Farnesene Market is expected to reach US$ 0.54 Bn. by 2029, at a CAGR of 6% during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Farnesene Market Dynamics:
Farnesene is used widely in the cosmetic and perfume industry owing to its pleasing odor and is expected to drive the market growth in the upcoming years. Farnesene is used as an ingredient in moisturizing and anti-ageing cream formulations and is expected to witness industry growth because of the boost in the cosmetic and personal care product industry. The product finds its use in several food applications in light of its good flavor is likely to upsurge its demand in future. The flavor attribute makes it an excellent supplement in teas and juices and is probable to augment its demand. Other applications of farnesene are in surfactants, stabilizers, oligomers, adhesives, polymers, fragrances, resins, foams, coatings, sealants, emulsifiers, vitamin precursors, and crop protection is anticipated to drive the demand of the industry. Cosmetics application segment led the industry with demand estimated at more than US$ 14Mn for 2022. The farnesene industry size may grow owing to rise in Squalene demand. Increasing demand for cosmetics is one of the major factors driving the farnesene market globally. In the cosmetic industry, the trend of using bio-based resources over synthetic products for numerous anti-ageing cream, lotion, and other cosmetics is taking precedence. The demand for bio-based products is increasing at a steady rate of year-on-year. This trend is helping in the high consumption of farnesene in the cosmetics sector, because of its less toxicity and excellent biodegradable characteristics. The β-Farnesene segment is leading the market for farnesene, owing to its growing applications in vitamin E production. Leading farnesene producers are founding cross geographic partnerships to sell farnesene for vitamin E production. Such as, Amyris, Inc., a leading farnesene producer based in the USA has established a partnership with Nenter, a Chinese biomedicine enterprise to supply farnesene to produce vitamin E.Farnesene Market Regional Insights:
Based on region, Europe will be the major revenue contributor to the farnesene market during the forecast period. Europe is dominated by Germany, France, and UK farnesene market. The increasing demand for cosmetics, flavor and fragrances and the increasing disposable income of individuals, will drive the growth of the market in this region. Heavy emphasis on utilizing sustainable products derived from biomass along with ecological measures taken to eradicate greenhouse gas emissions is forecast to stimulate the demand for farnesene in the region. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Farnesene Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Farnesene Market.Farnesene Market, Key Highlights:
Global Farnesene Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Farnesene Market Global Farnesene Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Global Farnesene Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Farnesene Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Farnesene Market are also profiled.Farnesene Market Scope: Inquire before buying
Global Farnesene Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 0.35Bn. Forecast Period 2023 to 2029 CAGR: 6% Market Size in 2029: US $ 0.54 Bn. Segments Covered: by Type α-Farnesene β-farnesene by Application Cosmetics Flavor and Fragrances Lubricants Performance Materials Other Farnesene Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Farnesene Market, Key Players
1.Chromatin 2.Intrexon 3.Amyris 4.Penta Manufacturer 5.Tate & Lyle 6.Toronto Research Chemicals 7.Bedoukian Research 8.Katyani Exports 9.Santa Cruz Biotechnology 10.Triveni Chemicals 11.KURARAY Co., LTD. 12.Intenational Flavors & Fragrances 13.Total 14.Precigen 15.Antibióticos de León Frequently Asked Questions: 1. Which region has the largest share in Global Farnesene Market? Ans: Europe region held the highest share in 2022. 2. What is the growth rate of Global Farnesene Market? Ans: The Global Farnesene Market is growing at a CAGR of 6% during forecasting period 2023-2029. 3. What is scope of the Global Farnesene market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Farnesene market? Ans: The important key players in the Global Farnesene Market are – Chromatin, Intrexon, Amyris, Penta Manufacturer, Tate & Lyle, Toronto Research Chemicals, Bedoukian Research, Katyani Exports, Santa Cruz Biotechnology, Triveni Chemicals, KURARAY Co., LTD., Intenational Flavors & Fragrances, Total, and Precigen 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.
