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Ethyl Levulinate Market Size to procure substantial returns from food flavours and fragrance industry

Author : Ronak Bora | Published Date : 2019-05-24 

The demand for Global Ethyl Levulinate Market Size is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

Ethyl Levulinate Market size may observe steady growth over the foreseeable timeframe owing to increase in application in food flavours and fragrance industry.

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It is formed by levulinic acid esterification with ethanol According to analysis, ethyl levulinate can be manufactured from furfuryl alcohol derived from biomass with aid of eco-friendly catalyst.

Ethyl levulinate is used in research laboratory & institutions as lab chemical. It has positive application scope in analytical separation technique for wine testing. High performance liquid chromatography (HPLC) is used to distinguish various wine types and preserve wine taste. Wine industry is growing in Spain, France, Italy, Portugal and China owing to increasing consumer spending on wine consumption. Wine imparts typical aroma and taste thereby becoming popular in cuisines, biscuits, cookies and chocolate preparation.

Food additives are essential ingredients in food industry and added to maintain taste, smell and colour of foodstuffs. Food flavour market is poised to surpass at over USD 15.5 billion by 2024. Ethyl levulinate is used as food additive to enhance taste and fragrance of the food item. Increasing convenience food, cakes, snacks demand may boost product demand as food additive. Favourable regulatory norms by Food & extract manufacturer association (FEMA) stating ethyl levulinate safe for human consumption may have positive influence on product market size.

Ethyl levulinate finds application in biodiesel and diesel to improve engine fuel conversion capacity. It reduces fuel smoke generating capacity accompanied with reducing greenhouse gas emission in air. Eco- friendly fuel increases machine life and minimises air emission thereby adhering to strict air pollution regulations imposed by EPA & US. Increasing bio-based fuel demand along with growing environmental consciousness may fuel ethyl levulinate market demand.

Europe driven by U.K, France & Germany ethyl levulinate market may experience favourable growth. Italy & France are fashion trendsetters and account maximum revenue from perfume industry. European wineries have strong hold over global wine supply and increasing wine popularity may drive regional growth.

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Asia Pacific led by Japan, India, and China has witness positive growth in ethyl levulinate market size. Rapid urbanisation, hectic life style and increasing working women population has driven RTE food demand in India thereby promoting industry growth. Growing popularity of fragrance in young population has boosted fragrance industry which is likely to fuel product demand.

Ethyl levulinate market share is fragmented with few players present. Key players are Alfa Aesar, Oakwood Products, Tokyo Chemical, Ventos and Sigma Aldrich.

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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