Compound used primarily as flavor enhancer in food & beverage industry
Market Overview
Significant adoption in fragrance and aroma industry for scented products
Growing applications in pharmaceutical formulations and drug delivery systems
Opportunities in natural flavoring segment and emerging markets
Market Value & Growth Projections
Market Value & Growth Projections
Global market size: USD 9 million (2023)
Projected to reach: USD 11.24 million by 2032
CAGR: 2.50% (2025-2031)
North America market: USD 2.45 million (2023), CAGR 2.14%
Key Market Drivers:
Increasing demand for flavor enhancers in food & beverage
Expanding pharmaceutical additive applications
Growth in fragrance and aroma industry
Rising consumer preference for natural ingredients
Purity <98%Others
Aike Reagent
Key Market Players
TAYTONN
Regional Market Analysis
North America: USD 2.45 million (2023), CAGR 2.14%Key markets: USA, Canada, Mexico
Europe: Competitive landscape with growth potential; key markets: Germany, UK, France, Russia, Italy
Asia-Pacific: Significant growth potential; key markets: China, Japan, South Korea, India
Middle East & Africa: Emerging opportunities; key markets: Saudi Arabia, UAE, Egypt, Nigeria
South & Central America: Steady growth
trajectory; Key markets: Brazil, Argentina, Columbia
