0

Global Isophytol Market Expected To Reach $629.5 Million By 2028

 
2022
Global Isophytol Market

Report Code : A11842

quote Significant enrichment in the chemical industrial sectors in developing Asia-Pacific countries has significantly strengthened the global supply chain. Many countries, particularly those in the European and North American regions, are now reliant on importing raw materials or finished products from Asia-Pacific countries such as China and India, owing to their huge production capacity and significantly lower prices. Many nations in Asia-Pacific have seen considerable economic growth as a result of their expanding superiority in chemical exports, which includes raw material processing, enlarged production facilities, and final manufacturing of end-use products. quote

Eswara Prasad
Manager, Chemical and Materials Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new published report by Allied Market Research titled, Isophytol Market by Fragrance Type and Application: GlobalOpportunity Analysis and Industry Forecast, 2021–2028,”

The global isophytol market was valued at $470.4 million in 2020, and is projected to reach $629.5 million by 2028, growing at a CAGR of 3.8% from 2021 to 2028.

Isophytol is a liquid flavoring and fragrance agent currently used in adding fragrance to various personal care and cosmetic products. However, it’s another major application is in the production of vitamin E and vitamin K1. Both the vitamins are used in producing supplements and nutritional products for human consumption as well as animal feed. Commercially, Isophytol is available in various purity grades and fragrance notes include floral, herbal, and others.

The increased usage of multivitamin supplements, particularly vitamin E and K, is driving the market for isophytol. Furthermore, the industry is expanding rapidly, since demand for fragrances and body deodorants has increased dramatically in recent years. The use of isophytol in cosmetics, as well as new product lines in toiletries, have spurred market expansion. Medical products and therapies that use fragrance compounds are popular market propellers that will help the Isophytol market grow over the projected period.

The global Isophytol market is segmented on the basis of fragrance type, application, and region.

Based on the fragrance type, the global Isophytol market is segmented into floral, herbal, and others. The herbal segment accounted for the largest share in 2020, while the others segment is projected to grow at the highest CAGR of 5.8%.

Applications of Isophytol include supplements, cosmetics, and industrial. The supplements segment is further sub-segmented into pharma grade and food grade. The supplements segment accounted for the largest Isophytol market share in 2020, while the industrial segment is projected to be the fastest growing segment at a CAGR of 11.1%.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest share of the market in 2020 as well as was the fastest growing region. Asia-Pacific has a well-established and growing demand potential for pharmaceutical and cosmetic products.

The global isophytol market is consolidated in nature with a few players, such as Antylia Scientific, Augustus Oils Ltd., BASF SE, BiosynthCarbosynth, HaihangIndustry, Hefei TNJ Chemical Industry Co. Ltd., Merck KGaA, Molekula Group, Santa Cruz Biotechnology, Inc., Tokyo Chemical Industry, Thermo Fisher Scientific, and Vigon International, Inc., which hold significant share of the market. These players have been adopting various strategies to gain higher share or to retain leading positions in the market.

Key Findings of The Study

  • On the basis of fragrance type, the herbal segment emerged as the global leader by acquiring more than 52.6% of the market share in 2020, and is anticipated to continue this trend during the forecast period.

  • On the basis of application, the supplements segment accounted for 80.9% of the global market share in FY2020.
  • On the basis of region, Asia-Pacific is the major consumer of isophytol among other regions. It accounted for around 36.1% of the global market share in 2020.

Impact of Covid-19 On The Global Isophytol market

  • COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11th, 2020.

  • Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
  • Isophytol are primarily used in supplements, cosmetics, industrial, and personal care slight decline in the growth rate.
  • In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown.
  • The demand–supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the chemical industry during the COVID-19 pandemic.
  • Due to a scarcity of resources in various parts of the world, the COVID-19 epidemic has impacted negatively on the manufacturing and industrial industries. The industry's top players are concerned about the market's prospects and are rethinking their strategies to meet the challenge.
  • The companies are incorporating various techniques to increase production volume and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased fragrance product penetration sustainability.
  • The rise in public awareness about health issues is one of the factors propelling the Isophytol market throughout the forecast period. Increasing use of sterilizing solutions as a result of the coronavirus epidemic is also driving demand for the overall industry. Demand for Isophytol will be boosted by a positive perspective on bleaching products.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Isophytol Market by Fragrance Type (Floral, Herbal, and Others) and Application (Supplements, Cosmetics, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2028 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2022

Softgel Capsules Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Global Isophytol Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers