Press release
Nootkatone Market to Witness Robust Expansion by 2023
Nootkatone is a natural organic compound and is the most important and expensive aromatic of grapefruit. It is a sesquiterpene and a ketone.
In the coming years there is an increasing demand for Nootkatone in the regions of North America, Europe and Asia, is expected to drive the market for more Nootkatone. Growth is attributed to the development of F&F and economic.
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Global Nootkatone Market: Forecast by Type / Application / Region
Globally, the Nootkatone industry market is concentrated as the manufacturing technology of Nootkatone. And some enterprises, like Isobionics B.V., Aromor, Frutarom and Penta are well-known for the wonderful performance of their Nootkatone and related services. At the same time, United States is remarkable in the global Nootkatone industry because of their market share and technology status of Nootkatone.
The consumption volume of Nootkatone is related to downstream industries and global economy. Although there will always be some uncertain in the global economy in the following years, the growth rate of Nootkatone industry may still keep that fast. And it is surely forecasted that the market of Nootkatone is still promising.
Over the next five years, LPI(LP Information) projects that Nootkatone will register a 13.5% CAGR in terms of revenue, reach US$ 490 million by 2023, from US$ 260 million in 2017.
Global Nootkatone Market: Key Players
Evolva
Isobionics
Aromor
Frutarom
Penta
PUYI BIOLOGY
Vishal Essential
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Related Information:
United States Nootkatone Market Research Report 2018
Europe Nootkatone Market Research Report 2018
North America Nootkatone Market Research Report 2018
Asia-Pacific Nootkatone Market Research Report 2018
China Nootkatone Market Research Report 2018
EMEA Nootkatone Market Research Report 2018
Global Nootkatone Market Research Report 2018
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