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Hexyl Acetate Market Size
Hexyl Acetate Market size was valued at USD 97 million in 2022 and will record more than 4% CAGR over 2023-2032. The increasing consumer demand for natural and organic products, rapid growth of the food and beverage industry, and rising disposable incomes worldwide are contributing to market development.
The escalating demand for unique and appealing scents will thus influence hexyl acetate industry dynamics over the forecast period. Hexyl acetate, a naturally occurring compound found in fruits and flowers, is widely utilized as an aromatic ingredient in various applications, including food and beverages, cosmetics, and personal care products.
What is the size of the hexyl acetate market?
Market size for hexyl acetate was valued at USD 97 million in 2022 and will record more than 4% CAGR over 2023-2032, given the increasing consumer demand for natural and organic products, rapid growth of the food and beverage industry, and rising disposable incomes worldwide.
Why is the demand for hexyl acetate as a flavoring ingredient increasing?
Flavoring agent applications accounted for a 29% share of the hexyl acetate industry in 2022, owing to the product
Who are the key companies in the hexyl acetate business?
Some of the major entities operating in the hexyl acetate industry include The Good Scents Company, International Flavors?Fragrances, Bontoux, Beijing Lys Chemicals, Apiscent Labs, Advanced Biotech, Nimble Technologies, RX Marine International, Zhejiang NetSun, Lanxess AG, and Merck KGaA.
How big is the North America hexyl acetate market?
North America market for hexyl acetate was over USD 31 million in 2022, given the growing preference for natural and organic products among consumers, and the use of the compound as a fragrance ingredient.