Market Overview:
The global g-Octalactone market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food flavors and daily flavors. Additionally, the growing awareness about health and wellness is also propelling the demand for g-Octalactone in various applications such as food flavors, daily flavors, and others. The global g-Octalactone market by type is segmented into natural and synthetic. The natural segment dominates the global g-Octalactone market with a share of more than 90%. This can be attributed to factors such as rising consumer preference for organic products and stringent regulations against synthetic products across various regions.
Product Definition:
g-Octalactone is a lactone that has a 8-carbon backbone. It is important because it can be used to make fragrances and flavors.
Natural:
Natural is a colorless, strong-smelling liquid. It has no taste and is usually clear although it may be slightly yellow or green colored due to the presence of unprocessed plant materials. Natural contains active ingredients such as terpenes, flavonoids, ketones and alcohols that are known for their health benefits.
It also contains essential oils like eucalyptus oil which helps in stimulating the immune system response.
Synthetic:
Synthetic is a chemical that is produced in laboratories by the process of synthesis. It can also be defined as a man-made product, which is created in a laboratory by the process of synthesis. Synthetic products are not found in nature; they are made or derived artificially. The most common types of synthetic chemicals include polymers and petrochemicals among others such as surfactants, pesticides, pharmaceuticals and fertilizers among many others.
Application Insights:
The food flavors segment led the global g-Octalactone market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth of this application segment can be attributed to increasing demand for dairy products, bakery & confectionery products, meat, poultry & seafood products and processed foods among other edible items such as beverages and cosmetics.
The daily flavors segment is expected to witness significant growth over the next eight years owing to rising consumer preference for flavored drinking watermelons and soft drinks coupled with growing use of flavoring agents in various functionalities including beverage flavorings in carbonated soft drinks. This trend has resulted in increased demand for natural g-Octalactone which accounts for approximately 70% of total consumption followed by synthetic compounds that constitute 10% each respectively based on volume within this category globally.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to maintain its position during the forecast period. The region accounts for a major part of global g-octalactone market share owing to high product demand from various application sectors, such as food flavors, cosmetics, and pharmaceuticals. China is one of the largest consumers of g-octalactone due to increasing demand from end-use industries coupled with rising health consciousness among consumers.
Europe accounted for over 20% revenue share in 2017 on account of rapid growth in countries like Germany and U.K., where lactones are extensively used as food flavors along with aroma chemicals called furans; however, these countries have imposed restrictions on furan compounds since they are found to be harmful if inhaled or absorbed through skin resulting into negative effects on human health after prolonged exposure.
Growth Factors:
- Increasing demand for natural flavors and fragrances in food and beverage industry
- Rising awareness about the benefits of g-Octalactone among consumers
- Growing popularity of aromatherapy and essential oils
- Technological advancements in extraction and purification processes of g-Octalactone
- Rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
g-Octalactone Market Research Report
By Type
Natural, Synthetic
By Application
Food Flavors, Daily Flavors
By Companies
White Deer Flavor, Anhui Hyea Aromas, Suzhou Youxin Aromatic Chemical, JoRin, Odowell, ZOTEA, Crecle, Anhui Jinrong Flavor&fragrance
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global g-Octalactone Market Report Segments:
The global g-Octalactone market is segmented on the basis of:
Types
Natural, Synthetic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Flavors, Daily Flavors
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- White Deer Flavor
- Anhui Hyea Aromas
- Suzhou Youxin Aromatic Chemical
- JoRin
- Odowell
- ZOTEA
- Crecle
- Anhui Jinrong Flavor&fragrance
Highlights of The g-Octalactone Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural
- Synthetic
- By Application:
- Food Flavors
- Daily Flavors
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the g-Octalactone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
G-Octalactone is a chemical compound with the molecular formula C8H10O4. It is a colorless, odorless, water soluble liquid that has been used in perfumes and as an additive to food products.
Some of the major players in the g-octalactone market are White Deer Flavor, Anhui Hyea Aromas, Suzhou Youxin Aromatic Chemical, JoRin, Odowell, ZOTEA, Crecle, Anhui Jinrong Flavor&fragrance.
The g-octalactone market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 g-Octalactone Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 g-Octalactone Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 g-Octalactone Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the g-Octalactone Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global g-Octalactone Market Size & Forecast, 2020-2028 4.5.1 g-Octalactone Market Size and Y-o-Y Growth 4.5.2 g-Octalactone Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Natural
5.2.2 Synthetic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Flavors
6.2.2 Daily Flavors
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global g-Octalactone Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 g-Octalactone Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Natural
9.6.2 Synthetic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Flavors
9.10.2 Daily Flavors
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Natural
10.6.2 Synthetic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Flavors
10.10.2 Daily Flavors
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Natural
11.6.2 Synthetic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Flavors
11.10.2 Daily Flavors
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Natural
12.6.2 Synthetic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Flavors
12.10.2 Daily Flavors
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Natural
13.6.2 Synthetic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Flavors
13.10.2 Daily Flavors
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 g-Octalactone Market: Competitive Dashboard
14.2 Global g-Octalactone Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 White Deer Flavor
14.3.2 Anhui Hyea Aromas
14.3.3 Suzhou Youxin Aromatic Chemical
14.3.4 JoRin
14.3.5 Odowell
14.3.6 ZOTEA
14.3.7 Crecle
14.3.8 Anhui Jinrong Flavor&fragrance