The sales in the global acetoin natural market are expected to spur at a CAGR of nearly 4% to 5% during the forecast period between 2022 and 2032. Increasing usage of compounds having acetoin as intermediates and in the synthesis of rare drugs across the pharmaceutical sector is estimated to accelerate the demand for acetoin natural in the market.
Acetoin, also referred to as acetyl methyl alcohol, is one of the most important and simplest aliphatic ketones. Acetoin natural is a compound present in food products such as bananas, corn, apple, meat, cocoa, and many others.
It provides a pleasant, buttery flavor and odor to the product, making it a highly popular flavoring agent for the production of dairy products such as cream, milk, yogurt, buttermilk, and others. Acetoin natural is a colorless liquid available in both liquid and powder forms for diverse usage. Hence, growing manufacturer emphasis on increasing the production of acetoin natural to cater to the surging demand is projected to favor the growth in the global market.
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What are the Leading Drivers Elevating the Sales of Acetoin Natural in the Global Market?
Demand for acetoin natural is increasing at a rapid pace, on account of the increasing applications across various food & beverage industry products such as dairy products, ready-to-eat foods, bakery products, beverages, and packaged food products.
Thus, rising customer preference toward convenience food & beverages products due to the growing fast-paced lifestyle and growing working population is augmenting the demand for breads, yogurts, flavored milk, ice creams, cakes, pastries, wiping creams, and others.
As acetoin natural is increasingly being used as a flavoring agent in the above-mentioned products, growing consumption of these convenience food & beverages products is anticipated to accelerate the sales in the global market.
What are the Factors Creating Difficult Roads for the Acetoin Natural Market Growth?
Acetoin natural being natural flavors are particularly difficult to work with as they are extracted from natural sources. The raw materials such as cocoa, meat, and others are more expensive and difficult to store as compared to the available artificial counterparts.
In addition to this, high cost of acetoin natural and lack of intensity in comparison to conventional acetoin is expected to hinder the sales in the global market.
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Why is the Demand for Acetoin Natural Augmenting in the North America Market?
North America is anticipated to exhibit growth at a rapid CAGR in the global acetoin natural market during the forecast period 2022-2032, reveals FMI.
The food & beverage industry players are increasingly emphasizing on using natural ingredients for processed food, dairy products, bakery products, and flavored drinks, owing to shifting customer preference towards adoption of plant-based and natural products.
Consumption of acetoin natural has shown positive health effects on the human body, as the ingredient is extracted from natural sources such as fruits. Hence, rising inclination towards high quality food products coupled with growing concerns regarding health is estimated to escalate the demand for acetoin natural in the North America market.
What is the Sales Prospect of Acetoin Natural in the Asia Pacific Excluding Japan Market?
As per Future Market Insights, Asia Pacific Excluding Japan is estimated to emerge as a highly remunerative market for acetoin natural between 2022 and 2032.
Acetoin natural is finding a wide range of applications across the chemical industry, owing to its favorable synthesizing properties. It is increasingly being used as a building block for various chemicals such as diacetyl, alkyl pyrazines, and acetylbutanediol, among others.
Furthermore, it is also gaining huge traction as raw material for the production of a wide number of chemicals through oxidation and reduction reactions. Hence, rapidly expanding chemical industry and increasing application scope as intermediate & synthesizer is projected to augment the sales of acetoin natural in the Asia Pacific Excluding Japan market.
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Market Competition
Some of the leading players in the acetoin natural market profiled by FMI are Vigon International, Sunaux, Charkit Chemical Corporation, The Good Scents Company, RPX Corporation, UBM EMEA, Qingdao CEPA Energy Technology Co. Ltd, and others.
Attributed to the adoption of strategies such as production capacity expansion, merger, partnership, and acquisition by key companies, the market for acetoin natural is highly competitive.
Report Scope
Report Attribute
Details
Growth Rate
CAGR of 4% to 5% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015-2020
Forecast Period
2022-2032
Quantitative Units
Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Raw Material
Form
End Use
Region
Countries Covered
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa
Key Companies Profiled
Vigon International
Sunaux
Charkit Chemical Corporation
The Good Scents Company
RPX Corporation
UBM EMEA
Qingdao CEPA Energy Technology Co. Ltd
Others
Customization
Available Upon Request
Key Segments Profiled in the Acetoin Natural Market Survey
By Raw Material:
Corn
Grapes
Cocoa
Apples
Bananas
Cheese
Meat
Others
By Form:
Liquid Form
Powder Form
By End Use:
Food Ingredients & Beverage
Paints & Coatings
Adhesives
Cosmetics & Personal Care
Pharmaceutical
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa
Frequently Asked Questions
What is the sales forecast for acetoin natural in the global market until 2032?
FMI projects the sales of acetoin natural in the market is expected to rise at 4% to 5% value CAGR by 2032
Which region is forecast to be the most lucrative for acetoin natural market growth?
The global acetoin natural market is expected to be dominated by North America over forecast period 2022-2032.
Which are some leading acetoin natural manufacturers?
Vigon International, Sunaux, Charkit Chemical Corporation, The Good Scents Company, RPX Corporation, UBM EMEA, Qingdao CEPA Energy Technology Co. Ltd, and others are some of the leading players in the prominent acetoin natural market.
