What is Global Methyl Anthranilate Market?
The Global Methyl Anthranilate Market is a vast and dynamic sector that deals with the production, distribution, and consumption of Methyl Anthranilate, a compound that is primarily used in the flavor and fragrance industry. This market is a significant part of the global economy and plays a crucial role in the development of various industries. Methyl Anthranilate, also known as MA, is an aromatic compound with a fruity grape-like flavor and odor. It is a colorless to pale yellow liquid that is slightly soluble in water and more soluble in alcohol. It is naturally found in various plants and fruits such as grapes, oranges, and jasmine. It is widely used in the production of artificial flavors and fragrances due to its sweet, fruity scent and taste.
Methyl Anthranilate Below 99%, Methyl Anthranilate Above 99% in the Global Methyl Anthranilate Market:
The Global Methyl Anthranilate Market is segmented into two categories based on the purity of the product: Methyl Anthranilate Below 99% and Methyl Anthranilate Above 99%. The Methyl Anthranilate Below 99% segment includes products that have a purity level of less than 99%. These products are typically used in applications where high purity is not required. On the other hand, the Methyl Anthranilate Above 99% segment includes products that have a purity level of more than 99%. These products are used in applications where high purity is required, such as in the pharmaceutical industry. The demand for high-purity Methyl Anthranilate is increasing due to its superior quality and effectiveness.
Flavor and Fragrance Industry, Pharmaceutical Industry, Others in the Global Methyl Anthranilate Market:
The Global Methyl Anthranilate Market finds its usage in various areas such as the Flavor and Fragrance Industry, Pharmaceutical Industry, and others. In the Flavor and Fragrance Industry, Methyl Anthranilate is used as a flavoring agent in food and beverages and as a fragrance in perfumes and cosmetics. It imparts a sweet, fruity, grape-like flavor and scent to products, making them more appealing to consumers. In the Pharmaceutical Industry, Methyl Anthranilate is used as an intermediate in the synthesis of various pharmaceutical products. It is also used in the production of UV-absorbing compounds that are used in sunscreens. Other uses of Methyl Anthranilate include its use as a bird repellent and as a flavoring agent in e-cigarettes.
Global Methyl Anthranilate Market Outlook:
The Global Methyl Anthranilate Market has shown significant growth in recent years. In 2022, the market was valued at US$ 30 million and is expected to reach US$ 38 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.5% from 2023 to 2029. India is the leading player in the Methyl Anthranilate market, holding approximately 23% of the global market share. Europe follows closely, accounting for about 23% of the market share. The top three companies in the market hold about 58% of the total market share, indicating a high level of market concentration.
| Report Metric | Details |
| Report Name | Methyl Anthranilate Market |
| Accounted market size in 2022 | US$ 30 in million |
| Forecasted market size in 2029 | US$ 38 million |
| CAGR | 3.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Ambernath Organics, Anshul Specialty Molecules, Wujiang New Sunlion Chemical, JingJiang Connect Chemical Manufacturing, Hubei Newscien Bioscientific |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
