According to the latest report by IMARC Group, titled "Mesifurane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global mesifurane market exhibited steady growth during 2015-2020. Mesifurane is a naturally occurring compound that is commonly found in numerous fruits, such as berries, mangoes, and strawberries. It is an enzymatic methylation product of 2,5-dimethyl-4-hydroxy-3(2H)-furanone with the scientific name O-methyl furaneol. It comprises a furan ring bearing a ketone group. Popularly utilized as a flavoring agent in cosmetic and personal care products, it is known to be environment friendly and non-toxic in nature. It is rich in antioxidants, flavonoids, phenolic acids, lignans, tannins, and stilbenes, owing to which it aids in regulating blood sugar levels. Consequently, it finds extensive applications across the pharmaceuticals, animal feed, cosmetics, and food and beverages sectors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Mesifurane Market Trends:
The global market is majorly driven by the increasing preference toward high-quality processed food products. This has led to the rising demand for fresh and aromatic food additives, including mesifurane. Moreover, significant growth in the pharmaceutical industry is also creating a positive outlook for the market since it is widely utilized in the formulation of bitter medicinal drugs and pharmaceutical products to enhance the taste and fragrance. Apart from this, since mesifurane is popularly added to improve the quality of the meat and dairy produce, considerable growth in the animal feed sector is providing an impetus to the market growth. The market is further driven by the shifting focus of flavor and fragrance companies towards the development of innovative organic flavors. Some of the other factors contributing to the market growth include the growing demand for organic cosmetic products and extensive research and development (R&D) activities conducted by key players. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of around 4% during 2021-2026.
- On the basis of the type, the market has been bifurcated into natural and synthetic.
- Based on the application, the market has been divided into food and beverages, pharmaceuticals, animal feed, cosmetics and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include natural Advantage LLC, Parchem fine & specialty chemicals, Penta Manufacturing Company (Penta International Corporation), Qingdao Free Trade Zone United International Co. Ltd., Shandong Yaroma Perfumery Co. Ltd., Sigma-Aldrich Corporation (Merck KGaA), TengzhouRuiyuanFlavor Co. Ltd., The Good Scents Company, Tokyo Chemical Industry Co. Ltd., Vesino Industrial Co. Ltd. and VladaChem GmbH.
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