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Delta Octalactone Market Overview
The Delta Octalactone Market size is forecasted to grow at a CAGR of 3.5% during the
forecast period 2022-2027. Delta octalactone is a organic intermediate
compound that can be used in a wide range of industries such as pharmaceutical and agrochemical.
It is an aromatic compound with coconut, peach, and creamy cocoa flavor. It is
available in colorless to pale yellow form and can be used most commonly in
cheese, coconut cream, and tropical vanilla. In many applications, it is
utilized as coumarin
replacer. Several research and developmental activities have been carried out in the
field of delta octalactone, for instance, the biosynthesis of delta octalactone
is going on by the lipoxygenase pathways. Staphylococcus
aureus delta toxin is a type of toxin which is formulated by staphylococcus
aureus. Few types of lactones are observed as effective against staphylococcus
aureus.
COVID-19 Impact
Many industries
across the globe have faced several challenges due to the COVID-19 pandemic.
The industries such as cosmetic and personal care, food and beverages, and
agriculture including many others have experienced pitfalls. Many projects in
such industries have been halted due to an interrupted supply chain and
employee shortages due to quarantines. Also, the production and demand in cosmetic
and personal care industry has declined due to an interrupted supply chain and
cessation in transportation. Also,
according to L’Oréal, in 2020, the Q1 cosmetics sale of the company declined by
8%. Thus, the global pause in industrial production and
distribution, the demand and consumption of delta octalactone has hampered to
an extent in several industries. Moreover, a decrease in the demand for
agrochemicals has also hampered the market growth during the pandemic.
Report Coverage
The “Delta Octalactone Market Report – Forecast
(2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments
of the delta octalactone industry.
Key Takeaways
- The remarkable growth in global food and beverages is driving the growth of global delta octalactone market.
- Delta octalactone plays an important role in several applications such as food flavor, aroma chemicals, and agrochemicals which is expected to provide significant growth opportunity for the global market.
- Asia Pacific is the dominating region in the global delta octalactone market. This growth is mainly attributed to the increased demand for delta octalactone in cosmetic and personal care industry.
Delta Octalactone Market Segment Analysis – By Application
The food flavor segment
held the largest delta octalactone market share in 2021, with a share of over 32%.
Delta octalactone is an aroma compound comprising of different flavors such as
peach, coconut, and cocoa. Thus,
it is extensively used in food and beverages as a flavouring agent. It owns
sweet and creamy odour. It is considered as remarkable flavor constituent in
range of natural products. It can be used with food products such as butter, cheese,
cream, burley tobacco, and yogurt including many others. Thus, increase in the use
of delta octalactone as food flavor is expected to provide substantial growth
opportunities in the global market during the forecast period.
Delta Octalactone Market Segment Analysis – By End Use Industry
The cosmetic and personal care segment is expected to grow at a fastest CAGR of 4.7% during the forecast period in the global delta octalactone market. Delta octalactone is a common compound in dairy products and can be utilized as an ingredient in range of products as flavoring agent. It is utilized as fragrant is creamy textured household products. It can be used as flavor and fragrance compound in range of cosmetics products such as shampoo, hair conditioner, shower gel, and liquid soap including many others. According to the Unilever press release 2021, the beauty and personal care underlying sales rose by 3.8%, price by 3.0%, and volume by 0.8% in 2021. Thus, the growth cosmetic and personal care industry is further boosting the demand for delta octalactone.
Delta Octalactone Market Segment Analysis – By Geography
Asia Pacific held the largest delta octalactone market share in 2021, with a share of 34%. This growth is mainly attributed to the increase in demand for delta octalactone in several end use industries in this region such as pharmaceutical, cosmetic and personal care, food and beverages, and agriculture including others. The presence of numerous developing countries such as China, India, Indonesia, and Malaysia including others are the major countries supporting the growth of the market. According to data from Malaysia External Trade Development Corporation, in 2019, the cosmetics and personal care sales in Malaysia accounted for $5 billion. Thus, industrial development in this regional in driving the growth of delta octalactone in this region.
Delta Octalactone Market Drivers
Surge in demand for agrochemicals
Delta octalactone is considered as significant organic intermediate which is present in coconut oil, peaches, cheese, and butter oil. It is used in wide range of application such as dyestuff, agrochemicals, feed additive, and aroma chemicals including many others. In agrochemicals, it is used as an aroma ingredient during their manufacturing process. The growth in agricultural harvest and surge in crop production across the globe is creating a high demand for delta octalactone market. According to the World Bank, the global agricultural, fishing, and forestry growth accounted to around 2.04% in 2020. Thus, the increasing production and development in the agricultural sector is driving the market and offering growth in the global delta octalactone industry.
Significant Growth in Food and Beverages Industry
Delta octalactone is concentrated flavor and aromatic ingredient which can be used in flavor and fragrance compounds. Naturally, it is found in raspberry and coconut and own creamy and fruity odor. It is used in range of chemical products and extensively used in food and beverages industry as flavoring agent. For instance, it is used in skimmed milk powder to add coconut flavor in it. The global growth of food and beverage sector is driving the delta octalactone market. According to the India Brand Equity Foundation (IBEF), the food processing sector in India will reach USD 535 billion by the year 2025-26. Delta octalactone is majorly used in food and beverages industry to include creamy, fruity, and dairy flavors to the food products. Thus, growth of food and beverages industry is fueling the global delta octalactone market.
Delta Octalactone Market Challenges
Regulations related to the production and storage of delta octalactone
Delta
octalactone is widely used as flavoring and fragrance agent in range of
industries such as food and beverages, cosmetics and personal care, and
agriculture including many others. However, the product is used directly is
consumer products, thus, the manufacturing companies need to comply with
several regulation related to the manufacturing of delta octalactone. The
complying factors such as nutritional information, allergen testing, dietary
restriction, and gluten free declaration etc. However, the product is heat and
light sensitive, thus, it needs to be stored in cool, dry, and well-ventilated
place. Thus, regulation and storage restrictions related to delta octalactone
may hamper the market growth.
Delta Octalactone Industry Outlook
Delta Octalactone market top
10 companies include -
- Firmenich SA
- Aurochemicals
- Foreverest Resources Ltd.
- Vigon International, LLC.
- Soda Aromatic Co. Ltd.
- Shenzhen Simeiquan Biotechnology Co., Ltd.
- Xiamen Miracle
Bio-Technology Co., Ltd.,
- Guangzhou Rihua Flavor & Fragrance Co., Ltd.
- Kunshan Odowell
Co. Ltd.
- De Monchy Aromatics
Recent Developments
- In December 2021, Firmenich, the world largest fragrance and taste company has announced a new fragrances collection named Pure Imagination inspired by Pentone 17-3938 Very Peri.
Relevant Reports
Aroma Chemicals Market Analysis -
Forecast(2022 - 2027)
Report Code: CMR 0330
Flavors and Fragrance Market - Forecast(2022 - 2027)
Report Code: FBR 0178
Flavors Ingredients Market - Forecast(2022 - 2027)
Report Code: FBR 0532
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