Farnesene Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 3.2 Billion by 2033, exhibiting a CAGR of 9.2% from 2026 to 2033.
In 2022, the global farnesene market was valued at approximately USD 44.05 million and is projected to reach USD 60.39 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.61% during the forecast period. The Asia Pacific region dominated consumption, accounting for about 48% of the market share in 2019. This dominance is attributed to the regions rapid industrialization and increasing demand for sustainable products. North America also held a significant portion of the market, driven by the presence of major manufacturers and a strong emphasis on bio based products. The farnesene market is experiencing growth opportunities due to the rising consumer preference for natural and organic ingredients, particularly in the cosmetics and personal care sectors. Additionally, the increasing application of farnesene in the production of biofuels and lubricants presents further potential for market expansion. However, challenges such as high production costs and limited availability of raw materials may hinder growth. Investments in research and development aimed at enhancing production efficiency and expanding application areas are expected to create new avenues for market development.
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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. 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 Global 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 Global 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. Global Farnesene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Farnesene Market, By Type
6. Global Farnesene Market, By Application
7. Global Farnesene Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Farnesene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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