Myrcene Market
By Concentration;
≥90% Myrcene, ≤80% Myrcene and 80-90% MyrceneBy Application;
Fragrance Intermediate and Flavor IntermediateBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Myrcene Market Overview
Myrcene Market (USD Million)
Myrcene Market was valued at USD 104.58 million in the year 2024. The size of this market is expected to increase to USD 141.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.
Myrcene Market
*Market size in USD million
CAGR 4.4 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 4.4 % | 
| Market Size (2024) | USD 104.58 Million | 
| Market Size (2031) | USD 141.37 Million | 
| Market Concentration | High | 
| Report Pages | 374 | 
Major Players
- DRT (Derives Résiniques et Terpéniques)
 - SPECTRUM LABORATORY PRODUCTS INC.
 - YASUHARA CHEMICAL CO., LTD.
 - Ernesto Ventós, S.A.
 - Sky Dragon Fine-Chem Co., Ltd.
 - Deqing Wansong Forestry Perfume Manufacturing Co., Ltd.
 - Jiangxi Hessence Chemicals Co., Ltd.
 - EcoGreen International Group Limited
 - Zhejiang Xinhua Chemical Co., Ltd.
 - Toronto Research Chemicals
 
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Myrcene Market
Fragmented - Highly competitive market without dominant players
The Myrcene Market is experiencing significant growth due to its extensive use in various industries. Myrcene, a naturally occurring terpene, is a critical component in the production of fragrances, flavors, and essential oils, making it a valuable ingredient in the personal care and food sectors. Currently, over 30% of myrcene demand comes from the fragrance and flavor industry, highlighting its importance in creating unique aromatic profiles for consumer products.
Rising Demand in the Pharmaceutical Sector
The pharmaceutical industry is increasingly adopting myrcene for its therapeutic benefits, including anti-inflammatory, analgesic, and sedative properties. With the rising preference for plant-based and natural remedies, approximately 25% of myrcene production is now directed toward pharmaceutical applications. This shift reflects a broader consumer trend favoring herbal and natural treatments over synthetic alternatives.
Growth in the Cosmetic and Personal Care Market
In the cosmetic and personal care sector, myrcene is valued for its pleasant aroma and skin-friendly properties. It serves as a vital ingredient in perfumes, lotions, and other personal care products. This segment currently represents about 20% of the total myrcene consumption, driven by the growing demand for natural ingredients in skincare and beauty formulations.
Future Growth and Market Dynamics
With its versatile applications and increasing adoption across multiple sectors, the Myrcene Market is expected to witness steady growth in the coming years. Technological advancements in extraction processes and the shift towards sustainable, plant-based ingredients are anticipated to drive this expansion. Industry players are focusing on scaling up production and enhancing product quality to meet the evolving market demands.
Myrcene Market Key Takeaways
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Rising demand for natural ingredients is fueling market growth as industries shift toward plant-derived myrcene for fragrances, flavors, and cosmetics.
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Fragrance and flavor applications account for the majority of consumption, with myrcene serving as a key intermediate in the production of aroma compounds.
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Expanding use in pharmaceuticals and nutraceuticals is driven by growing awareness of myrcene’s anti-inflammatory and antioxidant properties.
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Supply chain volatility and the instability of natural myrcene continue to pose challenges for producers and distributors.
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Competition from synthetic substitutes pressures manufacturers to emphasize quality, purity, and sustainable sourcing for differentiation.
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Asia-Pacific leads global production and demand, supported by strong industrial infrastructure and access to botanical raw materials.
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Technological advancements in extraction methods, such as supercritical CO₂ processes, are improving yield efficiency and product purity.
 
Myrcene Market Recent Developments
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In May 2025, a fragrance and flavor manufacturer launched a new range of myrcene-based aroma compounds derived from renewable plant sources, catering to personal care and food industries seeking natural scent profiles.
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In November 2024, a chemical producer announced an investment to expand its myrcene production capacity for use in bio-based resins, adhesives, and green solvents within the specialty chemicals market.
 
