Geranyl Acetate Market
The market for Geranyl Acetate was estimated at $380 million in 2023; it is anticipated to increase to $647 million by 2030, with projections indicating growth to around $946 million by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Geranyl Acetate Market Outlook
Revenue, 2023
$380M
Forecast, 2033
$812M
CAGR, 2024 - 2033
7.9%
The Geranyl Acetate industry revenue is expected to be around $442.4 million in 2024 and expected to showcase growth with 7.9% CAGR between 2024 and 2033. Geranyl acetate, a naturally occurring ester found in various essential oils, is valued for its pleasant floral aroma and wide-ranging applications in fragrances, flavors, cosmetics, and pharmaceuticals. In 2023, the geranyl acetate market was valued at approximately USD 380 million, with projections to reach USD 647 million by 2030 and potentially USD 946 million by 2035, growing at a CAGR of 7.9%. This growth is fueled by increasing demand for natural ingredients in personal care and the expanding application of geranyl acetate in flavors and fragrances.
Geranyl acetate’s versatility and natural appeal make it popular in industries emphasizing sustainability and natural ingredients. As consumers become more health-conscious and seek natural alternatives, geranyl acetate's market potential in personal care, food, and pharmaceuticals is set to increase
Market Key Insights
- The Geranyl Acetate market is projected to grow from $380.0 million in 2023 to $813 million in 2033. This represents a CAGR of 7.9%, reflecting rising demand across Fragrances, Cosmetics and Flavors.
- Firmenich, Givaudan, Symrise are among the leading players in this market, shaping its competitive landscape.
- U.S. and France are the top markets within the Geranyl Acetate market and are expected to observe the growth CAGR of 5.1% to 7.6% between 2023 and 2030.
- Emerging markets including Vietnam, Indonesia and Mexico are expected to observe highest growth with CAGR ranging between 9.1% to 10.9%.
- Transition like Shift Toward Natural and Organic Ingredients is expected to add $24 million to the Geranyl Acetate market growth by 2030.
- The Geranyl Acetate market is set to add $433 million between 2023 and 2033, with manufacturer targeting Flavors & Cosmetics Application projected to gain a larger market share.
- With Rising demand for natural fragrance ingredients, and Growth in flavor applications, Geranyl Acetate market to expand 114% between 2023 and 2033.
Opportunities in the Geranyl Acetate
Innovations in extraction methods reduce the environmental impact, appealing to eco-conscious consumers and companies
Growth Opportunities in North America and Europe
North America is a leading market for geranyl acetate, driven by demand in personal care and fragrances. Key players like International Flavors & Fragrances and Givaudan operate prominently in this region
Europe, particularly France and Germany, shows strong demand for geranyl acetate in premium fragrances and cosmetics. Companies such as Firmenich and Robertet are leaders in this market
Market Dynamics and Supply Chain
01
Driver: Rising Demand for Natural Fragrance Ingredients, and Expansion in Personal Care and Cosmetics
Increasing preference for natural and organic fragrances also drives demand for geranyl acetate, particularly in premium personal care products As consumer awareness of natural ingredients rises, the use of geranyl acetate in cosmetics and skincare products has also increased, fueling market expansion
The fruity aroma of geranyl acetate enhances its use in the flavor industry, particularly in beverages and confectionery products, contributing to market growth
02
Restraint: High Production Costs for Natural Extraction, and Limited Awareness in Emerging Markets
The extraction of natural geranyl acetate from essential oils is costly, impacting the pricing and accessibility of natural variants
Lack of awareness about geranyl acetate's benefits and applications limits market penetration in some regions
03
Opportunity: Increased Demand in High-End Personal Care Products and Emerging Markets in Asia-Pacific
With a rising demand for luxury and organic personal care products, geranyl acetate finds growing use in premium fragrances and cosmetics
The growing personal care and food industries in Asia-Pacific present opportunities for geranyl acetate adoption, especially in fragrances and flavors
04
Challenge: Competition from Synthetic Alternatives
Synthetic aroma compounds offer cost-effective alternatives, creating competitive pressure for geranyl acetate in fragrance and flavor applications
Supply Chain Landscape
1
Raw Material Supplier
International Flavors & FragrancesRobertet
2
Manufacturer
FirmenichGivaudan
3
Distributor
BrenntagUnivar Solutions
4
End-User
Personal careFood and beveragesPharmaceuticals
1
Raw Material Supplier
International Flavors & FragrancesRobertet
2
Manufacturer
FirmenichGivaudan
3
Distributor
BrenntagUnivar Solutions
4
End-User
Personal careFood and beveragesPharmaceuticals
Use Cases of Geranyl Acetate in Fragrances & Cosmetics
Fragrances : Geranyl acetate is widely used in perfumery for its rose-like scent, enhancing floral compositions in fine fragrances. Leading providers include Firmenich and Givaudan
Flavors : In flavor applications, geranyl acetate imparts a fruity aroma, used in beverages and confectionery. Key providers like Symrise and Takasago specialize in flavor compounds including geranyl acetate
Cosmetics : In cosmetics, geranyl acetate is used for its pleasant scent and potential skincare benefits, with companies like L'Oreal and Estee Lauder incorporating it into product formulations
Pharmaceuticals : Geranyl acetate serves as an intermediate in pharmaceutical manufacturing, offering therapeutic properties in some formulations. Major players include BASF and Merck
Recent Developments
Recent advancements in geranyl acetate emphasize natural and sustainable production. Firmenich’s natural line caters to eco-conscious brands, Givaudan’s expansion supports demand, and Symrise’s sustainable method enhances environmental appeal
September 2024 : Firmenich launched a new line of natural fragrance ingredients featuring geranyl acetate, catering to eco-conscious brands
June 2024 : Givaudan expanded its production capacity for natural geranyl acetate, responding to increased demand in the fragrance and flavor industries
April 2024 : Symrise developed a sustainable extraction method for geranyl acetate, targeting environmentally-friendly fragrance formulations
Impact of Industry Transitions on the Geranyl Acetate Market
As a core segment of the Packaged & Processed F&B industry,
the Geranyl Acetate market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Toward Natural and Organic Ingredients and Advancements in Green Chemistry for Extraction have redefined priorities
across the Packaged & Processed F&B sector,
influencing how the Geranyl Acetate market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Toward Natural and Organic Ingredients
The fragrance and flavor industries are moving toward natural ingredients, with geranyl acetate gaining traction as a preferred choice
02
Advancements in Green Chemistry for Extraction
Innovations in green chemistry enable more sustainable geranyl acetate production, aligning with environmental goals and consumer preferences