Isophytol Market Outlook 2021-2028
The global isophytol market was valued at $470.4 million in 2020, and is projected to reach $629.5 million by 2028, growing at a CAGR of 3.8% from 2021 to 2028.
Isophytol is a clear colorless liquid. It is also known as 3, 7, 11, 15-Tetramethyl-1-hexadecen-3-ol. It is used in perfumery, food flavors, aromatic, cosmetic, soap detergent and fragrance industry. Huge demand for personal care products specially in skincare and hair care as well as a sharp increase in the growth of medicated personal care and vitamin supplements containing Vitamin E and K, have significantly boosted the overall Isophytol market growth and are expected to add to the market share primarily in the coming years.
The Isophytol primary objective is the enormous expansion in the perfume and deodorant market as a result of impressive new product lines and an engaged youth consumer base. The scents are purely made of synthetic chemical components. Synthetic chemicals have improved significantly as a result of biotechnological developments. New scents and flavors have been gathered, based on varied tastes in order to cater to new consumers, resulting in market expansion.Perfume toxicity can cause dangerous skin disorders, acute skin rashes, dryness, skin-burn, and other negative effects. Due to the adverse consequences of the toxicity of many toiletry goods composed of synthetic substances, the market was severely stifled. Different regulations have been made against the harmful ingredients, which included a few food additives as well. Many organizations are investing in R&D to improve and formulate newer products and applications in order to provide a wider choice of products to potential customers and achieve a greater sales count of end-use products and applications.
The global Isophytol market is segmented on the basis of fragrance type, application, and region. On the basis of fragrance type, the global Isophytol market is segmented into floral, herbal, and others. The applications of Isophytol include supplements, cosmetics, and industrial. On the basis of region, the global Isophytol market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by LAMEA and Europe.
Major players operating in the global isophytol market include Antylia Scientific, Augustus Oils Ltd., BASF SE, BiosynthCarbosynth, Haihang Industry, Hefei TNJ Chemical Industry Co. Ltd., Merck KGaA, Molekula Group, Santa Cruz Biotechnology, Inc., Tokyo Chemical Industry, Thermo Fisher Scientific, and Vigon International, Inc.
By Battery Type
Floral fragrance in Isophytol is projected as the most lucrative segment.
Theherbal segment accounted for the largest share in 2020, while the others segment is projected to grow at the highest CAGR of 5.8%.
By Application
Industrial Application is projected as the most lucrative segment.
The supplementssegment accounted for the largest share of the isophytolmarket in 2020. The global Isophytol market is majorly driven by the present use of Isophytol in the production of vitamin E and K1. Vitamin E and K1 are used in various multi vitamin supplements and their demand has increased in recent years.
By Region
Asia-Pacific is projected as the most lucrative market.
The Asia-Pacific region is home to the world's largest working population, which necessitates a large supply of perfumes and deodorants to keep their bodies fresh and pleasantly fragrant. One of the key drivers of market expansion is the region's hot and humid climate. The industry is being driven by continuous R&D of floral scents for female consumers and manly perfumes for male consumers.
Key Benefits for Stakeholders:
- The report provides in-depth analysis of the global Isophytolmarket along with the current trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global Isophytolmarket for strategy building.
- A comprehensive market analysis covers the factors that drive and restrain the global Isophytolmarket growth.
- The qualitative data about market dynamics, trends, and developments is provided in the report.
Impact Of Covid-19 On The Global Isophytol Market:
- COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
- Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
- Isophytolis primarily used in supplements, cosmetics, industrial, and personal care.
- In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown.
- The demand–supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the industry during the COVID-19 pandemic.
- Due to a scarcity of resources in various parts of the world, the COVID-19 epidemic has impacted negatively on the manufacturing and industrial industries. The industry's top players are concerned about the market's prospects and are rethinking their strategies to meet the challenge.
- The companies are incorporating various techniques to increase production volume and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased fragrance product penetration sustainability.
- The rise in public awareness about health issues is one of the factors propelling the Isophytol market throughout the forecast period. Increasing use of sterilizing solutions as a result of the coronavirus epidemic is also driving the demand for the overall industry. Demand for Isophytol will be boosted by a positive perspective on bleaching products.
Key Market Segments
By Fragrance Type
- Floral
- Herbal
- Others
By Application
- Supplements
- Cosmetics
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Antylia Scientific
- Augustus Oils Ltd.
- BASF SE
- BiosynthCarbosynth
- Haihang Industry
- Hefei TNJ Chemical Industry Co. Ltd.
- Merck KGaA
- Molekula Group
- Santa Cruz Biotechnology, Inc.
- Tokyo Chemical Industry
- Thermo Fisher Scientific
- Vigon International, Inc.
Isophytol Market Report Highlights
| Aspects | Details |
 By FRAGRANCE TYPE |
|
 By APPLICATION |
|
 By Region |
|
 Key Market Players | SANTA CRUZ BIOTECHNOLOGY, INC., BIOSYNTH CARBOSYNTH, BASF SE, AUGUSTUS OILS LTD., HAIHANG INDUSTRY, TOKYO CHEMICAL INDUSTRY, Thermo Fisher Scientific Inc., MOLEKULA GROUP, ANTYLIA SCIENTIFIC, MERCK KGAA, HEFEI TNJ CHEMICAL INDUSTRY CO. LTD., VIGON INTERNATIONAL, INC. |
Analyst Review
The Isophytol is a specialty liquid chemical having aromatic properties. It is one of the many aromatic compounds employed as a fragrance agent. It is produced in various grades, 95% being the more common purity grade.
For the purpose of analysis, the report segments the global Isophytol market based on fragrance type, application and region. Based on the fragrance type, the global Isophytol market report covers floral, herbal, and others. Applications covered in the report are supplements, cosmetics, and industrial. The report further outlines the details about the revenue generated through the sale of Isophytol across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
Increasing demand of herbal based personal care products and rise in the demand for vitamin E in nutrition are the key factors driving the global isophytol market
The market value of global isophytol market in 2021 is expected to be $486.5 million and projected to rise to $629.5 million in 2028.
The leading players in the market areAntylia Scientific, Augustus Oils Ltd., BASF SE, BiosynthCarbosynth, Haihang Industry, Hefei TNJ Chemical Industry Co. Ltd., Merck KGAA, Molekula Group, Santa Cruz Biotechnology, Inc., Tokyo Chemical Industry, and Thermo Fisher Scientific.
The nutraceutical industry is projected to increase the demand for isophytol market
The global isophytol market is segmented on the basis of fragrance, application and region.
Rise in the demand for vitamin E in nutrition and increasing demand for herbal personal care products are some of the driver of isophytol market.
The supplement application in the global isophytol market is projected to increase the demand of isophytol during the forecast period.
China is one of the major producers of raw materials required for the production of isophytol. The disruptions in the supply chain due to COVID-19 induced lockdown has impacted the market negatively in 2021.
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