The Perillaldehyde market share is projected to reach US$ 131.5 Mn in 2032. The growing demand from various end-use industries such as pharmaceutical, cosmetics, food and beverages, and industrial manufacturing.
According to FMI, the Perillaldehyde market is estimated to be valued at US$ 93.3 Mn in 2022 and is projected to increase at a CAGR of 3.9 % in the forecast period from 2022 to 2032.
| Attributes | Details |
|---|---|
| Market Size (2021) | US$ 90.1 Million |
| Market Size 2022 | US$ 93.3 Million |
| Market Size 2032 | US$ 131.5 Million |
| Value CAGR (2022 to 2032) | 3.9% |
Perillaldehyde usually referred to as perilla aldehyde, is a typical component of the herb perilla. It is present in a wide variety of other plants and essential oils. Perillaldehyde is a volatile liquid that is used to flavour food and gives spice to perfumes and is easily transformed into perilla alcohol, which is mostly used in perfumery to create fragrances.
In Japan, the oxime of Perillaldehyde is employed as an artificial sweetener. Perillaldehyde comes in liquid form and is a light yellow tint. It smells somewhat like cinnamon or mint. Both synthetically and spontaneously Perillaldehyde can be created. The food and beverage sector uses Perillaldehyde the most frequently for a variety of purposes. Perillaldehyde has been used for many years in a variety of industries, including water treatment, cosmetics, and personal care.
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The analysis of Perillaldehyde demand from 2017 to 2021 showed a historical growth rate of less than 2.7% CAGR, with the general expansion of the food & beverage & pharmaceutical industry due to an increase in consumer income, urbanization as well a growing population.
The COVID-19 pandemic first caused recessionary downturns that temporarily dashed growth expectations through fewer industrial manufacturer sales, retail closings, production cycle interruptions, and stringent regulations.
However, since infection curves have flattened from 2022, industrial production activity in important markets has restarted. As a result, FMI’s Perillaldehyde demand projection predicts a CAGR of 3.9% by 2032. Additionally, it is employed in many different fields, including flavouring agents, perilla alcohol manufacture, cosmetics, pharmaceuticals, and other industries, and utilized in several other industries across the world.
The market for Perillaldehyde is expected to rise as a result of the trend toward adopting a fast-paced lifestyle, which has increased the consumption of packaged and processed foods. Sales of cosmetics and personal care items have increased as a result of rising disposable money and a greater propensity among young people to style, maintain good cleanliness and beautify themselves for improved self-representation.
Therefore, it is estimated that the increasing consumption of cosmetics and personal care products will increase the demand for Perillaldehyde. Water and waste treatment are modern aspects of every city. Increasing government initiatives and increasing awareness of hygiene and sanitation are increasing the number of water treatment projects, which is expected to have a positive impact on the growth of the market.
The global food and beverage industry's rapid expansion is the main driver of the Perillaldehyde market's expansion. The increase in consumer spending and the growth of the urban population have led to changes in food choices and eating patterns. Rapid growth in industrial activities especially in developing countries is expected to have a positive impact on market growth.
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Stringent government regulations banning the use of toxic chemicals and increasing demand for organic products made from natural ingredients are limiting the growth of the Perillaldehyde market.
Many countries only allow the sale of items mainly for food that is considered safe for use. This approval often takes a long time and limits opportunities for expansion. In addition, some cosmetic and medicinal chemicals can cause genetic mutations, birth defects or reproductive disorders, genetic mutations, and cancer, all of which are expected to limit the market growth.
Increased research and development activities by market players aiming to develop advanced and diversified product portfolios may provide new opportunities for the growth of the Perillaldehyde market.
Natural Perillaldehyde is a natural organic compound that has been used for over 100 years. It is found in plants and has a sweet, woody scent. And this compound can be used in various applications such as fragrance, production of perilla alcohol, cosmetics, and pharmaceuticals. It is also used in various regions around the world.
The growing demand for cosmetics, food and beverage, and pharmaceutical industries as well as increasing consumer’s perspective toward natural products is anticipated to boost the demand for natural Perillaldehyde.
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Geographically, the market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, and MEA. Asia-Pacific is considered to be the most important market for Perillaldehyde and is expected to hold the largest share in the near future. The growth of the Perillaldehyde market in the Asia-Pacific region is expected to be driven by growth in the food and beverages, cosmetics and personal care, and water treatment industries.
The Perillaldehyde market is expected to grow moderately in the North American region. Various factors underlying the growth of the Perillaldehyde market in the region are the dominance of end-consumer industries, and increasing consumption of processed foods, cosmetics, and personal care products, among others.
Moreover, the implementation of government incentive policies to boost manufacturing growth is expected to act as a major driver of product demand in the region. Increased investments in manufacturing activities in Europe are expected to boost the demand for Perillaldehyde in the upcoming forecast period. Also, increasing consumption of processed foods is expected to boost market growth in the region.
Key players operating in the Perillaldehyde market include Hunan Farida Technology, Inoue Perfumery MFG, Nanjing Lianye Chemical, Guangzhou Ri Hua Flavour & Fragrance, Broadreach, Merck K GAA, Penta Manufacturing Company, TCI Chemicals India Ltd, and Triveni Chemicals
The Perillaldehyde market is highly consolidated, with a limited number of large-scale vendors having the lion's share. The primary strategies taken by the key players in the food, pharmaceutical, and Perillaldehyde market are product expansion and mergers and acquisitions.
They also engage in mergers and acquisitions and collaborations while obtaining regulatory permissions.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of XX% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Tons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Grade, source, Application, End-Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Aurora Fine Chemicals LLC; Broadreach; Guangzhou Ri Hua Flavorand Fragrance; Hunan Farida Technology; Inoue Perfumery MFG; Merck KGaA; Nanjing Lianye Chemical; Penta Manufacturing Company; TCI Chemicals India Ltd; Triveni Chemicals |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Perillaldehyde market reached over US$ 90.1 Mn.
During the forecast period, the Perillaldehyde market is estimated to expand at a CAGR of 4.1% during 2022-2032.
The Perillaldehyde market is projected to reach US$ 131.5 Mn by the end of 2032.
China is projected to lead the Perillaldehyde market in the forecast period.
The key players operating in the Perillaldehyde market are Aurora Fine Chemicals LLC, Guangzhou Ri Hua Flavour and Fragrance., Hunan Farida Technology, TCI Chemicals India Ltd, and Penta Manufacturing Company.
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Perillaldehyde Market
