Carvone market size is estimated to be worth US$ 53 million in 2022 and is forecast to a readjusted size of US$ 70 million by 2029 with a CAGR of 4.1% during the forecast period 2023-2029.

Due to the COVID-19 pandemic, the global Carvone market size is estimated to be worth US$ 53 million in 2022 and is forecast to a readjusted size of US$ 70 million by 2029 with a CAGR of 4.1% during the forecast period 2023-2029.

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Major Trends in Carvone Market
Carvone is a fragrance ingredient found in personal care products, air fresheners, and aromatherapy oils. It is used to flavor chewing gum and mint sweets. This factor is expected to drive the growth of the Carvone market.

Carvone Market Trends
In the Netherlands, carvone is marketed under the name Talent to prevent the premature sprouting of potatoes during storage. The U.S. Environmental Protection Agency has given Carvone the go-ahead to be used as a mosquito repellent. This factor is expected to drive the growth of the Carvone market

Carvone is a desirable starting material for the asymmetric total synthesis of natural products due to its low cost and accessibility in both enantiomerically pure forms. For instance, the terpenoid quassin was first synthesized using carvone This factor is expected to drive the growth of the Carvone market

Carvone Market Share Analysis
The production of carvone in the world has been split 78% between China and India and 16% between the United States. The market for carvone has a small number of producers competing in it, making it a highly concentrated business.

Eighty-one percent of the market was supplied by the top three producers, Paramount Aromachem, Wanxiang International, and Renessenz.

China, India, the US, and the EU have the highest concentrations of carvone demand. China used 32% more carvone than any other region, by far.

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