Farnesene Market is expected to reach US$ 0.54 Bn. by 2029, at a CAGR of 6% during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Farnesene Market Dynamics:
Farnesene is used widely in the cosmetic and perfume industry owing to its pleasing odor and is expected to drive the market growth in the upcoming years. Farnesene is used as an ingredient in moisturizing and anti-ageing cream formulations and is expected to witness industry growth because of the boost in the cosmetic and personal care product industry. The product finds its use in several food applications in light of its good flavor is likely to upsurge its demand in future. The flavor attribute makes it an excellent supplement in teas and juices and is probable to augment its demand. Other applications of farnesene are in surfactants, stabilizers, oligomers, adhesives, polymers, fragrances, resins, foams, coatings, sealants, emulsifiers, vitamin precursors, and crop protection is anticipated to drive the demand of the industry. Cosmetics application segment led the industry with demand estimated at more than US$ 14Mn for 2022. The farnesene industry size may grow owing to rise in Squalene demand. Increasing demand for cosmetics is one of the major factors driving the farnesene market globally. In the cosmetic industry, the trend of using bio-based resources over synthetic products for numerous anti-ageing cream, lotion, and other cosmetics is taking precedence. The demand for bio-based products is increasing at a steady rate of year-on-year. This trend is helping in the high consumption of farnesene in the cosmetics sector, because of its less toxicity and excellent biodegradable characteristics. The β-Farnesene segment is leading the market for farnesene, owing to its growing applications in vitamin E production. Leading farnesene producers are founding cross geographic partnerships to sell farnesene for vitamin E production. Such as, Amyris, Inc., a leading farnesene producer based in the USA has established a partnership with Nenter, a Chinese biomedicine enterprise to supply farnesene to produce vitamin E.Farnesene Market Regional Insights:
Based on region, Europe will be the major revenue contributor to the farnesene market during the forecast period. Europe is dominated by Germany, France, and UK farnesene market. The increasing demand for cosmetics, flavor and fragrances and the increasing disposable income of individuals, will drive the growth of the market in this region. Heavy emphasis on utilizing sustainable products derived from biomass along with ecological measures taken to eradicate greenhouse gas emissions is forecast to stimulate the demand for farnesene in the region. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Farnesene Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Farnesene Market.Farnesene Market, Key Highlights:
Global Farnesene Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Farnesene Market Global Farnesene Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Global Farnesene Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Farnesene Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Farnesene Market are also profiled.Farnesene Market Scope: Inquire before buying
Global Farnesene Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 0.35Bn. Forecast Period 2023 to 2029 CAGR: 6% Market Size in 2029: US $ 0.54 Bn. Segments Covered: by Type α-Farnesene β-farnesene by Application Cosmetics Flavor and Fragrances Lubricants Performance Materials Other Farnesene Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Farnesene Market, Key Players
1.Chromatin 2.Intrexon 3.Amyris 4.Penta Manufacturer 5.Tate & Lyle 6.Toronto Research Chemicals 7.Bedoukian Research 8.Katyani Exports 9.Santa Cruz Biotechnology 10.Triveni Chemicals 11.KURARAY Co., LTD. 12.Intenational Flavors & Fragrances 13.Total 14.Precigen 15.Antibióticos de León Frequently Asked Questions: 1. Which region has the largest share in Global Farnesene Market? Ans: Europe region held the highest share in 2022. 2. What is the growth rate of Global Farnesene Market? Ans: The Global Farnesene Market is growing at a CAGR of 6% during forecasting period 2023-2029. 3. What is scope of the Global Farnesene market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Farnesene market? Ans: The important key players in the Global Farnesene Market are – Chromatin, Intrexon, Amyris, Penta Manufacturer, Tate & Lyle, Toronto Research Chemicals, Bedoukian Research, Katyani Exports, Santa Cruz Biotechnology, Triveni Chemicals, KURARAY Co., LTD., Intenational Flavors & Fragrances, Total, and Precigen 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.