Isoamyl Acetate Market Research Report—Global Forecast till 2030

Isoamyl Acetate Market Research Report Information By Application (Food and Beverage, Cosmetics, Textile, Pharmaceticals, Other End User Industries) Forecast till 2030

ID: MRFR/CnM/9339-HCR | February 2023 | Region: Global | 100 Pages         

Isoamyl Acetate Market

The Isoamyl Acetate market is projected to register a CAGR of 5.5% to reach USD 455.27 million by the end of 2030.

Segmentation
By Application Food and Beverage Cosmetics Textile Pharmaceticals Other End User Industries
Key Players
Companies Profiled   Thermo Fisher Scientific   Finetech Industry Limited   Chemoxy International Ltd.   Ernesto Ventós   S.A.   Merck KGaA   LGC Limited   BASF SE   Dow   others
Drivers
Market Driving Forces   The growing number of innovative beauty products
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Isoamyl Acetate Market Overview


The global Isoamyl Acetate market is projected to register healthy growth during the forecast period, 2021–2030. The market was valued at USD 205.50 million in 2020 and is projected to register a CAGR of 5.5% to reach USD 455.27 million by the end of 2030.


The acetate ester of isoamylol is isoamyl acetate. It functions as a metabolite and a metabolite of Saccharomyces cerevisiae. It's made up of an isoamylol. Ananas comosus, Thymbra spicata, and other species produce isoamyl acetate as a natural product. Iso-amyl acetate is a colourless, oily liquid with a banana odour. Floats in water and combines with it. The vapour is flammable and unpleasant.


COVID-19 Impact on the Isoamyl Acetate Market:


The pandemic has resulted in an imbalance in demand and supply, disruption in the global supply chain, and the shutdown of industrial plants due to the rapid and continued spread of the new coronavirus around the world. COVID-19's influence on the personal care and cosmetics industry is ultimately defined by the crises' impact on manufacturing businesses.


Since the outbreak of COVID 19, demand for cosmetics has decreased. This is due to the reduced outings, closed workplaces, and lockdown. Also, premium beauty-product retailers were forced to close, affecting roughly 30% of the beauty-industry market. In the short term, consumers in various markets have chosen to spend less on cosmetic items. In a similar vein, prior to the COVID-19 issue, in-store shopping for key cosmetic products accounted for over 80% of beauty product purchases, with some variance by subcategory. Despite this, the industry has reacted well to the issue, with manufacturers switching production to hand sanitizers and cleaning chemicals and offering free beauty treatments to first responders..


However, the e-commerce giants have reported a significant increase in sales of cosmetic products during the lockdown. For instance, for Amazon, there was a significant increase in year-on-year sales for cosmetics products. Since, isoamyl acetate and other chemical products have also emerged as the performing product segments in the personal care industry during the pandemic.


Market Dynamics


Drivers



  • GROWTH OF PERSONAL CARE INDUSTRY


Isoamyl acetate is major used in personal care and cosmetics products primarily for nail varnish and removal application since it consist of good solvency. The growing number of innovative beauty products, as well as the desire to look beautiful, has resulted in a huge increase in the market for cosmetics and beauty goods.


Restraints



  • STRINGENT REGULATIONS


In the United States, the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA) regulate the amount of isoamly acetate allowed in various foods and beverages. Government rules restricting the use of isoamyl acetate as a flavouring additive may limit industry expansion. Changes in consumer behaviour toward the adoption of natural products may also have an impact on the market's overall growth.


Opportunity



  • STRONG FOCUS OF KEY PLAYERS ON ORGANIC STRATEGIES


the global iso amyl acetate market is predicted to grow significantly owing to constant demand from firms that make food and drinks, fragrances, and cosmetics, which results in expansion of production capacities, widening distribution networks to attrack the customers, and rising investment by the vendors to meet the growing demand from end use industries. Furthermore, the ester is used as a flavoring compound in many foods and drinks, such as honey, butterscotch, artificial coffee, beverages and perfumes.


