IMARC Group, a leading market research company, has recently releases report titled “Isophytol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” the study provides a detailed analysis of the industry, including the global isophytol market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the isophytol market?
The global isophytol market size reached US$ 524.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 683.3 Million by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
What is Isophytol?
Isophytol (C20H40O) refers to a clear, colorless, and viscous liquid manufactured via subsequent acidification and transition-metal-catalyzed addition of malonic ester to myrcene. It is widely used as a fragrance component in the production of perfumes, creams, lotions, shampoos, soaps, and other beauty and personal care products. In line with this, isophytol is also utilized as a flavoring agent in food products, including processed vegetables, sauces, meat, fish, salads, soups, sweeteners, etc. As a result, it finds wide-ranging applications in the manufacturing of synthetic vitamins E and K.
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What are the growth prospects and trends in the Isophytol industry?
The escalating demand for dietary supplements, owing to the growing consumer towards the benefits of functional food, is primarily augmenting the isophytol market. Furthermore, the expanding geriatric population, the increasing sales of personal care products, extensive investments in R&D activities by leading manufacturers, and the inflating need for cosmetics that help in preventing age-related disorders and support immune health are acting as significant growth-inducing factors. Apart from this, the widespread adoption of ready-to-eat (RTE) food items, on account of the rising urbanization levels and hectic schedules of individuals, is positively influencing the global market. Moreover, the elevating requirement for household cleaning goods to sanitize surfaces is also bolstering the market growth. Besides this, isophytol synthesizes vitamin E, which is added as an active component, thereby catalyzing the global market. Additionally, international organizations are focusing on using sanitization to prevent the spread of the sudden outbreak of the COVID-19 pandemic, which is expected to fuel the isophytol market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Fragrance Type:
- Floral
- Herbal
- Others
Breakup by Sales Channel:
- Online
- Offline
Breakup by Application:
- Supplements
- Cosmetics
- Industrial
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Augustus Oils Ltd.
- BASF SE
- Carbosynth Ltd
- Haihang Industry Co. Ltd.
- Hefei TNJ Chemical Industry Co. Ltd.
- Merck KGaA
- Molekula Group
- Santa Cruz Biotechnology Inc.
- Thermo Fisher Scientific Inc.
- Tokyo Chemical Industry
- Vigon International LLC (Azelis).
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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