Global Myrcene Market Growth 2023-2029

Global Myrcene Market Growth 2023-2029

Product Code:455371

Published Date: Feb 08,2023

Pages: 100

Region: Global

Category: Chemical & Material

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Myrcene is a terpene found in essential oils sourced from a multitude of plants. It is also noted for its presence in various strains of cannabis sativa. It is commonly cited for its positive influence on the perfume-making industry as it can create a unique quality to specially crafted fragrances.

LPI (LP Information)' newest research report, the “Myrcene Industry Forecast” looks at past sales and reviews total world Myrcene sales in 2022, providing a comprehensive analysis by region and market sector of projected Myrcene sales for 2023 through 2029. With Myrcene sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Myrcene industry.

This Insight Report provides a comprehensive analysis of the global Myrcene landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Myrcene portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Myrcene market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Myrcene and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Myrcene.

The global Myrcene market size is projected to grow from US$ 99.1 million in 2022 to US$ 134.5 million in 2029; it is expected to grow at a CAGR of 134.5 from 2023 to 2029.

Global Myrcene key players include DRT, Bordas, Xinghua Natural Spice, Florida Chemical, Sky Dragon Fine-Chem, etc. Global top five manufacturers hold a share about 45%.

Asia-Pacific is the largest market, with a share about 40%, followed by Europe and North America, both have a share about 50 percent. 
In terms of product, Myrcene 75% is the largest segment, with a share about 35%. And in terms of application, the largest application is Flavor and Fragrance, followed by Pharmaceuticals.

This report presents a comprehensive overview, market shares, and growth opportunities of Myrcene market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Myrcene 75%
    Myrcene 80%
    Myrcene 90%
    Others

Segmentation by application
    Flavor and Fragrance
    Pharmaceuticals
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    DRT
    Bordas
    Florida Chemical
    Florachem
    Yasuhara Chemical
    Natural Aroma Products
    Xinghua Natural Spice
    Sky Dragon Fine-Chem
    Jiangxi Huayu
    Hessence Chemicals
    Wansong Forestry

Key Questions Addressed in this Report
What is the 10-year outlook for the global Myrcene market?
What factors are driving Myrcene market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Myrcene market opportunities vary by end market size?
How does Myrcene break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?