

Growth is driven by increasing demand in flavors, fragrances, and as an intermediate in pharmaceutical and agrochemical applications.
MARKET SIZE (2024):
APPROXIMATELY USD 31.23
MILLION
PROJECTED MARKET SIZE (2032): AROUND USD 46.84
MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 4.63% DURING THE FORECAST PERIOD.
By Type
By Application
Fragrance & Perfume
Pharmaceutical Intermediate
Flavoring Agent
Agrochemical Intermediate
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
Emerging market due to rising cosmetics use.
Strong market presence driven by cosmetics and pharmaceuticals.
Steady growth from fragrance and agrochemical industries.
Leading region with high demand in flavors and fragrances.