(MENAFN- GlobeNewsWire - Nasdaq) Isoamyl Acetate market demand is rising in various applications, especially from the food and beverage and fragrance industry due to its unique features and wide applications which drive the market growthAustin, Oct. 25, 2024 (GLOBE NEWSWIRE) -- According to the SNS Insider report, The global isoamyl acetate market was valued at USD 390.04 Million in 2023, while it is anticipated to attain a value of USD 605.05 Million by 2032 and grow at a compound annual growth rate of 5.7% during the forecast period, 2024-2032.
Trend for Isoamyl Acetate Market
Increasing intake of natural and organic constituents across several verticals is attributed to be one of the key factors that contribute towards the growth trajectory of the isoamyl acetate market. Changing consumer perception of health and wellness means there is considerable movement away from synthetic chemicals toward cleaner and safer products. Isoamyl acetate is a flavor and fragrance agent that occurs naturally in bananas and has gained widespread acceptance as a desirable commercial item. The fruity aroma and flavor profile of this acid qualifies it as an excellent bouquet character in food products, beverages, and personal care items which translates to increased use across these industries.
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Key Players
Key Manufacturers
Merck KGaA LGC Limited Thermo Fisher Scientific Chemoxy International Ltd. BASF SE Dow Finetech Industry Limited Ernesto Ventós, S.A. Kraton Corporation SABIC Eastman Chemical Company Cargill, Inc. Mitsubishi Chemical Corporation Nippon Shokubai Co., Ltd. Aroma Chemicals Jungbunzlauer Axyntis Takasago International Corporation Givaudan Fujifilm Diosynth Biotechnologies
Besides the food & beverage industry, isoamyl acetate is widely used in the fragrance sector and it has an attractive sweet odor similar to that of overripe bananas. As consumers buy more natural fragrances, the demand for isoamyl acetate in perfumes, lotions, and other personal care products is also increasing. Regulatory policies aimed at improving the regulation of synthetic chemicals only reinforce this trend toward natural and organic products by further driving growth in isoamyl acetate as a safer alternative.
Furthermore, isoamyl acetate demand is also driven by the cosmetics and personal care industry. The worldwide shift towards natural and organic cosmetics has increased the applications of plant-based ingredients, which in turn is expected to lead to an increase in the use of isoamyl acetate in cosmetic formulations. It also dovetails nicely with consumer trends to be seen consuming healthier products and more environmentally friendly products.
Isoamyl Acetate Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 366.8 Million |
| Market Size by 2032 | US$ 605.05 Million |
| CAGR | CAGR of 5.7% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| DRIVERS | . Personal care industry growth |
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Opportunity in Isoamyl Acetate Market
The isoamyl acetate market is benefitting from the growth of developing regions, more specifically the Asia-Pacific (APAC) region. Rapid urbanization, growing disposable incomes, and a rising middle class in countries like China and India are driving up demand for food and beverage products, personal care items, and household goods
The ongoing evolution of technology is also important in improving the production process and scopes of isoamyl acetate. With the growing demand for high-quality isoamyl acetate, many manufacturers are now focusing on developing and designing improved extraction and synthesis methods which lead to increased production efficiency and sustainability. New biotechnological processes for isoamyl acetate production from renewable sources are enabling more environmentally friendly manufacturing routes.
This is followed by increased incorporation of isoamyl acetate into emerging applications. The companies are testing its applications in food preservation because of its antimicrobial effect. The above trend is in line with the growing demand for fresh and minimally processed foods, providing further opportunities to unlock the growth of isoamyl acetate.
Who is the Leading Region in the Isoamyl Acetate Market?
Asia-Pacific region held the largest isoamyl acetate market share in 2023, accounting for roughly 42.0% of the overall market. The dominance owes to fast industrialization, rapid urbanization, and massive expenditure on food and beverage, cosmetics, and personal care. A continuously growing population and increasing consumer spending power in the region also add to the high demand for isoamyl acetate for different applications. Moreover, the increasing interest of governments in natural and sustainable ingredients is giving impetus to manufacturers to use isoamyl acetate in product formulation.
Which application led the isoamyl acetate market in 2023?
In 2023, food and beverage dominated the isoamyl acetate market with almost 40% of the total share. The reason behind this dominance is attributed to the large-scale utilization of isoamyl acetate in flavoring agents for different food products such as confectionery, baked goods, and beverages. Its pleasant fruity aroma is a natural flavor of isoamyl acetate, which in turn is fueling the demand for this compound from food-based enterprises that produce goods under the increasing consumer preference for natural flavors and ingredients.
Besides the food and beverage industry, even the perfume and cosmetic business is ever thriving. The growing inclination of consumers for natural and organic cosmetics and personal care products drives the use of isoamyl acetate as a constituent ingredient, cementing its position in the market.
Key Segments:
By Application
Food and Beverage Cosmetics Textile Pharmaceuticals Others
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Recent Developments
In 2023, BASF launched a high-quality range of isoamyl acetate dedicated to the food and beverage sector. The new product line addresses the growing consumer preference for natural flavoring agents, in step with ongoing trends toward clean labels and ingredient transparency throughout the food industry. In 2023 Kraton Corporation enhanced its output relevancy of isoamyl acetate to fulfil the huge global requirement for sustainable and natural components. The move highlights the company's focus on solutions for the food, beverage, and personal care market segments.
Conclusion
The isoamyl acetate market is anticipated to witness significant growth, owing to increasing demand for natural ingredients, expanding food & beverage industry, and advancements in production technologies. Given the increasing focus on sustainability and consumer preference towards cleaner products, this favorable aspect of isoamyl acetate will cater to the developing requirements of different industries.
Table of Contents – Major Key Points
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter's Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
7. Isoamyl Acetate Market Segmentation, By Application
8. Regional Analysis
9. Company Profiles
10. Use Cases and Best Practices
11 . Conclusion
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