The factors that propel the growth of the market include increasing demand from end users, growing urbanization, increasing R&D activities.
(businesspress24) - Global mixed odoriferous substance market is anticipated to witness an exponential growth in the forecast period. Odoriferous substance are organic compounds with characteristic odors used in the production of numerous cosmetic goods, and perfume, soaps, food products, and synthetic washing preparations.
The factors that propel the growth of the market include increasing demand from end users, growing urbanization, increasing R&D activities. On the other hand, there are factors that may hamper the growth of the market including high cost. The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Market could be explored by product type, application, and geography. Market could be explored by product type as Mixed odoriferous substances for other industrial use and Mixed odoriferous substances for drink and food industries. The key applications by mixed odoriferous substance market include mixtures of aromatic essential oils and chemicals as a perfume base, (Synthetic perfumery compounds), and food or drink industries (artificial flavoring essences).
Europe accounted for the major share of the mixed odoriferous substance market in 2017 and will continue to lead in the forecast period. Germany and France were among the foremost global suppliers. The factors that could be attributed to the growth include increasing demand. Europe is followed by the Asia-Pacific region. In addition, China and Singapore are the leading regions of the Asia-Pacific region.
Some of the key players that fuel the growth of the mixed odoriferous substance industry comprise Gupta Co Pvt Ltd, Beta Chemicals, Ffc Aromas Private Limited, Firmenich Aromatics India Pvt Ltd and Keva Fragrances Pvt Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Date: 08/09/2019 - 11:20
Language: English
News-ID 1551317
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Freigabedatum: 09.08.2019
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