Ethyl Maltol Market to Witness a Staggering Growth between 2020 and 2030Global Ethyl Maltol Market: Introduction
Flavors & fragrances is an important ingredient for food & beverage and perfumery industry. Flavors represent over a quarter of global food additive market. Ethyl Maltol is a white solid, non-toxic, aromatic additive material characterized by its sweet smell like caramel sugar, candy and baked fruit. Ethyl maltol has a significant effect on enhancing the flavor of food. It can effectively preserve food and also increases the sweetness of certain food products.
Ethyl Maltol is widely used in end-use industries like food & beverage, pharmaceuticals, cosmetics & personal care, tobacco industry along with other industries such as animal feed & poultry. Most widely ethyl maltol is consumed by food & beverage industry where ethyl maltol is used as flavor enhancer, preservatives or bacteriostatic agent.
Ethyl Maltol is used in similar applications as of maltol; however, the methyl group in maltol is replaced by ethyl group and is more intense than maltol. Maltol is naturally occurring flavor enhancer while ethyl maltol is synthetically produced organic compound with fragrant aroma. Ethyl maltol can be produced by different methods such as meconic acid method, furfural method and furfuryl alcohol method, amongst which furfuryl alcohol method is preferred due to its high yield; however, it is slightly time consuming process.
In furfuryl alcohol method, α-ethylfurfuryl alcohol is treated with halogen (bromine) give an intermediate which is further converted to ethyl maltol by hydrolysis. However, high dietary intake of ethyl maltol may cause headache, nausea & vomiting and could even affect the functioning of liver and kidney.
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Global Ethyl Maltol Market: Dynamics
Tobacco industry is an emerging market for ethyl maltol as it has wide range of applications both in flavoring and fragrance such as chewing tobacco, and cigarette. Innovations in e-cigarette will be responsible for further growth of ethyl maltol in tobacco industry.
Changing lifestyle and increasing purchasing power in developing countries has up surged the demand of ethyl maltol market in cosmetics & personal care applications and is expected to witness significant growth in near future. In developed countries niche applications such as animal feed & poultry is expected to grow at comparatively at higher rate on account of low base effect. Development of new applications of ethyl maltol in food & beverage industry is an important aspect for the market growth.
Implementation of regulatory standards regarding the consumption of ethyl maltol is estimated to cause hindrance in the market growth. Increase in China’s dominance over ethyl maltol production may affect the market share or profit margins of other international players.
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Global Ethyl Maltol Market: Segmentation
The global Ethyl maltol market can be segmented on the basis of its purity and its end-use industries.
The global Ethyl maltol market is segmented on the basis of its purity:
• High Purity (99%)
• Ultra high purity (≥99%)
The global Ethyl maltol market is segmented on the basis of its end-use industries:
• Food & beverage
• Cosmetics & Personal care
• Others (Animal feed & Poultry)
Global Ethyl Maltol Market: Regional Outlook
Asia-Pacific is one of the prominent consumer of ethyl maltol and is expected to grow at relatively higher rate owing to increasing use of processed foods. Moreover, improving standard of living in countries like China, India and South Korea are likely to help Asia-Pacific region to increase its share in global market.
North America is another important region in terms of ethyl Maltol consumption owing to its pre-dominance in food & beverage, pharmaceuticals and cosmetics industry. Western Europe ethyl maltol market is anticipated to closely follow the pattern similar to North America; however average growth rate of ethyl maltol in the European region is expected to be lower than North America due to increasing stringency of regulatory standards related to food & beverage and pharmaceutical industry. Other regions like South America and Middle East & Africa are expected to grow at modest rate during the forecast period.
Global Ethyl Maltol Market: Key Participants
Examples of some of the market participants operating in the global Ethyl Maltol market are:
• Hefei TNJ Chemical Industry Co.,Ltd.
• Anhui Biochem United Pharmaceutical
• Anhui Jinhe Industrial
• Beijing Tainlihai Chemical Co.Ltd.
• Forever Chemcial Co. Ltd
• Haihang Industry
• Shaanxi Teamhan Biological Technology Co., Ltd.
• Shaanxi Top Pharm Chemical Co. Ltd.
• Shandong Huitong Lihua Biological Technology Co., Ltd.
• Shanghai Aipu Food Industry Co., Ltd.
• Spectrum Chemcial Mfg Corp.
• Zhaoqing Perfumery Co. Ltd.
The Ethyl Maltol market research report presents a comprehensive assessment of the Ethyl Maltol market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The Ethyl Maltol market research report provides analysis and information according to Ethyl Maltol market segments such as geographies, application and industry.
The report covers exhaustive analysis on,
• Ethyl Maltol Market Segments
• Ethyl Maltol Market Dynamics
• Ethyl Maltol Market Size
• Ethyl Maltol Supply & Demand Scenario
• Current Trends/Issues/Challenges in Ethyl Maltol market
• Competition & Companies involved in Ethyl Maltol market
• Technology used in Ethyl Maltol Market
• Value Chain of Ethyl Maltol Market
Regional analysis includes,
• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Ethyl Maltol Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Ethyl Maltol market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Ethyl Maltol market segments and geographies.
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