9-Decanoic Acid Methyl Ester Market Share, Regional Analysis with Growth, Demand, Share and Research Report 2029
Data Bridge Market Research analyses that the 9 decanoic acid methyl esters market was valued at USD 189.47 million in 2021 and is expected to reach USD 292.99 million by 2029, registering a CAGR of 5.60% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
9 decanoic acid methyl ester is used used for imparting fruit flavors in several products such as dairy products, jams, jellies, wines etc. These factors have driven the demand for extraction of ester from organic and natural resources, which is expected to propel the global 9 decanoic acid methyl ester market during the forecast period of 2022-2029.
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Some of the major players operating in the 9 decanoic acid methyl ester market are:
- Matreya, LLC (U.S.)
- BASF SE (Germany)
- Procter & Gamble (U.S.)
- TCI Chemicals (India) Pvt. Ltd. (India)
- Alfa Aesar (U.S.)
- Merck & Co., Inc. (U.S.)
- Chemsky (Shanghai) International Co., Ltd (China)
- J&K Scientific Ltd (U.S.)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- LGC Limited (U.K.)
- Elevance Renewable Sciences, Inc. (U.S.)
Global 9 Decanoic Acid Methyl Ester Market Dynamics
Drivers
- Increasing demand of 9 decanoic acid methyl ester in food industries
9 decanoic acid methyl ester is used used for imparting fruit flavors in several products such as dairy products, jams, jellies, wines etc. These factors have driven the demand for extraction of ester from organic and natural resources, which is expected to propel the global 9 decanoic acid methyl ester market during the forecast period of 2022-2029.
- Rising demand of sustainable and biodegradable product
9 decanoic acid methyl ester is increase in demand in numerous end-user industries because ofusing eco-friendly processes. 9 decanoic acid methyl ester is manufactured using environmentally friendly processes, and flavours are developed using bio-based chemicals. Increasing awareness regarding the use of environment-friendly products in emerging economies is the major driving factor, which is expected to boost the growth of the global Fatty methyl ester sulfonate market.
Opportunities
- Increase in the number of emerging markets
Major market players are focusing on acquisition and mergers to increase their presence throughout the value chain. The majority of the industry market players are concentrating on product advancements and are targeting the development of new products with eco-friendly properties to cater to a broader application market. This will create profitable opportunities for the growth of the 9 decanoic acid methyl ester market.
- Increasing consumption of 9 decanoic acid methyl ester in multiple end user industries
Rising consumption of fatty methyl ester sulfonate in several industries such as used in several end- use industries which includes fl?v?r? & fr?gr?n???, ?h?rm???ut???l?, ???m?t??? and ??r??n?l ??r? among others. Rapidly rising demand fl?v?r? & fr?gr?n??s in food sector and rise in consumer spending on the quality products are expected to create immense opportunities for the 9 decanoic acid methyl ester market growth.
Restraints/ Challenges
- High cost associated with 9 decanoic acid methyl ester
The high cost of product is anticipated to restrain the demand of the 9 decanoic acid methyl ester and obstruct the growth rate of the market 9 decanoic acid methyl ester during the forecast period of 2022-2029.
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9-Decanoic Acid Methyl Ester Market Regional Analysis/Insights
The 9-Decanoic Acid Methyl Ester market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the 9-Decanoic Acid Methyl Ester market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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