The global allyl heptanoate market is estimated CAGR of around 6% to 7% during the forecast period 2022-2032. Surging demand for innovative fruity fragrances and flavors across various sectors such as food & beverages, perfumes, personal care & cosmetics, home care, and others is anticipated to create growth prospects in the allyl heptanoate market.
Report Attribute | Details |
Allyl Heptanoate Market Projected Growth Rate (2022-2032) | 6% to 7% CAGR |
Allyl Heptanoate, also known as 2-propenyl ester and heptanoic acid, is a type of chemical compound used in banana-flavored, apple-flavored, pineapple-flavored, and other soft drinks and alcoholic beverages. It is a colorless to pale yellowish color liquid produced by chemical synthesis processes. It is a type of allyl ester that is present naturally in fruits various fruits in a minimal percentage.
Allyl heptanoate has medium odor strength and fruity flavor as in apple, banana, pineapple, and other tropical and waxy fruits.
The allyl heptanoate market is predominantly driven by the perfume and fragrance industry. Though it is naturally found in pineapple, banana, and apple, it has an odor that resembles to fruits such as pear, raspberry, pineapple, orange, grapefruit, and others.
Favored by this diverse odor profile and excellent solubility in water and alcohol, allyl heptanoate is extensively used as a part of the top note fruit complexes and essence for imparting fruity characteristics into the perfumery products. Thus, increasing adoption of these allyl esters across various sectors such as home care, perfumes, cosmetics, and others is estimated to accelerate the sales of allyl heptanoate in the global market.
Consumption of allyl heptanoate can result in causing various side effects such as thickening of the intestinal walls, redness of the mucosal surfaces in the intestines and urinary bladder, and others, which are impeding the sales in the global market.
In addition to this, there is a swift rise in the trend of demand clean-label products and shift in consumer preference for opting for all-natural personal care and food & beverage products. This is discouraging aforementioned product manufacturers from using artificial perfuming and flavoring agents such as allyl heptanoate, which is in turn, hampering the growth in the global market.
As per Future Market Insights, North America is estimated to account for the dominant share in the global allyl heptanoate market between 2022 and 2032.
Recently research & development activities and innovation in the food & beverage industry have made it possible for the industry players to use allyl heptanoate at a large scale for mass production of food & beverage products.
Also, numerous regulatory organizations are approving the use of allyl heptanoate across diverse industries. For instance, Foreign Exchange Management Act (FEMA) has listed allyl heptanoate in the Generally recognized as safe (GRAS) list, where the average maximum parts per million of these allyl esters are allowed in the non-alcoholic beverages, baked goods, frozen dairy products, chewing gum, hard candy, and puddings in proportion of 1.3, 6.4, 2.7, 86.0, 6.4, and 2.9 respectively. This is anticipated to drive the growth in the North America market.
Western Europe is anticipated to exhibit growth at rapid CAGR in the global allyl heptanoate market during the forecast period 2022-2032, reveals FMI.
Due to the rising fast-paced lifestyle across the countries such as the U.K., Germany, France, Italy, and others, demand for bakery products, soft drinks, confectioneries, and other ready-to-eat food & beverage products is growing at a rapid pace in Western Europe.
This, in addition to the introduction of novel beverages including non-alcoholic beverages such as mocktails, carbonated drinks, juices, and alcoholic beverages such as wine, cider, and others is increasing the demand for these products. As allyl heptanoate is added to these beverages for enhancing their aromatic and flavoring characteristics, growing demand for these beverages is expected to bolster the sales in the Western Europe market.
Some of the leading players in the allyl heptanoate market are S. International GmbH, Advanced Biotechnology, Inc., Aurochemicals, Berje Inc., Elan Inc., Frutarom Industries Ltd., Global Essence UK Ltd., Interdonati, Inc., Indukern, S.A., Inoue Perfumery MFG. Co.,Ltd., Kingchem Life Science LLC, and others.
Attributed to the adoption of strategies such as production capacity expansion, merger, collaboration, and acquisition by key companies, the market for allyl heptanoate is highly competitive.
Report Attribute | Details |
Growth Rate | CAGR of 6% to 7% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015-2020 |
Forecast Period | 2022-2032 |
Quantitative Units | Revenue in USD Billion, 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 |
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Countries Covered |
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Key Companies Profiled |
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Customization | Available Upon Request |
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FMI projects the sales of allyl heptanoate in the market is expected to rise at 6% to 7% value CAGR by 2032
The global allyl heptanoate market is expected to be dominated by North America over the forecast period 2022-2032.
S. International GmbH, Advanced Biotechnology, Inc., Aurochemicals, Berje Inc., Elan Inc., Frutarom Industries Ltd., Global Essence UK Ltd., Interdonati, Inc., Indukern, S.A., Inoue Perfumery MFG. Co.,Ltd., Kingchem Life Science LLC, and others are some of the leading players in the prominent allyl heptanoate market.
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