Resinoids Market Industry Outlook, Size, Growth Factors and Forecast 2029

Posted September 4, 2023 by NilamMMR

North America region held the highest share in 2021
The Report Resinoids Market by Source (Animal Based, Plant Based, Synthetic), by Product (Benzoin Resinoids, Labdanum Resinoids, Olibanum Resinoids, Orris Resinoids, Myrrh Resinoids, Galbanum Resinoids, Others) and by Application (Food & Beverages, Cosmetics & Personal Care, Perfumes, Pharmaceuticals, Toiletries, Others) The increasing adoption of Resinoids Market as a sustainable and high-performance material drives its market growth.

The global Resinoids Market is on track to achieve significant growth, with a projected size was valued at US$ 230.96 Mn. in 2021 and the total revenue is expected to grow at 4.8% through 2022 to 2029, reaching nearly US$ 336.08 Mn.

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Product segment with the quickest growth

By Product Type, Benzoin Resinoids are the most often used resinoids in the production of cosmetics and fragrances. Benzoin resinoids account for 22% of all resinoids consumed in the perfume manufacturing sector. The food and drug industries make extensive use of labdanum resionoids. When creating perfume and pharmaceutical items, various additional resinoids, including olibanum, orris, myrrh, and galbanum, are added depending on the specifications and needs.

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Food & Beverages, Cosmetics & Personal Care, Perfumes, Pharmaceuticals andToiletries segments based on the type of Application in Resinoids Market

By Applications, this refers to many goods that need resionoids. To enhance the aroma, resionoids are used with food and beverages. Resionoids are mostly used in perfumes and scent goods that are blended with cosmetic and personal care items. Pharmaceutical companies manufacture various sedatives using resionoids. In the production of scented toiletries, resinoids account for 30% of the market for organic scented toiletries.

North America region is positioned as a frontrunner in the Resinoids Market

The consumption of resinoids worldwide and the best regions to concentrate on are both made clear in the figure above. The largest market for resinoids is reportedly in North America. For a variety of reasons, people in this region favour flower essence in cosmetics and personal care items, creating a sizable market for resinoids. North America is a significant market for resinoids because of consumer preference for natural ingredients in food, beverages, and cosmetics.

Resinoids Market Key Players:

• LLUCH ESSENCE, SL • Firmenich SA • Albert Vieille SAS • Ernesto Ventos SA • Bontoux SAS • Synthite Industries Ltd. • Excellentia International Company • Miracle Botanicals • William Bernstein Company • Penta International Corporation • Star Child Glastonbury • M & U International LLC • Botany Essentials Pvt. Ltd. • Appalachian Valley Natural Products • Klingspor • Tyrolit Group • Mirka • Kerona GmbH • Lucky Life AG • Ansh Exports Company

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Tags resinoids market trend , resinoids market demand , resinoids market size , resinoids market analysis
Last Updated September 4, 2023