Food Coating Ingredients Market Size Worth $5.52 Billion By 2025

The global Food Coating Ingredients Market is expected to reach USD 5.52 billion by 2025, according to a new report by Grand View Research, Inc. Growing food & beverage industry along with the growing popularity of fast food restaurants across various age groups has been a major factor driving the market growth. 

Food coating is a part of food processing activity and is used to improve the product’s structure, taste, and texture. The process involves keeping the product moving while applying the coating ingredient in a specific pattern. These coatings not only help protect the underlying product but enhance the overall appeal and quality of the product.

The accelerating food processing industry is expected to bolster the growth of the product market. Moreover, the drift in the consumption patterns of the consumers and many of them opting for processed food, ready to eat and frozen foods is anticipated to drive the global food coatings market.

The global fast food market is anticipated to grow at a faster pace in the developing economies such as Asia & Africa. Increasing per capita income, fast-paced life coupled with the rising popularity of junk food amongst youngsters is anticipated to boost the market further.

Asia Pacific is estimated to be the fastest growing market owing to the growing processed food products demand, increasing disposable income and increasing population in this region. Furthermore, Europe is likely to hold around 30% of the market share by 2025.

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https://www.grandviewresearch.com/industry-analysis/food-coating-ingredients-market

Further key findings from the report suggest:

• The global food coating ingredients demand was 4,983.5 kilo tons in 2016 and is expected to grow at a CAGR of 5.6% from 2016 to 2025.
• Sugars & Syrups emerged as the largest product segment in 2016 and is projected to generate revenue over USD 1.7 billion by 2025.
• Global food coating ingredients demand in confectioneries was valued at USD 0.74 billion in 2016 and is estimated to witness the highest growth over the next few years.
• The U.S. food coating ingredients demand in bakery products was 316.2 kilo tons in 2015 and is projected to reach a total volume of over 540 kilo tons by 2025.
• Asia Pacific is likely to witness significant growth over the next few years owing to the growing processed food products demand, increasing disposable income and increasing population in this region. The regional market is expected to grow at a CAGR of 6.8% from 2017 to 2025.

Fragrance Fixatives Market Size To Reach $1.79 Billion By 2025

The global Fragrance Fixatives Market is projected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc. Increasing consumption of aroma chemicals and essential oils has contributed to industry growth, especially in emerging economies with rising income levels. Fixatives are used across distinct industries including fine perfumery, skincare, homecare, and haircare. Moreover, the therapeutic effects of scents and rising popularity of customized & celebrity perfumes has positively influenced demand over the last few years.

Technological advancements have fostered new synthetic substitutes for natural, animal-derived fixative compounds, thereby meeting sustainability criteria and environmentalist concerns. The market for innovative, long-lasting scents has also expanded considerably in developing regions, providing ample growth opportunities to manufacturers.

Sclareolide is anticipated to grow at a CAGR of 4.0% from 2016 to 2025. It is widely used in fine perfumery, skincare and haircare products to prolong the effect & reduce rapid evaporation. The product has emerged as an inexpensive substitute for ambergris, which originates from the intestines of the endangered sperm whale.

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https://www.grandviewresearch.com/industry-analysis/fragrance-fixatives-market

Further key findings from the study suggest:

• The fragrance fixatives market volume was nearly 5.60 kilo tons in 2015 and is projected to grow at a CAGR of 1.9% from 2016 to 2025.
• Iso E Super was the dominant product and accounted for over 30% of volume share in 2015. Increasing demand from end-use segments such as skin & haircare and color cosmetics owing to its odor-prolonging characteristics is anticipated to drive demand.
• Fine fragrances were the dominant end-use for these compounds. Several multinational players in the industry are extensively involved in new product development to gain a competitive advantage and extend their global reach.
• Skincare is expected to be the fastest-growing end-use with an expected CAGR of 4% in terms of revenue from 2016 to 2025.
• Europe dominates the regional industry and contributes over 43% to the global revenue.
• Rising affluence levels in countries such as India, Vietnam, and Thailand have translated directly into higher spending on luxury perfumes and high-end cosmetics. This has driven industry growth to a large extent in Asia Pacific, with regional CAGR estimated at 4.1% in terms of revenue.
• Major companies operating in the industry are Eastman Chemical Company, Tokos B.V., Lotioncarfter LLC, Paris Fragrances Cosmetics E Supplies, SVP Chemicals Pvt. Ltd., Synthodor Company, PFW Aroma Chemicals, and Zaki.

Ethyl Levulinate Market Worth $11.8 Million By 2022

The global Ethyl Levulinate Market is expected to reach USD 11.8 million by 2022, according to a new report by Grand View Research, Inc. The global industry is in its nascent stage and is characterized by few industry participants. Presence of very few manufacturers gives a competitive edge over new entrants. Industry participants as well as governments have been extensively investing in R&D to develop novel applications as well as cheaper raw materials. Potential applications such as bio-diesel additive are expected to positively impact the market. 

Prolonged exposure to ethyl levulinate may cause dizziness, eye irritation, lung damage, coma and behavioral changes. Such toxic effects are presumed to expose ethyl levulinate industry to several regulations, thus constricting market growth and development. Several R&D initiatives are being taken by government to come up with cheaper raw material for ethyl levulinate production. This is projected to create ample opportunities for this industry over the forecast period. 

