Ethyl Levulinate Market Trends, Size, Growth Insight, Share, Competitive Analysis, Regional and global Industry Forecast To 2029
According to Fortune Business Insights™ The global ethyl levulinate market is set to gain traction from their extensive usage in fragrances and flavors of food items. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Ethyl Levulinate Market Size, Share & Industry Analysis, By Type (Food Grade, Industrial Grade), By Application (Food Additive, Fragrances, Others) and Regional Forecast, 2021-2028.” The report further states that ethyl levulinate is produced with the help of an environmentally friendly catalyst from biomass-derived furfuryl alcohol.
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This Report Answers the Following Questions:
- Which segment is set to lead the market in the coming years?
- What are the market growth drivers, dynamics, and obstacles?
- How will the key companies increase sales of ethyl levulinate?
- What are the historical, current, and forthcoming sizes of the market?
Drivers & Restraints-
Rising Usage in Food Additives & Aroma to Propel Growth
Ethyl levulinate has been used as food aroma and food additives since the past few years. In developing countries, the changing buying habits of people, as well as the increasing disposable incomes would augment the demand for ethyl levulinate. Apart from that, the Food & Extract Manufacturing Association (FEMA) claimed that the product is safe for human use as long as it follows certain regulatory requirements.
However, long exposure to ethyl levulinate can cause eye irritation, lung injury, coma, narcosis, dizziness, and behavioral changes. This factor may hamper the ethyl levulinate market growth in the near future.
Increasing Usage in Perfumes & Body Sprays to Favor Growth in Latin America
Geographically, Asia Pacific is anticipated to lead in the coming years by generating the largest ethyl levulinate market share. This growth is attributable to the high demand from China and India. Additionally, the rising population of working women, hectic lifestyles, and rapid urbanization are some of the factors that are augmenting the demand for ready-to-eat food items in this region. It is further set to spur the demand for ethyl levulinate. In North America, the rising demand to enhance colors and flavors of food is likely to boost growth. Latin America is expected to grow steadily fueled by the increasing usage of ethyl levulinate in body sprays and perfumes.
Key Players Focus on Launching Unique Solutions to Intensify Competition
The companies present in the global market are striving to come up with new solutions that would be environmentally friendly and wouldn’t harm human beings. Some of the others are investing hefty amounts of money in conducting research and developments activities. Below is a recent industry development:
- December 2019: Axxence Aromatic GmbH, a prominent chemical company headquartered in Germany launched its new 1% solution in triacetin or ethanol. It is natural trans-2, cis-6-nonadienal. It is a natural flavoring preparation that is 100% sustainable.
Inquiry before buying:
Fortune Business Insights™ lists out the names of all the ethyl levulinate manufacturers operating in the global market. They are as follows:
- Axxence Aromatic
- Beijing Lys Chemicals Co., Ltd.
- Alfa Aesar
- Fleurchem Inc.
- Lluch Essence S.L
- Advanced Biotech Inc.
- Bedoukian Research
- Berje Inc.
- Elan Incorporated
- Indukern F&F Ingredients Division
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