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Jasmone is a natural organic compound that exists in two isomeric forms: trans-Jasmone and cis-Jasmone. It is extracted from the volatile part of the Jasmine flower oil and is found in the form of a colorless or pale yellow liquid with fragrance of jasmine. Jasmone can also be synthesized by the metabolism of linoleic or jasmonic acid through the decarboxylation process. Jasmone is used primarily in perfumes and cosmetic. Furthermore, it is used in the reformulation of synthetic essential oils. Other applications include or repellent for various insects.

In terms of demand, cis-Jasmone is expected to be the dominant segment of the jasmine market, as the demand for natural perfumes has been rising since the last few years. This trend is anticipated to continue in the next few years. Jasmone contains natural ingredients such as essential oils and absolutes and generally doesn’t contain synthetic aroma compounds such as phthalate and paraben. Jasmone is preferred in commercial fragrances for mainstream perfumery, aromatherapy, and cosmetics. Being derived from botanical ingredients that include flowers, fruits, seeds, plant skin, tree barks, leaves and roots, it has evolved as a mainstream business in the personal care and cosmetics industry.

Rising demand for natural perfumes over synthetic ones is considered to be the primary driver of the Jasmone market. Synthetic content in cosmetics or perfumes results in maximum absorption of its chemical content in body tissues and blood. Prolonged usage of these synthetic products can cause various allergic reactions, asthma attacks, nausea, and even skin cancer. Consumers are becoming more aware about the adverse effects of chemicals prevalent in personal care products. They are looking for eco-friendly alternatives. Therefore, demand for Jasmone is expected to increase due to its characteristic features such as alternative to synthetic counterparts. It is also eco-friendly. Apart from usage in cosmetics and perfumes, Jasmone possesses pesticidal properties. Thus, it is also used as repellent, protectant, and stimulant. Emphasis on improvement of crop yield and implementation of stringent laws related to synthetic pesticides are estimated to hamper the demand for synthetic pesticides. This, in turn, is likely to drive the demand for Jasmone during the forecast period. However, availability of Jasmone based products is limited due to the seasonal harvesting of natural resources. This is estimated to increase the manufacturing and selling prices of Jasmone based products, thereby hampering the demand for these products.

Globally, the market for Jasmone is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in China, India, and Japan is anticipated to expand at a rapid pace in Asia Pacific in the near future. This is primarily due to the increasing urbanization and rising disposable income, which are anticipated to propel the demand for perfumes. Furthermore, changing lifestyle, higher spending propensity, and increased importance on personal grooming and appearance have boosted the sales of Jasmone based products in Asia Pacific. In Europe, Germany is the major market for jasmine in terms of sales of perfumes and cosmetics. It is followed by France, Italy, and the U.K. The U.S is the key market in terms of demand and sale of organic perfumes in North America. Introduction of youth-oriented and celebrity perfumes and exotic floral fragrances is anticipated to propel the sales of Jasmone across the globe. Demand for perfumes in the U.S is expected to increase significantly in the next few years. Demand for Jasmone based products in countries in Latin America such as Brazil and Argentina is also anticipated to rise strongly in the near future. 

Key players operating in the Jasmone market are Lluch Essence, S.L, Parchem Fine & Specialty Chemicals, Penta Manufacturing Company, Zhejiang Bohua Chemical Co., Ltd, Anhui Primechem Co., Ltd., and Guangzhou New Sino Biotech Co., Ltd. 

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
  • Europe
  • 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.

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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.

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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?

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10. What will be the barrier to entry for new players in the market?

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