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https://www.grandviewresearch.com/industry-analysis/ethyl-levulinate-market

Further key findings from the report suggest:

• Global ethyl levulinate market demand was 32.4 tons in 2014 and is expected to reach 49.1 tons by 2022, growing at a CAGR of 5.3% from 2015 to 2022
• Fragrances market is expected to witness the fastest growth at an estimated CAGR of 5.7% over the forecast period. This growth can be attributed towards rapid development of personal care industry particularly in emerging economies of Asia Pacific and Latin America. Recent advances by pharmaceutical industries that use fragrances to reduce stress and depression among people is also expected to assist the market over the forecast period.
• Asia Pacific emerged as the leading regional market and accounted for over 30% of the total market in 2014.Countries such as India and China are anticipated to lead their regional market over the next seven years. Rising urbanization along with dynamic lifestyle among consumers in the region is expected to create ample opportunities for ethyl levulinate.
• Changing consumption pattern among people in developing region such as Middle East & Africa and Central & South America is expected to assist the overall market over the next seven years.
• Major ethyl levulinate market participants include Sigma Aldrich, Alfa Aesar, Oakwood Products., Inc, Indukern F&F Ingredients Division, Tokyo Chemical Industry Co., Ltd, Axxence Aromatic and Ventos. The market is oligopolistic in nature and there is a high threat for new entrants to enter the market over the forecast period. Potential applications such as diesel miscible bio-fuel are expected to positively affect the market. 

Salicylic Acid Market Size To Reach $547.5 Million By 2024

The global Salicylic Acid Market is expected to reach USD 547.5 million by 2024, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing use of the product in the pharmaceutical industry for treatment of various skin disorders such as psoriasis, acne, and blemishes. In addition, the product is used as an ingredient during the preparation of aspirin. salicylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations.

The increasing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected to drive the market growth over the forecast period.

However, growing awareness regarding the harmful effects of excessive consumption of the compound has led the regulatory bodies such as the Food and Drug Administration (FDA) to enforce stringent regulations regarding the maximum permissible limit for salicylic acid in various products, thus limiting its growth over the next eight years.

The global salicylic market is characterized by a small number of manufacturers. Some companies including Novacap, Simco, and Loveridge are forward integrated into their operations and are engaged in the production of phenol, which is an important raw material used for manufacturing of the product. Other companies procure phenol from manufacturers such as Shell and INEOS Phenol.

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https://www.grandviewresearch.com/industry-analysis/salicylic-acid-market-analysis

Further key findings from the report suggest:

• The cosmetics application segment of salicylic acid is expected to grow at a CAGR of over 7.0% from 2016 to 2024. Increasing demand for cosmetic products across Europe, North America and Asia Pacific coupled with increasing self-prescription of these products for the treatment of mild skin disorders is expected to augment growth over the forecast period.
• Salicylic acid demand in food & preservative application was valued at over USD 90.0 million in 2015. The product is extensively used in manufacturing other salicylates including methyl and ethyl salicylates. Rising demand for food preservatives on account of growing demand for processing foods in emerging markets of China and India is expected to augment food preservatives market, which in turn is likely to augment growth over the forecast period.
• Asia Pacific is expected to witness the highest growth as compared to other regions, growing at over 9.0% from 2016 to 2024 Positive food and pharmaceutical industry outlook in China, India, Japan and South Korea is expected to augment demand over the projected period.
• In North America, the U.S. accounted for the consumption of more than 16,000 tons of salicylic acid in 2015 owing to shelf-life extension solutions in food and beverages applications. Furthermore, increasing use of preservatives by major food and beverage manufacturers including Cargill Foods, Tyson and Heinz located in the U.S. is expected to augment the demand over the forecast period.
• Key players in the industry include Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals, and Zhenjiang Gaopeng Pharmaceutical Co. Ltd.

Food Colorants Market is expected to reach USD 2.46 billion by 2020

Global Food Colorants Market is expected to reach USD 2.46 billion by 2020, according to a new study by Grand View Research, Inc. Food colorants demand is expected to grow with increasing applications in confectionery and bakery items, medicines and pharmaceutical drugs, beverages, cosmetics and toiletries, meat, sea food and pet food. Rising consumer awareness for natural ingredients is expected to drive natural colorant demand over the next six years.

Dairy foods were the largest application market for food colorants, with demand estimated at 19,154.5 tons in 2013. Food colorants are added in foodstuffs to retain color lost during processing which adds appeal to the product. Food colorants are also extensively used in beverages, particularly CSDs & non alcoholic kinds, in order to make the product visually more attractive to the younger population. 

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https://www.grandviewresearch.com/industry-analysis/food-colorants-market

Further key findings from the study suggest:

• Global food colorants demand was 51,510.0 tons in 2013 and is expected to reach 67,724.0 tons by 2020 growing at a CAGR of 4.0% from 2014 to 2020.
• Synthetic food colorants were the largest product segment, with demand estimated at 17,907.7 tons in 2013; owing to increased consumption of processed foods which use synthetic colors in emerging markets.
• Europe was the largest regional market for food colorants, with revenue exceeding USD 590 million in 2013. Increased consumer preference towards functional foods and beverages, particularly with natural or organic colorants is a key factor responsible for the regional market growth.
• Dairy and non dairy food applications are expected to be the fastest growing application markets, at an estimated CAGR of 4.1% from 2014 to 2020. Increasing demand for foods containing natural products is expected to drive demand for the application.
• Key Companies in the market include CHR. Hansen, Danisco, BASF, DSM, and Sensient Technologies Corporation. The global market is significantly consolidated with somewhat oligopolistic characteristics. While the market is expected to continue moving towards consolidation, R&D spending is expected to increase as participants focus on naturally derived food colorants with nutraceutical benefits.

Cresol Market Size Projected To Reach $795.7 Million By 2024

The global Cresol Market is expected to reach USD 795.7 million by 2024, according to a new report by Grand View Research, Inc. Increasing adoption of cresol derivatives as a precursor in the production of antioxidants in personal care and chemical intermediates are expected to drive product demand over the next eight years. 

