3-Methyl Valeric Acid Market - Forecast(2023 - 2028)

Report Code: CMR 1401 Report Format: PDF + Excel

3-Methyl Valeric Acid Market Overview

3-Methyl Valeric Acid Market size is forecast to reach US$6.2 billion by 2026 and is growing at a CAGR of 4.3% during 2021-2026Valeric Acid or Pentanoic Acid is a straight-chain alkyl carboxylic acid. Like other low-molecular-weight carboxylic acids, it has an unpleasant odor. It is found naturally in the perennial flowering plant Valeriana officinalis. Its primary use is in the synthesis of its esters. Salts and esters of valeric acid are known as valerates or pentanoates. Volatile esters of valeric acid tend to have pleasant odors and are used in perfumes and cosmetics. Various ethyl valerate and pentyl valerate are used as food additives because of their fruity flavors. 3-methyl pentanoic acid is a very hydrophobic molecule, practically insoluble in water and should be handled carefully owing to its highly corrosive nature. The organic chemical compound 3-methyl valeric acid is widely used as an intermediate in the production of synthetic lubricants, agrochemicals, and pharmaceutical among others and in the fusion of valeric acid esters. Due to the vast use of 3-Methyl Valeric Acid as a chemical intermediate, the market is projected to grow in the forecast period.

COVID-19 Impact

Due to the COVID-19, most of the manufacturing plants were shut down, which declined the production of raw materials for the production of 3-Methyl Valeric Acid. Also, due to disrupted financial flows, and rising absenteeism among production line staff, OEMs have been forced to function at zero or partial capacity, resulting in lower demand and consumption consumer goods. However in the global health crisis, the demand of necessary food additives and Pesticide in Agriculture aid to the sustainable demand of 3-Methyl Valeric Acid. The market continued to survive with the manufacturing companies gradually starting to operate with minimum workforce. And supply chain is gradually returning back to normalcy. The market will gradually gain momentum due to the use of 3-Methyl Valeric Acid in the Food and Agricultural products in the forecast period.

3-Methyl Valeric Acid Market Report Coverage

The report: “3-Methyl Valeric Acid Market – Forecast(2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of 3-Methyl Valeric Acid Market.

By Type: Natural, and Synthetic.
By Application: Food Additives ,Flavors and Fragrances, Synthetic Lubricants, Extracting Agent, Plasticizer, Agrochemicals, Chemical Intermediate, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

Key Takeaways

  • Asia-Pacific dominates the 3-Methyl Valeric Acid market, owing to the increasing demand for food & beverages, and cosmetics among others consumer products. 
  • With increasing worldwide population, the food and beverages industry is foreseen to gather prominent growth opportunities in the forthcoming years.
  • Changing lifestyle and increased inclination toward consuming packaged food products across the globe are some of the key factors fueling demand for 3-methyl valeric acid, thereby boosting market growth. In addition to this, the market for 3-methyl valeric acid is estimated to experience high demand from the companies operating in personal care and cosmetics sectors.
  • According to International Trade Association, in 2019 the U.S. exported personal care and cosmetic products to China valued at $820 million. Hence owing to the cosmetic industry growth,3-Methyl Valeric Acid market will also grow due to its numerous application in cosmetics industry.

 Figure: Asia-Pacific 3-Methyl Valeric Acid Revenue, 2020-2026 (US$ Billion)

 

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3-Methyl Valeric Acid Market Segment Analysis – By Type

Synthetic segment held the largest share of 55% in the 3-Methyl Valeric Acid market in 2020. Isovaleric acidor 3-Methyl Valeric Acid(3-Methyl Pentanoic Acid) has a strong pungent cheesy or sweaty smell, but its volatile esters such as Ethyl Isovalerate have pleasant odors and are widely used in perfumery. It is also the primary flavor added to wine when made using Brettanomyces yeasts. Isovaleric acid is highly soluble in organic solvents. It has been commonly produced using yeasts. Rouxii, is a salt-tolerant yeast and was studied for alpha-keto acid production from valine (the essential amino acid L-valine (Val) is needed for the synthesis of proteins), leucine (Leucine is a potent activator used in the activation of muscle protein synthesis), and methionine.3-Methyl Valeric Acid market is projected to grow because of its synthetic use in various applications.

3-Methyl Valeric Acid Market Segment Analysis – By Application

Food Additive segment held the largest share in the 3-Methyl Valeric Acid market in 2020 and is growing at a CAGR of 6.4% during 2021-2026. The aroma of 3-methyl valeric acid (3-Methyl Pentanoic Acid) can be described as Parmesan cheese, but is also very reminiscent of vomit. It is present in many food products and gives characteristic notes to balsamic vinegar and cheese. Isovaleric acids are believed to give character species to sheep meat and also to goat cheese. Isovaleric acid increases the fat content of the milk in cows but the milk yield does not get affected. Food Additives are needed to ensure processed food remains safe and in good condition throughout its journey from Industrial kitchens, during transportation to warehouses and shops, and finally to consumers. According to Ministry of Food Processing Industries, India's market size for food is expected to reach US$544 billion by 2020-2021 whereas the food industry output is expected to reach US$535 billion in 2025-2026. Thus due to the trending use of packaged and processed food where 3-Methyl Valeric Acid(3-Methyl Pentanoic Acid) finds extensive application, the market is projected to grow sustainably in the forecast period.

