Isophytol Market worth USD 588.3 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Isophytol Market by Fragrance Type (Floral, Herbal, and Others), by Application (Supplements, Cosmetics, and Industrial), by Region – Global Share and Forecast to 2027". In 2020, the global isophytol market size was USD 470.4 million and was expected to reach USD 588.3 million by 2027, at a CAGR of 3.8% during the forecast period. The condensation of Isophytol produces vitamin E with trimethylhydroquinone. Due to its antioxidant properties, it is used in both human and animal nutrition. Although primarily known as an efficacious biological antioxidant, vitamin E has more benefits, including maintenance of the structural integrity of all tissues and substantial contribution to optimum health and disease resistance of farm animals due to its modulating effects on the immune system. In 2019, Royal DSM, a science-based company in Nutrition, Health, and Sustainable Living, announced a joint venture between DSM and Nenter & Co. Inc. to increase the production of vitamin E. Hence, as the animal nutrition industry progresses, the demand for vitamin E will increase, thus fueling the Isophytol market.

Global Isophytol Market Segmentation

The overall isophytol market has been segmented into fragrance type, application, and region.

• By Fragrance Type (Floral, Herbal, and Others)
• By Application (Supplements, Cosmetics, and Industrial)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Supplements, by application, is estimated to hold the largest market share during the forecast period

The applications covered in the study include supplements, cosmetics, and industrial. The supplements segment generated the highest revenue of 82.9% of the global isophytol market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Isophytol is a major raw material in the production of vitamin E and vitamin K1. Based on the type of supplements, the global Isophytol market is further sub-segmented into pharma grade and food grade Isophytol. Pharma-grade Isophytol is used to produce vitamin E supplements incorporated in multi-vitamin supplements, while food-grade Isophytol is used in animal nutrition.

The global Isophytol market is driven by the present use of Isophytol in vitamin E and K1. Vitamin E and K1 are used in various multi-vitamin supplements, and their demand has increased in recent years. Similarly, the demand for aroma ingredients in the food industry is expected to benefit the global Isophytol market during the forecast period.

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The Asia Pacific accounts for the largest market share in the isophytol market 2020

Based on the regions, the global isophytol market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the highest market share of 36.0% in the global isophytol market and was anticipated to maintain its dominance throughout the forecast period. Consumers turn toward convenience food as their disposable incomes rise, their populations expand, and their lifestyles get busier. However, as public knowledge of the negative effects of chemical additives grows, the food and beverage sector is being pressured to establish a natural additives category. Furthermore, the food additives ingredients markets perceive an opportunity in the shape of developing developments to fulfill the demands of the nutraceutical ingredients market. However, several complications are limiting the market's expansion in Asia-Pacific.

The growing popularity of premium fragrances and deodorants among the youthful population and their willingness to spend for such items is the key driving force behind the fragrance industry. Furthermore, the growth of the Asia-Pacific perfume & deodorants market is being driven by changing beauty and personal care trends, impacting the market's trends in terms of product offering, consumer taste, and various distribution channel choices based on the consumer. Moreover, the Asia-Pacific region is home to the world's largest working population, requiring a large supply of perfumes and deodorants to keep their bodies smelling fresh. The hot and humid environment of the region is one of the main factors of market development. Continuous R&D of flowery smells for feminine customers and masculine perfumes for male consumers drives the business.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the isophytol market. It also consists of leading companies such as BASF SE, Biosynth Carbosynth, Haihang Industry, Antylia Scientific, Augustus Oils Ltd., Hefei TNJ Chemical Industry Co. Ltd., Santa Cruz Biotechnology, Inc., Tokyo Chemical Industry, Thermo Fisher Scientific, Merck KGaA, Molekula Group, and Vigon International, Inc.

Browse complete report: https://www.marketstatsville.com/isophytol-market

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