The industry is concentration, the key brand include Evolva, Isobionics, Aromor, Frutarom, Penta, PUYI BIOLOGY, Vishal Essential and so on. Among them, Evolva is the leader.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
In the coming years there is an increasing demand for Nootkatone in the regions of North America, Europe and Asia, is expected to drive the market for more Nootkatone. Growth is attributed to the development of F&F and economic.
Globally, the Nootkatone industry market is concentrated as the manufacturing technology of Nootkatone. And some enterprises, like Isobionics B.V., Aromor, Frutarom and Penta are well-known for the wonderful performance of their Nootkatone and related services. At the same time, United States is remarkable in the global Nootkatone industry because of their market share and technology status of Nootkatone.
Rapid urbanization, focus towards a healthier lifestyle, rising household final consumption expenditure, and increased demand for processed foods are some of the major factors driving this market. Growing affluence and rising purchasing power in emerging economies that is strengthening the emergence of a large middle class is expected to bolster further growth. Focus awards a healthier lifestyle, increase in disposable income and increasing application of flavors and fragrances are some factors accelerating growth in the flavors and fragrance Market.
Essential oils are expected to dominate the raw material segment owing to increasing demand for fragrances and flavors with a natural ingredient as the prevalence of obesity, high blood pressure and diabetes is rising across major markets. Moreover, essential oils can be used in small quantity for the production of flavors and fragrances, as compared to other raw materials, thus reducing input costs for the manufacturers.
Asia Pacific to witness fastest regional market growth during the forecasted period.
In Asia Pacific region, countries such as China and India are projected to witness high market growth due to rising household consumption expenditure and higher purchasing power attributable to healthy economic growth. Latin America is also expected to witness considerable market growth during the forecasted period attributable to rise in disposable income.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Nootkatone industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.