The global farnesene market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). Sugarcane is used for farnesene production although the fluctuation in raw material prices and weather conditions are the two factors which could affect the growth of market. Additionally, the regional availability of raw materials also affects the global price and supply of farnesene. For instance, sugarcane is majorly produced in Brazil and over 55% of ethanol production, followed by sugar. The production from sugarcane is one of the major factor which is supports the farnesene price trends in the global market.
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The market growth is also backed by the presence of prominent market players. The key players operating in the global farnesene market include Amyris Inc., DSM Nutritional Products Co., Precigen Inc., Tate and Lyle Plc, Santa Cruz Biotechnology Inc. and others. These players are engaged in different strategies including mergers & acquisitions, new product developments & launches to bolster their market positions and distribution channels along with product portfolio expansion. For instance, in March 2021, DSM, acquired the flavor and fragrance (F&F) bio-based intermediates business of Amyris, Inc through an agreement of $150 million. The agreement consist of acquisition of seven intermediate products Amyris, Inc that will be added to DSM’s existing Personal Care & Aroma Ingredients activities.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape – DSM Nutritional Products Co., Katyani Exports, Tate and Lyle Plc, Penta Manufacturing Co. LLC, Amyris, Inc., Precigen Inc., and others.
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Global Farnesene Market Report by Segment
By Application
• Cosmetics
• Flavor and fragrances
• Performance materials
• Lubricants
Global Farnesene Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
· ADL Biopharma
· Amyris, Inc.
· Bedoukian Research, Inc.
· Chromatin, Inc.
· Intrexon Corporation
· Katyani Exports
· Merck KGaA
· National Agency for the Automated Processing of Offenses (ANTAI)
· Parchem fine & specialty chemicals.
· Penta Manufacturing Co. LLC
· Precigen Inc.
· Santa Cruz Biotechnology Inc.
· Synerzine Inc.
· Tate and Lyle Plc
· Toronto Research Chemicals Inc
· Triveni chemicals
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