Beta-Damascenone Market

Beta-Damascenone Market Analysis by Natural and Synthetic for Flavoring Agents and Perfuming Agents from 2023 to 2033

Analysis of Beta-Damascenone Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Beta-Damascenone Market Outlook (2023 to 2033)

The global beta-damascenone market accounts for a valuation of US$ 54.73 million in 2023 and is forecasted to reach US$ 83.38 million by the end of 2033. This detailed industry research by Fact.MR predicts worldwide demand for beta-damascenone to rise at 4.3% CAGR over the next ten years (2023 to 2033).

Beta-damascenone or β-Damascenone is a ketone that has a powerful and pleasant fragrance and can be found naturally in roses and grapes. It is primarily used as a fragrance ingredient in the perfumery industry but is a popular ingredient in the food processing sector. The popularity of beta-damascenone in the perfumery sector is projected to reach new heights in the future as the preference for natural aromas rises.

Growing per capita disposable income of people around the world has resulted in high demand for personal care and cosmetic products and the use of clean-label ingredients in these products is on the rise, which is projected to influentially bolster demand for beta-damascenone in the long run. High demand for premium fragrance, expanding food processing industry, the increasing popularity of aromatherapy, and high investments in R&D of new beta-damascenone extraction and beta-damascenone synthesis processes are also slated to bolster market development going forward.

On the flip side, the limited availability of natural sources containing beta-damascenone fragrance, the growing popularity of other synthetic fragrances and aromas, and fluctuations in the supply chain are some key restraints that are troubling beta-damascenone vendors at present and are estimated to be prevalent over the next ten years as well.

  • In 2023, antitrust authorities in the United States and Europe announced the launch of investigations against fragrance giants such as Symrise, Givaudan, International Flavors & Fragrances (IFF), and Firmenich as they were suspected of pricing collusion. On 20th July 2023, Crimson Candle Supplies and other United States-based businesses selling scented products filed a case against the aforementioned fragrance providers.

A more elaborate account of beta-damascenone market trends such as local supply, pricing trends, product standards, safety regulations, and new developments has been discussed extensively in this beta-damascenone market analysis by skilled analysts at Fact.MR, a market research and competitive intelligence provider to give the reader a better understanding of the current and future market scope.

Report Attributes Details

Beta-Damascenone Market Size (2023)

US$ 54.73 Million

Projected Market Value (2033F)

US$ 83.38 Million

Global Market Growth Rate (2023 to 2033)

4.3% CAGR

South Korea Market Value (2033)

US$ 6.42 Million

Historic Global Market Growth Rate (2018 to 2022)

3.2% CAGR

China Market Value (2023)

US$ 15.26 Million

United Kingdom Market Growth Rate (2023 to 2033)

3.9% CAGR

Japan Market Growth Rate (2023 to 2033)

2.6% CAGR

United States Market Value (2)

US$ 32.68 Million

Demand Growth of Synthetic Beta-damascenone (2023 to 2033)

4% CAGR

Key Companies Profiled

  • Organica Aromatics
  • Firmenich SA
  • International Flavors & Fragrances Inc.
  • Axxence Aromatic GmbH

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Why is Beta-Damascenone Demand Soaring in the European Region?

“Surging Popularity of Aromatherapy and Presence of Key Fragrance Manufacturers”

The rapidly expanding perfume and fragrance industry in the European region is projected to create an opportune scenario for beta-damascenone suppliers over the coming years. Growing awareness regarding personal hygiene, rising disposable income, expanding number of high net-worth individuals, high demand for premium personal care products, and increasing preference of consumers for clean label products are other key prospects that are slated to uplift sales of beta-damascenone going forward.

High focus on sustainability is pushing personal care product manufacturers to source their ingredients from natural origins, which in turn, is projected to favor shipments of natural beta-damascenone. Germany, France, Italy, and the United Kingdom are anticipated to emerge as highly opportune moneymaking markets in Europe over the next ten years.

  • Sales of beta-damascenone in the United Kingdom are forecasted to rise at 3.9% CAGR over the next ten years and reach US$ 7.08 million by the end of 2033.

Presence of renowned fragrance and aroma providers such as Givaudan, Axxence Aromatic GmbH, etc. in Europe is also slated to bolster beta-damascenone industry growth across the forecast period and beyond.

  • In September 2022, Axxence Aromatic GmbH, a renowned manufacturer of natural aroma ingredients, announced a long-term R&D collaboration with Wageningen Plant Research (WPR), a renowned Dutch research institution. This was an extension of the partnership between the two organizations that has been going on since 2015.

Beta-Damascenone Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Country-wise Insights

Why are Beta-Damascenone Suppliers Flocking to China and South Korea?

“Surging Popularity of K-Beauty Trends and Booming Demand for Personal Care & Cosmetics”

Recent years have been a testament to the booming popularity of Korean beauty trends owing to the expansive popularity of K-dramas and K-Pop artists around the world. Korean glass skin and other popular skincare trends have gained global acceptance and this has resulted in an upsurge in demand for Korean personal care and beauty products.

