This Farnesol market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Farnesol market.
Farnesol Market: Overview
Farnesol is an alcohol based ingredients used specially as deodorizing agent and skincare products for anti-ageing function. It is basically found in a flower extract and mainly being used as the ingredient for perfumery in perfumes, skincare and body care products. Farnesol is a colorless liquid with the property of soluble in oils and insoluble in water. Farnesol is used in essential oils such as lemon grass, tuberose, rose, musk, balsam, neroli, cyclamen, citronella and tolu. Farnesol is used in perfumery to enhance the odors of sweet floral perfumes. It is especially used in lilac perfumes. There is a huge demand of Ingredients used in skin care products such as farnesol which is used for enhancing the smell of the products. Farnesol is a multifunctional product and used as a flavor enhancer for food, pesticide for hygienic products, an additive to cigarettes and as a deodorizing agent.
Any of the ingredients used for any kind of skincare or cosmetic products has to undergo a safety evaluation based on specified procedures and methods. As per the guidelines, Association Expert Panel of The Flavor and Extract Manufacturers Association reviewed the safety of farnesol in the end products and determined that it is generally recognized as safe for use as a flavoring substance. In regions like Europe, Farnesol is considered in the list of "allergenic" substances and due to which few manufacturers try to avoid using farnesol in their key ingredient for skincare as consumers are very much concerned about their face and skin.
Farnesol Market: Market Dynamics
Farnesol is multifunctional ingredient used in many end products which are high in demand like skin care products, bactericides products, deodorants and cigarettes and that is one of the driving factor for the growth of the product in some of the regions across the globe. Farnesol is one of the ingredient which is used in many industries and due to which demand for this product is increasing.
Flavors and Fragrance market is growing owing to the growth of food industry and fragrances industry. Demand for perfumes, deodorants and colognes are increasing due to consumer’s movement towards the personal grooming and increasing awareness about the hygiene product in the market. Increasing demand by youth for fragrances is driving factor for the demand of ingredients like farnesol. Usage of the farnesol in pesticides is also one of the driving factor for the growth of this product owing to increasing awareness programs related to pest control services around the globe.
Farnesol growth has a restraint in few regions as there are FDA guidelines which speaks about the specific percentage of the farnesol used in the products due to its allergenic property and all the manufacturers who uses this as an ingredient in their product need to mention the percentage of the farnesol used. Due to these reasons manufacturers try to use the substitute ingredient in their final product and which is retraining the growth of farnesol in skincare, fragrances and other product in the market.
Farnesol Market: Regional Outlook
The farnesol market is expected to register a healthy growth in North America and Latin America during the forecast period. Demand for fragrances ingredients is growing across the globe and which is likely to push the market for ingredients like farnesol. The emerging economies are expected to create significant demand for farnesol as there is lucrative growth in the cosmetic product in the industry due to high demand from youth of the countries. The Asia Pacific region collectively represents a considerably high market growth for farnesol, and the farnesol market is expected to grow at a significantly high growth rate due to the increasing population and adoption of grooming products among consumers. North America is a growing market due to high per capita income and the consumers’ high expenditure on the beauty and personal care products which are likely to boost ingredients market like the farnesol market.
Additionally, Middle East & Africa is projected to showcase high growth in the global farnesol market owing to the high usage of fragrances products and Halal cosmetics are more popular among consumers.
Farnesol Market: Key Players
Some of the major players in the Farnesol market are Merck KGaA, Noéma, Bontoux, Health Chemicals Co.,LTd., Ottokemi, Symrise AG, Carbone Scientific Co., Ltd., Vigon International, Inc., Santa Cruz Biotechnology, Inc., CSNpharm, Inc. and Synerzine Inc., among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
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Farnesol Market: Market Segmentation
The Farnesol market is segmented into different parts based on the application, form, nature, extraction method and geography.
Based on application, the farnesol market is segmented into:
- Skin care
- Flavors and Fragrances
Based on nature, the farnesol market is segmented into:
Based on extraction method, the farnesol market is segmented into:
- Cold Pressed Method
- Hot Pressed Method
Based on form, the farnesol market is segmented into:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Farnesol Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Farnesol Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
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How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.