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Global Ethyl Maltol Market Insight 2021-12-31 Comments

The Ethyl Maltol is forecast to crazy increase over the next four years. According to the World Knowledge Information (WKI) “Global Ethyl Maltol Professional Survey Report 2021, Forecast to 2026”, It is the food industry that continues to expand, the pharmaceutical industry, the growing demand for cosmetics, and the growing tobacco industry continue to promote the growth of the ethyl maltol market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.52% base on WKI regression analysis model.

 

Analysts’ Viewpoint:
“As the current competition for ethyl maltol in the market is becoming more and more fierce, we should take corresponding strategic measures at this time, and correctly position our products, and understand the current market dynamics, supply and demand gaps, pricing trends, product preferences, etc.”said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.

Market insight:
The tobacco industry is an emerging market for ethyl maltol because it has a wide range of applications in flavors and fragrances, such as chewing tobacco and cigarettes. The innovation of electronic cigarettes will promote the further development of ethyl maltol in the tobacco industry. Changes in lifestyle and increased purchasing power in developing countries have promoted the demand for cosmetics and personal care applications in the ethyl maltol market, which is expected to increase significantly in the near future. In developed countries, due to the low base effect, niche applications such as animal feed and poultry are expected to grow at a relatively high rate. The development of new applications of ethyl maltol in the food and beverage industry is an important aspect of market growth.
However, the implementation of regulatory standards on ethyl maltol consumption is expected to hinder market growth. The increased dominance of China in the production of ethyl maltol may affect the market share or profit margins of other international players.
Competition Landscape:
Due to the good prospects for the development of the ethyl maltol market, more and more new companies should participate, which makes some old companies have to use some strategic means to deal with strong competitiveness.Some of the major market participants in the global ethyl maltol market are: Anhui Jinhe Industry, Beijing Tianlihai Chemical, Zhejiang Xinhecheng Co., Ltd., Advanced Biotech, Moellhausen, Berje, Zhaoqing Perfume, Ningxia Wanxiangyuan Bio, Xiamen Oumeike Biotechnology Co., Ltd., Tangzheng Company.
Segmentation of Ethyl Maltol Market:
According to the concentration of ethyl maltol, it can be divided into: high purity (99%), ultra-high purity (≥99%), because the greater the concentration, the more significant the effect, so ultra-high purity ethyl maltol is in the market The share of China is relatively large.According to the application, the ethyl maltol market can be divided into other industries such as food and beverage, pharmaceuticals, cosmetics and personal care, tobacco industry, and animal feed and poultry. Among them, ethyl maltol is used as a flavor enhancer, preservative or bacteriostatic agent. Therefore, ethyl maltol has the largest share in the food and beverage industry.
Ethyl Maltol Market: Regional Analysis
In terms of geography, the global Ethyl Maltol market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Among them, the Asia-Pacific region is one of the main consumers of ethyl maltol, accounting for the largest share. Due to the increase in the use of processed foods, it is expected to grow at a relatively high rate. In addition, the improvement of living standards in countries such as China, India, and South Korea may help the Asia-Pacific region increase its share of the global market. North America is another important ethyl maltol consumption region because it occupies a dominant position in the food and beverage, pharmaceutical and cosmetic industries. It is expected that the ethyl maltol market in Western Europe will closely follow the trend in North America; however, due to increasingly stringent regulatory standards related to the food and beverage and pharmaceutical industries, the average growth rate of ethyl maltol in Europe is expected to be lower than that of North America. Other regions, such as South America, the Middle East and Africa, are expected to grow at a moderate rate during the forecast period.

 

Cagr: 6.52%
Largest share area:Asia-Pacific
Largest share country:China