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The global mesifurane market exhibited steady growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Mesifurane, or O-methyl furaneol, is a naturally occurring compound extracted from fruits, such as strawberries, mangoes and arctic berries. It belongs to a class of organic compounds known as furanone consisting of a furan ring bearing a ketone group. It is commonly used as a flavoring agent in cosmetic and personal care products. It is also a rich source of antioxidants, flavonoids, phenolic acids, lignans, tannins, and stilbenes and exhibits anti-inflammatory properties. It has an alluring fragrance and aids in maintaining blood sugar and insulin levels. As a result, it finds extensive applications across various industries, including food and beverage, pharmaceuticals, animal feed and cosmetics.
The growing pharmaceutical industry across the globe represents one of the key factors creating a positive outlook for the market. Mesifurane is widely used as a sweet and caramel-based flavoring agent to improve the taste and fragrance of bitter medicinal drugs and pharmaceutical products. Moreover, widespread product adoption in the food and beverage industry is also driving the market growth. With the shifting consumer preference toward high-quality processed and packaged foods, there is an increasing demand for nutrient-rich fruit-flavored products. Mesifurane is also added to animal feed to improve the quality of the meat and dairy produce, which is favoring the market growth. Additionally, the rising demand for organic additives in personal care and cosmetic products is contributing to the growth of the market. Other factors, including increasing expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global mesifurane market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on region, type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being 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), Tengzhou Ruiyuan Flavor Co. Ltd., The Good Scents Company, Tokyo Chemical Industry Co. Ltd., Vesino Industrial Co. Ltd. and VladaChem GmbH.
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