The ability of vitamin E to minimize risks associated with heart attack, chest pain, and joint pain is anticipated to steer cresols demand over the forecast period. Vitamin E is majorly used as an antioxidant to prevent clotting and blood sugar problems. BHT is another important antioxidant derived from cresol isomers that find significance in the food, cosmetics, and chemical industries. 

Ortho isomer derivatives are majorly used in agrochemical and pesticide industries. Agrochemical segment accounted for over 27% of global ortho-cresol market volume in 2015. Growing concern towards crop protection and pest control is expected to drive product demand in agrochemical industry. 

Growing concern towards food shortage can be attributed to the lack of synergy between crop production and surging food demand in various regions of Asia Pacific and Europe. The ability of ortho and meta isomer derivatives to enhance the performance of pesticides is anticipated to drive product demand as plant growth regulators over the long term. 

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https://www.grandviewresearch.com/industry-analysis/cresol-market

Further key findings from the report suggest:

• The global cresol market demand was 137.5 kilo tons in 2015 and is estimated to reach 187.1 kilo tons by 2024, growing at a CAGR of 3.5% from 2016 to 2024.
• para-Cresol emerged as the leading product segment and accounted for 39.1% of total revenue in 2014. The segment is estimated to reach a net worth exceeding USD 300 million by 2024.
• Global meta isomer & derivatives demand in electronic applications is expected to witness the fastest growth over the forecast period. The segment is anticipated to reach a total demand of 4.3 kilo tons by 2024.
• Asia Pacific was the leading reagional market with demand share estimated at 42.9% in 2015. The region is also expected to witness the highest growth of 4.0% over the forecast period.
• Key players operating in the industry include Sasol, Lanxess, SABIC, and Mitsui Chemical that have integrated the production of raw material, cresol isomers, and their derivatives. Other major industry participants include Atul Ltd., Datang Chemical, VDH Chemtech, Xiamen HiSunny, and Konan Chemical.

Squalene Market Is Expected To Reach $271.5 Million By 2024

The global Squalene Market is expected to reach USD 271.5 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for squalene in food supplements and skin creams will propel market growth over the forecast period. Growing demand for male grooming products including skin care and anti-aging creams will promote industry expansion.

Increasing demand for dietary supplements in the U.S., China, India, Russia, Italy, and Brazil will drive the demand for squalene in food applications resulting in volume gains at a 10.7% CAGR from 2016 to 2024. Furthermore, several health benefits ranging from oxygen generation and superior immune response to cholesterol regulation and UV protection will fuel product demand over the forecast period.

Aging population, increasing self-diagnosis among general consumers, and growing awareness regarding preventative health care will create immense market potential over the upcoming years. The growth of the nutraceutical industry in various countries including France, China, India, Japan, Italy and the UK will lead to squalene market development. Increasing demand for vegetable-based products for cancer therapies will fuel market growth over the forecast period. 

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https://www.grandviewresearch.com/industry-analysis/squalene-market

Further key findings from the report suggest

• The global squalene market demand was 2,973.0 tons in 2015 and is expected to witness growth at a CAGR of 9.2% from 2016 to 2024.
• Synthetic squalene will see the highest revenue gains at a CAGR of 11.0% from 2016 to 2024 in light of rising usage in cosmetics owing to its superior moisturizing properties along with stable and consistent composition.
• North America market was valued at USD 24.6 million in 2015 and will show a significant rise in light of its rising demand in dietary supplements. Increasing focus towards maintaining a healthy lifestyle is expected to augment the demand for dietary supplements, in turn, bolstering squalene industry growth. Growing demand for pharmaceuticals owing to the prevalence of key players including Pfizer, Johnson & Johnson, and Merck & Co. along with rising R&D expenditure in the U.S. and Mexico will propel market growth.
• Latin America will witness significant revenue gains at a CAGR of 10.5% from 2016 to 2024 in light of rising demand for beauty products in Brazil, Colombia, Uruguay, Ecuador, and Chile. Rising disposable incomes, changing beauty trends & standards, along with increasing investment in personal care products will drive industry expansion over the next eight years.
• Key industry participants include Amyris Biotechnologies, AASHA BIOCHEM, EmpresaFigueirense De Pesca, Lda, Maruha Nichiro Corporation, Arista Industries Inc, Sophim and Nucelis LLC. In April 2015, Amyris Biotechnologies entered into a partnership with Squalan Natural Health B.V. to manufacture NeossanceSqualane for personal care products.

Beta-Carotene Market Size Projected To Reach USD 621 Million By 2024

The global Beta-Carotene Market is expected to reach USD 621.0 million by 2024, according to a new report by Grand View Research, Inc. Rise in demand for the naturally-sourced products in food & beverages and dietary supplements industry is expected to remain a key driving factor for the global market. 

The growing health concern across all age groups and the adverse effect of the use of synthetic products in end-use industries such as food & beverages and dietary supplements is driving the market for beta-carotene products. 

Various companies have been shifting from synthetic to natural based beta-carotene products. Companies have been investing in new product innovation and are trying to develop beta carotene from genetically modified micro-organisms.

Beta-carotene is widely used as colorants, nutrition supplements and antioxidants in various industries. Food & beverages, dietary supplements, cosmetics and animal feed, are the major end-user industry for beta-carotene. Food & beverages was the leading application segment and contributed over 30% of total revenue in 2015.

