According to the report published by Allied Market Research, the global synthetic musk market was estimated at $134.9 million in 2021, and is projected to reach $187.4 million by 2031, growing at a CAGR of 3.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.   

The global synthetic musk market is analyzed across type, end use industry, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.  

By type, the polycyclic musk segment held the largest share in 2021, garnering more than 47.37% of the global synthetic musk market revenue, and is projected to maintain its dominance by 2031. The nitro musk segment, on the other hand, would showcase the fastest CAGR of 3.2% during the forecast period.