The global Lauric Aldehyde Market is projected to grow with CAGR of 5.1% during the forecast period of 2017 to 2025.
Lauric aldehyde is a colorless liquid with an intense floral odor. It is soluble in alcohol and is majorly used in perfumery. It is also known by various other names such as lauraldehyde, dodecanal, and dodecylaldehyde. Generally, citrus fruit oils are the major source of lauric aldehyde, however, commercially it is produced by the dehydrogenation of dodecanal. It occurs in peel oil from citrus species and kumquat. It can be found in ginger, scallop, coriander, and chervil. Lauric aldehyde is majorly used as a flavoring agent and as additive in perfumes.
The global lauric aldehyde market is majorly driven by the consumers changing habits, taste & preference in food and change in lifestyle. Rising demand from end use industries including personal care & cosmetics is likely to drive the lauric aldehyde market due to change in income trends, demographic and perception of style. Adoption of customized fragrances and high spending on personal grooming are also the driving factors for lauric aldehyde market growth. However, price fluctuation, high cost, and scarcity of product might act as the restraining factors for product market growth.
LAURIC ALDEHYDE MARKET DETERMINANTS-IMPACT ANALYSIS, 2017 Vs. 2022
The global lauric aldehyde market is segmented on the basis of type, application and geography. By type, the market is segmented as food grade and industrial grade. On the basis of application, the market is segmented as drinks & food, cosmetics, and personal care products. Geographically, the market is bifurcated as North America, China, Europe, and Japan.
GLOBAL LAURIC ALDEHYDE MARKET REVENUE AND GROWTH RATE, 2017-2022
Some major market players of the lauric aldehyde market are Indukern, SRS Aromatics, Vigon international, Fleurchem, and Kalpsutra chemicals.
LAURIC ALDEHYDE MARKET SEGMENTATION
• Food grade
• Industrial grade
• Drinks & Food
• Personal care products
• North America
LAURIC ALDEHYDE KEY MARKET PLAYERS
• SRS Aromatics
• Vigon international
• Kalpsutra chemicals