Global Neryl Acetate demand is anticipated to be valued at US$ 1.82 Billion in 2022, forecast to grow at a CAGR of 4% to be valued at US$ 2.7 Billion in 2032. The rising demand for flavors and perfumes in developed and emerging markets is a major factor driving the growth of the global neryl acetate market.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 1.65 Billion |
| Expected Market Value (2022) | US$ 1.82 Billion |
| Anticipated Forecast Value (2032) | US$ 2.7 Billion |
| Projected Growth Rate (2022-2032) | 4% CAGR |
Neryl acetate is a complex chemical compound that is commonly found in citrus oils. Neryl acetate has sweet, soapy, fruity, floral, and citrus notes and is primarily used in flavors and perfumery for fruity and floral applications. It is commonly used in jasmine and neroli fragrances, and it is also a chemical with the IUPAC names 3,7-dimethylocta-2 and 6-dien-1-yl acetate.
As a result of increased demand and low production, the price of neryl acetate in the flavors and perfumery market is rising. It is more expensive than geranyl acetate and has a stronger odor than geranyl acetate. They are also available in various concentrations on the market, which determines their cost and fragrance performance. Some of the key applications of neryl acetate include alcoholic perfume, antiperspirants, deodorants, lotions, creams, liquid soap, shampoos, liquid detergents, candles, and incense.
Rising per capita income spending by the population in luxury items and stationery is pushing the demand for high end perfumes and other personal care products, rising continuous changing consumer tests in terms of fragrances and rising demand for unique fragrances from growing population in Asian countries, improving economies in numerous countries, and rising demand for unique fragrances is driving market growth.
Furthermore, rising market research and development activities, as well as technological advancements in manufacturing techniques, will create new opportunities for the neryl acetate market during the forecast period.
Citrus oils are the primary source of neryl acetate. Citrus oils are derived from a variety of fruits and plants. Extraction of essential oils is a time-consuming process, and achieving a proper yield of essential oils is a difficult task.
Asia-Pacific dominates the neryl acetate market due to rising population and changing consumer tastes in terms of fragrances, as well as rising demand for unique fragrances from growing populations in some of the countries in this region.
According to Future Market Insights, Europe is expected to be the fastest growing region in terms of neryl acetate market growth due to rising demand for flavors and perfumes from this region due to rising disposable income.
Some of the key participants present in the global Neryl Acetate market include Takasago, Privi Organic India Limited, Prasol Chemicals Pvt. Ltd, The Good Scents Company, PRODASYNTH SAS, BERJE INC., Citrus and Allied Essences Ltd, Acros Organics N.V., Terpenes UK, Glentham Life Sciences Limited and Augustus Oils Ltd.
| Report Attribute | Details |
| Growth Rate | CAGR of 4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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FMI projects the global Neryl Acetate market to expand at a 4% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic Neryl Acetate market.
Takasago, Privi Organic India Limited and Prasol Chemicals Pvt. Ltd are some prominent Neryl Acetate manufacturers
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Neryl Acetate Market
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