Lucintel's latest market report analyzed that benzoin gum provides attractive opportunities in food and beverage, pharmaceutical, beauty and personal cares, animal feed, and others. The benzoin gum market is expected to grow at a CAGR of XX%. In this market, cosmetics & personal care is the largest segment by application.
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Based on application, the benzoin gum market is segmented into industrial, food processing, cosmetics & personal care, and aromatherapy. The cosmetics & personal care segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to increasing demand for incense products will gain high traction, and skin care products with exotic herbal properties with essential ingredient.
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The Benzoin Gum Market is marked by the presence of several big and small players. Some of the prominent players offering benzoin gum include Spectrum Chemicals, BMV Fragrances Private Limited, Bulk Apothecary, K.S.U. Payung EMAS, Cv. Davindo, CS Parekh & company, PT. ACADIAN SEMBADABAMA, CV. Damarindo Abadi, Bharat Sales Company, and CDesa.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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