3-Methyl Valeric Acid Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the 3-Methyl Valeric Acid market in 2020 up to 38%, owing to the accelerating Processed and Packaged goods demand in the region. According to Leatherhead Food Research, Asian food and beverage market is expected to increase by a compound annualized growth rate of 11% from 2020 to 2024, reaching US$277 billion (approximately €238 billion). In China, Combined profits of major food enterprises, whose annual revenues exceed 20 million Yuan (US$3 million dollars) from their main operations, amounted to 620.66 billion Yuan (US$94 Million dollar) in 2020, up 7.2% year on year, according to the Ministry of Industry and Information Technology China. Yet it is clear that given the expansion of both populations and incomes in the region this market will expand rapidly over the next few years. Particularly important will be the continued growth of cities and of the share of employment in industrial and service activitiesDue to the Rising Population and Highest food consumption in Asia Pacific the 3-Methyl Valeric Acid Market is also expected to grow substantially.

3-Methyl Valeric Acid Market Drivers

Increasing consumption of cheese globally:

Due to the Strong, acidic, slightly fruity, cheesy, sweaty odor of 3-Methyl Valeric Acid(3-Methyl Pentanoic Acid), it is used in Cheese industry and can be used in a variety of aged cheese flavors, especially cheddar, parmesan, and romano. With the protein trend still going strong, cheese manufacturers may wish to consider positioning some of their products as protein foods through front-of-package call-outs and other marketing efforts. Portable, snackable cheeses are especially likely to benefit from protein claims. According to FAO (Food and Agriculture Organization), International cheese prices also increased by 2.1 percent in 2020. According to Glanbia Nutritionals, the global cheese market is forecast to reach $157 billion by 2023. In the U.S., it’s estimated that the cheese market will reach $26 billion by 2023.

Growth in the Dairy Industry globally: 

Milk is traded internationally mainly in the form of processed dairy products. China consumes small amounts of dairy products per capita, but is expected to remain the most important importer of milk products. Japan, the Russian Federation, Mexico, the Middle East and North Africa will continue to be important net importers of dairy products. India and Pakistan are expected to account for more than 30% of world production in 2029. According to FAO (Food and Agriculture Organization), Global milk production reached nearly 906 million tons in 2020, up 2.0 percent from 2019, driven by output increases in all geographical regions, except in Africa, where production remained stable. Milk volume increases were highest in Asia, followed by Europe, the Americas, Oceania and Central America and the Caribbean. In Asia, milk output rose to 379 million tons in 2020, up 2.6 percent year-on-year, principally driven by increases mainly in India, China, Pakistan and Turkey. Kazakhstan, Uzbekistan and Japan too registered moderate production. Due to the huge demand of dairy products, the dairy sector is growing and hence aiding to growth of 3-Methyl Valeric Acid Market which finds application in dairy products.

3-Methyl Valeric Acid Market Challenges

Disease Associated with Isovaleric Acid:

If a mutation in the IVD gene(Isovaleryl-CoA Dehydrogenase) reduces or eliminates the activity of this enzyme, the body is unable to break down leucine properly. As a result, isovaleric acid and related compounds build up to toxic levels, damaging the brain and nervous system. A characteristic feature of isovaleric acidemia is a distinctive odor of sweaty feet. This odor is caused by the build-up of a compound called Isovaleric acid in affected individuals. In about half of cases, the signs and symptoms of this disorder become apparent within a few days after birth and include poor feeding, vomitingseizures, and lack of energy that can progress to coma. These medical problems are typically severe and can be life-threatening.

3-Methyl Valeric Acid Market Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the 3-Methyl Valeric Acid market. 3-Methyl Valeric Acid top companies include:

1. Merck KGaA
2. Santa Cruz Biotechnology, Inc.
3. Penta Manufacturing Company
4. The Good Scents Company
5. Restek Corporation
6. Central Drug House (P) Ltd.
7. Toronto Research Chemicals
8. SynThink Research Chemicals
9. Dupont
10. Sisco Research Laboratories Pvt. Ltd.
11. Neuchatel Chemie Specialties
12. Yufeng International Co., Ltd

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1. 3-Methyl Valeric Acid Market- Market Overview
    1.1 Definitions and Scope
2. 3-Methyl Valeric Acid Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. 3-Methyl Valeric Acid Market– Comparative analysis
    3.1 Company Benchmarking – Major Companies
    3.2 Market Share Analysis- Major Companies
    3.3 Product Benchmarking- Major Companies
    3.4 Top 5 Financials Analysis
    3.5 Patent Analysis- Major Companies
    3.6 Pricing Analysis (ASPs will be provided)
4. 3-Methyl Valeric Acid Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. 3-Methyl Valeric Acid Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
6. 3-Methyl Valeric Acid Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. 3-Methyl Valeric Acid Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. 3-Methyl Valeric Acid Market- By Type(Market Size -US$Million/Billion)
    8.1 Natural
    8.2 Synthetic
9. 3-Methyl Valeric Acid Market – By Application(Market Size -US$ Million/Billion)
    9.1 Food Additives
    9.2 Flavors and Fragrances
    9.3 Synthetic Lubricants
    9.4 Extracting Agent
    9.5 Plasticizer
    9.6 Agrochemicals
    9.7 Chemical Intermediate
    9.8 Others
10. 3-Methyl Valeric Acid Market -By Geography (Market Size -US$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
        10.5.2.3 Rest of Africa
11. 3-Methyl Valeric Acid Market– Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. 3-Methyl Valeric Acid Market–Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking Matrix – Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category- Major companies
13. 3-Methyl Valeric Acid Market – Key Company List by Country Premium Premium
14. 3-Methyl Valeric Acid MarketCompany Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"