Myrcene Market Segment Analysis
In this report, the Myrcene Market has been segmented by Concentration, Application and Geography.
Myrcene Market , Segmentation by Concentration
The Concentration axis captures how purity bands position products for specific value-added transformations and cost-performance trade-offs. Buyers assess solvent residues, stability, and consistency for scalable use in aroma chemical syntheses and compounded flavors. Suppliers focus on quality management, batch-to-batch reproducibility, and documentation to meet brand-owner expectations and speed regulatory approvals in key markets.
≥90% Myrcene≥90% myrcene targets premium formulations and intermediates where high purity supports predictable reactivity and cleaner downstream profiles. Producers invest in advanced distillation, impurity control, and traceability systems to secure approvals with multinational buyers. This tier often commands price premiums, with differentiation tied to consistent specification adherence and technical service for complex syntheses.
≤80% Myrcene≤80% myrcene serves cost-sensitive applications and blends where absolute purity is less critical than aroma contribution or solvency. Demand concentrates in regional markets and private-label formulations that value affordability and flexible supply agreements. Vendors emphasize dependable logistics, competitive pricing, and clear labeling to ensure fitness-for-use across diverse compounding environments.
80-90% Myrcene80–90% myrcene provides a balanced option for formulators seeking workable purity at optimized cost. It supports mainstream fragrance and flavor intermediates while maintaining acceptable processing performance. Suppliers differentiate through application support, stability data, and tailored packaging formats that protect integrity across distribution and storage conditions.
Myrcene Market , Segmentation by Application
The Application lens reflects how myrcene functions primarily as a building block and blending component for aromatic compounds. Purchasing criteria include purity, organoleptic profile, and compatibility with existing formulation systems under global safety frameworks. Strategic partnerships with aroma houses and flavor companies enable co-development, consistent quality feedback, and faster commercialization cycles.
Fragrance IntermediateFragrance intermediate usage centers on synthesizing terpene-derived molecules and enhancing top notes in fine fragrance and personal care. Brands seek reliable supply, consistent sensory characteristics, and documentation aligned with IFRA and cosmetic regulations. Producers offering technical dossiers, stability support, and rapid sample turnaround gain preferred-vendor status with leading perfumers.
Flavor IntermediateFlavor intermediate applications rely on controlled purity and sensory neutrality to build citrus, herbal, and tropical profiles in beverages and foods. Adoption hinges on compliance with food-grade standards, trace contaminants thresholds, and robust change-control practices. Suppliers that provide granular specifications, allergen statements, and formulation guidance improve trust and repeat ordering from flavor houses.
Myrcene Market , Segmentation by Geography
In this report, the Myrcene Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America benefits from established fragrance and flavor ecosystems, stringent regulatory frameworks, and demand from personal care and beverage brands. Buyers value documented provenance, stable lead times, and supplier compliance programs that simplify audits. Long-term agreements and local inventory are key to de-risking supply for high-spec customers.
Europe
Europe emphasizes sustainability credentials, safety dossiers, and alignment with REACH and industry guidance for aromatic chemicals. Premium segments in fine fragrance and cosmetics drive interest in higher-purity grades and robust traceability. Partnerships with leading aroma houses, coupled with eco-efficient processing, support durable share in regulated markets.
Asia Pacific
Asia Pacific anchors growth through expansive consumer goods manufacturing, competitive processing capacity, and regional sourcing networks. Demand spans mainstream personal care and food categories, with buyers seeking cost-quality balance and consistent specifications. Localized technical support and flexible packaging formats enhance adoption across fast-moving product lines.
Middle East and Africa
Middle East and Africa show emerging demand aligned to developing personal care and beverage industries. Import-dependent buyers prioritize reliability, clear certification, and supplier training to meet evolving quality systems. Building distributor partnerships and providing tailored documentation can accelerate market entry and sustained usage.
Latin America
Latin America leverages strong fragrance and beverage traditions, favoring suppliers that offer responsive logistics and value-focused purity bands. Regional producers and brand owners seek regulatory-ready materials and stability data suited to diverse climates. Collaborative forecasting and inventory strategies improve availability and reduce stockout risk in dynamic markets.
Myrcene Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Myrcene Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential | 
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development | 
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance | 
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances | 
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing demand in flavor and fragrance industries
 - Rising use in pharmaceuticals and wellness products
 - Growing popularity of natural and organic ingredients
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Expansion of the cannabis industry utilizing myrcene - Rapid expansion of the cannabis industry is a major driver fueling the growth of the myrcene market. Myrcene, a key terpene found in cannabis, is highly valued for its aromatic profile and potential therapeutic effects such as sedation, anti-inflammation, and muscle relaxation. As legalization spreads across North America, Europe, and parts of Latin America, cannabis producers are increasingly leveraging myrcene for strain differentiation, product enhancement, and targeted wellness applications in oils, edibles, and topicals.
Consumer demand for terpene-rich cannabis products is rising, driven by preferences for full-spectrum formulations and personalized health solutions. Myrcene’s role in modulating the effects of cannabinoids like THC and CBD makes it a desirable compound in both recreational and medicinal cannabis segments. This growing focus on terpene content is not only elevating the profile of myrcene but also creating strong demand for its extraction, purification, and formulation across a rapidly expanding global market.
 
