The sales in the global acetoin natural market are expected to spur at a CAGR of nearly 4% to 5% during the forecast period between 2022 and 2032. Increasing usage of compounds having acetoin as intermediates and in the synthesis of rare drugs across the pharmaceutical sector is estimated to accelerate the demand for acetoin natural in the market.
| Report Attribute | Details |
|---|---|
| Acetoin Natural Market Projected Growth Rate (2022 to 2032) | 4% to 5% CAGR |
Acetoin, also referred to as acetyl methyl alcohol, is one of the most important and simplest aliphatic ketones. Acetoin natural is a compound present in food products such as bananas, corn, apple, meat, cocoa, and many others.
It provides a pleasant, buttery flavor and odor to the product, making it a highly popular flavoring agent for the production of dairy products such as cream, milk, yogurt, buttermilk, and others. Acetoin natural is a colorless liquid available in both liquid and powder forms for diverse usage. Hence, growing manufacturer emphasis on increasing the production of acetoin natural to cater to the surging demand is projected to favor the growth in the global market.
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Demand for acetoin natural is increasing at a rapid pace, on account of the increasing applications across various food & beverage industry products such as dairy products, ready-to-eat foods, bakery products, beverages, and packaged food products.
Thus, rising customer preference toward convenience food & beverages products due to the growing fast-paced lifestyle and growing working population is augmenting the demand for breads, yogurts, flavored milk, ice creams, cakes, pastries, wiping creams, and others.
As acetoin natural is increasingly being used as a flavoring agent in the above-mentioned products, growing consumption of these convenience food & beverages products is anticipated to accelerate the sales in the global market.
Acetoin natural being natural flavors are particularly difficult to work with as they are extracted from natural sources. The raw materials such as cocoa, meat, and others are more expensive and difficult to store as compared to the available artificial counterparts.
In addition to this, high cost of acetoin natural and lack of intensity in comparison to conventional acetoin is expected to hinder the sales in the global market.
Principal Consultant
North America is anticipated to exhibit growth at a rapid CAGR in the global acetoin natural market during the forecast period 2022-2032, reveals FMI.
The food & beverage industry players are increasingly emphasizing on using natural ingredients for processed food, dairy products, bakery products, and flavored drinks, owing to shifting customer preference towards adoption of plant-based and natural products.
Consumption of acetoin natural has shown positive health effects on the human body, as the ingredient is extracted from natural sources such as fruits. Hence, rising inclination towards high quality food products coupled with growing concerns regarding health is estimated to escalate the demand for acetoin natural in the North America market.
As per Future Market Insights, Asia Pacific Excluding Japan is estimated to emerge as a highly remunerative market for acetoin natural between 2022 and 2032.
Acetoin natural is finding a wide range of applications across the chemical industry, owing to its favorable synthesizing properties. It is increasingly being used as a building block for various chemicals such as diacetyl, alkyl pyrazines, and acetylbutanediol, among others.
Furthermore, it is also gaining huge traction as raw material for the production of a wide number of chemicals through oxidation and reduction reactions. Hence, rapidly expanding chemical industry and increasing application scope as intermediate & synthesizer is projected to augment the sales of acetoin natural in the Asia Pacific Excluding Japan market.
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Some of the leading players in the acetoin natural market profiled by FMI are Vigon International, Sunaux, Charkit Chemical Corporation, The Good Scents Company, RPX Corporation, UBM EMEA, Qingdao CEPA Energy Technology Co. Ltd, and others.
Attributed to the adoption of strategies such as production capacity expansion, merger, partnership, and acquisition by key companies, the market for acetoin natural is highly competitive.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Raw Material, Form, End Use, Region |
| Countries Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Companies Profiled | Vigon International; Sunaux; Charkit Chemical Corporation; The Good Scents Company; RPX Corporation; UBM EMEA; Qingdao CEPA Energy Technology Co. Ltd; Others |
| Customization | Available Upon Request |
FMI projects the sales of acetoin natural in the market is expected to rise at 4% to 5% value CAGR by 2032
The global acetoin natural market is expected to be dominated by North America over forecast period 2022-2032.
Vigon International, Sunaux, Charkit Chemical Corporation, The Good Scents Company, RPX Corporation, UBM EMEA, Qingdao CEPA Energy Technology Co. Ltd, and others are some of the leading players in the prominent acetoin natural market.
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Acetoin Natural Market
