<h1 class="pgc-h-arrow-right" data-track="1" > A/ethyl maltol is a broad-spectrum flavor booster The market competition will become increasingly fierce</h1>
A / ethyl maltol, the appearance of a white crystalline powder, with a special aroma similar to caramel, belongs to the natural equivalent spice, with non-toxic, flavoring, sweetening, antibacterial, antiseptic and other effects, is a broad-spectrum flavor synergist, mainly used as food additives, daily chemical additives, is widely used in meat products, baking, desserts, candy, beverages, alcohol, dairy products, cigarettes, medicine, cosmetics and other production.
A / ethyl maltol is an artificial flavor, through the chemical synthesis of the method, the main preparation process is fermentation method, coke furfur acid method, furfuryl alcohol method, furfural method and so on. Methyl maltol is different from the raw materials for the production of ethyl maltol, but the production process and production technology are basically the same, so the production line can be reused. Methyl maltol is produced by producing chloromethane as raw material, and ethyl maltol is produced by chloroethane as raw material, and the performance of the two is basically the same as that of the application field, compared with the higher flavoring effect of ethyl maltol.
According to the "2021-2025 A/Ethyl Maltol Industry In-Depth Market Research and Investment Strategy Recommendation Report" released by the New Thinking Industry Research Center, China began to produce A/ethyl maltol in the late 1990s, driven by the rapid development of downstream industries such as food, beverage, tobacco, cosmetics, etc., the market demand for A/ethyl maltol has continued to grow, promoting the continuous expansion of the scale of the A/ethyl maltol industry and the continuous improvement of production capacity. At this stage, China's A/ ethyl maltol production enterprises mainly include Jinhe Industry, Beijing Tianlihai, Zhaoqing Spice Factory, Shaanxi Tangzheng, Xinhecheng, Wanxiang International, etc., of which Jinhe Industrial has the largest proportion of output.
From 2016 to 2017, affected by safety accidents, stricter environmental protection policies and other factors, A/ethyl maltol production enterprises Beijing Tianlihai and Zhaoqing Spice Factory stopped production and limited production, which further expanded the market share of Jinhe Industry and its leading position was stable; at the same time, China's A/ethyl maltol production also declined, the market supply was tight, and the price of products rose rapidly. In this context, since 2018, China's A/ ethyl maltol industry to expand production capacity and new production capacity increased rapidly, the future with the new capacity into the production period, China's A / ethyl maltol market pattern will change, overcapacity phenomenon will become increasingly prominent.
According to the annual report of Jinhe Industry, in 2020, the company's total operating income was 3.67 billion yuan, down 7.7% year-on-year; the net profit attributable to the mother was 720 million yuan, down 11.2% year-on-year. In 2020, due to the impact of the new crown epidemic, the decline in downstream demand and the obstruction of exports, jinhe industry's revenue and net profit showed a downward trend. However, in the long run, with the epidemic well controlled, the food, beverage, cigarette, cosmetics market development momentum is good, and the demand for A/ethyl maltol is expected to continue to grow.
New Thinking industry analysts said that A / ethyl maltol is a broad-spectrum flavor enhancer, its safety, flavor enhancement effect is remarkable, in the field of food, daily chemicals widely used, the demand is growing. The global alpha/ethyl maltol production capacity is mainly concentrated in mainland China, and the concentration of A/ethyl maltol industry in China is relatively high, and there are 6 major production enterprises. However, with the continuous expansion of production capacity, China's A/ ethyl maltol market competition is becoming increasingly fierce, if the new production capacity is fully put into production, the future market pattern is more likely to change.