MarketResearch.biz has recently published a market research report titled, “Global Watermelon Ketone Market by Product Type, by Application, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast from 2020 to 2029”. The report offers a detailed analysis of the global watermelon ketone market. Study and analysis was conducted through systematic and exhaustive research efforts, both primary and secondary. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at over US$ 0.1 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Watermelon ketones, also known as methylbenodioxepinone or calone, is the only substance that has a slight scent of melon, and was hence named ‘watermelon ketone’. It is used as a scent component owing to its watery and fresh characteristics. Watermelon ketone is also used as a supplement in different perfumes, and is an essential component that has helped define modern perfumery.
Browse the full “Global Watermelon Ketone Market By Product Type, By Application, And By Region (North America, Europe, Asia Pacific, South America, And Middle East & Africa) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/watermelon-ketone-market/
Global Watermelon Ketone Market: Dynamics
Growing demand for high-end fragrances and other aromatic household products is among some of the key factors projected to drive growth of the global watermelon ketone market. Increasing production of such products and high visibility due to celebrity endorsements, online availability and visibility, increasing online purchasing trend and others are among other factors leading to rising demand. This is also resulting in rising demand for raw materials such as watermelon ketone, which is propelling growth of the target market. Improving standards of living, growing awareness regarding use of various aromatic products, and increasing disposable income are some other factors supporting growth of the target market. Additional factors driving growth of watermelon ketone market include increasing demand for other fragrance products such as incense sticks, perfumed candles, sprays, and gels. Easy availability of alternatives such as essential oils, fragrance oils, infused oils, and even flavor extracts for perfumes is expected to restrict growth of the target market to a certain extent.
Global Watermelon Ketone Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global watermelon ketone market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global watermelon ketone market is expected to register a CAGR of 3.5% over the forecast period.
Global Watermelon Ketone Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region. The type segment includes liquid and powder segments. The application segment includes perfumes, cosmetics, cleaning products, and others. Regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Product Type: The powder type segment is projected to account for highest revenue share in the global watermelon ketone market, and is projected to register highest CAGR of over 3.6% over the 10-year forecast period.
Application: The cosmetic segment is projected to account for highest share in terms of revenue in the global market, and is projected to register highest CAGR of over 4.1% during the forecast period.
Region: The market in the Asia Pacific is projected to account for highest revenue share in the global watermelon ketone market, and is projected to register highest CAGR of over 3.8% during the 10-year forecast period.
Global Watermelon Ketone Market: Competitive Analysis
The global watermelon ketone market research report includes company profiles of major players/ companies such as Tokyo Chemical Industry Co., Ltd., Shanghai Aladdin Biochemical Technology Co., Ltd., BOC Sciences, Alfa Chemistry, 3B Scientific (Wuhan) Corporation Limited, Waterstone Technology, LLC, Energy Chemical Co., Hangzhou J & H Chemical Co., Ltd., J&K Scientific Ltd., Adamas Reagent, Ltd. and BLD Pharmatech Ltd.
“Global Watermelon Ketone Market Report 2019: Industry Analysis, Market Trends, Size, Share, Growth Opportunities, Key Players, Drivers, Restraints, Segments, and Forecast 2020 – 2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global watermelon ketone market for 2019–2029.
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