What is Global Synthetic Citral Market?
The Global Synthetic Citral Market is a vast and dynamic sector that deals with the production and distribution of synthetic citral, a key ingredient used in various industries. Synthetic citral, also known as 3,7-dimethyl-2,6-octadienal, is a chemical compound that is primarily used as a flavor and fragrance agent. It is artificially produced and is a cheaper alternative to natural citral, which is derived from lemongrass and other citrus fruits. The global market for synthetic citral is driven by its extensive use in the food and beverage, cosmetics, and pharmaceutical industries. The market's growth is also influenced by factors such as technological advancements in production methods, increasing consumer demand for synthetic citral-based products, and the rising popularity of synthetic flavors and fragrances. The global synthetic citral market is a complex network of manufacturers, distributors, and consumers, all of whom play a crucial role in its functioning and growth.
96-98% Purity, 99% Purity in the Global Synthetic Citral Market:
The Global Synthetic Citral Market is segmented based on purity levels, with 96-98% purity and 99% purity being the primary segments. The 96-98% purity segment comprises synthetic citral products that have a purity level of 96-98%. These products are commonly used in applications that do not require high purity levels, such as flavoring agents in food and beverages, and as fragrance agents in cosmetics. On the other hand, the 99% purity segment includes synthetic citral products with a purity level of 99%. These products are typically used in high-end applications that require superior quality and purity, such as pharmaceuticals and high-end cosmetics. The demand for both these segments is influenced by factors such as consumer preferences, application requirements, and regulatory standards.
Vitamin, Menthol, Spices, Others in the Global Synthetic Citral Market:
The Global Synthetic Citral Market finds its usage in various areas such as vitamins, menthol, spices, and others. In the vitamin industry, synthetic citral is used in the production of Vitamin A and Vitamin E, which are essential nutrients for human health. In the menthol industry, it is used as a flavoring agent in products like toothpaste, mouthwash, and chewing gum. In the spice industry, synthetic citral is used to enhance the flavor and aroma of various spices. It is also used in other industries like cosmetics, where it is used as a fragrance agent, and in the food and beverage industry, where it is used as a flavoring agent. The usage of synthetic citral in these areas is driven by its cost-effectiveness, versatility, and the growing consumer demand for synthetic flavor and fragrance products.
Global Synthetic Citral Market Outlook:
In 2023, the global Synthetic Citral market was valued at US$ 326.7 million. It is projected to reach a value of US$ 471 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period from 2024 to 2030. In 2019, the demand for synthetic citral was distributed across various sectors. The spice industry accounted for 10.23% of the demand, the vitamin industry accounted for 66.52%, and the menthol industry accounted for 18.96%. These figures indicate the significant role of synthetic citral in these industries and its growing importance in the global market.
| Report Metric | Details |
| Report Name | Synthetic Citral Market |
| Accounted market size in 2023 | US$ 326.7 million |
| Forecasted market size in 2030 | US$ 471 million |
| CAGR | 5.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, Kuraray, Zhejiang NHU |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
