Nootkatone (CAS 4674-50-4) Market Report Overview
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global nootkatone (cas 4674-50-4) market size was USD 10 million in 2022 and market is projected to touch 50.23 Million by 2031, exhibiting a CAGR of 20.1% during the forecast period.
Nootkatone is a natural organic compound and a sesquiterpene ketone with the molecular formula C15H22O. It is found in certain types of plants, such as Alaska yellow cedar trees, grapefruit, and vetiver grass. It has a unique woody, citrus-like aroma and flavour, and is commonly used in the fragrance and flavour industries.
Apart from its use in fragrances and flavourings, nootkatone has also been found to have several beneficial properties. It has been shown to have insecticidal properties, and is used as a natural insect repellent, particularly against ticks and mosquitoes. It has also been found to have antifungal and antibacterial properties and is being studied for its potential use as a treatment for various diseases.
COVID-19 Impact: Pandemic Hamper the Demand of Nootkatone to Market Growth
The COVID-19 pandemic's effects on the nootkatone (CAS 4674-50-4) market have been conflicting. Nootkatone-containing insect repellents are in more demand as a result of worries about the spread of vector-borne illnesses including Lyme disease and West Nile virus. Sales of insect repellents containing nootkatone have surged as a result, especially in areas where these diseases are common. The manufacture and delivery of nootkatone and other raw materials used in the fragrance and flavor industries have been delayed and disturbed as a result of the epidemic, which has also impacted global supply networks. This has affected the market for nootkatone and other natural flavors and perfumes overall, causing shortages of some items and price increases for others.
Latest Trends
"Increasing Demand as a Natural Insect Repellant to Drive Market Expansion"
The use of nootkatone (CAS 4674-50-4) is its growing popularity as a natural insect repellent, particularly against ticks and mosquitoes. With the increasing concern over vector-borne diseases such as Lyme disease and Zika virus, consumers are seeking more effective and natural ways to protect themselves from insect bites. Nootkatone, which is a natural compound found in plants such as grapefruit and Alaska yellow cedar trees, has been found to be a highly effective insect repellent with a pleasant scent.
Nootkatone (CAS 4674-50-4) Market Segmentation
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- By Type Analysis
According to type, the nootkatone (CAS 4674-50-4) market can be segmented into nootkatone crystals and nootkatone liquid.
In terms of type, the nootkatone crystals is anticipated to be the largest segment during the forecast period.
- By Application Analysis
Based on application, the nootkatone (CAS 4674-50-4) market can be divided into flavors & fragrances, personal care, and pest control.
In terms of application, the personal care market is projected to hold the largest nootkatone (CAS 4674-50-4) market share through 2031.
Driving Factors
"Fragrance and Flavor Industry Development to Increase Market Growth"
Nootkatone is a highly valued natural fragrance and flavour compound due to its unique woody, citrus-like aroma and flavour. As consumer demand for natural and sustainable products continues to grow, the use of nootkatone in the fragrance and flavour industry is expected to increase.
"Agriculture and Bioplastics to Spur Market Expansion "
Nootkatone has also shown potential as a green solvent in the bioplastic industry. It has been found to be an effective solvent for chitin, which is a natural polymer found in shellfish waste and other sources. Using nootkatone as a solvent could help reduce the use of hazardous chemicals and promote the use of renewable resources in the bioplastic industry. Nootkatone has been found to have insecticidal properties and can be used as a natural insecticide in the agriculture industry. It has been shown to be effective against pests such as aphids, mites, and whiteflies, and could provide a natural and sustainable alternative to synthetic pesticides.
Restraining Factors
"High Prices and Limited Availability will Restrict Market Expansion"
Nootkatone is a natural compound found in plants such as grapefruit and Alaska yellow cedar trees, and its extraction and purification can be expensive and time-consuming. The limited availability and high cost of nootkatone can be a significant restraining factor for its use in various industries. The use of nootkatone as a natural insect repellent or flavoring agent requires regulatory approval, which can be a time-consuming and costly process. In addition, the regulatory landscape for natural products is constantly changing, and new regulations or restrictions could limit the use of nootkatone in certain applications.
Nootkatone (CAS 4674-50-4) Market Regional Insights
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"The North America Region will Dominate Market Due to Strong Demand for Natural and Sustainable Products"
North America is a major market for nootkatone, particularly in the insect repellent and fragrance industries. The region has a high demand for natural and sustainable products, and nootkatone's natural origin and effectiveness as an insect repellent and fragrance compound make it a popular choice. However, regulatory hurdles and sustainability concerns could limit its use in the region.
Europe is also a significant market for nootkatone, particularly in the fragrance and flavor industries. The region has strict regulations for natural products, which can make it difficult for new natural products such as nootkatone to gain approval. However, the growing demand for natural and sustainable products in the region could drive the demand for nootkatone in the future.
Key Industry Players
"Adoption Aluminum Recycling Services by Key Players Influencing Market Development"
The top key players in the market are Evolva, Isobionics, International Flavors&Fragrances, Vishal Essential, Puyi biology. Most of the top players hold the nootkatone (CAS 4674-50-4) market shares. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the nootkatone (CAS 4674-50-4) market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the nootkatone (CAS 4674-50-4) market.
List of Market Players Profiled
- Evolva (Switzerland)
- Isobionics (Netherlands)
- International Flavors&Fragrances (U.S.)
- Vishal Essential (India)
- Puyi Biology (China)
Report Coverage
This report examines an understanding of the nootkatone (CAS 4674-50-4) market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 10 Million in 2022 |
Market Size Value By |
US$ 50.23 Million by 2031 |
Growth Rate |
CAGR of 20.1% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global nootkatone (CAS 4674-50-4) market expected to touch by 2028?
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What CAGR is the nootkatone (CAS 4674-50-4) market expected to exhibit during 2023-2031?
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Which are the driving factors of the nootkatone (CAS 4674-50-4) market?
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Which are the top companies operating in the nootkatone (CAS 4674-50-4) market?