To request a sample copy or view summary of this report, click the link below: 

https://www.grandviewresearch.com/industry-analysis/beta-carotene-market

Further key findings from the report suggest:

• Beta-carotene can be derived from natural as well as synthetic sources. Natural sources include algae fruits & vegetable, fungus, palm oil, & more and synthetic source include petrochemical products.
• Algae was the leading source for beta-carotene and accounted for 37.9% of total market revenue in 2015
• Various benefits of natural sources over synthetic source is anticipated to drive the market for natural based beta-carotene
• North America and Europe together accounted for approximately 70% of the global consumption in 2015. North America and Europe are mature markets with a presence of largely experienced companies operating within them.
• Asia Pacific is expected to mark the highest growth of 4.6% over the forecast period. The region has been a remarkable growth in the food & beverages and cosmetics industries particularly in China and India. The growth of industries in Asia Pacific is believed to be the major factor for the rise in demand for beta-carotene in the region
• Key companies operating in the global market include DSM N.V. & BASF SE., Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, Lycored, D.D. Williamson & Co., Inc., BioExtract, Nutralliance, Zhejiang Medicine Co., Ltd, Sensient Cosmetic Technologies, and Parry Nutraceuticals.

Tannin Market Size To Reach $3.39 Billion By 2025 | Growth Rate: 6.7%

The global Tannin Market is expected to reach USD 3.39 billion by 2025, according to a new report by Grand View Research, Inc. Globally increasing demand from the leather industry has been a major factor driving market growth. The utilization of tannin extracts in pharmaceuticals has increased owing to the growing consciousness regarding the medical advantages of tannin-based products.

Tannins are extensively utilized for the production of wine owing to their high anti-oxidation properties. These are used to provide color stabilization of wine and also to provide structural stability. All these factors are expected to benefit the demand for wine applications over the forecast period.

Tannins have mucosal tissues and coagulate proteins, which is useful for soothing skin irritation and pain. Medical tannin based products are utilized for soothing scars on the skin, wounds, sore mouth, minor hemorrhages, burns, and bronchitis.

Tannin extracts are used in all three stages of leather manufacturing including, preparation stage, tanning, and crusting. Owing to this scenario, leather tanning was the largest application category in 2015 and is expected to maintain its dominance over the next nine years. The leather tanning segment had a market share of 62% in 2015.

Hydrolysable tannin is expected to be the fastest growing segment in the product category over the forecast period with an estimated CAGR of 7.0% from 2016 to 2025. Hydrolysable tannins are often utilized in the manufacturing of pharmaceuticals owing to their antibacterial benefits. Recent studies have suggested that these tannins have beneficial effects against cancer.

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https://www.grandviewresearch.com/industry-analysis/tannin-market

Further key findings from the report suggest:

• The global tannin demand was 1,076.3 kilotons in 2015 and is expected to grow at a CAGR of 5.8% from 2016 to 2025.
• Plants emerged as the largest source segment in 2015 and is estimated to generate revenue over USD 3.22 billion by 2025.
• Global tannin demand in wine making was USD 0.23 billion in 2015 and is anticipated to witness steady growth over the next nine years.
• The U.S. non-hydrolysable tannin market in product category was 242.9 kilotons in 2015 and is estimated to reach a total volume of 424.8 kilotons by 2025.
• The industry in Asia Pacific is projected to witness substantial growth over the forecast period owing to various developments across major economies, especially in the leather manufacturing and wooden products market. The regional market is expected to grow at a CAGR of 6.8% from 2016 to 2025.
• Key players of the industry include, Tannin Corporation, S.A. Ajinomoto OmniChem, W. Ulrich GmbH, and Laffort S.A. These major players are often indulged in joint ventures, mergers & acquisitions, in order to gain market, share and expand their product portfolio.

Citric Acid Market Size Worth $3.83 Billion By 2025 | CAGR: 4.9%

The global Citric Acid Market is expected to reach USD 3.83 billion by 2025, growing at a CAGR 4.9%, according to a new report by Grand View Research, Inc. Increasing demand for the product as an acidulant in food & beverages application is expected to be a major factor driving the market.

The market is highly competitive in nature with companies increasing their production capacities to serve the growing demand. The companies compete on the basis of product superiority, manufacturing technologies, and adherence to regulations pertaining to citric acid products in an attempt to increase their revenue.

The industry is marked by the presence of major participants focusing on R&D activities to come up with application-specific citric acid products. These well-established players account for a relatively larger share of the annual production of citric acid and have a competitive edge over the smaller players as they have a prevailing goodwill in the market.

The industry is marked by the presence of numerous small unorganized players that deal majorly with the local distribution and cater to the demand in domestic and adjoining economies. These small players in the industry do not have a significant impact on the market dynamics due to low production volumes and smaller geographic reach.

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https://www.grandviewresearch.com/industry-analysis/citric-acid-market

Further key findings from the report suggest:

• Powder grade citric acid dominated the industry in 2016 accounting over 63% of the overall market on account of its extensive use in food & beverages for preservation and flavoring.
• Liquid form is anticipated to ascend at a CAGR of 5.1% over the forecast period on account of high demand in food & beverages industry owing to its beneficial properties such as acidification, texture modification, and flavor enhancement.
• Food & beverages application segment is anticipated to ascend at an estimated CAGR of 5.0% over the forecast period. The growing demand for processed food products with high stability and shelf life is expected to have a positive impact on the industry growth.
• Germany citric acid market was valued at USD 220.1 million in 2016 and is anticipated to witness a high growth rate over the forecast period. The high growth rate was attributed to the presence of major pharmaceutical manufacturers in the region such as Bayer AG; Merck; and Schering AG.
• The industry is highly competitive with the presence numerous small and medium scale manufacturers, however is dominated by a few major industry players including Kenko Corporation; Archer Daniels Midland (ADM) Company; Tate & Lyle plc; and Danisco A/S.

Beta-Carotene Market Size Projected To Reach USD 621 Million By 2024

The global Beta-Carotene Market is expected to reach USD 621.0 million by 2024, according to a new report by Grand View Research, Inc. Rise in demand for the naturally-sourced products in food & beverages and dietary supplements industry is expected to remain a key driving factor for the global market. 

