Global Mesifurane Market - 2021-2028
The mesifurane market size was worth US$ YY million in 2020 and is estimated to reach US$ YY million by 2028, growing at a CAGR of YY % during the forecast period (2021-2028).
Mesifurane is a vital flavorant in arctic brambles, strawberries, mangoes, and other fruits and berries and is an enzymatic methylation outcome of 2,5-dimethyl-4-hydroxy-3(2H)-furanone. The product is acknowledged to be non-toxic and environment-friendly in nature. The mesifurane products are advantageous for several industries such as animal feed, pharmaceuticals, food and beverages and the cosmetics sector because of their attractive fragrance.
By type, The mesifurane market has been segmented into natural and synthetic. The growing demand for packaged food globally has expanded the applications of the mesifurane market. The expanding interest in low-fat & carbohydrate-free foods has increased the demand for processed foods. In addition, the ongoing developments in fresh and novel flavoring agents to draw a larger consumer base have been a major driver for the market.
The global mesifurane market growth is driven by the growing demand for additives without hindering nutrition levels and the rising adoption of flavors in multiple industries.
The rise in the need for food flavors and additives that support consumables without hindering the nutrition levels has boosted the demand for mesifurane market. The growth in demand for processed foods due to shortened meal preparation times has increased the adoption of mesifurane due to its ability to improve flavors.
Furaneol and its methyl ether derivative mesifurane (2,5-dimethyl-4-methoxy-3[2H]-furanone) are important aroma compounds that have been identified in many fruits such as pineapple, mango, raspberry, arctic bramble, tomato, grapefruit and strawberry. The compounds occurring as racemates in numerous fruits are considered to have strong, pleasant and sweet odors.
Mesufurine has been adopted to offers a pleasant smell to organic ingredients due to rising consumer inclination towards a healthy lifestyle mesifurane market growth. The popularity of mesifurane is because of its engaging aroma and is naturally derived from fruits. Evolving food priorities, transitioning consumer lifestyles and healthier alternatives are major factors driving progress in this industry. Numerous companies are focusing on presenting upgraded and inexpensive products to cater to the market demand.
The demand for mesifurane has been steadily growing, with industries looking to offer products with attractive fragrances. Consumers are also adopting unique products to meet transitioning preferences and experimenting with creative aromas, fragrances & tastes in their cosmetics and pharmaceutical industry. Prominent applications include personal care formulations and cosmetics.
The product is a preservative in cosmetics formulations, nail hardeners and other products, presenting versatile flavors and scents. Other ketone derivatives such as raspberry ketones are also gaining popularity. The industry uses compounds to enhance nutritional value and make the product more palatable for animals without using added calories.
Additionally, huge acceptance in personal care products due to the growing consumer awareness towards organic additives has boosted the market growth. The pharmaceuticals industry is also escalating rapidly, specifically in emerging economies, due to the rising geriatric population and prevalent diseases. The adaption of flavors in oral pharmaceutical formulations has neutralized the taste and complemented segment growth. The scenarios mentioned above are expected to drive the global mesifurane market.
The regulatory governments have implemented regulations on synthetic flavors & products, which is expected to hinder the growth of the mesifurane market. Due to the growing concern regarding these use of agents in the products and their impact on health effects. US EPA and other agencies have set stringent food safety regulations on natural and synthetic additives.
The U.S. Food & Drug Administration has already banned the usage of various synthetic flavorings in cookies, candy, ice cream, and all other foods & beverages because the chemicals have been shown to cause numerous impacts on health. Significantly, these regulations are expected to tighten over the years, restraining the market growth globally.
Due to the pandemic, the mesifurane industry has been stable and is expected to grow over the forecast period. The demand for mesifurane among all the end-user industries has been growing during the pandemic. The food & beverages and pharmaceuticals sector has witnessed a significant rise in packaged products with organic ingredients due to the pandemic.
According to the industry analysis, natural ingredients and products recently saw prolific growth as health-conscious consumers modified their purchasing and consumption practices. The shifting interest of consumers towards healthier food & beverages habits and immunity-boosting products has grown exponentially. The mesifurane market has been are a part of this emerging trend to enhance the attractiveness of the products without hindering their health benefits. The market is foreseen to expand with significant growth after the pandemic, with sectors striving to work with higher production rates due to its expanding use.
By type, the mesifurane market is segmented into natural and synthetic.
The natural type is expected to hold the largest share in the mesifurane market in the forecast period. The accelerated transformation in consumer choice from synthetic to natural ingredients contributes hugely to the expanding demand for organic flavorings and additives worldwide.
The change has been driven by growing health consciousness and public awareness concerning the unfavorable impact of chemical additives on human health has shifted customer opinion towards flavorings in food products, creating a favorable growth environment for the mesifurane industry. Due to the rising demand, companies focused on naturally sourced products with natural flavor and scent experiences.
According to the industry analysis, 70% of consumers in the U.S, between 18-29 years of age, promote using natural cosmetic products due to their various skin functions and organic ingredients. As consumers become concerned about synthetic ingredients in personal care products and food products, manufacturers rapidly investigate alternatives to substitute conventional chemical components in organic alternatives.
Mesifurane plays a key role in this transformation and is critical organic alternatives to cosmetic chemicals. Mesifurane maintains an appealing aroma, antioxidant characteristics, and many other benefits. It is naturally sourced from fruits, ideal for use in natural products for various industries.
North America region holds the largest market share for the mesifurane market globally and is expected to continue its dominance in the forecast period. The rising penetration of packaged food products and the willingness of consumers to experiment with new flavors & fragrances is expected to drive the mesifurane market in the region.
The flavor is amongst the key drivers in deciding among the purchase of food & beverage products. The effectiveness of multiple flavoring & fragrance additives such as mesifurane used as natural or synthetic form generates long-lasting sensory impacts on consumers. The scenario drives up aesthetics and the overall demand for consumer goods exponentially and expands the reach for organic additives across various industrial sectors in the region.
Continuing technological progress and escalating needs for ready-to-eat foods amid evolving health perspectives are anticipated to produce opportunities for mesifurane market growth. Mesifurane additives have been gradually gaining demand in numerous sectors, including pharmaceuticals, food & beverage, cosmetics and animal feed because of their sturdy properties, including pleasant aroma, non-toxic nature and environment-friendliness.
The mesifurane market is moderately competitive and is dominated by global companies. However, the market has witnessed entries of local players in recent years due to the growing applications of additives. In addition, some of the key players contributing to the market's growth are Merck KGaA, Aurochemicals, Shandong Yaroma Perfumery Co. Ltd, Advanced Biotech, Natural Advantage, LLC, Ruiyuan Flavor Co. Ltd, Allured Business Media., The Good Scents Company, United International Co. Ltd., Penta Manufacturing Co and others. The players are adopting various new strategies to dominate the market, such as launching new products, working on R & D, acquisitions and collaborations, contributing to the growth of the mesifurane market globally.
The global mesifurane market report would provide an approximate 61 market data table, 56 figures, and 180 pages
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