Farnesene Market by Application and Geography - Forecast and Analysis 2021-2025

The farnesene market share is expected to increase by 45227.77 MT from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 26.65%.

This farnesene market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers farnesene market segmentations by application (cosmetics, flavor and fragrances, performance materials, and lubricants) and geographic (Europe, APAC, North America, and South America). The farnesene market report also offers information on several market vendors, including Amryis Inc., Bedoukian Research Inc., Katyani Exports, Penta Manufacturing Co. LLC, Precigen Inc., Santa Cruz Biotechnology Inc., Synerzine Inc., Tate & Lyle Plc, Toronto Research Chemicals Inc., and Triveni Chemicals Pvt. Ltd. among others.

What will the Farnesene Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Farnesene Market Size for the Forecast Period and Other Important Statistics

 

Farnesene Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for cosmetics is notably driving the farnesene market growth, although factors such as volatility in the price of flavor and fragrance may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the farnesene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Farnesene Market Driver

One of the key factors driving the farnesene market growth is increasing demand for cosmetics. In the cosmetic industry, the trend of using bio-based resources over synthetic products for various anti-aging creams, lotions, and other cosmetics is taking precedence. The demand for bio-based products is growing at a steady rate year on year. This trend is aiding in the high consumption of farnesene in the cosmetics sector, owing to its less toxicity and excellent biodegradable characteristics. The increasing older population and the subsequent demand for anti-aging products such as creams, moisturizers, anti-wrinkle creams, and skin whitening products will drive the global farnesene market during the forecast period. The three most populous countries in the world, China, India, and Indonesia, fall in this region. It was estimated that the population of people above age 60 in India is expected to increase from 8% in 2011 to 20% by 2050. By 2050, the population count will reach 324 million. Therefore, with the growing older population, the demand for bio-based anti-aging products (in which farnesene is extensively used) will grow.

Key Farnesene Market Trend

Increasing use of farnesene in multifunctional cosmetic, surfactants, and emulsifiers are the major trend influencing the farnesene market growth. The ongoing trend is about incorporating different functions in a single product. These multifunctional products are usually expensive; however, owing to their diverse functionality, they are perceived as cost-effective. Thus, vendors are focusing on these products to cater to the growing demand. Products containing both hydrate and antioxidants are popular among consumers. The demand for multifunctional products is expected to boost the sales of cosmetics products during the forecast period. This is also expected to positively affect the consumption of farnesene in the next five years. In 2020, the global market for these products was valued at 11.4 billion, which was 11.1 billion in 2019, with an expected growth rate of 4% annually during the forecast period. The consumption of bio-based surfactants is also increasing, owing to the use of green cosmetics. This is anticipated to drive the global farnesene market in the next five years.

Key Farnesene Market Challenge

Volatility in the price of flavor and fragrance is one of the key challenges hindering the farnesene market growth. Farnesene is extensively used in aromatic raw materials and fragrances and flavors. The regulatory constraints applied to aromatic raw material producers and fragrance and flavor manufacturers have significantly increased the production costs. The inflation and the growing demand for raw materials from emerging nations have increased the costs of raw materials. Furthermore, the rise in energy and transportation costs have affected the production processes of raw materials, ranging from harvest to delivery of the finished lots. Natural disasters such as earthquakes, typhoons, droughts, and floods have also affected the demand and supply of raw materials. This is also causing volatility in raw material prices. All these factors are expected to hinder the growth in the global farnesene market.

This farnesene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global farnesene market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the farnesene market during the forecast period.

Who are the Major Farnesene Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Amryis Inc.
• Bedoukian Research Inc.
• Katyani Exports
• Penta Manufacturing Co. LLC
• Precigen Inc.
• Santa Cruz Biotechnology Inc.
• Synerzine Inc.
• Tate & Lyle Plc
• Toronto Research Chemicals Inc.
• Triveni Chemicals Pvt. Ltd.

 

This statistical study of the farnesene market encompasses successful business strategies deployed by the key vendors. The farnesene market is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

• Amyris Inc. - The company offers high quality franesene named as trans beta farnesene.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The farnesene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Farnesene Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the farnesene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by vendors to ensure a sustainable market presence.

Which are the Key Regions for Farnesene Market?

For more insights on the market share of various regions Request for a FREE sample now!

45% of the market's growth will originate from Europe during the forecast period. France and Germany are the key markets for farnesene in Europe. Market growth in this region will be slower than the growth of the market in South America regions.

The increasing demand for beauty and personal care products will facilitate the farnesene market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of the COVID-19 virus has negatively impacted the growth of the farnesene market in the region. This is attributed to the closure of shopping malls and grocery stores due to the imposition of lockdowns in the region to control the spread of the virus. However, the region has observed a surge in the online sales of the products such as beauty and personal care, flavor, and fragrances. For instance, the e-commerce value growth rate in France was at its lowest in 2020. Also, it was seven times higher than the offline growth rate and up to 16 times higher in Italy as compared to 2019. Moreover, cosmetics and personal cares products were the third most sold items category in Europe in 2020. The surge in the sales of cosmetics and personal care products coupled with the rising smartphone penetration in the region is further expected to proliferate the demand for farnesene in the forecasted period.

What are the Revenue-generating Application Segments in the Farnesene Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The farnesene market share growth by the cosmetics will be significant during the forecast period. In the cosmetics and personal care industry, it is used to manufacture products such as bath oils, makeup foundations, lipsticks, eyeliners, moisturizers, sunscreens, nail polishes, cleansers, body powders, and other skin care products. The growing aged population and the subsequent demand for anti-aging products such as anti-wrinkle creams and moisturizers will drive the growth in the global farnesene market during the forecast period.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the farnesene market size and actionable market insights on post COVID-19 impact on each segment.

 

Farnesene Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 26.65%
Market growth 2021-2025	45227.77 MT
Market structure	Concentrated
YoY growth (%)	25.55
Regional analysis	Europe, APAC, North America, and South America
Performing market contribution	Europe at 45%
Key consumer countries	US, China, France, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Amryis Inc., Bedoukian Research Inc., Katyani Exports, Penta Manufacturing Co. LLC, Precigen Inc., Santa Cruz Biotechnology Inc., Synerzine Inc., Tate & Lyle Plc, Toronto Research Chemicals Inc., and Triveni Chemicals Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Farnesene Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive farnesene market growth during the next five years
• Precise estimation of the farnesene market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the farnesene industry across Europe, APAC, North America, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of farnesene market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch