Research Reports
Isophytol Market is Expected to Grow Globally, by 2027 at CAGR: 3.8%
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The global isophytol market is set to grow at a CAGR of 3.8% by 2028, driven by personal care demand and e-commerce. Asia-Pacific leads in market share.
As per the report published by Allied Market Research, the global isophytol market generated $470.4 million in 2020, and is anticipated to garner $629.5 million by 2028, registering a CAGR of 3.8% from 2021 to 2028.
Rise in demand for personal care products, increase in use of vitamin E in nutrition, and surge in e-commerce activities drive the growth of the global isophytol market. However, consumer preference toward natural vitamin E over synthetic vitamin E hinders the market growth. On the contrary, high growth potential from emerging economies is expected to open new opportunities for the market players in the future.
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Covid-19 scenario:
The report segments the global isophytol market on the basis of fragrance, application, and region.
Based on fragrance, the herbal segment held the largest share in 2020, accounting for more than half of the market. However, the floral segment is estimated to register the highest CAGR of 3.4% during the forecast period.
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On the basis of application, the supplements segment dominated the market in terms of revenue in 2020, contributing to around four-fifths of the market. However, the industrial segment is projected to portray the highest CAGR of 11.1% from 2021 to 2028.
The global isophytol market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2020, accounting for more than one-third of the market. In addition, the region is expected to register the highest CAGR of 4.6% from 2021 to 2028.
The global isophytol market report includes an in-depth analysis of the prime market players such as Augustus Oils Ltd., Antylia Scientific, BiosynthCarbosynth, BASF SE, Hefei TNJ Chemical Industry Co. Ltd., Haihang Industry, Molekula Group, Merck KGaA, Tokyo Chemical Industry, Santa Cruz Biotechnology, Inc., Vigon International, Inc., and Thermo Fisher Scientific.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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The article discusses the growth forecast of the global isophytol market, expected to reach $629.5 million by 2028.
Increased demand for personal care products and the rise of e-commerce activities are key drivers.
The Asia-Pacific region held the largest market share in 2020 and is expected to continue leading.
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