3 vital trends driving pentalide market forecast through 2025

8:53 AM, 6th February 2021
An increased adoption across numerous applications will yield significant market share for pentalide in the overall macrocyclic industry.

An increased adoption across numerous applications will yield significant market share for pentalide in the overall macrocyclic industry. Growing awareness among people as well as various pro-market regulations is likely to bolster the consumption of the compound in the next few years.

Pentalide or cyclopentadecanolide occurs as a natural musk and is derived from angelica root. It is extracted from chemical synthesis processes and is distributed across several end-use establishments to cater to commercial and industrial demands. The product is mainly used in cosmetics and toiletries items to act as a fragrance, fixative and flavoring ingredient.

As per reports, global pentalide market size is expected to reach more than $17 million in yearly evaluation by 2025. Leading participants supplying pentalide products contribute to over 60 percent of the industry share. The firms are focused on major investments in R&D activities. For instance, Firmenich, Swiss fragrance and flavor company, makes investments of over 10 percent of its turnover per year in R&D processes. Some of the other leading competitors are, Symrise and Soda Aromatics.

Small fragrance houses to amass significant shares:

Pentalide market can be split into small, big and medium fragrance houses. The big fragrance segment can be treated as one of the large segments in the overall pentalide market, pegged to substantially rise over the next few years. The growth can be attributed towards the high capacity of the fragrance house to generate pentalide with regard to supplying the product in several application demands.

Annual revenues from small fragrance houses will reach over $5.6 million in annual valuation through 2025, for its quick growth rate and increasing scope in the personal care sector.

Increased consumption from cosmetics and toiletries:

Owing to environment-friendly and biodegradable properties, pentalide is found to be ideal for consumption in cosmetic end-use products. The overall market can be bifurcated into alcohol, cosmetics, toiletries, fabric care, and others based on applications. The fabric care and toiletries segment dominated the industry, contributing more than 65 percent of the revenue share in 2015.

Rapidly expanding middle-class population across the APAC and African region along with a stirred demand for premium products will add impetus to the pentalide consumption.

Expanding market across the Asia Pacific region:

Regionally, the Asia Pacific market emerged with the largest revenue for the overall cyclopentadecanolide industry, projected to stir at a steady growth rate up to 2025, owing to inclined health awareness to attain personal hygiene among people. A significant increase in disposable incomes in emerging countries of India, Brazil, Indonesia and Malaysia will lead to higher adoption of personal care products in the near time.

Asia can be regarded as a leading and high potential market for cosmetics and toiletries. Improved socio-economic factors across the world and supply of environment-friendly products from end-users are some more factors influencing the demand for cyclopentadecanolide.

Increased manufacturing prices and risks of replacements from other macrocycle musks, owing to lower costs of synthesis, will hamper the industrial growth to some extent. Also, the presently challenging COVID-19 crisis has witnessed slowed production and demand for many chemicals and products, urging manufacturing companies to focus on other prime supplies. For instance, Symrise witnessed a growth in sales in the first quarter of 2020 for higher consumption of savory, bakery, and cereals at home during the most active days in the pandemic.

Get detailed analysis on the Pentalide Market: https://www.gminsights.com/request-sample/detail/4327

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Arun Hegde

Corporate Sales, USA

Global Market Insights Inc.

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