The growing health concern across all age groups and the adverse effect of the use of synthetic products in end-use industries such as food & beverages and dietary supplements is driving the market for beta-carotene products. 

Various companies have been shifting from synthetic to natural based beta-carotene products. Companies have been investing in new product innovation and are trying to develop beta carotene from genetically modified micro-organisms.

Beta-carotene is widely used as colorants, nutrition supplements and antioxidants in various industries. Food & beverages, dietary supplements, cosmetics and animal feed, are the major end-user industry for beta-carotene. Food & beverages was the leading application segment and contributed over 30% of total revenue in 2015.

To request a sample copy or view summary of this report, click the link below: 

https://www.grandviewresearch.com/industry-analysis/beta-carotene-market

Further key findings from the report suggest:

• Beta-carotene can be derived from natural as well as synthetic sources. Natural sources include algae fruits & vegetable, fungus, palm oil, & more and synthetic source include petrochemical products.
• Algae was the leading source for beta-carotene and accounted for 37.9% of total market revenue in 2015
• Various benefits of natural sources over synthetic source is anticipated to drive the market for natural based beta-carotene
• North America and Europe together accounted for approximately 70% of the global consumption in 2015. North America and Europe are mature markets with a presence of largely experienced companies operating within them.
• Asia Pacific is expected to mark the highest growth of 4.6% over the forecast period. The region has been a remarkable growth in the food & beverages and cosmetics industries particularly in China and India. The growth of industries in Asia Pacific is believed to be the major factor for the rise in demand for beta-carotene in the region
• Key companies operating in the global market include DSM N.V. & BASF SE., Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, Lycored, D.D. Williamson & Co., Inc., BioExtract, Nutralliance, Zhejiang Medicine Co., Ltd, Sensient Cosmetic Technologies, and Parry Nutraceuticals. 

Global Xanthan Gum Market is expected to reach USD 987.7 million by 2020

Global Xanthan Gum Market is expected to reach USD 987.7 million by 2020, according to a new study by Grand View Research, Inc. Growth of oil & gas industry is expected to be one of the primary factors driving xanthan gum demand over the forecast period. Increasing use of xanthan gum as an emulsion across a wide array of applications including salad dressings, toppings, relishes, sauces, non-fat milk, dairy products, baked and frozen foods coupled with growth of food & beverage industry is anticipated to augment market growth.

Oil & gas and food & beverages together accounted for over 80% of xanthan gum market in terms of volume as well as revenue in 2013. Food & beverages is anticipated to be the fastest growing application of xanthan gum over the forecast period closely followed by oil & gas. Growing population, changing lifestyle of consumers and rising number of restaurants and cafes especially in India and China coupled with increasing use of xanthan gum as a low price alternative to guar gum in a wide range of food applications is expected to result in high demand for xanthan gum. Increasing demand for petroleum and petrochemicals is expected to result in increasing use of xanthan gum over the forecast period as it is an important component employed in drilling fluids.

To request a sample copy or view summary of this report, click the link below: 

https://www.grandviewresearch.com/industry-analysis/xanthan-gum-market

Further key findings from the study suggest:

• Asia Pacific was the largest market accounting for over 40% of global xanthan gum volume share in 2013. Food & beverage growth in China, India, Malaysia and Singapore is expected to drive xanthan gum market over the forecast period. In addition, growing oil & gas production in China on account of their rising demand in automobile and chemical industries is expected to have a positive impact on xanthan gum market over the next six years.
• Xanthan gum market demand in pharmaceutical applications accounted for less than 5% in 2013. Xanthan gum is primarily used to retard drug release in tablets and is compatible with numerous stabilizers and thickeners. Growth in the pharmaceutical industry is likely to propel xanthan gum demand over the next six years.
• Recovery of pharmaceutical industry in the U.S. is expected to drive xanthan gum market growth over the forecast period. Positive industry outlook of pharmaceutical sector in China and India on account of favorable FDI policies and supporting regulatory policies to boost domestic production output is expected to have a positive impact on xanthan gum market.
• U.S. Department of Commerce announced antidumping duties on imports of xanthan gum from China. This move is anticipated to restrict the supply of xanthan gum manufactured in China. Companies operating in China, including Fufeng and Deosen, are likely to be negatively impacted by the implementation of antidumping duties in the U.S. Antidumping duties are anticipated to be in the range of 15% to 154%.
• Key market participants include Fufeng Group, Deosen Biochemical Ltd, CP Kelco, ADM, Jungbunzlauer, DuPont Danisco, Meihua Group and Pfizer Inc. Xanthan gum production is confined to the U.S., Austria, France and China. Raw material availability in China and Austria is anticipated to force market players to maintain their manufacturing units in vicinity.

Sorbitol Market Expected to reach USD 3.99 Billion by 2020

The global Sorbitol Market is expected to reach USD 3.99 billion by 2020, according to a new study by Grand View Research, Inc. Sorbitol is a preferred substitute for sugar in food and beverages owing to lower caloric values and natural sweetening properties. Additionally, increasing health awareness among consumers worldwide is expected to fuel market demand over the forecast period.

Cosmetic and personal care was the largest end use application segment, accounting for over 600 kilo tons of sorbitol demand in 2013. Stabilizing, softening and surface active properties of sorbitol are the key reasons for growing use in the above applications. Sorbitol is also used as a preservative and low calorie sweetener in foods and accounted for over 537.9 kilo tons of sorbitol demand in 2013.

