Myrcene Market - Forecast(2024 - 2030)

Report Code: CMR 1569 Report Format: PDF + Excel

Myrcene Market Overview:

Myrcene Market is expected to grow at a CAGR of 5.0%, the market value projected to increase is from US $140 million by 2030.

Myrcene compounds are stable and easily soluble in water, as well as extensively used in beverage industry. Because myrcene is volatile in air, it is transformed into myrcenol for usage in the fragrance business. Myrcene is frequently utilised to impart a peppery fragrance to alcoholic beverages. Myrcene has also been linked to health advantages such as pain relief. Terpenes containing myrcene may permeate the blood brain barrier, enhancing analgesic reactions. Owing to these benefits the use of myrcene is increasing driving the global myrcene market. Myrcene usage is expected to increase somewhat during the projection period due to its use as an intermediate in the sector further driving the global myrcene market.

Myrcene is a common monoterpene that is found in a variety of plant species, particularly hops and cannabis. It is a common flavouring and fragrance agent, as well as a food additive that is used in the production of food and drinks.
Myrcene is a well-known food additive that is used as a flavor enhancers component in the production of foods and drinks. It is also found in consumer items including cosmetics, and detergents. Myrcene is utilised as a starting ingredient for economically significant smells and flavours such as menthol, in addition to being employed in a range of consumable items.
 

Market Snapshot:

Myrcene Market - Report Coverage:
The “Myrcene Market - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Black garlic market.

Attribute

         Segment

By Type


  • Myrcene 90%

  • myrcene 80%

  • myrcene 75%

  • others



By Application  


  • pharmaceuticals 

  • food & beverages

  • flavour & fragrance

  • others





By Geography 

  • North America (U.S., Canada)

  • Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), 

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), 

  • South America (Brazil, Argentina, Chile, Colombia, and Rest of South America)

  • Rest of the World (Middle East and Africa).


Myrcene Market - Top Trends:

Growing Demand for Natural Ingredients: There has been a significant shift towards natural and organic products across various industries, including food and beverages, cosmetics, and pharmaceuticals. Myrcene, as a naturally occurring compound found in plants like hops, basil, and cannabis, has gained popularity as a natural ingredient.

Expansion in the Cannabis Industry: Myrcene is one of the prominent terpenes found in cannabis, and with the increasing legalization of cannabis in various regions, there has been a growing demand for myrcene as an aromatic and flavoring agent in cannabis-based products.

Use in Flavor and Fragrance Industry: Myrcene is used in the flavor and fragrance industry for its pleasant aroma. It's found in essential oils and is used to enhance the scent and flavor of various products, such as perfumes, soaps, and food items.

Research on Medicinal Properties: Some studies suggest that myrcene may have potential medicinal properties, including anti-inflammatory, analgesic, and sedative effects. This has led to increased interest in myrcene's applications in the pharmaceutical industry.

 Myrcene Market - Company Analysis

Amyris, Inc.: Amyris is a biotechnology company known for its work in synthetic biology and the production of a variety of bio-based chemicals. They have shown interest in myrcene due to its potential use in the fragrance and flavor industry.

Florachem Corporation: Florachem is a company specializing in the extraction and production of high-purity, naturally derived terpenes, including myrcene. They supply their products to various industries, including flavors and fragrances, food and beverages, and pharmaceuticals.

Soda Aromatic Co., Ltd.: Soda Aromatic is a company with a presence in the flavor and fragrance industry. They produce and supply a range of aromatic compounds, including myrcene, for use in perfumes, cosmetics, and other products.

Evolva: Evolva is a Swiss biotech company known for its work in sustainable, fermentation-based production of specialty ingredients. They have worked on producing myrcene as a bio-based alternative for various applications.

Symrise AG: Symrise is a global flavor and fragrance company. They have a range of products that include myrcene for use in perfumes, personal care products, and food and beverages.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Myrcene Market Report. The top 10 companies in this industry are listed below:
1. Amyris, Inc.
2. Florachem Corporation
3. Symrise AG
4.  Evolva
5.  Soda Aromatic Co., Ltd.
6.  Indfrag Limited
7.  Cannabinoid Biosciences, Inc.
8.  Haldin Natural (Hubei) Fragrance Co., Ltd.
9.   Aphios Corporation
10. Green Essentials


Scope of Report:

Report Metric 

Details 

Base Year Considered

2022

Forecast Period

2023 – 2030

CAGR

5.0%

Market Size in 2030

$140 million

Segments Covered

By Type,  By Application, BY Region

Geographies Covered

North America (U.S., Canada), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  • Amyris, Inc.

  • Florachem Corporation

  • Symrise AG

  • Evolva

  • Soda Aromatic Co., Ltd.

  • Indfrag Limited

  • Cannabinoid Biosciences, Inc.

  • Haldin Natural (Hubei) Fragrance Co., Ltd.

