Farnesol Market Key Players, End User, Demand and Consumption by 2032

Between 2022 and 2032, the farnesol market is anticipated to expand its dominance of the global market at an average CAGR of 8%. The market is estimated to be worth US$ 6 billion in 2022 and US$ 8.82 billion by 2032.

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: Key Players

Some of the major players in the Farnesol market are Merck KGaA, Noema, 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
• Technology
• Value Chain

Regional analysis includes

• Malaysia
• Thailand
• Vietnam
• Philippines
• Indonesia

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.

Access Full Report: https://www.futuremarketinsights.com/reports/farnesol-market