 Read Full Report Summary: 

https://www.grandviewresearch.com/industry-analysis/sorbitol-market

Further key findings from the study suggest:

• Global sorbitol demand was 1,829.6 kilo tons in 2013 and is expected to reach 2,337.2 kilo tons by 2020 growing at a CAGR of 3.6% from 2014 to 2020.
• Liquid sorbitol is the largest used product, accounting for 1,524.7 kilo tons of demand in 2013, mainly due to simplified production process and low cost in comparison to crystal sorbitol.
• Toothpaste is the fastest growing application segment, at an estimated CAGR of 4.0% from 2014 to 2020 mainly due to sorbitol properties that prevent cavities and tooth decay.
• Asia Pacific was the largest regional market for sorbitol with revenue USD 656.9 million in 2013. China being the largest producer of Vitamin C, a key application of sorbitol, has resulted in highest demand in the region. In addition, the region is also expected to witness fastest growth, at an estimated CAGR of 4.1% from 2014 to 2020.
• Cosmetic and personal care along with chemical applications are expected to witness fastest growth at an estimated CAGR of 3.8% from 2014 to 2020.
• Key Companies in the market include Roquette Freres, Cargill and Archer Daniels Midland which together accounted for a market share of over 70% in 2013. Other companies include Sorini, Gulshan Polylols Ltd, SPI Pharma, Merck, Danisco and Sigma-Aldrich.

Ethyl Levulinate Market Worth $11.8 Million By 2022

The global Ethyl Levulinate Market is expected to reach USD 11.8 million by 2022, according to a new report by Grand View Research, Inc. The global industry is in its nascent stage and is characterized by few industry participants. Presence of very few manufacturers gives a competitive edge over new entrants. Industry participants as well as governments have been extensively investing in R&D to develop novel applications as well as cheaper raw materials. Potential applications such as bio-diesel additive are expected to positively impact the market. 

Prolonged exposure to ethyl levulinate may cause dizziness, eye irritation, lung damage, coma and behavioral changes. Such toxic effects are presumed to expose ethyl levulinate industry to several regulations, thus constricting market growth and development. Several R&D initiatives are being taken by government to come up with cheaper raw material for ethyl levulinate production. This is projected to create ample opportunities for this industry over the forecast period. 

 Read Full Report Summary:
https://www.grandviewresearch.com/industry-analysis/ethyl-levulinate-market

Further key findings from the report suggest:

• Global ethyl levulinate market demand was 32.4 tons in 2014 and is expected to reach 49.1 tons by 2022, growing at a CAGR of 5.3% from 2015 to 2022.
• Fragrances market is expected to witness the fastest growth at an estimated CAGR of 5.7% over the forecast period. This growth can be attributed towards rapid development of personal care industry particularly in emerging economies of Asia Pacific and Latin America. Recent advances by pharmaceutical industries that use fragrances to reduce stress and depression among people is also expected to assist the market over the forecast period.
• Asia Pacific emerged as the leading regional market and accounted for over 30% of the total market in 2014.Countries such as India and China are anticipated to lead their regional market over the next seven years. Rising urbanization along with dynamic lifestyle among consumers in the region is expected to create ample opportunities for ethyl levulinate.
• Changing consumption pattern among people in developing region such as Middle East & Africa and Central & South America is expected to assist the overall market over the next seven years.
• Major ethyl levulinate market participants include Sigma Aldrich, Alfa Aesar, Oakwood Products., Inc, Indukern F&F Ingredients Division, Tokyo Chemical Industry Co., Ltd, Axxence Aromatic and Ventos. The market is oligopolistic in nature and there is a high threat for new entrants to enter the market over the forecast period. Potential applications such as diesel miscible bio-fuel are expected to positively affect the market. 

Squalene Market Is Expected To Reach $271.5 Million By 2024

The global Squalene Market is expected to reach USD 271.5 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for squalene in food supplements and skin creams will propel market growth over the forecast period. Growing demand for male grooming products including skin care and anti-aging creams will promote industry expansion.

Increasing demand for dietary supplements in the U.S., China, India, Russia, Italy, and Brazil will drive the demand for squalene in food applications resulting in volume gains at a 10.7% CAGR from 2016 to 2024. Furthermore, several health benefits ranging from oxygen generation and superior immune response to cholesterol regulation and UV protection will fuel product demand over the forecast period.

Aging population, increasing self-diagnosis among general consumers, and growing awareness regarding preventative health care will create immense market potential over the upcoming years. The growth of the nutraceutical industry in various countries including France, China, India, Japan, Italy and the UK will lead to squalene market development. Increasing demand for vegetable-based products for cancer therapies will fuel market growth over the forecast period. 

 Read Full Report Summary:
https://www.grandviewresearch.com/industry-analysis/squalene-market

Further key findings from the report suggest:

• The global squalene market demand was 2,973.0 tons in 2015 and is expected to witness growth at a CAGR of 9.2% from 2016 to 2024
• Synthetic squalene will see the highest revenue gains at a CAGR of 11.0% from 2016 to 2024 in light of rising usage in cosmetics owing to its superior moisturizing properties along with stable and consistent composition
• North America market was valued at USD 24.6 million in 2015 and will show a significant rise in light of its rising demand in dietary supplements. Increasing focus towards maintaining a healthy lifestyle is expected to augment the demand for dietary supplements, in turn, bolstering squalene industry growth. Growing demand for pharmaceuticals owing to the prevalence of key players including Pfizer, Johnson & Johnson, and Merck & Co. along with rising R&D expenditure in the U.S. and Mexico will propel market growth.
• Latin America will witness significant revenue gains at a CAGR of 10.5% from 2016 to 2024 in light of rising demand for beauty products in Brazil, Colombia, Uruguay, Ecuador, and Chile. Rising disposable incomes, changing beauty trends & standards, along with increasing investment in personal care products will drive industry expansion over the next eight years.
• Key industry participants include Amyris Biotechnologies, AASHA BIOCHEM, EmpresaFigueirense De Pesca, Lda, Maruha Nichiro Corporation, Arista Industries Inc, Sophim and Nucelis LLC. In April 2015, Amyris Biotechnologies entered into a partnership with Squalan Natural Health B.V. to manufacture NeossanceSqualane for personal care products.