Due to the aforementioned factors, the export of cosmetics and beauty products has increased from South Korea thereby creating a favorable scenario for beta-damascenone manufacturers and suppliers.

  • Beta-damascenone demand in South Korea is extrapolated to rise at 5.1% CAGR over the next ten years and rake in a valuation of US$ 6.42 million by the end of 2033.

Beta-damascenone manufacturing companies are also predicted to flock to China owing to the rising middle-class population with increasing per capita disposable income that drives demand for personal care products. The expansion of online retail and e-commerce platforms, the increasing influence of Western and Korean beauty trends, and the rising popularity of aromatherapy for wellness are other factors that could promulgate the demand for beta-damascenone production and supply in China through 2033.

  • Sales of beta-damascenone in China are extrapolated to rise at 4.8% CAGR from 2023 to 2033.

Will the United States be an Investment-worthy Space for Beta-Damascenone Providers?

“Natural & Organic Beauty Movements Creating New Business Scope”

Demand for captivating natural fragrances and aromas in the United States has been increasing rapidly owing to the high preference for organic personal care products by consumers in the country. Consumer preferences in the country are being driven by the awareness created by different beauty movements that promote the use of clean-label and natural ingredients.

  • Consumption of beta-damascenone in the United States is forecasted to reach a market valuation of US$ 32.68 million by the end of 2033.

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Category-wise Insights

Beta-Damascenone from Which Source is Set to Be Most Sought After?

“Preference for Synthetic Beta-damascenone to Exceed Expectations”

Based on source, the global beta-damascenone market is segmented into natural and synthetic.

Synthetic beta-damascenone has a more consistent flavour/aroma, is more cost-effective to manufacture and synthesize, has a lower environmental impact, and this is why the demand for it is projected to soar high across the forecast period and beyond. However, the willingness of consumers to pay extra for organic and natural aroma products is slated to create new opportunities for providers of natural beta-damascenone in the future.

  • From 2023 to 2033, worldwide shipments of synthetic beta-damascenone are projected to rise at 4% CAGR.

Where Will Demand for Beta-Damascenone Increase Substantially High Going Forward?

“Personal Care Formulations to Account for Prominent Beta-damascenone Usage”

The global beta-damascenone market, based on application, is further segmented into personal care formulations and food processing.

The personal care industry has been expanding rapidly in recent years owing to the growing disposable income of the general population and high awareness regarding one’s hygiene and appearance. Beta-damascenone fragrance is a popular one and is used extensively in multiple personal care products such as perfumes, deodorants, shampoos, soaps, etc.

  • Beta-damascenone demand for the formulation of personal care products is set to increase at 4.5% CAGR over the next ten years.

Competitive Landscape

Leading beta-damascenone manufacturers are anticipated to focus on mergers, acquisitions, and collaborations to expand their business potential and improve their stance in the global market landscape.

  • In July 2023, DSM-Firmenich, a leading name in the fragrance industry space, announced that it had completed the acquisition of Adare Biome, a United States-based postbiotic ingredient developer at US$ 304.6 million. The acquisition enhanced Firmenich’s stance in several markets ranging from animal feed to medical nutrition.
  • In April 2023, Givaudan, a renowned manufacturer of flavours and fragrances based in Switzerland, announced that it had completed the acquisition of a cosmetics ingredient line from Amyris Inc., a leading biotechnology firm. Givaudan reinforced its leadership in the biotech world through this acquisition.

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Competitive landscape highlights only certain players
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Key Segments of Beta-Damascenone Industry Research

  • By Source :

    • Natural
    • Synthetic
  • By Function :

    • Flavoring Agents
    • Perfuming Agents
  • By Application :

    • Food Processing
    • Personal Care Formulations
      • Perfumes
      • Shampoos
      • Shower Gels
      • Soaps
      • Detergents
      • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

How big is the beta-damascenone market in 2023?

The global beta-damascenone market is valued at US$ 54.73 million in 2023.

What is the projected beta-damascenone market size for 2033?

Worldwide demand for beta-damascenone is expected to reach a revenue of US$ 83.38 million by 2033-end.

How will beta-damascenone sales fare over the next ten years?

From 2023 to 2033, beta-damascenone sales are forecasted to rise at 4.3% CAGR.

What statistics are listed for beta-damascenone demand in the United States?

Sales of beta-damascenone in the U.S. are anticipated to rise at 4.4% CAGR and reach US$ 32.68 million by 2033-end.

Which beta-damascenone companies are profiled in this Fact.MR research?

Organica Aromatics, Firmenich SA, International Flavors & Fragrances Inc., and Axxence Aromatic GmbH are key market players.

Demand for which type of beta-damascenone will be high going forward?

Synthetic beta-damascenone sales are predicted to rise at 4% CAGR from 2023 to 2033.

Beta-Damascenone Market

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