Growing demand of synthetic flavors along with rising food & beverage demand across the globe, is expected to fuel the demand of isoamyl acetate market.
Isoamyl Acetate Market size is forecast to reach $3.3 million by 2025, after growing at a CAGR of 4.1% during the forecast period from 2020-2025. Isoamyl acetate, also referred to as isopentyl acetate, is an organic compound formed by isoamyl alcohol and acetic acid. Growing demand of synthetic flavors along with rising food & beverage demand across the globe, is expected to fuel the demand of isoamyl acetate market. Increasing demand of solvents in various end use industries will further enhance the overall market demand for isoamyl acetate during the forecast period.
Isoamyl acetate is prepared by the acid catalyzed reaction (Fischer esterification) between isoamyl alcohol and glacial acetic acid. Typically, sulfuric acid is used as the catalyst.
Report Coverage
The report: “Isoamyl Acetate Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Isoamyl Acetate Industry.
Key Takeaways
Asia-Pacific dominates the isoamyl acetate market owing to increasing demand from applications such as packaged foods & beverages and solvent industries.
The growing popularity of packaged foods which containing synthetic flavors along with rising global population, is likely to aid in the market growth of isoamyl acetate.
Further, growing consumption of alcoholic and non-alcoholic beverages due to changing consumer habits and shift towards beverages like soft drinks and beer, will increase the market demand for isoamyl acetate in the near future.
End-Use Industry - Segment Analysis
Food & beverages segment held the largest share in the isoamyl acetate market in 2019 and is expected to grow by CAGR of 4.5% over the forecast period from 2020-2025. In all beers, it plays an important role and is part of the overall flavor profile. It is produced for this application by yeast during fermentation and is present at low (typical 1.4mg / l) levels. It is also used in soft drinks, chewing gum, and sweets as a flavoring agent. Growing demand of food & beverages due to rising disposable income of middle class, growing population, and changing consumption habits; is expected to fuel the demand of isoamyl acetate in food & beverages.
Application - Segment Analysis
Flavoring agent segment has been the primary application for isoamyl acetate for many years. Due to increase in the global middle class spending and growing population, the consumption of isoamyl acetate has always been considerably high as flavoring agent in food and beverages in comparison to other applications. Isoamyl acetate is used to manufacture many artificial flavors ranging from apple to piña colada and even coffee. The main field of application for Isoamyl acetate is the production of flavor and is used in more than 40 flavors.
Geography - Segment Analysis
APAC dominated the isoamyl acetate market with a share of more than 35%, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the food & beverages and aerospace industries.
Drivers – Isoamyl Acetate Market
Growing demand from various end use industries
Isoamyl acetate is majorly utilized as flavoring agent in wide range of foods and beverages. Growing middle class spending, rising global population, and changing consumer’s consumption habits are the prime factors contributing in the increased demand of food and beverages. Thus, the growing demand for food & beverages is favoring market growth of isoamyl acetate.
Isoamyl acetate is also used as a solvent in surface coatings, electronics, pharmaceuticals, leather treatment, agrochemicals, cellulose acetate, nitrate, and many more. Further growing demand of solvent in such applications will also help to boost the demand of isomaly acetate in coming years.
Challenges – Isoamyl Acetate Market
Stringent government regulations on synthetic flavors consuming as foods
Isoamly acetate concentration is allowed in different types of foods & beverages at certain level which is regulating by Food and Drug Administration (FDA) and Environmental Protection Agency (EPA) in the US. Stringent government regulations on the use of isoamyl acetate as flavoring agent may hamper the growth of overall market. Also changing consumer behaviors towards the adoption of natural products can impact the overall growth of the market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the isoamyl acetate market. In 2019, the market of isoamyl acetate has been consolidated by the top five players accounting for xx% of the share. Major players in the Isoamyl Acetate Market are Thermo Fisher Scientific, Finetech Industry Limited, Chemoxy International Ltd., Ernesto Ventós, S.A., Merck KGaA, LGC Limited, BASF SE, Dow., among others.
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