South America Isoamyl Acetate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Isoamyl Acetate Market Analysis
The South America Isoamyl Acetate Market is expected to register a CAGR of over 3% during the forecast period.
Isoamyl Acetate is primarily used in the pharmaceutical and food sectors, which were substantially unaffected by the Covid-19 pandemic. As a result, isoamyl acetate consumption was essentially unchanged throughout the pandemic.
- Over the short term, growing demand for flavouring products from the food and beverage industry and increasing isoamyl acetate consumption as a solvent from the cosmetic industry is expected to drive the isoamyl acetate market's growth in South America.
- On the other hand, the availability of several flavouring substitutes is hindering its market expansion.
- However, the growing consumption of alcoholic and non-alcoholic beverages is likely to act as an opportunity for the isoamyl acetate market in South America.
- Brazil is expected to dominate the isoamyl acetate market in South America and is also likely to witness the highest CAGR during the forecast period.
South America Isoamyl Acetate Market Trends
This section covers the major market trends shaping the South America Isoamyl Acetate Market according to our research experts:
Rising Demand for Isoamyl Acetate from Food and Beverage Segment
- Isoamyl Acetate is a colourless liquid that is slightly water soluble and compatible with most organic compounds. It is primarily used in the food industry as a synthetic flavour with over 40 flavours ranging from pia colada to apple and coffee. It is used to package ready-to-eat foods to keep their flavours fresh over time.
- Isoamyl acetate is used as an artificial flavouring additive in the brewing industry for all types of beers (around 0.6 to 1.1 parts per million) to create a fruity-fresh banana flavour and a long-lasting fragrance.
- Due to changing lifestyles and dietary choices, food demand increased significantly in South American countries such as Brazil, Argentina, Colombia, and others. As a result, it promotes the expansion of the acetyl acetate market within the food industry of South America.
- In April 2022, Heineken N.V. announced an investment of USD 360.73 million in a new brewery production facility in Minas Gerais state in southeast Brazil. Because isoamyl acetate is used in all types of beers, it predicts the future growth of isoamyl acetate in South America.
- Therefore, considering the abovementioned factors, the demand for Isoamyl acetate in South America is expected to rise significantly in the food and beverage segment shortly.
Brazil is Expected to Hold Significant Market Share
- Brazil is expected to dominate the market for isoamyl acetate in South America during the forecast period owing to the demand from major end-user industries such as food and beverage and cosmetics, pharmaceuticals, and others.
- Brazil includes the world's fifth-biggest economy and the largest in South America. It is the largest country in South America, with the highest population, the biggest GDP, and the most significant number of trades. As a result, it offers an excellent opportunity for isoamyl manufacturers to provide their products in-country and develop a solid consumer base in the Brazilian market.
- According to the Brazilian Food Industry Association (ABIA), the Brazilian food and beverages industry accounted for BRL 922.6 billion ( USD 172 billion) in 2021, witnessing a growth rate of 16.9% compared to the previous year. Such trends are expected to support the market studied.
- According to the Associaço Brasileira do Indstria de Higiene Pessoal, Perfumaria e Cosméticos, Brazil spent on import of about USD 700 million on beauty and hygiene goods from other countries. Furthermore, isoamyl acetate is a flavoring component in beauty products for fine fragrances, which presents a potential opportunity for the market studied within the region.
- The excessive growth of e-commerce platforms that support sales and distribution of different textile industry products manufactured largely propelled the demand for textile-related products, thereby augmenting the market's growth.
- All factors above are likely to fuel the growth of the South America Isoamyl Acetate Market over the forecast period.
South America Isoamyl Acetate Industry Overview
The South American isoamyl acetate market is consolidated in nature. Some of the major players in the market include BASF SE, Thermo Fisher Scientific Inc., Merck & Co. Inc. (Sigma Aldrich), Tokyo Chemical Industry (TCI America), and Oxiteno, among others ( not in any particular order).
South America Isoamyl Acetate Market Leaders
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BASF SE
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Thermo Fisher Scientific Inc.
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Merck & Co. Inc. (Sigma Aldrich)
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Tokyo Chemical Industry (TCI America)
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Oxiteno
*Disclaimer: Major Players sorted in no particular order
South America Isoamyl Acetate Market News
- October 2022: The PPD clinical research business of Thermo Fisher Scientific Inc. announced a USD 59 million investment plan to expand its research and development laboratory operations. This expansion will enable the company to provide patients with more life-changing medicines worldwide.
- April 2022: Indorama Ventures finalized the acquisition of Brazilian firm Oxiteno from the Ultra Group for USD 1.3 billion, which will help the corporation to maintain its regional leadership in specialty chemicals.
South America Isoamyl Acetate Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand for Flavoring Products from the Food and Beverage Industry
- 4.1.2 Growing Demand for Isoamyl Acetate as a Solvent from the Cosmetic Industry
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4.2 Restraints
- 4.2.1 Availability of Several Flavoring Substitutes
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Price Trend Overview
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 End-user Industry
- 5.1.1 Food and Beverage
- 5.1.2 Cosmetics
- 5.1.3 Textile
- 5.1.4 Pharmaceutical
- 5.1.5 Other End-user Industries
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5.2 Geography
- 5.2.1 Brazil
- 5.2.2 Argentina
- 5.2.3 Colombia
- 5.2.4 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)** /Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Chemoxy
- 6.4.3 Good Scents Company
- 6.4.4 Merck & Co. Inc. (Sigma Aldrich)
- 6.4.5 Oxiteno
- 6.4.6 Thermo Fisher Scientific Inc.
- 6.4.7 Tokyo Chemical Industry (TCI America)
- *List Not Exhaustive
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6.5 MARKET OPPORTUNITIES AND FUTURE TRENDS
- 6.5.1 Growing consumption of alcoholic and non-alcoholic beverages
South America Isoamyl Acetate Industry Segmentation
Isoamyl acetate, also known as isopentyl acetate, is an organic compound composed by the catalytic reaction (Fischer esterification) of acetic acid and isoamyl alcohol. It is slightly soluble in water and highly soluble in organic solvents. It is mainly used as a synthetic flavouring ingredient in different sectors such as food and beverage, cosmetics, and pharmaceuticals. The South America Isoamyl Acetate Market is segmented by end-user industry and geography. By end-user industry, the market is segmented into food and beverage, cosmetics, textile, pharmaceuticals, and other end-user industries. The report also covers the market size and forecasts for the isoamyl acetate market in 3 major countries across the South American region. For each segment, the market sizing and forecasts have been done based on volume (kilotons).
| End-user Industry | Food and Beverage |
| Cosmetics | |
| Textile | |
| Pharmaceutical | |
| Other End-user Industries | |
| Geography | Brazil |
| Argentina | |
| Colombia | |
| Rest of South America |
South America Isoamyl Acetate Market Research FAQs
What is the current South America Isoamyl Acetate Market size?
The South America Isoamyl Acetate Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in South America Isoamyl Acetate Market?
BASF SE , Thermo Fisher Scientific Inc. , Merck & Co. Inc. (Sigma Aldrich) , Tokyo Chemical Industry (TCI America) and Oxiteno are the major companies operating in the South America Isoamyl Acetate Market.
What years does this South America Isoamyl Acetate Market cover?
The report covers the South America Isoamyl Acetate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Isoamyl Acetate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Isoamyl Acetate Industry Report
Statistics for the 2024 South America Isoamyl Acetate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Isoamyl Acetate analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