Salicylic Acid Market Size To Reach $547.5 Million By 2024

The global Salicylic Acid Market is expected to reach USD 547.5 million by 2024, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing use of the product in the pharmaceutical industry for treatment of various skin disorders such as psoriasis, acne, and blemishes. In addition, the product is used as an ingredient during the preparation of aspirin. salicylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations.

The increasing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected to drive the market growth over the forecast period.

However, growing awareness regarding the harmful effects of excessive consumption of the compound has led the regulatory bodies such as the Food and Drug Administration (FDA) to enforce stringent regulations regarding the maximum permissible limit for salicylic acid in various products, thus limiting its growth over the next eight years.

The global salicylic market is characterized by a small number of manufacturers. Some companies including Novacap, Simco, and Loveridge are forward integrated into their operations and are engaged in the production of phenol, which is an important raw material used for manufacturing of the product. Other companies procure phenol from manufacturers such as Shell and INEOS Phenol.

 Read Full Report Summary: 
https://www.grandviewresearch.com/industry-analysis/salicylic-acid-market-analysis

Further key findings from the report suggest:

• The cosmetics application segment of salicylic acid is expected to grow at a CAGR of over 7.0% from 2016 to 2024. Increasing demand for cosmetic products across Europe, North America and Asia Pacific coupled with increasing self-prescription of these products for the treatment of mild skin disorders is expected to augment growth over the forecast period.
• Salicylic acid demand in food & preservative application was valued at over USD 90.0 million in 2015. The product is extensively used in manufacturing other salicylates including methyl and ethyl salicylates. Rising demand for food preservatives on account of growing demand for processing foods in emerging markets of China and India is expected to augment food preservatives market, which in turn is likely to augment growth over the forecast period.
• Asia Pacific is expected to witness the highest growth as compared to other regions, growing at over 9.0% from 2016 to 2024 Positive food and pharmaceutical industry outlook in China, India, Japan and South Korea is expected to augment demand over the projected period.
• In North America, the U.S. accounted for the consumption of more than 16,000 tons of salicylic acid in 2015 owing to shelf-life extension solutions in food and beverages applications. Furthermore, increasing use of preservatives by major food and beverage manufacturers including Cargill Foods, Tyson and Heinz located in the U.S. is expected to augment the demand over the forecast period.
• Key players in the industry include Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals, and Zhenjiang Gaopeng Pharmaceutical Co. Ltd.

North America Personal Care Specialty Ingredient Market Worth $4.7 Billion By 2025

The North America Personal Care Specialty Ingredients Market value is anticipated to reach USD 4.7 billion by 2025, according to a new report by Grand View Research, Inc. The rising consumer responsiveness towards hygiene and personal care is expected to remain a key factor steering market growth over the next decade. 

Cosmetic products consumption patterns have changed drastically over the past few years in the region. The growing aging population mainly in the U.S. and increasing air pollution has led to the rising demand for multispecialty cosmetic products. In order to cater to the rising demand, the manufacturers have increased the R&D investments for specialty ingredients which have dramatically enhanced the production processes over the past few years.

Surfactant was the leading active product segment in the North America market in 2015. Its chemical properties make it compatible with several other ingredients and this factor can be attributed to the high penetration of surfactant in the personal care industry. North America cosmetic surfactants market is estimated to reach a net worth exceeding USD 580 million by 2025.

The anionics were the dominant surfactant product category owing to its use in a variety of beauty products, such as hair care, skin care and color cosmetics. The regional industry for anionic surfactants was valued at USD 154.5 million in 2015 and is projected to grow at a CAGR of 5.9% from 2016 to 2025.

 Read Full Report Summary: 
https://www.grandviewresearch.com/industry-analysis/north-america-personal-care-specialty-ingredients-market

Further key findings from the report suggest:

• The Mexico personal care specialty ingredients industry generated revenue worth of USD 647.8 million in 2015 and is estimated to grow at a CAGR of 6.2% from 2016 to 2025
• Conditioning polymers are anticipated to grow at the highest CAGR of 6.8% from 2016 to 2025
• Amphoterics demand in the U.S. is estimated to exceed a total revenue of USD 40 million by 2025
• Canada active personal care ingredients industry was estimated to be USD 83 million in 2015 and is expected to grow at a CAGR of 5.6% over the forecast period to exceed USD 140 million by 2025
• Factors such as technological advancements, changing consumption patterns, and stringent regulatory scenario, are anticipated to influence the market in the near future
• Some of the recent activities in the industry include the launch of new concepts for personal care ingredients including “Elements of care” and “Trendy textures”. Stress factors like UV radiation, air pollution, dust and dry air due to poor indoor and urban air quality are major factors that cause damage to skin and hair cells.
• Key players include BASF, DuPont, Ashland, Evonik, DSM, Croda, Lonza, and Kao Specialties Americas

Beta-Carotene Market Size Projected To Reach USD 621 Million By 2024

The global Beta-Carotene Market is expected to reach USD 621.0 million by 2024, according to a new report by Grand View Research, Inc. Rise in demand for the naturally-sourced products in food & beverages and dietary supplements industry is expected to remain a key driving factor for the global market.

The growing health concern across all age groups and the adverse effect of the use of synthetic products in end-use industries such as food & beverages and dietary supplements is driving the market for beta-carotene products.

Various companies have been shifting from synthetic to natural based beta-carotene products. Companies have been investing in new product innovation and are trying to develop beta carotene from genetically modified micro-organisms.

