[FURL=https://www.industryarc.com/Report/15281/adoxal-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Adoxal Market[/FURL] size is expected to be valued at US$1.5 billion by the end of the year 2026 and is set to grow at a CAGR of 3.4% during the forecast period from 2021-2026. The changing lifestyle of younger generation coupled with the increase in emphasis on physical appearance and personal grooming is one of the significant factors driving the growth of the adoxal market in developed countries. Adoxal is generally derived from adoxa moschatellina, a species of flowering plant which is widely used in the production of perfumes.Key Takeaways
Asia-Pacific market held the largest share in the adoxal market owing to the growth of the personal care industry in countries like India, China, South Korea and Japan.
The increase in demand for perfumes and fragrance products across the world is one of the significant factors driving the adoxal market, as hydrogenated pseudoionone, a type of adoxal is widely used in the production of perfumes.
The increase in the growth of the detergent industry is also one of the driving factors of the adoxal market, as Givaudan ambrettolide is used in the production of detergents and soaps.
Download Sample Report @ [FURL]www.industryarc.com/pdfdownload.php?id=15281[/FURL]
Adoxal Market Segment Analysis – By Geography
Asia-Pacific region held the largest share of 30% in the adoxal market in the year 2020. The rapid growth of population in countries like India and China coupled with the increase in the awareness for physical appearance and personal grooming among the young and middle age population is one of the significant factors driving the adoxal market in the Asia Pacific region. The increase in the demand and use for cosmetics in the Asia Pacific region is one of the significant factors driving the adoxal market in the Asia Pacific region. According to the recent data available in the reports published by Cosmetic Europe, the total sales of cosmetics in the Asian countries, Japan, India, China and South Korea amounted to US$122.91 billion in the year 2019, an increase of 8.44% from US$113.34% in the year 2018. This is driving the adoxal market in the Asia Pacific region.
Adoxal Market Drivers
Increasing Demand from personal care industry
Increasing demand form homecare application
Adoxal Market Industry Outlook
Facility expansion, acquisitions and mergers, collaborations, production expansion, partnerships, investments, are some of the key strategies adopted by players in the Adoxal Market. Major players in the Adoxal Market include Givaudan, Mane SA, Sensient Flavors and Fragrances Group, Robertet SA, Wild Flavors, Firmenich SA, Takasago International Corporation, Symrise, Sensient Technologies, Firmenich SA, International Flavors & Fragrances among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.