Trend



  • WIDESPREAD USE OF ISOAMYL ACETATE


Iso amyl acetate is extremely soluble in most organic solvents and slightly soluble in water. It is primarily used in foods to impart a banana flavour. Since, pear oil is a solution of iso amyl acetate in ethanol which is often used as an artificial taste in food industry. This significant commercial solvent is used to transport compounds like nitrocellulose.


Furthermore, iso amyl acetate is found in nature as the honey bee's warning pheromone. Many synthetic flavours, such as apple, banana, and even coffee, are made with it. More than 40 tastes contain iso amyl acetate. Henceforth, growing application of isoamyl acetate in food industry is expected to offer optimistic growth opportunity to global market.


Segmentation


By Application



  • Food and Beverage

  • Cosmetics

  • Textile

  • Pharmaceuticals

  • Other End-user Industries


Regional Analysis


Asia-Pacific led the global market which accounted for more than 40% of market share across global isoamyl acetate market during the review period. This growth is due to increasing use of isoamyl acetate in food and beverage, personal care, and pharmaceutical industries in developing nations like China, India, Japan, and South Korea.


According to MRFR Analysis, China is one of the leading country for pharmaceutical market, and is still developing. The economic and demographic development, government stimulus, increased public health awareness, market consolidation, and greater R&D activites by the manufacturers are various factors in the growth of pharmaceutical sector within the next decade.


In comparison to developed or even developing economies, India currently has a lower penetration of personal care products. However, as the Indian economy improves and the population's purchasing power rises, the country's adoption of personal care products is likely to rise.


According to a research released by the Ministry of Economy and Business, the country's beauty and personal care (BPC) industry is predicted to reach more than USD 10 billion by 2021, with an CAGR of of 5% - 6%. With expanding shelf space in retail stores and boutiques in India, the personal care and cosmetics sector is likely to continue to rise.


Supply Chain


The supply chain analysis enables the reader to comprehend the steps and stakeholders involved in producing and distributing Isoamyl Acetate. The Isoamyl Acetate supply chain includes raw materials & suppliers, producers, distribution & sales channels, and end use.


The global Isoamyl Acetate market comprises a significant number of tier-1, tier-2, and small unorganized players. Some key Isoamyl Acetate manufacturers include Thermo Fisher Scientific, Finetech Industry Limited, Chemoxy International Ltd., Ernesto Ventós, S.A., Merck KGaA, LGC Limited, BASF SE, Dow., and others. The distribution channel comprises entities involved in the process, such as distributors, wholesalers, retailers, and value-added resellers (VARs) to make the final product available in the market for end-users.


Competitive Landscape


The competitive landscape offers an analysis of the key developments by the companies operating in the global market in the last three years. The global market for synthetic fibers is projected to witness healthy growth during the forecast period, owing to the high demand from end-use applications such as food & beverages, textile, pharmaceuticals, cosmetics, and other application. The key players operating in the global Isoamyl Acetate market include Thermo Fisher Scientific, Finetech Industry Limited, Chemoxy International Ltd., Ernesto Ventós, S.A., Merck KGaA, LGC Limited, BASF SE, Dow, and others.


Report Overview:


The Isoamyl Acetate market is segmented by application, and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Isoamyl Acetate emerging and fast-growing segments, regions, and countries.


Objectives of the Study



  • To get a comprehensive overview of the global Isoamyl Acetate market

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments

  • To gain insights about the key country/region in which the market is growing


Intended Audience



  • Personal Care Industry

  • Cosmetics Industry

  • Research Institutes

  • Academic Institutes

  • Government Organizations



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: USD 455.27 millions
  CAGR   5.5% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data    2019 &2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa
  Key Vendors   Thermo Fisher Scientific, Finetech Industry Limited, Chemoxy International Ltd., Ernesto Ventós, S.A., Merck KGaA, LGC Limited, BASF SE, Dow, and others
  Key Market Opportunities   Strong focus of key players on organic strategies
  Key Market Drivers   Growth of personal care industry


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Frequently Asked Questions (FAQ) :

The global Isoamyl Acetate market would register a growth of 5.5%.

The personal care industry will play a prominent role in taking the market forward.

Stringent regulation on isoamyl acetate could restrain the market.

Asia-Pacific would enjoy the upper hand in the Isoamyl Acetate market.

China, as the largest consumer, would set the trend.