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The 2-methylbutanoic acid industry is being driven by the rising demand for the product in the food and beverages sector. The demand for 2-methylbutanoic acid in the sector can be attributed to its fragrance and fruity aroma, due to which it is extensively used as a flavoring agent in processed foods.
Additionally, 2-methylbutanoic acid is a crucial component in the manufacturing of deodorants, which can be attributed to the fruity and sweet smell of the compound. Hence, the growing innovations and the increased research and development activities aimed towards producing deodorants are likely to bolster the market growth in the forecast years. Furthermore, the easy availability of deodorants on e-commerce platforms such as Amazon (NASDAQ: AMZN) and Alibaba (NYSE: BABA) is anticipated to provide impetus to the growth of the market in the forecast period.
In terms of region, the Asia Pacific is likely to account for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. The market in the region is driven by the considerable growth of the food industry owing to the rising population, increasing disposable income, and rapid urbanisation. The market is expected to be aided by the rising application of the product in the rapidly expanding construction sector.
Market Breakup by Type, Application, Sales Channel, and Region:
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The major players in the global 2-methylbutanoic acid market are Ube Industries, Ltd., Chemwill Asia Co, Ltd., Dayang chem (Hangzhou) Co., Ltd., Best Value Chem Pvt Ltd., and Yancheng Hongtai Bioengineering Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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