“Global Watermelon Ketone Market, By Product Type (Liquid, Powder), By Application (Perfumes, Cosmetics, Cleaning Products, Other Applications), as well as by Region – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the Global Watermelon Ketone Market through systematic segmentation that encompasses every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this sector is projected to be over $42.2 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Watermelon Ketone, also known as Calone 1951 or Calone, was discovered by Pfizer in 1966. It is used to give the olfactory impression of a fresh seashore through the marine and ozone nuances.
The steady increase in industrialization and urbanization levels as a direct result of exponential globalization and booming population figures, there has been a steady increase in disposable incomes of individuals across the world is a major factor that is influencing the purchasing capabilities of the masses. This is a major factor that is slated to continue to have a profound influence on the revenue growth of the Global Watermelon Ketone Market over the next decade. Moreover, the increase in the usage of luxury products or goods such as designer perfumes, soaps, and shower gels among various other toiletries, is also a factor that is anticipated to further compliment the market growth of this global industry in the years to come. Furthermore, several industry players are investing in various marketing promotional aspects of their respective product, such as its cosmetic appeal –packaging, etc., is another significant element that is being given more significance. This is another major factor that is slated to have a profound influence on the projected market growth of the global watermelon ketone industry, and is anticipated to further augment the overall market footprint of this global sector. These are some of the most crucial factors anticipated to play a critical role in catapulting projected revenues for the Global Watermelon Ketone Market to $48.9 Mn by 2030, at a CAGR of 3.9%.
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