Isophytol Market Trends, Scope, Demand, Opportunity and Forecast by 2022-2027

According to IMARC Group's latest report, titled "Isophytol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global isophytol market reached a value of US$ 498.8 Million in 2021.Looking forward, IMARC Group expects the market to reach US$ 665.4 Million by 2027, exhibiting at a CAGR of 5.21% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Isophytol (C20H40O) refers to a clear, colorless, and viscous liquid manufactured via subsequent acidification and transition-metal-catalyzed addition of malonic ester to myrcene. It is widely used as a fragrance component in the production of perfumes, creams, lotions, shampoos, soaps, and other beauty and personal care products. In line with this, isophytol is also utilized as a flavoring agent in food products, including processed vegetables, sauces, meat, fish, salads, soups, sweeteners, etc. As a result, it finds wide-ranging applications in the manufacturing of synthetic vitamins E and K.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report

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The escalating demand for dietary supplements, owing to the growing consumer towards the benefits of functional food, is primarily augmenting the isophytol market. Furthermore, the expanding geriatric population, the increasing sales of personal care products, extensive investments in R&D activities by leading manufacturers, and the inflating need for cosmetics that help in preventing age-related disorders and support immune health are acting as significant growth-inducing factors. Apart from this, the widespread adoption of ready-to-eat (RTE) food items, on account of the rising urbanization levels and hectic schedules of individuals, is positively influencing the global market. Moreover, the elevating requirement for household cleaning goods to sanitize surfaces is also bolstering the market growth. Besides this, isophytol synthesizes vitamin E, which is added as an active component, thereby catalyzing the global market. Additionally, international organizations are focusing on using sanitization to prevent the spread of the sudden outbreak of the COVID-19 pandemic, which is expected to fuel the isophytol market over the forecasted period. 

Isophytol Market 2022-2027 Competitive Analysis and Segmentation:

Breakup by Fragrance Type:

Floral
Herbal 
Others

Breakup by Sales Channel:

Online
Offline

Breakup by Application:

Supplements
Cosmetics
Industrial

Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Some of these key players include:

Augustus Oils Ltd.
BASF SE
Carbosynth Ltd
Haihang Industry Co. Ltd.
Hefei TNJ Chemical Industry Co. Ltd.
Merck KGaA
Molekula Group
Santa Cruz Biotechnology Inc.
Thermo Fisher Scientific Inc.
Tokyo Chemical Industry
Vigon International LLC (Azelis).

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Key highlights of the report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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