Gamma-Decalactone Market Share & Size Analysis, By Source (Fruits, Fermented Products), By End-use Industry (Food & Beverages, Personal Care, Pharmaceuticals, Household Goods, Others) & By Region - Global Market Insights 2023 to 2033
Analysis of Gamma-Decalactone Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Gamma-Decalactone Market Outlook (2023 to 2033)
It is present naturally in many fermented products and fruits. It’s specifically important in the manufacturing of peach, apricot, and strawberry flavors. Majorly it’s used as a flavoring agent for beverages and pharmaceutical applications.
The primary factor determining customer acceptance and preferences for food and cosmetic items is fragrance. As a result, the market for flavors and smells is always changing. The market for food flavors was valued at USD 13.31 billion in 2018 and is anticipated to rise to USD 19.72 billion by 2026, at a CAGR of 5%.
Gamma-decalactone, a naturally occurring substance present in many fruits like peaches and strawberries, is used commercially in formulations with characteristic fruit flavors. The availability and use of natural food flavors have significantly risen during the last few years. In addition to synthetic ingredients, more customers are requesting natural food flavors. It has quickly gained popularity as a result of increased population density and fast urbanization.
Consumers of today are becoming health conscious and are demanding ready-to-eat foods and natural food ingredients. Commercially, it is used in the formulation of peach, apricot, and strawberry flavors. Several prominent bioengineering companies are investing a large sum of capital and time to find a way to commercially manufacture and market to be used in food and pharmaceutical products. Conagen, Inc., a Boston-based biotechnology company is focusing on research and development for the commercial production of natural aromatic gamma-decalactone.
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What are the demand drivers of this market?
The primary driver that is influencing the market to grow is the utilization as a food additive to enhance flavor, taste, and appearance. The growing demand for improved functionality and multiple benefits from food ingredients is a major factor driving the demand for the global arcade. Several biotechnology-based companies such as Blue California, have successfully commercialized their ingredients to be used worldwide in a variety of food applications and as a flavoring agent.
The use of floral perfumes compounds formulation is expected to increase as people show a preference for fragrances being extracted from natural components. The gamma-Decalactone is used as an aromatic and additional flavoring agent in consumable products such as food and cosmetics. Due to its flavors and creaminess, its also used in making chewable toffees and gums, toothpaste, and medicinal products. The consumer goods industry is growing at a rapid pace and gamma-decalactone is likely to find application in consumer goods such as soaps and detergents.
The market is characterized by the presence of a smaller number of small-scale to large-scale vendors who are constantly upgrading and modifying their products to garner an acceptable market share in the global market.
Some of the key players in the market are: Conagen, Inc., Blue California, The Good Scents Company, Chongqing Transdream Technology Co, Kao Chemicals, John D. Walsh Company, and De Monchy Aromatics.
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Research and Developments
Improvement in lactone Biosynthesis to unlock new opportunities and applications
A scent chemical referred under this study is produced after the -oxidation of ricinoleic acid, which is produced during the hydrolysis of castor oil. Since more than 20 years ago, this lactone's biotechnological synthesis has been improved, however, the vast majority of research findings have relied solely on chromatographic methods to measure the lactone's concentration without separating it from the biotransformation medium.
Since the last two decades, there is the considerable interest shown by researchers in the biotechnological synthesis of this substance for unfolding possible applications into confectionary, cakes, and granulated or powdered beverages. Manufacturers in France and Belgium have explored the biotransformation of fatty compounds.
The market is projected to exhibit faster expansion in North America followed by the Asia Pacific region. North America has the highest per capita consumption of food products with natural food ingredients due to which consumer demand has risen steadily. The burgeoning good ingredients market in Asia has accredited demand. Correspondingly, the demand for technologies to enhance natural ingredients continues to increase over several regions.
The European flavors and perfume market is expected to grow with the fastest CAGR in the forecast period 2023-2033. France is the leading perfume industry in the continent containing the world’s leading perfumeries. Followed by France, Germany ranks among top five countries in the region in terms of the perfume industry and manufacturing of flavors where the majority of the country’s revenue is driven by the fragrance industry in the forecast period. This is likely to favor demand for gamma-Decalactone in the forecast duration.
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By Source :
- Fermented Products
By End-user Industry :
- Food & Beverages
- Personal Care
- Household Goods
By Regions :
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
- FAQs -
The rise in demand for natural flavour ingredients across food and cosmetic markets is a major driver for this industry.
Manufacturers are likely to gain a majority of opportunities in North America, and Asia Pacific due to food sector demand and in Europe due to the growth of the fragrance market.
France followed by Germany and Switzerland reigns the fragrance market in 2023.