany Synthetic Musk Market, 2021-2031 ($Million)
Figure 31. UK Synthetic Musk Market, 2021-2031 ($Million)
Figure 32. France Synthetic Musk Market, 2021-2031 ($Million)
Figure 33. Spain Synthetic Musk Market, 2021-2031 ($Million)
Figure 34. Italy Synthetic Musk Market, 2021-2031 ($Million)
Figure 35. Rest of Europe Synthetic Musk Market, 2021-2031 ($Million)
Figure 36. China Synthetic Musk Market, 2021-2031 ($Million)
Figure 37. India Synthetic Musk Market, 2021-2031 ($Million)
Figure 38. Japan Synthetic Musk Market, 2021-2031 ($Million)
Figure 39. South Korea Synthetic Musk Market, 2021-2031 ($Million)
Figure 40. Australia Synthetic Musk Market, 2021-2031 ($Million)
Figure 41. Rest of Asia-Pacific Synthetic Musk Market, 2021-2031 ($Million)
Figure 42. Brazil Synthetic Musk Market, 2021-2031 ($Million)
Figure 43. Saudi Arabia Synthetic Musk Market, 2021-2031 ($Million)
Figure 44. South Africa Synthetic Musk Market, 2021-2031 ($Million)
Figure 45. Rest of LAMEA Synthetic Musk Market, 2021-2031 ($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap: Synthetic Musk Market
Figure 52. Top Player Positioning, 2021
Executive Summary
According to the report titled, “Synthetic Musk Market," The synthetic musk market was valued at $134.9 million in 2021, and is estimated to reach $187.4 million by 2031, growing at a CAGR of 3.4% from 2022 to 2031.Synthetic musks are chemical compounds mainly obtained from synthetic chemicals such as nitro compounds, polycyclic musk, alicyclic musk, and others. In addition, it imparts attractive fragrance and odor due to which it is used in the formulation of various fast moving consumer products that includes, deodorants, perfumes, soaps, surfactants, detergent, shampoo, and many others. It has a wide range of applications in various end use industries such as cosmetics, toiletries, soap & detergent, and others.
Synthetic musks are obtained in laboratories and these do not contain any organic or natural source. These are long lasting and cheap as compared to natural aromas. In additrion, key factors such as improvement in the standard of living, the positive effect of beauty and personal care products on self-esteem, and the rapid shift of consumers toward sustainable and affordable products spurred the cosmetic industry. For instance, according to an article published by Cosmetics Europe in the year 2021, it is estimated that the cosmetics and personal care industry brings at least €29 billion in added value to the European economy annually €11 billion is contributed directly by the manufacture of cosmetic products and €18 billion indirectly through the supply chain. The growing demand for synthetic musk-containing cosmetics products has spurred the demand for synthetic chemicals such as nitro-musk, polycyclic, and among others. It has been widely used in the cosmetics sector for the formulation of body soaps, shampoos, cosmetic products, perfumes, and others. Sustainability, environment-friendly, affordability, and non-toxic properties of synthetic musk are driving the overall market growth for the synthetic musk market during the forecast period.
According to an article published by Campaign for Safe Cosmetics, synthetic musk tends to bioaccumulate in the environment and has been detected in human breast milk, body fat, blood, and umbilical cords. Thus, synthetic musk compounds can disrupt cell functioning and hormone systems. Furthermore, environmental concerns have motivated Japan to ban musk xylene and other nitro-mask. This may act as a challenging factor for the growth of the synthetic musk market.
The rapid shift in the consumer lifestyle, growing trends for personal grooming products, increase in the demand for luxurious, exotic, and premium fragrances, and rise in the demand for home fragrances and home décor products has escalated the overall growth of the synthetic musk market. For instance, according to an article published by India Brand Equity Foundation in June 2019, the global home fragrance industry was estimated at around USD 7.2 billion in 2018 and expected to grow at a CAGR of 4.0% during the forecast period. Synthetic musk is extensively used in household dust-cleaning products owing to its ubiquity and attractive fragrance. These factors may act as one of the key drivers responsible for the growth of synthetic musk in the market; thus, offering most lucrative opportunities for the market.
Key Market trend:
The synthteic musk market is in a growth phase and is experiencing intense competition from industry participants. In order to attract attention and keep ahead of the competition, market participants are producing unique synthteic musk whioch impart same odour as deer musk. For instance, BMV Fragrances Pvt. Ltd., and Firmenich SA., offer nitro musk-based products such as MUSCENONE DELTA and Nitrolide (perfumery base) which replicates a decent smell as natural musk. In addition, the Indian government has set up an act and regulation in 1972 under the federal Wildlife (Protection) Act which states that hunting deer for natural musk is illegal due to which several key manufcatueres are activley engaged in syntheising chemical derived synthteic musk. This key market trend is projected to boost the makret growth.Key Findings
- By type, the market is segregated into nitro musk, polycyclic musk, macrocyclic musk, alicyclic musk, and others. The polycyclic musk segment dominated the global market, in terms of revenue in 2021, with 47% of total share.
- By end use industry, the market is fragmented into cosmetic and personal care, homecare, food and beverages, and others. The cosmetic and personal care end use industry segment dominated the global market, with 73% of the total share in 2021.
- Region-wise, the synthetic musk market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific synthetic musk market size is projected to grow at the highest CAGR during the forecast period, and accounted for a 41% of the total share.
- Key players operating in the global synthetic musk market include A M Aromatic & Essential Oils, BARUTI PERFUMES, BMV Fragrances Pvt. Ltd., Düllberg Konzentra Gmb
- H & Co. KG, Firmenich SA., NOMAD NOÉ, S.C. Johnson & Son Inc, The Brooklyn Perfume Company, The Good Scents Company, and Zanos Limited.
Companies Mentioned
- BARUTI PERFUMES
- BMV Fragrances Pvt. Ltd
- Firmenich SA.
- S.C. Johnson and Son Inc.
- NOMAD NOE
- Zanos Limited
- The Brooklyn Perfume Company
- Dllberg Konzentra GmbH and Co. KG
- A M Aromatic and Essential Oils
- The Good Scents Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 400 |
| Published | December 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 134.9 million |
| Forecasted Market Value ( USD | $ 187.4 million |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
