The global demand for Farnesene Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020-2026. Whereas with regards to volume, the market was calculated XX Tons in 2021 and foreseen to touch XX Tons by 2027 with a CAGR of XX% during 2021-2027.
Farnesene is defined as the set of six closely related chemical compounds which all are sesquiterpenes. Sugarcane is used for the production of farnesene, which is fermented and uses yeast to convert the sugar into isoprenoids, including farnesene, which separates and recovered from the fermented sugar. The farnesene is then “finished” to be used in a variety of products including cosmetics & personal care, performance materials, flavors & fragrances, and fuels & lubes.
The increasing usage in vehicles and aviation sector as a biofuel is driving the market growth. Growing personal care & cosmetics industry and biofuel sector are again boosting the market growth. However, the availability of substitutes like other biofuels in the aviation industry is expected to hamper the market growth. Whereas, emerging and untapped market of some region are expected to augment demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of farnesene.
The entire farnesene market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Cosmetics & Personal Care
- Performance Materials
- Flavors & Fragrances
- Fuels & Lubes
This section covers regional segmentation which accentuates on current and future demand for farnesene market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Farnesene Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the farnesene market include Amyris, Inc., Chromatin, Inc and Intrexon Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.