Global Farnesene Market Research Report 2023

Farrnesene Market Size

The Farnesene Market is expanding gradually due to the increased need for alternative fuels to power various modes of transportation. This is primarily because the chemical group is crucial to the production of biofuels and other types. Additionally, customers are strongly urged to choose biofuels as a result of rising government measures to cut CO2 and other greenhouse gas emissions, which will help the industry grow. According to the results of several tests, farnesene-derived fuels can significantly lower emission levels.

The global Farnesene market was valued at US$ 46 million in 2022 and is anticipated to reach US$ 63 million by 2029, witnessing a CAGR of 4.6% during the forecast period 2023-2029. 

Farrnesene Market Trends

The main trend influencing the growth of the farnesene market is the rising use of farnesene in multifunctional cosmetics, surfactants, and emulsifiers. The current trend is to combine several features into a single product. These multipurpose products are typically pricey, but because of their variety of functions, consumers view them as being cost-effective. Vendors are concentrating on these goods as a result to meet the rising demand. Consumers choose products that provide both antioxidants and hydration. During the projected period, the demand for multifunctional items is anticipated to increase sales of cosmetics products.

Aside from the gasoline industry, the farnesene family, primarily squalene, is used in the cosmetics industry. The main applications for this kind of farnesene include moisturizing creams, anti-aging creams, and other cosmetic items. Furthermore, it is predicted that demand for these cosmetics would soar in the future due to rising awareness of the importance of maintaining one's beauty and well-being. The cosmetics sector might start producing and using farnesene in large quantities as a result. 

Finally, as urbanization has exploded, so has the need for cutting-edge culinary products. The farnesene market is predicted to have a strong turnover because it is mostly utilized in flavoring and perfumes.

Farrnesene Market Share

There are two production companies: ADL Biopharma and Amyris Brasil. Actually, Amyris controls the sector. The largest consumption region was Asia-Pacific. It held a 48% consumption share in 2019. Numerous industries, including nutraceuticals, polymers & adhesives, solvents, cosmetics, and so on, could use farnesene. With a 58% consumption share, nutraceuticals are the primary application field in 2019.

The European region is expected to showcase maximum growth in the personal care industry, thus being beneficial to the market in this region.

By Companies

• Amyris Brasil(DSM)
• ADL Biopharma

By Type

• Beta Farnesene
• Alpha Farnesene

By Application

• Nutraceuticals
• Polymers & Adhesives
• Solvents
• Tires & LFR
• Cosmetics
• Others

By Region

• North America
• Europe
• China
• Japan

Core Chapters

• Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by type, by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
• Chapter 2: Detailed analysis of Farnesene manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
• Chapter 3: Production/output, value of Farnesene by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
• Chapter 4: Consumption of Farnesene in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
• Chapter 5: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 6: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: The main points and conclusions of the report.

Scope of Farnesene Market Report