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Dipentene Market – How the Business Will Grow in 2024?

Author : Ronak Bora | Published Date : 2019-05-16 

The dipentene market is diverse and has few multi-national players and massive number of local & regional medium scale companies. The dipentene industry has market players including International Flavors & Fragrances, Inc., Mangalam Organics Limited, Mentha and Allied Pvt. Ltd., Penta International Corporation, Florachem Corporation and Florida Chemical Company. Mergers and joint ventures are prime strategies adopted by companies operating in dipentene industry. For instance, in February 2018 DRT, global producer of ingredients derived from plant-based chemistry, and Mangalam Organics Ltd. entered into a supply and distribution agreement for terpene resins.

Driven by the increasing adoption of natural ingredients and green chemicals in the production of consumables, the global Dipentene Market entered the billion-dollar fraternity in 2017. Being colorless with a fresh, sweet and light citrus odor, limonene is preferred by the fragrances and flavors industry to make products used in cosmetics and personal care products as well as food additives. Extensive applications in formulating bath products, aftershave lotions moisturizers and perfumes have greatly influenced the dipentene market growth. Since limonene is a naturally occurring substance, it is promoted by environmentalists and health experts alike as it has low VOC emission when used in industrial settings, as compared to its conventional alternatives. The limonene market has witnessed increased consumption in manufacturing essential products since the substance has been established as a safe ingredient by health regulatory bodies.

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Food grade was the largest dipentene industry grade segment in 2017. This can be attributed to the high product usage in food & beverage and personal care due to its non-toxic nature. Technical grade is likely to be the fastest growing segment in limonene market over the forecast period. Dipentene Market is forecast to exceed USD 1.9 billion; according to a new research report.

North America led the dipentene market in 2017 and shall remain the market leader over the forecast period. The growing number of manufacturing plants in the U.S. and Canada is likely to increase the product demand in the region. Asia Pacific is likely to create major chunk of the product demand in the coming years and is projected to expand at highest CAGR during the forecast timespan. This can be attributed to the increasing disposable income of consumers and thereby rising spending on food & beverage and personal products, which will subsequently fuel limonene demand in the region over the next few years.

With the increased popularity of the attractive fragrance of citrus fruits, especially oranges in personal care products, dipentene market has registered considerable expansion lately. Dipentene or limonene is the colorless liquid hydrocarbon that adds the distinct citric flavor and fragrance in many processed foods, beverages and cosmetic formulations of hygiene and personal care products. Owing to the versatile characteristics of limonene, dipentene market is expected to cater to a widespread range of applications - indeed, the product even finds deployment as an alternative to mainstream pesticides.

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Overview of the food grade limonene market in the pharmaceutical industry:

It is a well-established fact that natural substances are much more suited for preparing drugs for treating various type of ailments, with attempts underway worldwide to incorporate these substances in vital medications. Limonene is also one such substance that has gained traction within the pharmaceutical segment owing to its skin penetration and anti-inflammatory properties, promulgating the acceptance of the dipentene market in achieving health benefits. Over the years a number of tests have further confirmed the utility of limonene in relieving pain, heartburn and other prevalent health issues. For instance, results of a study conducted on 19 people who took heartburn medications revealed that 17 of them showed no heartburn symptoms when they took only limonene every day for two weeks.

In a separate sturdy, the substance was found to be useful in reducing the inflammations in the gut more effectively than other alternatives. It was observed to improve the bowel movement within adults, inducing regularity in people who had difficulties with regular bowel habits. The dipentene market has also been efficacious in catering to the pharmaceutical segment associated with curing patients experiencing gallstone problems. A U.S. institute has estimated that around 800,000 operations across the country are performed each year to treat gallstones, with almost 10 to 15 percent of adults suffering from the disease. Limonene or limonene helps to dissolve the remaining gallstones after a gallstone removal surgery, providing an easier and less invasive method of completing the treatment.

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The limonene market is fragmented and has presence of medium & small-scale companies also. The dipentene market includes players such as Florachem Corporation, Himachal Terpene Products, Mangalam Organics Ltd, Mentha & Allied Products Private Limited, Penta International Corporation, Green Pine Industries, Vigon International, Fujian Green Pine Co. Ltd, Envirosafe Chemicals Canada, Gogia Chemical Industries Pvt Ltd, A. B. Enterprises, Toronto research Chemicals, Manish Minerals & Chemicals and Shanti Chemicals.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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