Global sugar lactone market, 2024-2030

Sugar lactone is formally also known as 3-Hydroxy-4, 5-dimethyl-2(5H)-furanone or sotolone basically used as key flavoring compound. It is found in raw cane sugar, aged sake, coffee, fenugreek, lovage and wines. It’s a extremely powerful aroma compound which as rosted sugar like odor, smell of fenugreek or curry at high concentrations and maple syrup and caramel. This compound belongs to the family of Butenolides. Sugar lactone used as food adjuvant, in brown sugar and maple and berry flavor. This compound is recognized as a key odorant of fortified wines.

This sugar lactone composition has good relative odor impact and longer stability, longer shelf life, soluble in alcohol & water. It also has good stability non discoloringin most media. Due to these properties it has wide applications such food and beverage , cigarettes, perfume and in home care industry.

The global sugar lactone market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global sugar lactone market is growing at a fast pace and increasing its geographical footprint rapidly. The global sugar lactone market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The major growth driver for sugar lactone market globally is the rapid expansion in packed food industry, increase in wine consumption & brown sugar, the personal care industry and home care industry due to increasing population and their purchasing power.

Sugar lactone enjoys wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of sugar lactone market globally. The companies that lead global sugar lactone markets are Frutarom, Treatt, Ark Pharm, Inc, Soda Aromatics company, TCI (Tokyo Chemical Industry), SRS Aromatics Ltd,Phoenix and Excellentia.

Research Methodology

The research procedure begins with the bifurcation of various market segments of the global sugar lactone market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across sugar lactone industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global sugar lactone industry dynamics
• Estimation of the present global Sugar lactone market size in terms of value and volume
• Global Sugar lactone market breakup based on type and applications
• Substantiated global sugar lactone market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global sugar lactone industry value chain