Ethyl Levulinate Market Size, Share & Industry Analysis, By Type (Food Grade, Industrial Grade), By Application (Food Additive, Fragrances, Others) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Ethyl levulinate is an ester derived from the levulinic acid keto-acid. Ethyl levulinate can be produced from biomass-derived furfuryl alcohol with the help of an environmentally friendly catalyst. Such two methods for synthesis make ethyl levulinate a feasible choice for biofuel, as both precursors can be derived from biomass: levulinic acid from carbon polymerized sugars such as cellulose, and furfural from carbon polymerized sugars such as xylan and arabinan. This is used in flavors and fragrances of foods. Many uses include substitute kerosene in gas turbines, resins, plasticisers, research ventures and miscible diesel fuels.
Ethyl levulinate uses have shown a promising trend in the recent past, for example, food additives, and aroma, which are expected to continue in the next few years. These positive trends can be due to factors, such as increasing disposable income and changing buyer habits for these applications, especially in emerging economies.Therefore, positive regulatory requirements by the Food & Extract Manufacturing Association (FEMA) claiming that ethyl levulinate is safe for human use will have a positive consumer effect.
Key Market Driver -
Favorable regulatory norms by Food & Extract Manufacturer Association (FEMA) stating ethyl levulinate safe for human consumption may have positive influence on market
Key Market Restraint -
Strict regulation for threats relating to health may drive down the market.
However, Long exposure to ethyl levulinate can result in lung injury, behavioral changes, dizziness, narcosis, eye irritation and coma. Severe health risks are drawing numerous use and handling restrictions by EPA that may hinder market expansion.
Market Segmentation:
Based on type, the market for ethyl levulinate is further segmented into food grade and industrial Grade. Based on application, the market is segmented into food additive, fragrances and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global ethyl levulinate market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the ethyl levulinate market includes Axxence Aromatic, Beijing Lys Chemicals Co., Ltd, Alfa Aesar, Fleurchem Inc., Lluch Essence S.L, Advanced Biotech Inc., Bedoukian Research, Berje Inc., Elan Incorporated, Indukern F&F Ingredients Division and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Ethyl Levulinate Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The ethyl levulinate market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region dominates the Ethyl levulinate Market in terms of both consumption and production. The ethyl levulinate market is anticipated to witness an increasing demand from India, China, and other countries of the Asia Pacific region. Growing accelerated urbanization, hectic lifestyle and rising working women's population has pushed Indian food demand ready to eat food, thus fostering growth in the industry. Fast gains can be seen in North America, led by Canada and the growth of the market for ethyl levulinate in the US. Rising value of food additives could be increasing regional demand to enhance flavor and colour. Europe witnesses prominent growth in the market.
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The demand for ethyl levulinate in the United Kingdom, France & Germany may experience favorable production. Italy & France account for highest profits from the perfume market. Latin America also shows moderate growth owing to increased application in fashion and lifestyle through perfumes and body sprays. The presence of major food and beverages players such as Coca-Cola and PepsiCo is expected to rise the demand for elthyl levulinate.
Segmentation
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Ethyl Levulinate Industry Developments
- December 2019, Axxence introduces Natural trans-2, cis-6-Nonadienal as a 1% solution in ethanol or triacetin. This EU natural flavoring preparation from a natural and sustainable starting material has green, cucumber, melon and fatty notes, and is a key ingredient in cucumber and melon flavors, but also useful in other fruit compounds.
- Ongoing
- 2023
- 2019-2022
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