Methyl Dihydrojasmonate (CAS24851-98-7) Market
According to a new report published by Introspective Market Research, titled, “Methyl Dihydrojasmonate (CAS24851-98-7) Market by Purity, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2024–2032,”
the global Methyl Dihydrojasmonate (CAS24851-98-7) market size was valued at $ 167.09 million in 2023, and is projected to reach $ 273.32 million by 2032, registering a CAGR of 5.62 % from 2024 to 2032.
Methyl dihydrojasmonate (CAS 24851-98-7) is a synthetic compound commonly used in perfumery for its sweet, floral aroma reminiscent of jasmine. It is used to give a variety of household and personal care items a persistent scent. Methyl dihydrojasmonate deepens scents and improves the olfactory experience with its unique aroma character. The synthetic scent chemical Methyl Dihydrojasmonate, with the CAS number 24851-98-7, is frequently used in the fragrance and taste industries. Known for its fruity and floral scent, it is an essential ingredient in colognes, perfumes, and other personal care products.
The Methyl Dihydrojasmonate Market is segmented into Purity, Application, End-User, and region. By Purity, the market is categorized into Purity 95% and Purity 97%. By Application, the market is categorized into Cosmetic Essence, Soap Compound, and Perfume. By End-User, the market is categorized into Household, Commercial, and Industrial. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Due to growing awareness of methyl dihydrojasmonate's (MDHJ) benefits over synthetic scents, the market for MDHJ is expanding significantly. Consumer awareness of the possible negative effects synthetic components may have on their health and the environment has increased demand for natural and nature-inspired fragrance compounds such as MDHJ. With its fruity and flowery undertones, MDHJ offers a pleasing substitute for synthetic smells in products like makeup, perfumes, and personal hygiene items.
The market for methyl dihydrojasmonate (MDHJ) is expected to gain substantially from consumer inclinations toward natural and organic scents. Growing consumer awareness of environmental and health issues is driving a movement for sustainable and clean beauty product alignment. This need is met by MDHJ, a nature-inspired aroma molecule that offers a strong substitute for synthetic perfumes.
Global Methyl Dihydrojasmonate (CAS24851-98-7) Market, Segmentation
The Methyl Dihydrojasmonate (CAS24851-98-7) market is segmented on the basis of Purity, Application, End-User, and region.
Application:
The Application segment is further classified into Cosmetic Essence, Soap Compound, Perfume. Among these, the Cosmetic Essence sub-segment accounted for the highest market share in 2023. The Methyl Dihydrojasmonate (MDHJ) market is poised for dominance by the cosmetic essence segment, which holds a significant market share in the fragrance and taste sector. MDHJ is an essential component of many cosmetic products, such as lotions, colognes, perfumes, and skincare products, because of its alluring flowery and fruity undertones. The formulation of cosmetics that provide a pleasing and unforgettable sensory experience is highly valued in the business, and MDHJ's aromatic profile easily meets these requirements.
End-User:
The End-User segment is further classified into Household, Commercial, Industrial. Among these, the Household sub-segment is anticipated to show the fastest growth by 2032. With the biggest market share, the household segment has established itself as the main driver of the methyl dihydrojasmonate (MDHJ) market. MDHJ, which is well-known for its pleasant floral and fruity notes, is increasingly used in home products including room sprays, air fresheners, and cleaning supplies. Because of its ability to provide a pleasant, lingering scent, it is the go-to option for enhancing the olfactory experience in homes.
Region:
The Methyl Dihydrojasmonate (CAS24851-98-7) market in Asia-Pacific is projected to show the fastest growth by 2032. The market for methyl dihydrojasmonate (MDHJ) is expected to be led by Asia Pacific, which will have a major impact on both production and consumption. The region's supremacy can be linked to the growing demand for flavors and perfumes in nations like China, India, and Japan, which is being fueled by changing consumer preferences and rising disposable incomes. Demand for MDHJ as an essential ingredient in skincare products, fragrances, and other uses is rising as the cosmetic and personal care sectors in Asia Pacific thrive.
Some of the leading Methyl Dihydrojasmonate (CAS24851-98-7) market players are
- Bedoukian Research, Inc. (US)
- Sensient Technologies Corporation (US)
- Berje Inc. (US)
- Deep Space Food Company (US)
- Planetary Resources (US)
- Foreverest Resources Ltd. (Canada)
- Firmenich (Switzerland)
- Givaudan (Switzerland)
- Symrise AG (Germany)
- Augustus Oils Ltd. (UK), and Other Active Players.
Key Industry Developments
- In July 2024, Givaudan, the global leader in Fragrance and Beauty, announced that it had completed the acquisition of b.kolormakeup & skincare (b.kolor), an innovative Italian company specializing in developing and producing finished makeup and skincare products for Consumer Packaged Goods, Indie Brands, and Luxury Goods consumers.
- In March 2024, DSM-Firmenich, innovators in nutrition, health, and beauty, opened a new pilot plant in Plainsboro, New Jersey, designed to enable collaboration with customers. The pilot facility was part of DSM-Firmenich's Taste, Texture & Health Business Unit and supported the company's commitment to accelerate global diet transformation. The plant provided food and beverage brands with the capabilities to create enjoyable eating and drinking experiences that were healthier for people and more sustainable for the planet.
Key Findings of the Study / Key Industry Developments.
- Increasing consumer awareness of natural and nature-inspired fragrance compounds.
- The market is divided into Purity 95% and Purity 97%.
- Applications include Cosmetic Essence, Soap Compound, and Perfume.
