Global Linalool Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Linalool Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Linalool is a terpenoid alcohol found naturally in a variety of plants, flowers and spices. It is a natural substance, a terpenoid alcohol that is biosynthesized as d-, l- or dl-Linalool by a host of plants, specifically many herbs, spices and fruits. Linalool has been produced for many years in high volumes, either from natural precursors or through total chemical synthesis. It is used in vitamin E synthesis, added to processed food and beverages, to perfumes, cosmetics and soaps as well as to household detergents and waxes for its flavouring and fragrant properties. The Linalool market covers Natural Linalool, Synthetic Linalool, etc.

Market Overview:

The latest research study on the global Linalool market finds that the global Linalool market reached a value of USD 529.32 million in 2022. It’s expected that the market will achieve USD 563.95 million by 2028, exhibiting a CAGR of 1.06% during the forecast period.

Market Drivers

Linalool is the core variety in flavors and fragrances. Among the most commonly used and most used spices in the world every year, linalool ranks first almost every year. The flavor and fragrance industry has gradually achieved a rapid and stable development pattern, which is in line with the development level of other supporting industries, such as pharmaceutical industry, food industry, environmental protection industry and beverage industry. In turn, the development of the above-mentioned supporting industries will also play a key role in promoting the development of the flavor and fragrance industry, effectively promoting the development and growth of the flavor and fragrance industry. The spice and essence industry has played an extremely critical role in the production of national life, and has gradually become an important industry closely related to people's life. In the future, with the enhancement of consumer brand awareness and the advancement of technology, the industry concentration will increase significantly. Moreover, with the diversification of the technical structure of flavors and the increase in the technical content of some high-end products, it can be expected that flavors and fragrances will continue to grow in the next few years. Therefore, the development of the flavor and fragrance industry will effectively promote the development of the linalool industry.

Market Challenges

Linalool products are mainly used as raw materials for the preparation of daily chemical essences, and are widely used in the field of daily chemical products. The fragrance and flavor industry belongs to the fine chemical industry. Affected by the macro-economy and the relationship between supply and demand, the growth rate of market demand and product prices will also fluctuate to varying degrees, thus affecting the income and profit levels of linalool products. In addition, there are many types of fragrance products. If the prices of related products continue to rise, some downstream customers may choose other similar products to replace them, which may lead to the risk of declining market demand for linalool products.

Market Restraints

Linalool will produce certain pollutants such as waste water, waste gas and solid waste during the production process. However, with the increasingly stringent requirements for environmental protection and the increasing awareness of social environmental protection, the state and local governments may issue new laws and regulations in the future to improve environmental protection standards and increase the cost of environmental pollution control. If the linalool production company three wastes If the treatment is not up to standard, it may cause certain pollution to the environment, and thus face the risk of environmental protection penalties.
In addition, there are dangerous processes in the production process of linalool, and the operation requirements are relatively high, and there may be the risk of accidental safety accidents due to improper use or operation. If there is negligence in safety management or improper operation of employees, resulting in a safety accident, the linalool production company will be negatively affected. Therefore, safety and environmental protection issues have a certain restrictive effect on the development of the linalool industry.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.

NHU focuses on the research and development, production, sales and service of functional chemicals such as nutritional products, fragrances, and polymer materials. Provide comprehensive solutions for nutrition and health, daily chemical care, transportation, environmental protection, energy and other fields.

The major players operating in the Linalool market include BASF,NHU,Millennium Specialty Chemicals Inc,Symrise and DSM, etc. Among which, BASF ranked top in terms of sales and revenue in 2022.

Segmentation Overview:

The products are divided into Natural Linalool and Synthetic Linalool according to the source of raw materials and production methods. The raw materials of Natural Linalool are derived from plants, and linalool products are obtained by extraction, separation and other methods; the raw materials of Synthetic Linalool are chemicals, and linalool products are obtained through chemical synthesis.

By type, Synthetic Linalool segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Fragrance segment occupied the biggest share from 2017 to 2022.

Linalool is a fragrance compound found in rosewood oil and other essential oils, including petitgrain, coriander and lavender. Its spicy-floral character works perfectly in many different florals. Linalool can be used as a raw material for fragrances in daily chemicals, cosmetics and other industries to adjust odor.

Linalool is a very versatile spice. Used in food flavors, often with lemon, white lemon, sweet orange, grape, cola, pineapple, blackcurrant, peach and plum, cocoa and other flavors.

Key Companies in the global Linalool market covered in Chapter 3:

DSM
Symrise
NHU
Millennium Specialty Chemicals Inc
Jiangxi EAST
Purong Essences
BASF

In Chapter 4 and Chapter 14.2, on the basis of types, the Linalool market from 2018 to 2029 is primarily split into:

Synthetic Linalool
Natural Linalool

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Linalool market from 2018 to 2029 covers:

Flavor
Fragrance

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)