Role of Crotonaldehyde Market in the Food Industry to Reach a Value of US$ 593.71 Million by 2033

The global crotonaldehyde market is predicted to register a CAGR of 4.2% over the forecast period, as per FMI's analysis. The industry's size is anticipated to increase from US$ 393.46 million in 2023 to US$ 593.71 million by 2033 end.

The demand for crotonaldehyde is projected to scale at a decent pace in the assessment period, thus invigorating the market. Surging utilization of the chemical in numerous end-use industries like agriculture, chemicals, food and beverages, and pharmaceuticals, is expected to propel the compound growth.

The accelerating demand for crotonaldehyde to synthesize a multitude of drugs and intermediates like analgesics and anti-inflammatory agents is pushing the compound demand in the pharmaceutical industry. Also, crotonaldehyde is utilized as a starting material to develop vitamin B6 and other vitamins.

The chemical further finds usage in the food and beverage industry where it is used as a preservative to prolong food products’ shelf life. As far as agriculture is concerned, crotonaldehyde is extensively employed as an herbicide to regulate the growth of weeds in crops like soybeans, corn, and cotton. Apart from that, the product also finds use as an insecticide and fungicide.

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The compound is utilized as a solvent, raw material, and a chemical intermediate, in the chemical industry, to produce various chemicals like ethyl crotonate, crotonic acid, and butyl crotonate. Over the forecast period, the market is expected to push forward on the back of the increasing focus of producers to develop new and inventive products to cater to the ever-increasing demand and remain competitive in the market.

Top Highlights from the FMI's Analysis of the Crotonaldehyde Market:

Key Companies Profiled

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The market is extremely competitive, and the manufacturers are emphasizing on the production of new and advanced products to cater to the rising demand from multiple end-use industries. Mentioned below are some of the key strategies employed by the key players active in the crotonaldehyde industry to acquire a more massive share than the extant share.

Crotonaldehyde Market by Category

By Application, the Crotonaldehyde Industry is segmented as:

By End Use, the Crotonaldehyde Industry is segmented as:

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