Jasmal is the trade name given to chemicals with chemical formula C14H18O. These chemicals are used in the production of perfumes. Physical appearance of jasmal is mostly colorless to pale yellow clear liquid with long shelf life. It is stored in cool and dry place in tightly sealed containers protected from heat and light. Jasmal has a typical odor of herbal oily green jasmine. Thus, it is commercially useful for the manufacture of jasmine perfumes. Perfumes can be described as the complex mixture of synthetic/natural substances and solvents in order to provide pleasant odor to humans, objects, living space, and food, among others. Jasmal is mixed with solvents or fixatives for the production of perfumes; the most commonly used solvents are alcohols. Other types of solvents include coconut oil, jojoba oil, and liquid waxes.
The market for jasmal is compact; it accounts for small share of the global fragrance market owing to the presence of various economical and efficient substitutes. However, the jasmal market is anticipated to expand during the forecast period due to the ever-increasing demand for jasmine perfumes among women across the globe. Rise in population and ascending demand for personal care products are the key factors propelling the jasmal market. Increasing in consumer income is expected to be another factor driving the demand for jasmine perfumes. Fragrances are considered to have positive effects on people. For instance, they are known to alleviate stress levels among consumers. This is also anticipated to propel the demand for perfumes, thereby boosting the jasmal market.
Usage of certain personal care products such as perfumes can potentially cause skin problems such as allergies. It can even cause skin cancer. This is one of the factors that can hamper market growth. Implementation of stringent government regulations on the usage of certain chemicals can also adversely affect the jasmal market. REACH is an example of such regulatory boards that govern in Europe, REACH is an abbreviation which stands for registration, evaluation, authorization and restriction of chemicals which is legislated in the European Union.
In terms of geography, Europe accounted for major share of the jasmal market in 2015. Its share is anticipated to expand at a significant pace owing to the strong growth in the cosmetic industry in the region. Increase in disposable income of consumers in Europe and North America is likely to boost the demand for fragrance, thereby driving the demand for jasmal based jasmine perfumes in these regions. France and the U.K. are likely to constitute major share of the jasmal market during the forecasted period. Manufacture of perfumes is expected to witness shift from mature markets of North America and Europe toward the developing economies of Asia Pacific such as India and China owing to the presence of less stringent government regulations in Asia Pacific compared to those in North America and Europe. The market for jasmal in Asia Pacific is expected to expand at a significant pace due to the changing lifestyle and increasing income of consumers in developing economies such as India and China. Technological advancement, competitive production cost, and high economic growth are some of the factors fueling the jasmal market in Asia Pacific.
Key players operating in the market of jasmal are The Good Scents Company, The Lermond Company, LLC, and International Flavors & Fragrances Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.