North America led by Mexico, Canada, and U.S. sandarac market size is predicted to
increase over the forecasted period owing to rising preference for organic cosmetic
and personal care products among consumers. Regional cosmetics market represents
high market share of luxury brands like Dior, Clinique, Clarins, Lancome, & Estee
Lauder and it is expected to grow over the forecasted period to surpass USD 100
billion. North America cosmetic market is one among the largest markets for color
cosmetics & beauty products, driven by increasing preference for organic, vegan, and
natural beauty products to alleviate harmful effects of sun, pollution, sun, and harmful
ingredients, which is likely to increase product demand.
Asia Pacific, led by India, Japan, and China sandarac market size may see significant
growth owing to rising demand from fragrance producing industries. Sandarac has a
unique aroma, which makes it ideal for aroma therapy to calm, relax, and eases
tension. It has ability to provide relieve from insomnia due to stress, for which it has
broad range of applications in medical industry. Regional fragrance market is expected
to witness high gains over the forecast period owing to demand from food and
beverage, household products, cosmetics, and perfumes, which should stimulate the
product demand.
Sandarac market share is fragmented, significantly competitive and includes various
manufacturers such as The Good Scents Company, Scents of Earth, Mangalam
Organics, and Pangaea Sciences. These companies are concentrating on vertical
integration and extension of production abilities for business development. Moreover,
exclusive marketing strategies adopted by manufacturers is likely stimulate growth of
sandarac market size in the forecasted period.
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