Delta Octalactone Market - Forecast(2024 - 2030)

Report Code: CMR 19595 Report Format: PDF + Excel

Delta Octalactone Market Overview

The Delta Octalactone Market size is forecasted to grow at a CAGR of 3.5% during the forecast period 2022-2027. Delta octalactone is a organic intermediate compound that can be used in a wide range of industries such as pharmaceutical and agrochemical. It is an aromatic compound with coconut, peach, and creamy cocoa flavor. It is available in colorless to pale yellow form and can be used most commonly in cheese, coconut cream, and tropical vanilla. In many applications, it is utilized as coumarin replacer. Several research and developmental activities have been carried out in the field of delta octalactone, for instance, the biosynthesis of delta octalactone is going on by the lipoxygenase pathways. Staphylococcus aureus delta toxin is a type of toxin which is formulated by staphylococcus aureus. Few types of lactones are observed as effective against staphylococcus aureus.

COVID-19 Impact

Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The industries such as cosmetic and personal care, food and beverages, and agriculture including many others have experienced pitfalls. Many projects in such industries have been halted due to an interrupted supply chain and employee shortages due to quarantines. Also, the production and demand in cosmetic and personal care industry has declined due to an interrupted supply chain and cessation in transportation. Also, according to L’Oréal, in 2020, the Q1 cosmetics sale of the company declined by 8%. Thus, the global pause in industrial production and distribution, the demand and consumption of delta octalactone has hampered to an extent in several industries. Moreover, a decrease in the demand for agrochemicals has also hampered the market growth during the pandemic.

Report Coverage

The “Delta Octalactone Market Report – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the delta octalactone industry.

By Purity: Below 98%, 98%, and Above 98%
By Packaging: Metal (Steel, Aluminum, and Others), Glass, Plastic, and Others
By Application: Food Flavor (Mango, Coconut, Raspberry, Cream, and Others), Aroma Chemicals, Fragrance Agent, Dyestuff, Agrochemicals, Feed Additive, and Others
By End Use Industry: Pharmaceutical, Cosmetics and Personal Care (Creams and Lotions, Liquid Soap, Shampoo, Tablet Soap, and Others), Food and Beverages, Agriculture, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), and South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

  • The remarkable growth in global food and beverages is driving the growth of global delta octalactone market.
  • Delta octalactone plays an important role in several applications such as food flavor, aroma chemicals, and agrochemicals which is expected to provide significant growth opportunity for the global market.
  • Asia Pacific is the dominating region in the global delta octalactone market. This growth is mainly attributed to the increased demand for delta octalactone in cosmetic and personal care industry. 
Figure: Asia Pacific Delta Octalactone Market Revenue, 2021-2027 (US$ Billion)
Delta Octalactone Market
For More Details on This Report - Request for Sample

Delta Octalactone Market Segment Analysis – By Application

The food flavor segment held the largest delta octalactone market share in 2021, with a share of over 32%. Delta octalactone is an aroma compound comprising of different flavors such as peach, coconut, and cocoa. Thus, it is extensively used in food and beverages as a flavouring agent. It owns sweet and creamy odour. It is considered as remarkable flavor constituent in range of natural products. It can be used with food products such as butter, cheese, cream, burley tobacco, and yogurt including many others. Thus, increase in the use of delta octalactone as food flavor is expected to provide substantial growth opportunities in the global market during the forecast period.

Delta Octalactone Market Segment Analysis – By End Use Industry 

The cosmetic and personal care segment is expected to grow at a fastest CAGR of 4.7% during the forecast period in the global delta octalactone market. Delta octalactone is a common compound in dairy products and can be utilized as an ingredient in range of products as flavoring agent. It is utilized as fragrant is creamy textured household products. It can be used as flavor and fragrance compound in range of cosmetics products such as shampoo, hair conditioner, shower gel, and liquid soap including many others. According to the Unilever press release 2021, the beauty and personal care underlying sales rose by 3.8%, price by 3.0%, and volume by 0.8% in 2021. Thus, the growth cosmetic and personal care industry is further boosting the demand for delta octalactone.

Delta Octalactone Market Segment Analysis – By Geography

Asia Pacific held the largest delta octalactone market share in 2021, with a share of 34%. This growth is mainly attributed to the increase in demand for delta octalactone in several end use industries in this region such as pharmaceutical, cosmetic and personal care, food and beverages, and agriculture including others. The presence of numerous developing countries such as China, India, Indonesia, and Malaysia including others are the major countries supporting the growth of the market. According to data from Malaysia External Trade Development Corporation, in 2019, the cosmetics and personal care sales in Malaysia accounted for $5 billion. Thus, industrial development in this regional in driving the growth of delta octalactone in this region.

Delta Octalactone Market Drivers

Surge in demand for agrochemicals

Delta octalactone is considered as significant organic intermediate which is present in coconut oil, peaches, cheese, and butter oil. It is used in wide range of application such as dyestuff, agrochemicals, feed additive, and aroma chemicals including many others. In agrochemicals, it is used as an aroma ingredient during their manufacturing process. The growth in agricultural harvest and surge in crop production across the globe is creating a high demand for delta octalactone market. According to the World Bank, the global agricultural, fishing, and forestry growth accounted to around 2.04% in 2020. Thus, the increasing production and development in the agricultural sector is driving the market and offering growth in the global delta octalactone industry.

Significant Growth in Food and Beverages Industry

Delta octalactone is concentrated flavor and aromatic ingredient which can be used in flavor and fragrance compounds. Naturally, it is found in raspberry and coconut and own creamy and fruity odor. It is used in range of chemical products and extensively used in food and beverages industry as flavoring agent. For instance, it is used in skimmed milk powder to add coconut flavor in it. The global growth of food and beverage sector is driving the delta octalactone market. According to the India Brand Equity Foundation (IBEF), the food processing sector in India will reach USD 535 billion by the year 2025-26. Delta octalactone is majorly used in food and beverages industry to include creamy, fruity, and dairy flavors to the food products. Thus, growth of food and beverages industry is fueling the global delta octalactone market.