  • Aphios Corporation

  • Green Essentials

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1. Myrcene Market - Overview

    1.1. Definitions and Scope

2. Myrcene Market - Executive Summary

3. Myrcene Market - Comparative Analysis

    3.1. Company Benchmarking - Key Companies

    3.2. Global Financial Analysis - Key Companies

    3.3. Market Size Analysis - Key Companies

    3.4. Patent Analysis

    3.5. Pricing Analysis

4. Myrcene Market - Start-up Companies Scenario

    4.1. Key Start-up Company Analysis by

        4.1.1. Investment

        4.1.2. Revenue

        4.1.3. Venture Capital and Funding Scenario

5. Myrcene Market – Market Entry Scenario

    5.1. Regulatory Framework Overview

    5.2. New Business and Ease of Doing Business Index

    5.3. Case Studies of Successful Ventures

6. Myrcene Market - Forces

    6.1. Market Drivers

    6.2. Market Constraints

    6.3. Market Challenges

    6.4. Porter's Five Force Model

        6.4.1. Bargaining Power of Suppliers

        6.4.2. Bargaining Powers of Customers

        6.4.3. Threat of New Entrants

        6.4.4. Rivalry Among Existing Players

        6.4.5. Threat of Substitutes

7. Myrcene Market – Strategic Analysis

    7.1. Value Chain Analysis

    7.2. Opportunities Analysis

    7.3. Market Life Cycle

8. Myrcene Market – By Type (Market Size – $Million/$Billion)

    8.1. myrcene 90%

        8.1.1. Market Trends by Region

        8.1.2. Market Size & Forecast by Region

    8.2. myrcene 80%

        8.2.1. Market Trends by Region

        8.2.2. Market Size & Forecast by Region

    8.3. myrcene 75%

        8.3.1. Market Trends by Region

        8.3.2. Market Size & Forecast by Region

    8.4. others

        8.4.1. Market Trends by Region

        8.4.2. Market Size & Forecast by Region

9. Myrcene Market – By Application (Market Size – $Million/$Billion)

    9.1. pharmaceuticals

        9.1.1. Market Trends by Region

        9.1.2. Market Size & Forecast by Region

    9.2. food & beverages

        9.2.1. Market Trends by Region

        9.2.2. Market Size & Forecast by Region

    9.3. flavour & fragrance

        9.3.1. Market Trends by Region

        9.3.2. Market Size & Forecast by Region

    9.4. others

        9.4.1. Market Trends by Region

        9.4.2. Market Size & Forecast by Region

10. Myrcene Market – By Geography (Market Size – $Million/$Billion)

    10.1. North America

        10.1.1. The U.S.

        10.1.2. Canada

    10.2. Europe

        10.2.1. UK

        10.2.2. Germany

        10.2.3. France

        10.2.4. Italy

        10.2.5. Spain

        10.2.6. Russia

        10.2.7. Rest of Europe

    10.3. Asia-Pacific

        10.3.1. China

        10.3.2. India

        10.3.3. Japan

        10.3.4. South Korea

        10.3.5. Australia & New Zealand

        10.3.6. Rest of Asia-Pacific

    10.4. South America

        10.4.1. Brazil

        10.4.2. Argentina

        10.4.3. Chile

        10.4.4. Colombia

        10.4.5. Rest of South America

    10.5. Rest of the World

        10.5.1. Middle East

        10.5.2. Africa

11. Myrcene Market – Entropy

    11.1. New product launches

    11.2. M&A’s, collaborations, JVs and partnerships

12. Myrcene Market – Industry/Segment Competition Landscape

    12.1. Market Size Analysis

        12.1.1. Market Size by Product Type – Key Companies

        12.1.2. Market Size by Region – Key Companies

        12.1.3. Market Size by Country – Key Companies

    12.2. Competition Matrix

    12.3. Best Practices for Companies

13. Myrcene Market – Key Company List by Country

14. Myrcene Market - Company Analysis

  1. Amyris, Inc.
  2. Florachem Corporation
  3. Symrise AG
  4. Evolva
  5. Soda Aromatic Co., Ltd.
  6. Indfrag Limited
  7. Cannabinoid Biosciences, Inc.
  8. Haldin Natural (Hubei) Fragrance Co., Ltd.
  9. Aphios Corporation
  10. Green Essentials
  11. BASF SE
  12. Frutarom Industries Ltd. (now part of IFF)
  13. Emery Oleochemicals
  14. Kao Corporation
  15. Natural Advantage LLC
  16. Firmenich SA
  17. Givaudan SA
  18. Takasago International Corporation
  19. Robertet Group
  20. International Flavors & Fragrances Inc.

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Myrcene Market is forecast to grow at 5.0% CAGR during the forecast period 2023-2030.

Myrcene Market size is estimated to be US $140 million in 2030.

The Top Companies in the Myrcene Market are Hello Products, Curaprox, Carbon&Clay, SCHMIDT’S, Carbon Coco, CALI WHITE, FineVine, Moon Oral Care, Dental Expert, ECCO PURE.