1648071299 GII ICN2

Global Information, Inc. [JASDAQ 4171]

Isophytol (C20H40O) is a clear, colorless, and viscous liquid manufactured via subsequent acidification and transition-metal-catalyzed addition of malonic ester to myrcene. It is widely utilized as a fragrance component in the manufacturing of perfumes, creams, lotions, shampoos, soaps, and other beauty and personal care products. Besides this, it is also used as a flavoring agent in food products, such as processed vegetables, sauces, meat, fish, salads, soups, and sweeteners.

The global isophytol market reached a value of US$ 498.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 665.4 Million by 2027, exhibiting at a CAGR of 5.21% during 2022-2027. Isophytol finds application in the production of synthetic vitamin E and K. This, along with the escalating demand for dietary supplements due to shifting consumer preferences towards functional food and increasing consciousness about overall health and wellbeing, represents one of the key factors impelling the market growth. It can also be accredited to the growing aging population, increasing sales of personal care products, and the escalating need for products that aid in preventing age-related disorders and support immune health.

Apart from this, the increasing adoption of ready-to-eat (RTE) food products on account of rapid urbanization, hectic schedules, inflating income levels, rising working population, and escalating consumption of convenient food items is contributing to the market growth. In addition, there is a rise in the demand for household cleaning products to sanitize various surfaces, which is bolstering the market growth. This can be attributed to the global outbreak of coronavirus disease (COVID-19) and the increasing emphasis of international organizations on the adoption of sanitization to prevent the spread of the pandemic. Furthermore, isophytol is gaining traction in the production of phytol, which is widely utilized in the healthcare industry to reduce pain and anxiety, alleviate itching, and prevent congenital disabilities.

Continue reading the industry analysis: https://www.giiresearch.com/report/imarc1065971-isophytol-market-global-industry-trends-share-size.html 

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Tags: Isophytol Industrial Application, Isophytol in Cosmetics Market, Isophytol for Supplement Market

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