Dipentene market to see robust growth rate from food & beverage sector

Dipentene market share is anticipated to witness remarkable growth prospects in the forthcoming years with regards to its extensive use in the food and beverage industry as an additive and flavoring agent. Limonene is a commonly used terpene found in nature and carries several health benefits.

Additionally, it also possesses antioxidant, anti-inflammatory, disease-preventing and anti-stress characteristics. Rapidly increasing food and beverage demand owing to the rise in disposable income among people has steered innovations in the dipentene market. With the rise in number of working women globally, there has been a veritable explosion in the demand for packaged food and beverage items.

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Another vital factor responsible for steering the demand for processed food is the rapid liberalization of international food trade that has resulted in the relaxation in trade tariffs and other duties and taxes. The aforementioned factors have led to a rapid growth in and developments in the food and beverage sector worldwide, driving dipentene market.

In terms of grade, dipentene market is segmented into food grade and technical grade. Reportedly, food-grade was the leading the aforementioned grade segment in the year 2017. This may be due to the widespread use of the product in personal care items, drugs, cosmetics and food and beverages owing to its non-toxic nature.

Moreover, food-grade dipentene is known as a biodegradable solvent that boasts of a pleasant orange aroma, being widely used as a fragrance and flavor additive in food products and packed beverages. The product is certified safe for consumption and may be used as a flavoring agent and is generally found in food items like fruit juices, pudding, soft drinks, baked goods, and ice cream.

Benefits offered through the consumption include reduced risk of heart diseases due to the reduction of risk factors like blood sugar, cholesterol, and triglyceride levels. The burgeoning use of the product in several crucial industries along with the rise in purchasing power among people will boost dipentene market forecast in the coming years.

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The use of limonene in the chemical industry is slated to witness considerable expansion over 2018-2024. The product is used in the formulation of industrial and household cleansers and as spot and stain removers owing to their superior cleansing properties and tremendous solvency.
Lately, dipentene has been replacing conventional solvents and cleansers in the automobile and industrial sector due to its versatile properties. Additionally, the product is considered as an integral ingredient of general-purpose and hand cleansers. It is also used to make solvents for resins, waxes and alkyds and to make enamels, paints, polishes, and lacquers.

Asia Pacific is expected to evolve as one of the most significant regional grounds for dipentene market share over the projected period. Robust production of orange in countries like China is supplementing the production of limonene. According to Food and Resource Economics Department, Florida, the total citrus food production in China is constantly growing and had reached close to 31 million tons in the year 2015-2016.

Moreover, the rise in disposable incomes among people has led to significant consumption trends across the region. The food and beverage sector in the region is witnessing surging demand to introduce innovative food items. Additionally, the enhanced lifestyle has also led to increased spending on personal care items, thereby driving the regional dipentene market trends.

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