What is Global Jasmine Fragrance Market?
The Global Jasmine Fragrance Market is a vast and dynamic sector that deals with the production, distribution, and sale of jasmine-based fragrances. This market encompasses a variety of products, including but not limited to, perfumes, soaps, and cosmetic essences, all of which are infused with the enchanting scent of jasmine. The market's global reach is extensive, with products being sold and consumed in various parts of the world. The market's value was estimated at US$ 223.9 million in 2022, and it is projected to grow to US$ 322 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2029.
Methyl Dihydrojasmonate, Methyl Jasmonate, Jasmone, Other in the Global Jasmine Fragrance Market:
The Global Jasmine Fragrance Market is dominated by a few key players, with the top five manufacturers accounting for about 90% of the market. These industry giants have a significant influence on market trends and consumer preferences. The market is also geographically diverse, with Asia-Pacific being the largest consumer of jasmine fragrances, accounting for over 40% of the global market. This can be attributed to the region's cultural affinity for floral scents and the high demand for personal care products.
Cosmetic Essence, Soap and Detergent, Perfume, Others in the Global Jasmine Fragrance Market:
In terms of product types, Methyl Dihydrojasmonate is the most popular, accounting for over 90% of the market. This compound is a synthetic jasmine scent that is widely used in the fragrance industry due to its long-lasting and intense aroma. Other products in the market include Methyl Jasmonate and Jasmone, although their market share is significantly smaller.
Global Jasmine Fragrance Market Outlook:
The largest application field for jasmine fragrances is in cosmetic essences, which accounts for over 50% of the market. These essences are used in a variety of cosmetic products, including creams, lotions, and perfumes, to provide a pleasant and refreshing scent. Other application areas include soaps and detergents, where the fragrance is used to enhance the user experience, and perfumes, where it is a key ingredient.
| Report Metric | Details |
| Report Name | Jasmine Fragrance Market |
| Accounted market size in 2023 | US$ 265 million |
| Forecasted market size in 2029 | US$ 322 million |
| CAGR | 3.3 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Firmenich, Zeon, WanXiang International Limited, Takasago, NHU |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
