Global Farnesene Market is Expected To Grow At 25.5% Compound Annual Growth Rate (CAGR), by Revenue, and 27.7% CAGR, by Volume, from 2017 – 2025; Rising Demand for Farnesene in Vitamin E Production is Fuelling the Growth of the Market: Factor & Equilibrium

Farnesene Market Report Code: CM-101-030318 | Category: Chemicals and Materials
Format: pdf file iconexcel file iconPPT File Image | No. of Slides: 150 | No. of Figures: 42 | No. of Tables: 24


As per a new market research report published by Factor & Equilibrium (www.factorandequilibrium.com), “Farnesene Market – Global Industry Insights Market Size, Estimation and Growth Forecast By Type (β-Farnesene and Isomer Mixtures), By Application (Vitamins, Performance Materials, Cosmetics & Personal Care, Flavors & Fragrances, Fuel and Others), & By Regions, 2017- 2025” is expected to reach USD 262.2 Million by 2025 in terms of revenue. In 2016, the market was valued USD 35.0 Million in terms of revenue. In terms of volume, Farnesene market size was 9,350.5 Metric Tons in 2016 and expected to reach 81,145.1 Metric Tons by 2025.

Farnesene Market Size
Farnesene Market Size By Geography

Browse 24 Data Tables and 42 Figures in the full report at: https://www.factorandequilibrium.com/market-report/farnesene-market-growth-analysis

 

Farnesene Market Size Overview

The Farnesene market is expected to grow at an exponential rate during 2017 to 2025. Farnesene is set of sesquiterpenes, primarily hydrocarbons acting as aroma constituents of different fruits including apple, quinces and berries among others. α-Farnesene and β-farnesene are two isomeric variants of farnesene. Apart from β-farnesene, isomeric mixtures of these two variants have commercial applications. Farnesene is used as building block for vitamins, performance materials, cosmetics, perfumes, transportation fuels, and others. Increase in application of farnesene to produce vitamin E is acting as major push factor for the growth of the global farnesene market size. Rise in acceptance of farnesene in performance materials such as polymers, specialty adhesives and lubricants production is acting driver for growth of the industry size.

Rising demand for farnesene as raw material for vitamin E production has been boosting the growth of the farnesene market.

 

Segmentation Overview

Based on type, the global farnesene market has been segmented into β-Farnesene and isomer mixtures. β-Farnesene category contributed for the larger share in the farnesene market size, by both revenue and volume, owing to its increasing applications in vitamin E production. Leading farnesene producers are establishing cross geographic partnerships to sell farnesene for vitamin E production. For example, Amyris, Inc., a leading farnesene producer based in the U.S. has established partnership with Nenter, a Chinese biomedicine company to supply farnesene to produce vitamin E.

By application, the farnesene market has been divided into vitamins, performance materials, cosmetics & personal care, flavors & fragrances, fuel and others. In terms of value and volume, vitamins held the largest share in the market in 2016. In addition, biofuel application has been identified as future growth opportunity for the market.

In terms of both revenue and volume, vitamins was the largest application segment for farnesene market in 2016.

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Regional Overview

By region, the global farnesene market has been segmented into four regions; North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In 2016, Asia Pacific occupied the largest revenue and volume share, accounting for more than 30% of the farnesene market size. The large market share can be attributed to growing demand for farnesene for nutritional ingredients and performance materials development in China and Japan.

Asia Pacific occupied the largest revenue and volume share of the farnesene market.

 

Leading Player Mapping

Some major players in the farnesene industry are: Amyris, Inc. (The U.S.), Intrexon Corporation (The U.S.), Chromatin, Inc. (The U.S.), Toronto Research Chemicals (Canada), Penta Manufacturer (The U.S.), and Bedoukian Research Inc (The U.S.) among others.

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The market has been segmented as follows:

Farnesene Market, by Type

  • β-Farnesene
  • Isomer Mixtures

Farnesene Market, by Application

  • Vitamins
  • Performance Materials
  • Cosmetics & Personal Care
  • Flavors & Fragrances
  • Fuel
  • Others

Farnesene Market, by Region:

  • North America (The U.S., and Canada)
  • Europe (Germany, The U.K, and Rest of the Europe)
  • Asia Pacific (China, India, Japan and Rest of the Asia-Pacific)
  • Rest of the World (Middle East, Latin America and Africa)

 

About Factor & Equilibrium

Factor & Equilibrium is a leading market research and strategy consulting firm. We specialize in helping clients to identify market trends, business opportunities and develop growth strategies. Factor & Equilibrium has engagement model to identify requirements of clients efficiently. We offer premium research studies across different industry verticals including chemicals and materials, semiconductors & electronics, healthcare and food & beverages.

We work as market research and consulting partner for government agencies, companies and research institutes having presence across different countries globally. We are knowledge partner of leading players operating in different industries such as chemicals and materials, semiconductors & electronics, healthcare and food & beverages.

 

Contact

Arupratan Chattopadhyay

Marketing Manager

Factor & Equilibrium

New York City, NY

Email: sales@factorandequilibrium.com

Website:www.factorandequilibrium.com

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