Allyl Caproate market is predicted to grow at a CAGR of 4.5 % during the period between 2023-2028.
Allyl caproate which is commonly known as allyl hexanoate is a colourless to slightly yellowish colour liquid that is produced by the process of chemical synthesis. It is a variant of allyl ester that is naturally present in fruits such as apple, pineapple, and others in a meagre percentage.Allyl caproate has a pleasant smell and taste, because of which it is being used widely for the production of perfumes. It is also utilized as an important raw material for the manufacturing and production of plasticizers that are largely used in polyvinyl chloride (PVC) resins. This is projected to facilitate growth in the market of Allyl Caproate.
The burgeoning demand for different and innovative fruity fragrances and flavours across different sectors such as food and beverages, personal care and cosmetics, home care etc. is anticipated to drive the market and provide lucrative growth opportunities for the Allyl Caproate market.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
4.5% |
Segments Covered |
By Product, Type, Consumption, Distribution Channel and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Vigon International Inc., Merck KGaA, Frutarom Industries Ltd., Ernesto Ventós, S.A., Symrise AG, Novaphene Specialties Pvt. Ltd., Augustus Oils Ltd., ProdaSynth, Indukern S.A. |
The fragrance and perfume industry largely drives the Allyl Caproate market. Though it is naturally found in apple and pineapple, it has an odour that resembles raspberry, apple, pear, pineapple, and cider fruity flavours such as orange and grapefruit. Owing to this diverse odour profile, allyl caproate is utilized as a part of the top note fruit complexes, and for providing typical fruity attributes to the perfumery products. Hence, the growing adoption of fragrances and flavours across the rapidly expanding home care, personal care, and food & beverage industries is projected to boost the sales of Allyl Caproate in the global market
The Growing trend of adopting clean-label products and the rising shift in consumer preferences and choices towards all-natural food & beverage and personal care and cosmetic products is dampening the market for Allyl Caproate. Due to this particular reason the industry players abstain from using artificial flavouring agents such as Allyl Caproate. Additionally, there are certain side-effects of using Allyl Caproate. The rising awareness regarding these side effects associated with the consumption of Allyl Caproate like redness of the mucosal surfaces in the intestines and urinary bladder, thickening of the walls of the intestine, and others is hampering the sales in the market. This is expected to hinder the growth of the Allyl Caproate market globally.
By Grade:
Food Grade Allyl Caproate
Cosmetic Grade Allyl Caproate
Based on grade, the Allyl Caproate market can be segregated into two categories. They are Food Grade Allyl Caproate and Cosmetic Grade Allyl Caproate. The food-grade Allyl Caproate is touted to be the dominant segment because of its wide application in the industry. It is used in the manufacture of snacks, bakery products, soft drinks and confectioneries to impart a fruity flavour and enhance the fragrance of these products. Due to its wide applicability in the various industries the market segment is dominated by the food-grade category.
The rising demand for ready to eat food and beverage products is also creating a surge in this market and boosting its growth by volume and share.
By End Use:
Food and Beverage
Bakery and Confectionery
Ice creams
Soft and Cold Drinks
Cosmetics & Personal Care
Home Care
Others
Based on end-use, the Allyl Caproate market can be segmented into Food and Beverage, Bakery and Confectionery, Ice creams, Soft and Cold Drinks, Cosmetics & Personal Care, Home Care and Others. The Food and Beverage Industry is the leading segment in the market component and is witnessing the highest market share with strong market growth during the forecast period in the global market. This is because of the wide applicability of Allyl Caproate in the bakery and confectionery, beverages industry and ready-to-use food segment etc.
North America accounts for the lion’s share in the global Allyl Caproate market. It is expected to continue to dominate the market over the forecast period 2022-2027. With the increasingly fast-paced lifestyle and growing working-class population across the countries such as Canada and the U.S. the demand for ready-to-eat food & beverage products, bakery products, snacks, soft drinks, and confectioneries is growing at a fast pace in North America.
This, in addition to the introduction of beverages such as juices, shakes, carbonated drinks, smoothies and mocktails, with innovative mouth-watering flavours is a further addition to their demand. Because Allyl Caproate is extensively used for enhancing the flavour and fragrance of these products, launches of such new and innovative products are expected to favour the growth in the North American market.
The Asia Pacific region is anticipated to exhibit growth at a rapid CAGR in the global Allyl Caproate market from 2022 to 2027. Allyl Caproate is finding a wide range of applications across the personal care & cosmetics industry as astringent, masking, and emollient agents. It is extensively being used in the production of various personal care products such as shower gel, soap, body lotion, essential oils and others.
Additionally, a rapid increase in demand for home care products such as floor cleaners, detergents, liquid bleach, garment softeners, and others is being witnessed. As these Allyl esters play a significant role in the making of these highly fragrant liquids, surging demand for these products is projected to facilitate the growth of the market in the Asia Pacific region.
Latin America
The Middle East and Africa
Europe
Frutarom Industries Ltd.
Ernesto Ventós, S.A.
Symrise AG
Novaphene Specialties Pvt. Ltd.
Augustus Oils Ltd.
ProdaSynth
Indukern S.A.
Oth
FAQ's
Some of the key players in the Allyl Caproate Market are:
· Vigon International Inc.
· Merck KGaA
· Frutarom Industries Ltd.
· Ernesto Ventós, S.A.
· Symrise AG
North America is the largest market for Allyl Caproate
The growing trend of adopting clean-label products and the rising shift in consumer preferences and choices towards all-natural food & beverage and personal care and cosmetic products is dampening the market for Allyl Caproate
The fragrance and perfume industry largely drives the Allyl Caproate market. Owing to this diverse odour profile, Allyl Caproate is utilized as a part of the top note fruit complexes, and for providing typical fruity attributes to the perfumery products. Hence, the growing adoption of fragrances and flavours across the rapidly expanding home care, personal care, and food & beverage industries is projected to boost the sales of Allyl Caproate in the global market
Allyl caproate which is commonly known as allyl hexanoate is a colourless to slightly yellowish colour liquid that is produced by the process of chemical synthesis. It is a variant of allyl ester that is naturally present in fruits such as apple, pineapple, and others in a meagre percentage.
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