As the disposable income of people is growing, the demand of personal care items and food products is growing as well. Owing to this, both the food & beverages and cosmetic & personal care industries are registering considerably growth. The changing food habits of people, globalization, and surging penchant for processed food products has been resulting in the growth of the food & beverages industry. Similarly, the increasing consciousness among people regarding their physical appearance and hygiene, the adoption of cosmetics and personal care products has risen all across the globe.


This is resulting in the growth of the levulinic acid market, as the product is utilized in the production of a number of products in both these industries. The derivatives of levulinic acid, including diphenolic acid, succinic acid, sodium levulinate, methyltetrahydrofuran, hydroxymethylfurfural, and ethyl levulinate, are primarily being consumed heavily for various applications in the food & beverages and personal care products industries. For example, sodium levulinate is utilized as a skin conditioning agent in a different cosmetic products and as preservatives in food products for increasing their shelf life.


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In 2019, the global levulinic acid market reached a value of $27.2 million in 2019 and is predicted to attain a revenue of $60.2 million by 2030, progressing at an 8.8% CAGR during the forecast period (2020–2030). When technology is taken into consideration, the market is divided into acid hydrolysis and biofine, between which, the biofine division is predicted to grow at the fastest pace during the forecast period. This process adopted primarily for the production of levulinic acid, as no microorganisms are used for fermenting monomers, unlike in the hydrolysis process. Therefore, due to the rising awareness regarding the advantages of this process, its adoption is predicted to rise as well.


In terms of application, the market is categorized into fuel additives, food additives, plasticizers, pharmaceuticals, personal care products, and agricultural products, among which, the fuel additives category is predicted to account for the major share of the market during the forecast period. Derivatives of levulinic acid are utilized in fuel additives for enhancing the properties of fuel. Ethyl levulinate is exhibiting increased potential for being utilized as a blend component in formulations of diesel. The utilization of this derivative leads to lower emissions of sulfur as compared to conventional diesel.


Geographically, North America dominated the levulinic acid market in 2019, according to a report by P&S Intelligence. This can majorly be attributed to the increasing requirement for levulinic acid for producing fuel additive n-butyl levulinate in the region. The need for this acid in the U.S. and Canada is also growing from the agriculture and personal care industries. Levulinic acid is extensively gaining popularity as an additive for the production of eco-friendly herbicides. The Asia-Pacific region is expected to witness the highest CAGR during the forecast period.

Hence, the demand for levulinic acid is growing due to the expansion of the food & beverages and personal care industries.