Delta Octalactone Market Challenges

Regulations related to the production and storage of delta octalactone

Delta octalactone is widely used as flavoring and fragrance agent in range of industries such as food and beverages, cosmetics and personal care, and agriculture including many others. However, the product is used directly is consumer products, thus, the manufacturing companies need to comply with several regulation related to the manufacturing of delta octalactone. The complying factors such as nutritional information, allergen testing, dietary restriction, and gluten free declaration etc. However, the product is heat and light sensitive, thus, it needs to be stored in cool, dry, and well-ventilated place. Thus, regulation and storage restrictions related to delta octalactone may hamper the market growth.

Delta Octalactone Industry Outlook

Delta Octalactone market top 10 companies include -

  1. Firmenich SA
  2. Aurochemicals
  3. Foreverest Resources Ltd.
  4. Vigon International, LLC.
  5. Soda Aromatic Co. Ltd.
  6. Shenzhen Simeiquan Biotechnology Co., Ltd.
  7.  Xiamen Miracle Bio-Technology Co., Ltd.,
  8. Guangzhou Rihua Flavor & Fragrance Co., Ltd.
  9.  Kunshan Odowell Co. Ltd.
  10. De Monchy Aromatics

Recent Developments

  • In December 2021, Firmenich, the world largest fragrance and taste company has announced a new fragrances collection named Pure Imagination inspired by Pentone 17-3938 Very Peri.

Relevant Reports

Aroma Chemicals Market Analysis - Forecast(2022 - 2027)

Report Code: CMR 0330

Flavors and Fragrance Market - Forecast(2022 - 2027)

Report Code: FBR 0178

Flavors Ingredients Market - Forecast(2022 - 2027)

Report Code: FBR 0532

For more Chemicals and Materials Market reports, please click here

1. Delta Octalactone Market- Market Overview
    1.1 Definitions and Scope
2. Delta Octalactone Market - Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Packaging
    2.3 Key Trends by Application
    2.4 Key Trends by End Use Industry
    2.5 Key Trends by Geography
3. Delta Octalactone Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Delta Octalactone Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Delta Octalactone Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Delta Octalactone Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Delta Octalactone Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Delta Octalactone Market – By Purity (Market Size -$Million/Billion)
    8.1 Below 98%
    8.2 98%
    8.3 Above 98%
9. Delta Octalactone Market – By Packaging (Market Size -$Million/Billion)
    9.1 Metal
        9.1.1 Steel
        9.1.2 Aluminum
        9.1.3 Others
    9.2 Glass
    9.3 Plastic
    9.4 Others
10. Delta Octalactone Market – By Application (Market Size -$Million/Billion)
    10.1 Food Flavor
        10.1.1 Mango
        10.1.2 Coconut
        10.1.3 Raspberry
        10.1.4 Cream
        10.1.5 Others
    10.2 Aroma Chemicals
    10.3 Fragrance Agent
    10.4 Dyestuff
    10.5 Agrochemicals
    10.6 Feed Additive
    10.7 Others
11. Delta Octalactone Market – By End Use Industry (Market Size -$Million/Billion)
    11.1 Pharmaceutical
    11.2 Cosmetics and Personal Care
        11.2.1 Creams and Lotions
        11.2.2 Liquid Soap
        11.2.3 Shampoo
        11.2.4 Tablet Soap
        11.2.5 Others
    11.3 Food and Beverages
    11.4 Agriculture
    11.5 Others
12. Delta Octalactone Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Delta Octalactone Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Delta Octalactone Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
15. Delta Octalactone Market – Key Company List by Country Premium Premium
16. Delta Octalactone Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies*"
LIST OF TABLES

LIST OF FIGURES

1.US Delta Octalactone Market Revenue, 2023-2030 ($M)
2.Canada Delta Octalactone Market Revenue, 2023-2030 ($M)
3.Mexico Delta Octalactone Market Revenue, 2023-2030 ($M)
4.Brazil Delta Octalactone Market Revenue, 2023-2030 ($M)
5.Argentina Delta Octalactone Market Revenue, 2023-2030 ($M)
6.Peru Delta Octalactone Market Revenue, 2023-2030 ($M)
7.Colombia Delta Octalactone Market Revenue, 2023-2030 ($M)
8.Chile Delta Octalactone Market Revenue, 2023-2030 ($M)
9.Rest of South America Delta Octalactone Market Revenue, 2023-2030 ($M)
10.UK Delta Octalactone Market Revenue, 2023-2030 ($M)
11.Germany Delta Octalactone Market Revenue, 2023-2030 ($M)
12.France Delta Octalactone Market Revenue, 2023-2030 ($M)
13.Italy Delta Octalactone Market Revenue, 2023-2030 ($M)
14.Spain Delta Octalactone Market Revenue, 2023-2030 ($M)
15.Rest of Europe Delta Octalactone Market Revenue, 2023-2030 ($M)
16.China Delta Octalactone Market Revenue, 2023-2030 ($M)
17.India Delta Octalactone Market Revenue, 2023-2030 ($M)
18.Japan Delta Octalactone Market Revenue, 2023-2030 ($M)
19.South Korea Delta Octalactone Market Revenue, 2023-2030 ($M)
20.South Africa Delta Octalactone Market Revenue, 2023-2030 ($M)
21.North America Delta Octalactone By Application
22.South America Delta Octalactone By Application
23.Europe Delta Octalactone By Application
24.APAC Delta Octalactone By Application
25.MENA Delta Octalactone By Application