Methyl Dihydrojasmonate Market Size, Share, Growth, And Industry Analysis By Type (Purity 95%, Purity 97%, Purity 99%, Other) By Application (Cosmetic Essence, Soap Compound, Perfume, Other) and Regional Forecast From 2024 To 2031

Updated On: 08 April 2024

Methyl Dihydrojasmonate Market Report Overview

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The global methyl dihydrojasmonate market size was 140 million in 2020. As per our research, the market is expected to reach USD 259.38 million by 2031, exhibiting a CAGR of 5.7% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the methyl dihydrojasmonate market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

MDJ is a synthetic derivative of jasmonic acid, a plant hormone that regulates many physiological processes such as growth, development, and defence against environmental challenges. The chemical compound Methyl Dihydrojasmonate (CAS 24851-98-7) has the formula C8H10O2. It is a colourless liquid with a jasmine scent. It naturally occurs in Jasmine Oil and other essential oils. Methyl Dihydrojasmonate (CAS 24851-98-7) is a fragrance and flavouring agent. The increasing demand for methyl dihydro jasmonate in cosmetic essences, soap compounds, perfumes, and other applications is driving market expansion. Furthermore, rising awareness of the benefits of utilising methyl dihydro jasmonate is fueling the expansion of this market.

MDJ is frequently used as a significant ingredient in perfumes, soaps, detergents, and other scented products in the fragrance and flavour industries. It has a sweet, fruity, and floral perfume and is frequently used to give products a natural and fresh scent. MDJ has been demonstrated to have numerous medicinal qualities, such as anti-inflammatory and anticancer effects, and is being researched for potential therapeutic uses in addition to its use in the fragrance and flavour sectors.

COVID-19 Impact: COVID-19 Pandemic Reduced Market Demand due to hindered supply chain

The fragrance and flavour industries predominantly employ methyl dihydrojasmonate, and its demand is tightly related to global economic conditions and consumer purchasing patterns. The COVID-19 pandemic has had a substantial impact on these industries, with physical store closures and decreased consumer spending leading to a drop in demand for numerous scent and flavour items. However, as economies gradually reopen and activity resume, demand for MDJ and associated items is projected to recover.

Latest Trends

"Increasing demand for environmentally friendly Methyl Dihydro Jasmonate to drive market growth"

Growing demand for natural and sustainable products is driving the development of bio-based sources of MDJ and other scents. A trend towards personalised smells and odours is also fuelling demand for customizable fragrance solutions. MDJ is a natural substance generated from the plant hormone jasmonic acid. MDJ is projected to be in high demand as a natural fragrance and flavouring ingredient due to rising demand for natural and sustainable products.

Methyl Dihydrojasmonate Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Purity 95%, Purity 97%, Purity 99%, Other. Purity 95% is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Cosmetic Essence, Soap Compound, Perfume, Other. Cosmetic Essence will be the dominating segment.

Driving Factors

"Growth in the fragrance and flavour industry to stimulate market demand"

The scent and flavour sector consumes the most MDJ. The need for MDJ is predicted to expand as the demand for fragrances and flavours grows. Because of its sweet and floral aroma, MDJ is commonly utilised in personal care products such as shampoos, conditioners, and body washes. MDJ demand is projected to be driven by the increased desire for natural and sustainable personal care products. These reasons are propelling the methyl dihydro jasmonate market forward.

"Numerous Applications of the Material to Accelerate Market Growth"

MDJ is frequently used as a significant ingredient in perfumes, soaps, detergents, and other scented products in the fragrance and flavour industries. It has a sweet, fruity, and floral perfume and is frequently used to give products a natural and fresh scent.

Restraining Factors

"Raw material volatility will limit market growth"

One of the major restraints in the MDJ industry is the scarcity of raw materials necessary for production. Furthermore, the high cost of production and regulatory limits connected to the usage of specific scents in certain regions may provide barriers to the market's growth.

Methyl Dihydrojasmonate Market Regional Insights

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"Increased demand in Asia-Pacific has increased the market share of Methyl Dihydro Jasmonate"

In terms of regional insights, the Asia Pacific area is predicted to be the fastest growing market for MDJ due to rising demand for perfumes and flavours from nations such as China and India's developing middle class. Because of the enormous demand for perfumes and flavours in these regions, North America and Europe are particularly important markets for MDJ. With a revenue share of more than 40.0% in 2021, Asia Pacific was the largest market for MDH and is likely to maintain its dominance during the forecast period. The existence of large-scale producers, together with rising demand from end-use industries including fragrance, cosmetics, and soaps, is expected to boost regional growth. Due to rising local manufacturing capacity and increased demand from other emerging economies such as India and Indonesia, China has emerged as a key customer. North America was expected to be worth USD X million in 2021 as a result of high purity standards followed by cosmetic producers in the region, who are increasingly focused on sustainable materials for their formulations rather than synthetic chemicals that are commonly utilised in the region.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Finetech Industry limited (China)
• Maxim Group (U.S.)
• Nippon Zeon (Japan)
• Angene International Limited (U.K.)
• HangZhou Peak Chemical (China)
• Zeon Corp (Japan)
• Boc Sciences (U.S.)
• Zhangjiagang Xinyi Chemical (China)
• Bedoukian Research (U.S.)
• Struchem (China)
• Jinan Haohua Industry (China)
• Atomax Chemicals(China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.