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Based on end use, the food and beverage industry accounts for a significant share of the total market value. The market players are continuously enhancing their product portfolio to fulfill the growing demand for halal and kosher foods. These products comply with the strict dietary standards of traditional guidelines. For instance, Chemoxy International Ltd, a key player in the industry, manufactures and sells isoamyl acetate for the fragrance and flavour industry, which is kosher certified by KLBD (the largest kosher agency in Europe). Thus, the growing R&D activities are further supporting the industry growth globally.
Moreover, the growing focus of the consumers on beauty and personal well being is driving the demand for cosmetic and personal care products; wherein isoamyl acetate is utilised for its high solubility and other favourable properties. This is supported by the thriving retail industry and expanding distribution channels. The easy availability of these end-use products through online and offline platforms like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is resulting in their increased sales. Such developments are expected to positively aid the growth of the isoamyl acetate industry over the forecast period.
Market Breakup by Application, End Use, and Region:
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The major players in the global isoamyl acetate market are Chemoxy International Ltd, Dow Chemical Company, Ernesto Ventós S.A., and Nimble Technologies Pvt 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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