Global Farnesene Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Beta Farnesene and Alpha Farnesene

By Application ;

Cosmetics, Flavor and Fragrances, Performance Materials, and Lubricants.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn239672415 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Farnesene Market (USD Million), 2021 - 2031

In the year 2024, the Global Farnesene Market was valued at USD 54.09 million. The size of this market is expected to increase to USD 75.60 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The Global Farnesene Market is an emerging segment within the bio-based chemicals industry, characterized by its wide range of applications and sustainability benefits. Farnesene is a bio-based hydrocarbon, derived from renewable resources such as sugarcane, and is known for its versatility and eco-friendly properties. It serves as a key building block in the production of various chemicals, fuels, and materials, making it a valuable component in industries ranging from cosmetics and personal care to automotive and industrial applications.

One of the primary drivers of the farnesene market is the growing demand for sustainable and bio-based alternatives to petroleum-derived products. As environmental concerns and regulatory pressures increase, industries are seeking greener solutions that can reduce their carbon footprint and enhance sustainability. Farnesene, with its bio-based origin and reduced environmental impact, fits well into this paradigm. Its applications in producing bio-based polymers, resins, lubricants, and adhesives highlight its potential to replace conventional materials with more sustainable options.

Technological advancements and increased research and development efforts have significantly improved the production processes and applications of farnesene. Companies are focusing on optimizing the fermentation and extraction processes to increase yield and reduce costs. Additionally, collaborations and partnerships among industry players, research institutions, and academic organizations are driving innovation and expanding the application scope of farnesene. As industries continue to prioritize sustainability and seek high-performance bio-based solutions, the Global Farnesene Market is poised for robust growth, driven by innovation, expanding applications, and increasing demand for eco-friendly products.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Farnesene Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising biofuel demand
        2. Growing cosmetic applications
        3. Increased pharmaceutical use
        4. Eco-friendly product development
        5. Expanding industrial applications
      2. Restraints
        1. High production costs
        2. Technological challenges
        3. Raw material availability
        4. Regulatory hurdles
        5. Market competition increase
      3. Opportunities
        1. Advancements in biotechnology
        2. Sustainable product innovation
        3. Emerging market growth
        4. Diversification of applications
        5. Increased R&D investments
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Farnesene Market, By Type , 2021 - 2031 (USD Million)
      1. Beta Farnesene
      2. Alpha Farnesene.
    2. Global Farnesene Market, By Application , 2021 - 2031 (USD Million)
      1. Cosmetics
      2. Flavor and fragrances
      3. Performance materials
      4. Lubricants.
    3. Global Farnesene Market, By Geography,2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Amyris Inc
      2. TotalEnergies
      3. Firmenich
      4. DSM
      5. Kuraray Co., Ltd.
      6. Tate & Lyle
      7. Intrexon Corporation
      8. Chevron Phillips Chemical Company
      9. Cosmo Oil Company
      10. Novvi LLC
  7. Analyst Views
  8. Future Outlook of the Market