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Global Phloretin Market Expected to Witness a Sustainable Growth over 2023
Phloretin is a white powder solid. Phloretin is a dihydrochalcone, a type of natural phenols. The formula of phloretin is C15H14O5. It can be found in the roots and peels of juicy fruits like apple and pear. Phloretin can be widely used as antioxidant and moisturizing factor in cosmetics. Phloretin is also widely used in food industry and pharmaceutical industry.
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Global Phloretin Market: Forecast by Type / Application / Region
In 2015, the world production of phloretin reached 11173 kg. Globally, phloretin producers are concentrated in China. Though derived from developed countries in early days, China manufacturers gasped the market of phloretin soon and dominated the world supply of phloretin in later years. In 2015, China has taken 85.85% of world phloretin production. Leading players in China are Golden Health Technology and Xian Lyphar Biotech, with a tail of other producers.
The largest consumption area of phloretin is personal care. Skinceuticals and Cosmetic Skin Solutions consume large amount of phloretin to producer anti-aging essence. Phloretin can be used as edulcorant to inhibit the bitter and other uncomfortable taste in food by blends of other sweeteners NHDC or trilobatin. Phloretin can mask the unpleasant aftertaste of other sweetener. In 2015, personal care took the leading share of global phloretin consumption, with the share of 81.96%.
Over the next five years, LPI(LP Information) projects that Phloretin will register a 7.6% CAGR in terms of revenue, reach US$ 7 million by 2023, from US$ 5 million in 2017.
Global Phloretin Market: Key Players
Golden Health Technology
Xian Lyphar Biotech
Shaanxi Yi An
Shananxi Huike
Shaanxi Undersun Biomedtech
Xian Day Natural
Zhejiang Skyherb Ingredients
Jinan Prosweet Biotechnology
HBXIAN
Huatai Bio-fine
Shananxi Green Bio-Engineering
Jiangsu Boyi
HJ-Rise
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Related Information:
United States Phloretin Market Research Report 2018
Europe Phloretin Market Research Report 2018
North America Phloretin Market Research Report 2018
Asia-Pacific Phloretin Market Research Report 2018
China Phloretin Market Research Report 2018
EMEA Phloretin Market Research Report 2018
Global Phloretin Market Research Report 2018
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