Benzyl Salicylate Market Analysis

  • Report ID: 4103
  • Published Date: Mar 31, 2023
  • Report Format: PDF, PPT

Benzyl Salicylate Market Analysis

Purity (<99%, 98%)

The global benzyl salicylate market is segmented and analyzed for demand and supply by purity into <99% and 98%. Out of these segments, the 98% purity segment is estimated to gain the largest market share by the end of year 2035. Benzyl salicylate is a naturally occurring compound found in many plants and fruits, and its use as a flavoring agent and preservative has been increasing over the past decade due to its low cost and efficacy. Additionally, as it is highly soluble in ethanol, it is commonly used in food products that require a high degree of purity, such as candy and baked goods. As per FDA approvals, benzyl salicylate must be found at least in 98% of the concentration in food products containing it. Further, 98% purity benzyl salicylate has a low odor threshold, making it a great choice for food and beverage manufacturers looking to enhance the flavor of their products. It is also a versatile additive, allowing manufacturers to create a range of flavors and textures. In addition, its long shelf life makes it an attractive option for food and beverage producers looking to extend the shelf life of their products. In light of all these factors, segment growth is expected to be fuelled during the forecast period.

End-user (Hair Care Products, Skin Care Products, Pharmaceuticals & Nutraceuticals)

The global benzyl salicylate market is also segmented and analyzed for demand and supply by end user into hair care products, skin care products, pharmaceuticals & nutraceuticals. Out of these segments, the skin care products segment is estimated to gain the largest market share by the end of year 2035. The growth of the segment can be attributed to the growing trend of using natural ingredients in skin care products, increasing demand for organic skin care products and the rising demand for anti-aging products. Additionally, the growing influence of social media is driving more people to use skin care products, as more people are exposed to beauty trends, influencers, and advertisements. The rise of online shopping has also made it easier for people to purchase skin care products, as they no longer need to go to a physical store. As a result, demand for skin care products has steadily increased, which is expected to boost revenue in coming years. Skincare products account for 43% of cosmetics sales, which makes them the biggest segment in the industry. A further 8% increase was seen in 2022 in sales of men's skincare products. Benzyl Salicylate is also a natural anti-inflammatory, which can help reduce swelling and redness. It is also known to be non-irritating, making it an ideal ingredient for sensitive skin. As more people become conscious of their skin health and look for natural, organic skin care products, the demand for skin products containing benzyl salicylate is likely to continue to grow.

 Our in-depth analysis of the global market includes the following segments:

      By Purity

  • <99%
  • 98% 

     By End User

  • Hair Care Products
  • Skin Care Products
  • Pharmaceuticals & Nutraceuticals 
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Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel

  • Report ID: 4103
  • Published Date: Mar 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing expenditure on personal beauty and cosmetic products along with rising adoption of sunscreens and rise in disposable income are the major factors expected to drive the market growth.

The market is anticipated to attain a CAGR of 2% over the forecast period, i.e., 2023-2035.

Estimated to be the growth hindering factors for the market expansion.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Zhenjiang Gaopeng Pharmaceutical CO,.Ltd, Jiangsu Puyuan Chemical Co.,Ltd, JQC (Huayin) Pharmaceuticals Co., Ltd., ECSA Chemicals AG, LLUCH ESSENCE S.A de C.V., OQEMA AG., Glentham Life Sciences Limited., Taytonn ASCC Pte Ltd, WholeChem, LLC., The Lermond Company, LLC, and other key market players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by purity, end user, and by region.

The 98% purity segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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