Farnesene market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. Farnesene is a chemical compound known as ?-farnesene. In plants, farnesene is found as a natural coating on fruits and also a component of different essential oils. Farnesene is found in green apple skin and is also found in sandalwood, cedarwood, patchouli, hops, ginger, turmeric, potatoes, gardenias, ylang-ylang, grapefruit, and myrrh. The growing awareness of natural and organic cosmetic products and ingredients along with the growing demand for farnesenes during the forecast period is supporting the growth of the farnesene market globally.
During the COVID-19 pandemic period, people started focusing more on their health and switched to a healthy diet. The rising consumer awareness toward healthy diets due to the increasing number of diseases also led to the increased demand for natural and organic ingredients in the food & beverage industry. This supports boosting the growth and demand of farnesene in the flavors & fragrances industry during the forecast period. However, owing to the imposition of lockdown across the major cities, ports, and manufacturing units halted the supply chain globally, which has impacted the farnesene market negatively.
The global farnesene market is segmented based on the application. Based on the application, the market is further segmented into cosmetics & personal care, flavor & fragrances, performance materials, and fuels & lubricants. The above-mentioned segments can be customized as per the requirements.
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Farnesene Market Segmentation
By Application
- Cosmetics & Personal Care
- Flavor and Fragrances
- Performance materials
- Fuels & Lubricants
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- ADL BIOPHARMA S.L.U.
- Amyris, Inc.
- Bedoukian Research, Inc.
- Chromatin, Inc.
- Intrexon Corp.
- Katyani Exports
- Merck KGaA
- National Agency for the Automated Processing of Offenses (ANTAI)
- Parchem fine & specialty chemicals
- Penta Manufacturing Co. LLC
- Precigen Inc.
- Santa Cruz Biotechnology Inc.
- Synerzine Inc.
- Tate and Lyle PLC
- Toronto Research Chemicals Inc.
- Triveni Chemicals
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