Beta-carotene is widely used as colorants, nutrition supplements and antioxidants in various industries. Food & beverages, dietary supplements, cosmetics and animal feed, are the major end-user industry for beta-carotene. Food & beverages was the leading application segment and contributed over 30% of total revenue in 2015.

 Read Full Report Summary: 
https://www.grandviewresearch.com/industry-analysis/beta-carotene-market

Further key findings from the report suggest:

• Beta-carotene can be derived from natural as well as synthetic sources. Natural sources include algae fruits & vegetable, fungus, palm oil, & more and synthetic source include petrochemical products.
• Algae was the leading source for beta-carotene and accounted for 37.9% of total market revenue in 2015
• Various benefits of natural sources over synthetic source is anticipated to drive the market for natural based beta-carotene
• North America and Europe together accounted for approximately 70% of the global consumption in 2015. North America and Europe are mature markets with a presence of largely experienced companies operating within them.
• Asia Pacific is expected to mark the highest growth of 4.6% over the forecast period. The region has been a remarkable growth in the food & beverages and cosmetics industries particularly in China and India. The growth of industries in Asia Pacific is believed to be the major factor for the rise in demand for beta-carotene in the region
• Key companies operating in the global market include DSM N.V. & BASF SE., Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, Lycored, D.D. Williamson & Co., Inc., BioExtract, Nutralliance, Zhejiang Medicine Co., Ltd, Sensient Cosmetic Technologies, and Parry Nutraceuticals. 

Gum Rosin Market Analysis By Product, By Application, And Segment Forecasts To 2024

The global Gum Rosin Market is expected to reach USD 2.49 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand of gum rosin owing to growth of synthetic rubber industry primarily in China is expected to drive the market growth. Increasing demand for high grade gum rosin products including WW and X grade by application industries is expected to benefit the market growth. The industry is characterized by abundance of raw materials in major producing regions such as Brazil, Indonesia, and China. In addition, the availability of low-cost labor, coupled with rapid development of the paper and adhesives industries in the region, is anticipated to provide impetus to the market growth.

The industry growth is expected to be restrained by increasing substitution of gum rosin by tall oil rosin. In addition, unfavorable weather conditions in China is expected to act as a major restraint for growth.

The market is expected to be driven by availability of low-cost gum rosin produced in Brazil and Indonesia. In addition, rapid development of the rubber, inks, and adhesives industry in Europe is likely to translate into increasing demand for the product in the region.

 Read Full Report Summary:
https://www.grandviewresearch.com/industry-analysis/gum-rosin-market

Further key findings from the report suggest:

• WG gum rosin accounted for nearly 25% of the market volume in 2015 owing to growth in the demand by adhesives and paints & coatings industry in Europe. Increasing price reductions and discounts offered by the Chinese manufacturers is expected to attract the consumers towards the product contributing towards market growth.
• The demand for the product in adhesives accounted for over USD 700 million in 2015 owing to increasing use of the compound as an ingredient for the manufacture of adhesives. In addition, rapid development of the adhesives industry in China and India is expected to translated into a growing demand for the compound over the forecast period.
• China is expected to emerge as the biggest market player for gum rosin, growing at a CAGR of over 3% from 2016 to 2024 owing to significant development of the application industries including rubber, adhesives, inks, paper sizing, and paints & coatings in the region. In addition, growth of the end-use industries such as building & construction and automotive in the region is expected to drive the market growth.
• Key participants include Wuzhou Pine Chemicals, Groupo RB (Resinas Brasil Group), CV Indonesia Pinus, Guangdong KOMO and Socer Brasil. The companies in the domain are focused on price reductions and discounts as major strategies for increasing the market share.

Malic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2024

The global Malic Acid Market is expected to reach USD 244.0 million by 2024, according to a new report by Grand View Research, Inc. The expanding food and beverage industry globally is anticipated to be a major factor for substantial industry growth over the next few years. Growing consumer awareness towards obesity issues has led to increased consumption of low-calorie beverages which is expected to positively impact the product demand.

Beverages accounted for 49.3% of the global malic acid market in 2015. Growing liquid and powdered beverages consumption along with surging artificial flavorant demand in carbonated drinks are estimated to drive the product demand in beverages over the next few years. The increasing confectionery and food processing facilities, especially in Asia Pacific, North America, and Europe, is yet another factor anticipated to steer the product demand in the near future.

 Read Full Report Summary:
https://www.grandviewresearch.com/industry-analysis/malic-acid-market

Further key findings from the report suggest:

• The global malic acid market demand exceeded 70 kilo tons in 2015 and is anticipated to grow at an estimated CAGR of 4.2% to reach a total market size of over 102 kilo tons by 2024.
• Personal care & cosmetics segment is expected to grow at a CAGR of 5.7% over the next eight years. The shift in consumer and product trends in the personal care industry such as increasing demand for multifunctional personal care & cosmetics products and naturally derived ingredients are the key factors driving product demand in this category.
• Asia Pacific is anticipated to experience the highest growth over the foreseeable future. The region is estimated to grow at a CAGR of 5.2% over the next eight years.
• China malic acid demand is expected to witness high growth on account of expanding personal care & cosmetics and processed food production facilities in the region. The product demand in confectionery and food sector is expected to reach a net worth exceeding USD 14 million by 2024.
• Some of the leading industry participants include Bartek Ingredients, Inc. Fuso Chemicals Co., Ltd, Miles Chemicals, Thirumalai Chemicals Ltd. (TCL), Lonza, and Polynt. The other key players include Changmao Biochemical Engineering Company Limited, Isegen South Africa (Pty), Ltd., Yongsan Chemicals, Prinova, The Chemical Company (TCC), and Anhui Sealong Biotechnology Co., Ltd.