According to a new report published by Progressive Markets Report, titled, “Global Natural Diacetyl Market: Opportunity Analysis and Industry Forecast, 2012-2022,” the global natural diacetyl market was valued at $185 million in 2013, and is projected to reach $314 million by 2025, growing at a CAGR of 4.3% from 2018 to 2025. Natural diacetyl is a byproduct of fermentation process of various foods, and is used in beverages such as butter, wine, and cultured foods.
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The major factor that contributes to the market growth includes increase use of diacetyl flavoring agent in the food and beverage industry. However, health issues associated with this chemical such as lung diseases hamper the market growth.
On the basis of type, <99% type segment generated the maximum revenue in the global natural diacetyl market in 2013. However, >99% type is expected to witness the highest CAGR of 4.5% during the forecast period.
Based on application, the food & beverages segment accounted for maximum share in the global market in 2013, whereas pharmacy is expected to witness the highest CAGR of 5.1% during the forecast period.
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The report highlights the overview, business performance, key strategic moves & developments, and market share with respect to the key players operating in the market. The major players studied in the report include CHENGDU YANXI, Ernesto Vents S.A., Hangzhou ZeErRui Chemical Co., Ltd., Hebei Luspharm Trading Co., Ltd., Henan Coreychem Co., Ltd., Jinhua huayi chemical co., ltd, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Yancheng Huade (Dancheng) Biological Engineering Co., Ltd., and Zhejiang J&C Biological Technology Co., Limited.