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The Farnesene Market size was estimated at USD 621.08 million in 2023, USD 671.64 million in 2024, and is expected to grow at a CAGR of 8.36% to reach USD 1,090.21 million by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Farnesene is a naturally occurring organic compound belonging to the family of sesquiterpenes which are hydrocarbons containing 15 carbon atoms and exhibiting diverse structural features that enable them to perform various biological functions. Farnesene exists in two primary isomeric forms: a-farnesene, which is predominant in apple skins, and ß-farnesene, typically found in the essential oils of different plants. Farnesene is increasingly used for the production of renewable biofuel. Beyond biofuels, farnesene has been explored for its use in producing biodegradable plastics, enabling manufacturers to create more sustainable materials with reduced reliance on petroleum-based inputs. In the cosmetics industry, farnesene derivatives have antioxidant and anti-inflammatory effects, contributing to anti-aging formulations and overall skin health. Both a- and ß-farnesene serve as pheromones for several insect species in pest management applications. Overall, farnesene's unique properties open up numerous possibilities across various industries seeking sustainable alternatives while addressing pressing global problems such as climate change and resource depletion. Thus, the farnesene market is experiencing growth due to a rapid inclination towards green and economical products, increased utilization of performance materials and lubricants, and growing applications in cosmetics and agriculture. However, the market faces challenges such as adverse reactions from pure farnesene, low yields, and difficulties in large-scale production. However, opportunities lie in emerging tools and methods for strain engineering to optimize farnesene production and favorable government initiatives supporting bio-based fuel adoption.
Regional Insights
In America, the increasing demand for bio-based products and renewable chemicals is driving the development of the farnesene market. Prominent players such as Amyris Inc., an American biotechnology company specializing in sustainable ingredients production, are pushing boundaries by expanding their product offerings that use farnesene-derived compounds for various applications, including cosmetics, fragrances, and personal care products. Meanwhile, in the APAC region, countries such as China and India are witnessing rapid industrialization, which has resulted in a surging demand for biodegradable materials due to environmental concerns. These countries' growing urbanization and population have increased disposable income, fueling consumer preferences for natural and eco-friendly products. Consequently, manufacturers operating in food & beverages, health supplements, and cosmetic formulations are incorporating farnesene into their production processes to cater to consumers' needs. In the EMEA region, stringent government regulations on carbon emissions and a strong focus on sustainability have been key drivers for adopting bio-based chemicals, including farnesene. The European Union's Renewable Energy Directive (RED) aims to increase the share of renewable energy within member states by setting specific targets that promote the use of biofuels in transportation fuels. This policy support has resulted in considerable investments to explore methods to produce drop-in biofuel solutions utilizing farnesene. Additionally, emerging markets within EMEA are leveraging localized resources to develop innovative farnesene applications in niche sectors such as agriculture.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Farnesene Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Farnesene Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Farnesene Market, highlighting leading vendors and their innovative profiles. These include Abstrax Tech, Inc., Alfa Chemistry, Amyris, Inc., Antai Fine Chemical Technology Co.,Limited, Bedoukian Research Inc., Biomol GmbH, BOC Sciences, CATO Research Chemical Inc., Cayman Chemical, Glentham Life Sciences Limited, Guangzhou Reullei Pharmaceutical Technology Co., Ltd., Immuno Diagnostic Oy, Jinan Future Chemical Industry Co.,Ltd., Klutch Cannabis, Kuraray Co., Ltd., Merck KGaA, Penta Manufacturing Company, Santa Cruz Biotechnology, Inc., SIELC Technologies, Tate and Lyle PLC, Tokyo Chemical Industry Co., Ltd, Toronto Research Chemicals Inc., Triveni Chemicals, United States Biological Life Science, and URSA Extracts.Market Segmentation & Coverage
This research report categorizes the Farnesene Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- a-Farnesene
- ß-Farnesene
- Application
- Adhesives & Resins
- Cosmetics & Personal Care
- Crop Protection
- Flavors & Fragrances
- Foams, Coatings & Sealants
- Fuels & Lubes
- Performance Material
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Farnesene Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Farnesene Market?
- What are the technology trends and regulatory frameworks in the Farnesene Market?
- What is the market share of the leading vendors in the Farnesene Market?
- Which modes and strategic moves are suitable for entering the Farnesene Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Farnesene Market, by Type
7. Farnesene Market, by Application
8. Americas Farnesene Market
9. Asia-Pacific Farnesene Market
10. Europe, Middle East & Africa Farnesene Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- Abstrax Tech, Inc.
- Alfa Chemistry
- Amyris, Inc.
- Antai Fine Chemical Technology Co.,Limited
- Bedoukian Research Inc.
- Biomol GmbH
- BOC Sciences
- CATO Research Chemical Inc.
- Cayman Chemical
- Glentham Life Sciences Limited
- Guangzhou Reullei Pharmaceutical Technology Co., Ltd.
- Immuno Diagnostic Oy
- Jinan Future Chemical Industry Co.,Ltd.
- Klutch Cannabis
- Kuraray Co., Ltd.
- Merck KGaA
- Penta Manufacturing Company
- Santa Cruz Biotechnology, Inc.
- SIELC Technologies
- Tate and Lyle PLC
- Tokyo Chemical Industry Co., Ltd
- Toronto Research Chemicals Inc.
- Triveni Chemicals
- United States Biological Life Science
- URSA Extracts
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 671.64 Million |
| Forecasted Market Value ( USD | $ 1090.21 Million |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
