Europe Farnesene Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 10.8% from 2024 to 2030.
The European Farnesene market is witnessing robust growth due to its diverse applications across multiple industries, particularly in the chemical, pharmaceutical, and cosmetics sectors. Farnesene, a natural sesquiterpene, is primarily derived from renewable sources such as plant oils. It is widely used as a building block for bio-based chemicals, including fragrances, solvents, and plasticizers. Additionally, its application in the production of biofuels is also gaining traction, as more industries look towards sustainable alternatives. The European Farnesene market is expected to expand rapidly, driven by increasing demand for eco-friendly alternatives and the growing trend toward sustainability in various industries. Key industries such as personal care and cosmetics are relying more on bio-based ingredients, which is boosting the demand for Farnesene. In the pharmaceutical sector, Farnesene's antimicrobial properties make it a valuable component for the creation of drugs and treatments. This broad usage across industries is contributing to Farnesene’s increasing market share in Europe. When looking at the market's specific requirements, one crucial demand from industries is the need for higher purity and better yield during Farnesene production. Manufacturers are constantly exploring new methods to improve the efficiency of Farnesene extraction and distillation processes. The requirement for sustainable, bio-based raw materials is also becoming more critical. Industries are focusing on reducing their carbon footprint by incorporating renewable, environmentally friendly ingredients like Farnesene into their products. As a bio-based product, Farnesene has found its way into the food and beverage industry as well, used as a flavoring agent due to its pleasant aroma and flavor profile. The demand for sustainable, bio-based alternatives to synthetic chemicals is expected to rise, with European regulations also pushing industries to adopt greener options. Consequently, the European Farnesene market is positioned for significant growth as it meets these diverse industrial demands.
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Amyris Brasil(DSM)
ADL Biopharma
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Farnesene Market
Personal Care Products
Food and Beverage Industry
Household Cleaning Products
Aromatherapy and Fragrance Industry
Pharmaceuticals
α-Farnesene
β-Farnesene
Gama-Farnesene
Natural Farnesene
Synthetic Farnesene
Agriculture
Cosmetics and Personal Care
Food Industry
Pharmaceutical Industry
Chemicals Manufacturing
Liquid Formulation
Solid Formulation
Emulsions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Farnesene Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Farnesene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Farnesene Market, By Type
6. Europe Farnesene Market, By Application
7. Europe Farnesene Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Farnesene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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