Farnesene Market Growth Analysis, Industry Trends & Forecast 2023 | Key Players Amyris, Chromatin Inc, and Intrexon Corporation
Global farnesene market size is forecast to register USD 485.0 million by 2023. In EU, the RED (Renewable Energy Directive) has set 10% target for use of renewable energy in transport. In the U.S., key initiatives, CAAFI (Commercial Aviation Alternative Fuels Initiative) and MASBI (Midwest Aviation Sustainable Biofuels Initiatives) are formed to promote biofuel usage in aviation sector.
Cosmetic & personal care application dominated the demand and accounted for over 35% of the total demand in 2015. Farnesene derived squalene, through biotechnological route, is used as a useful ingredient in anti-ageing and moisturizing cream formulations.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/419
Strong cosmetics growth expected from Europe and Asia Pacific market may promote farnesene demand and boost squalene market size. Cosmetics companies are shifting focus to use ingredients derived from vegetable or biotechnological route instead of animal sources owing to consumer perception, which may promote market growth.
Hydrogenated Esters and Fatty Acids (HEFA) and FT (Fischer-Tropsch) based on biomass are alternative biofuels considered to be used in aviation sector, proves to be a major challenge for market growth. Variation in key feedstock harvest, sugarcane, owing to unfavorable weather conditions may affect farnesene market price trend.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/419
Global farnesene market size may see gains at over 28% CAGR and reach 180.9 kilo tons by 2023.
Europe, led by Germany and UK, dominated the regional industry and accounted for over 42% of the total demand in 2015. Performance material applications in Europe are set to grow at a significant pace at above 45% CAGR and register over USD 65 million by 2023.
APAC, with China and India being dominant contributors, is set to attain highest gains at over 29% up to 2023. Increase in per capita spending capacity coupled with presence of large scale chemical manufacturing facilities may promote regional growth.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/farnesene-market
North America flavors & fragrances application should grow significantly, at above 26% CAGR, and register over USD 30 million in revenue by 2023.
Global farnesene market share is presently dominated by Amyris, the company ias already engaged in commercial production, with capacity additions announced for 2017. Amyris has collaborated with some industrial partners including Total, IFF and kuraray to develop target molecule for relative applications such as biojet fuels, fragrances and polymers.
Intrexon and Chromatin are currently at nascent stage to achieve commercial production. Intrexon achieved production in lab scale tests though methane bioconversion.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Farnesene Market Growth Analysis, Industry Trends & Forecast 2023 | Key Players Amyris, Chromatin Inc, and Intrexon Corporation here
News-ID: 1640851 • Views: 978
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can
More Releases for Farnesene
Global Farnesene Market Analysis by 2020-2025
Scope of the Report: The global Farnesene market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.4%% in the forecast period of 2020 to 2025 and will expected to reach USD 68 million by 2025, from USD 57 million in 2019. Market segmentation Farnesene market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate
Farnesene Market Key Drivers and On-going Trends Analysis 2020 -2026
Los Angeles, United State,February 25th; ,2020 Looking for a better research and analysis report on the Global Farnesene market? QY Research has made an excellent attempt to thoroughly analyze the market based on several critical parameters. The report titled, Global 2020 Farnesene Market in QY Research offers its latest report on the global 2020 Farnesene Market that includes comprehensive analysis on a range of subjects such as competition, segmentation, regional expansion, and
Farnesene Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Farnesene Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-farnesene-market_p187118.html Farnesene is a pale yellow to yellow liquid with
Farnesene Market Trends & Industry Analysis 2023 focusing on Key Players Amyris, …
Farnesene Market growth is propelled by increase in global biofuel production and usage owing to increased usage in automobiles and aviation sector to reduce carbon dioxide emissions during the forecast period. Performance material applications are poised to experience significant growth over 40% CAGR by 2023. Increasing use of ingredients derived through biotechnological route or from vegetable oil rather than animal sources is likely to drive market growth. Factors like use of
Farnesene Market to Witness Robust Expansion by 2018 - QY Research, Inc.
This report studies the global Farnesene market status and forecast, categorizes the global Farnesene market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). Farnesene is a branched chain alkene with fifteen carbon atoms. Farnesene belongs to the family of sesquiterpenes containing three
Farnesene market to exceed USD 480 million by 2023
Global Market Insights Inc. has announced an addition of a new research based report on farnesene market. The market is estimated to upsurge at a growing CAGR of 27% by 2023 according to the report. The professional and high quality report features in-depth market analysis on the global Farnesene industry. It initially provides an outlook of industry with the basic information such as definitions, application, classification, and technology etc. Moreover, it