Global 2-Methylbutanoic Acid Market to Grow at a CAGR of 5.6% During 2024-2032, Aided by the Rising Application of the Product in the Manufacturing of Chloroform and Methanol

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.

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Market Breakup by Type, Application, Sales Channel, and Region:

• The market is segmented, based on type, into 99% 2-methylbutanoic acid, and 98% 2-methylbutanoic acid, among others.

• The major applications of the product include food ingredients and essence.

• The market segmentation, on the basis of sales channel, includes manufacturer/distributor/service provider and aftermarket.

• Region-wise, the global market for 2-methylbutanoic acid can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for 2-methylbutanoic acid is being driven by the rising application of the product as a food additive in the food and beverages sector.

• The growing demand for processed food products, including dairy and milk products such as butter, cream, and cheese, is likely to propel the market growth. 

• The growing popularity of deodorants and the growing online sales of the same are anticipated to bolster the market growth in the forecast period. 

• The market is expected to be further aided by the growing investments by the key market players to enhance their production capabilities.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for 2-methylbutanoic acid for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, applications, sales channels, and regions of 2-methylbutanoic acid.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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