According to IMARC Group’s latest report, titled “Isophytol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global isophytol market reached a value of US$ 498.8 Million in 2021.Isophytol (C20H40O) refers to a colorless, clear, and viscous terpenoid alcohol. It is manufactured via the acidification and transition-metal-catalyzed addition of malonic ester to myrcene. Isophytol is used in the production of synthetic vitamin K and E. It is also utilized as a fragrance component in the manufacturing of creams, lotions, perfumes, soaps, and other personal care and beauty products. Additionally, it finds application as a flavoring agent in numerous food items, such as meat, sauces, processed vegetables, fish, salads, soups, sweeteners, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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The rising demand for household cleaning products to sanitize various surfaces is one of the key factors driving the isophytol market. Apart from this, the growing requirement for dietary supplements, owing to the shifting preferences of consumers towards functional food, is further catalyzing the market growth. Moreover, the escalating need for isophotal in cosmetics and new product line-ups with toiletries is acting as another significant growth-inducing factor. Besides this, the increasing product demand in the production of phytol, which is used in the healthcare industry to prevent congenital disabilities, alleviate itching, reduce anxiety, etc., is augmenting the global market. Furthermore, the elevating utilization of aroma chemicals to manufacture toiletries, perfumes, food scents, medical components, etc., is also positively influencing the market growth. In addition to this, the emerging trend of medicated personal care and the inflating popularity of vitamin supplements are anticipated to fuel the isophytol market in the coming years. Looking forward, IMARC Group expects the market to reach US$ 665.4 Million by 2027, exhibiting at a CAGR of 5.21% during 2022-2027.
Competitive Landscape:
- 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).
Key Market Segmentation:
Breakup by Fragrance Type:
- Floral
- Herbal
- Others
Breakup by Sales Channel:
- Online
- Offline
Breakup by Application:
- Supplements
- Cosmetics
- Industrial
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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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