According to a new market report published by Lucintel, the future of the benzyl acetate market looks promising with opportunities in flavor and fragrance, and chemical processing. The global benzyl acetate market is expected to grow with a CAGR of XX% from 2020 to 2025. The major drivers for this market are increasing demand for benzyl acetate from the flavor and fragrance industry, rise in the industrialization, rise in investments by the leading companies, and technological advancements.
In this market, synthetic benzyl acetate, and natural benzyl acetate are the major product types. Lucintel forecasts that natural benzyl acetate will remain the largest segment over the forecast period because owing to its extraction of natural flowers, and fruits properties, is a significant growth attribute for the market.
Within this market, flavor and fragrance, and chemical processing are the major applications of benzyl acetate. Flavor and fragrance will remain the largest segment by application type over the forecast period due to increased consumer demand for organic heath care products with sweet and pleasant aroma.
Asia-Pacific is expected to witness the highest growth over the forecast period due to rapid economic development of these countries such as China, India, Malaysia, Indonesia and Thailand, the disposable income and the purchase parity of the citizens of these countries is growing which is further resulting in magnification of the total customer base in these countries.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global benzyl acetate market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Benzyl Acetate Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global benzyl acetate market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Synthetic Benzyl Acetate
Natural Benzyl Acetate
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Flavor and Fragrance
Chemical Processing
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Germany
United Kingdom
France
Italy
Spain
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.