Delta Decalactone Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1548
Global Delta Decalactone Market size is expected to be driven by high global demand for food & beverages. The market will also be catalysed by rising demand for cosmetics and fragrances, mostly in developing countries of Asia Pacific and Latin America.
The product is commonly found in coconut oil, butter oil, peaches, apricots, cane sugar, cheese, pork fat, lavender oil, margarine, etc. Worldwide population growth, mostly in emerging economies, and increasing purchasing power of consumers has resulted in high demand for food & beverages. Global food & beverage industry is expected to grow at a healthy rate during the forecast years and will drive the delta decalactone market owing to the extensive product use as a flavoring agent in different food items.
Delta decalactone market will be augmented by high growth in the fragrance and perfume industry where the product is employed as an odor agent. Perfume & fragrance industry was worth more than USD 35 billion in 2016 and will likely grow at a fast rate in the coming years. It is due to increasing disposable income among consumers and growing awareness about the benefits of using perfumes and fragrances, such as emotional wellbeing and attractiveness.
Global demand for cosmetic products are also on a rise, mostly in Asia Pacific and Latin America, due to economic growth and associated lifestyle changes in these regions. This will positively influence the delta decalactone market as the product is extensively used in this industry.
The incompatibility of the product with various chemicals like reducing agents, strong oxidizing agents, and oxidizing mineral acids as well as the hazardous by-products of its combustion may hamper the delta decalactone market in the forecast timeframe as consumers will look for safer alternatives.
Delta decalactone market, by product, is segmented into S-isomers and R-isomers. Presence of S-isomers makes the sample more intense and lactonic, whereas the presence of R-isomers enriches the floral notes of the sample and makes it more tuberose. The composition of the two isomers varies according to the type of source. For example, cheddar cheese, osmanthus oil and peach has 72, 84 and 97 % of R-isomer respectively whereas raspberry contains 98% S-isomer.
According to the type of application, delta decalactone market is segmented as food & beverages, fragrance, cosmetics and other applications. Food & beverages segment has a significant market share as the product is used to enhance the aroma and flavor in foodstuffs. Market share for this segment is expected to increase at a steady rate. Fragrance industry segment market share will also grow during the forecast period owing to the increasing demand for perfumes and air care products. Delta decalactone market share for cosmetic applications will be boosted by high demand for cosmetic and personal care products like lotions, soaps, shampoos, conditioners, etc. Other applications where the product is used are in detergent production, as fabric softeners and in the artificial fiber industry where it is used as a nylon precursor.
By region, delta decalactone market is segmented as Asia Pacific, Europe, North America, Latin America and Middle East and Africa. Asia pacific and North America have significant shares of the industry due to booming food & beverage industry. European delta decalactone market also has a substantial share which is poised to increase in the coming years due to high awareness in this region about cosmetic products. Latin America and Middle East and Africa region market is still in an evolving stage but will likely witness a steady growth during the forecast years.
Delta decalactone market is characterized by both big and small players engaging in the entire value chain of the industry including raw material manufacturing and sourcing, distribution, production, and custom manufacturing. Some of the key players in delta decalactone market are Sigma-Aldrich, United International Company, Shenzhen Simeiquan Biotechnology, Nanjing Oriental Pearl Industry & Trade Industry, Xiamen Miracle Bio-Technology Company, Guangzhou Rihua Flavor & Fragrance, Fairlong Aroma Chemical Company, Vigon International, Robertet Inc, Fleurchem Inc, A.C.S. International Inc, Beijing LYS Chemicals Company, Ernesto Ventós SA, M&U International and Sunaux.
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