Ethyl Levulinate Market Size To Reach $16.4 Million By 2030

Ethyl Levulinate Market Growth & Trends

The global ethyl levulinate market size is anticipated to reach USD 16.4 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 3.8% from 2025 to 2030. The global industry is in its nascent stage and is characterized by few industry participants. Presence of very few manufacturers gives a competitive edge over new entrants. Industry participants as well as governments have been extensively investing in R&D to develop novel applications as well as cheaper raw materials. Potential applications such as bio-diesel additive are expected to positively impact the market. 

Prolonged exposure to ethyl levulinate may cause dizziness, eye irritation, lung damage, coma and behavioral changes. Such toxic effects are presumed to expose ethyl levulinate industry to several regulations, thus constricting market growth and development. Several R&D initiatives are being taken by government to come up with cheaper raw material for ethyl levulinate production. This is projected to create ample opportunities for this industry over the forecast period. 

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Ethyl Levulinate Market Report Highlights

• The food grade segment held the largest market share in 2024, driven by its critical function as a food additive that enhances flavor and aroma in various products. 

• Fragrances dominated the market in 2024, as ethyl levulinate is critical in enhancing the scent of perfumes and personal care products. 

• Asia Pacific ethyl levulinate market dominated the global market in 2024 due to rapid industrialization and urbanization in key economies such as India and China.

Ethyl Levulinate Market Segmentation

Grand View Research has segmented the global ethyl levulinate market report based on type, application, and region:

Ethyl Levulinate Type Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Food Grade

• Industrial Grade

Ethyl Levulinate Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Food Additives

• Fragrances

• Others

Ethyl Levulinate Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

• Latin America

  • Brazil

• Middle East & Africa

List Of Key Players in the Ethyl Levulinate Market

• Advanced Biotech

• Alfa Aesar

• Axxence Aromatic GmbH

• Bedoukian Research Inc.

• BEIJING LYS CHEMICALS CO., LTD

• Berjé Inc

• CTC Organics

• Elan Incorporated FZE

• Fleurchem Inc

• Indukern F&F Ingredients Division

• Lluch Essence S.L.U.

• M&U International

• Oakwood Products, Inc.

• Penta Manufacturer

• PerfumersWorld Ltd.

• Merck KGaA (Sigma-Aldrich)

• Tokyo Chemical Industry Co., Ltd

• Ernesto Ventós S.A.

• Vigon International, LLC