Restraints
- High extraction and production costs
 - Regulatory challenges and safety concerns
 - Fluctuations in raw material availability
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Competition from synthetic alternatives - Growing competition from synthetic alternatives presents a notable restraint in the myrcene market. Synthetic myrcene, produced through petrochemical processes, offers a cost-effective and scalable option for use in fragrances, flavors, and industrial applications. These alternatives often appeal to manufacturers looking to maintain consistent quality and reduce raw material costs, particularly in sectors where natural sourcing poses supply chain variability or price volatility.
The availability of synthetic substitutes reduces the competitive edge of naturally derived myrcene, especially in high-volume applications where margins are tight. Additionally, some synthetic variants can be engineered for improved stability and shelf life, making them more attractive for specific formulations. This shift in preference may limit the growth potential of bio-based myrcene unless producers can clearly differentiate their offerings through purity, traceability, and alignment with clean-label or organic product trends.
 
Opportunities
- Widening scope of application areas
 - Increasing research and development
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Growing consumer awareness - Increasing consumer awareness of natural ingredients and wellness-oriented products is creating valuable growth opportunities in the myrcene market. As consumers become more educated about plant-based compounds and their benefits, there is a rising demand for terpenes like myrcene in applications ranging from aromatherapy and functional beverages to personal care and nutraceuticals. Myrcene’s recognized properties such as anti-inflammatory, analgesic, and sedative effects are helping it gain traction among health-conscious consumers seeking natural alternatives to synthetic ingredients.
This awareness is further supported by the growing trend toward clean-label and transparent product formulations. Consumers are actively seeking goods that emphasize botanical extracts and verifiable health benefits, making naturally sourced myrcene a valuable ingredient for brands aiming to build trust and meet evolving consumer preferences. Marketing strategies that highlight the origin, purity, and therapeutic value of myrcene are proving effective in positioning it as a premium component in a wide range of lifestyle and wellness products.
With consumers prioritizing natural, sustainable, and functional ingredients, the expanding knowledge base around myrcene’s benefits will continue to fuel demand. Producers that invest in consumer education, transparent sourcing, and differentiated marketing can capitalize on this opportunity to drive market expansion and brand loyalty in the wellness and bioactive ingredient space. 
Myrcene Market Competitive Landscape Analysis
Myrcene Market is witnessing a competitive landscape where companies focus on strategies to increase market share. Strategic collaboration and partnerships contribute to over 35% of growth, reflecting emphasis on innovation, technological advancements, and operational efficiency to strengthen product offerings and support the market’s future outlook across flavors, fragrances, and pharmaceutical segments.
Market Structure and Concentration
The market structure is moderately concentrated, with leading players controlling around 40% of the segment. Firms leverage mergers and acquisitions to expand production capacity and distribution networks. Strategies focusing on purity, extraction efficiency, and regulatory compliance drive growth, while ongoing technological advancements enhance competitive positioning and operational performance.
Brand and Channel Strategies
Companies emphasize brand visibility and multi-channel strategies to increase adoption. Over 30% of revenues stem from partnerships with distributors, flavor and fragrance manufacturers, and digital platforms. Strategic collaboration and marketing innovation reinforce product differentiation, driving growth and expanding myrcene presence across key applications.
Innovation Drivers and Technological Advancements
Investment in innovation and technological advancements drives nearly 40% of development initiatives. Companies focus on high-purity extraction, sustainable sourcing, and novel formulations through research collaboration and laboratory partnerships. These efforts stimulate growth and reinforce the market’s future outlook in advanced myrcene solutions.
Regional Momentum and Expansion
Regional expansion is accelerating, with leading players achieving over 25% growth in strategic markets. Collaboration with local distributors and manufacturers enhances accessibility. Targeted strategies and adoption of technological advancements support scalable growth and increase myrcene penetration in emerging flavor, fragrance, and pharmaceutical regions.
Future Outlook
The market’s future outlook emphasizes sustained growth through partnerships, mergers, and continuous innovation. Companies plan investments in technological advancements to meet evolving application needs, with projections showing over 50% expansion potential. Strategic collaboration and operational excellence will define competitive leadership moving forward.
Key players in Myrcene Market include:
- DRT
 - Bordas
 - Florida Chemical
 - Yasuhara Chemical
 - Natural Aroma Products
 - Xinghua Natural Spice
 - Sky Dragon Fine-Chem
 - Jiangxi Huayu
 - Hessence Chemicals
 - Wansong Forestry
 - Givaudan SA
 - International Flavors & Fragrances Inc.
 - Symrise AG
 - Firmenich International SA
 
In this report, the profile of each market player provides following information:
- Market Share Analysis
 - Company Overview and Product Portfolio
 - Key Developments
 - Financial Overview
 - Strategies
 - Company SWOT Analysis
 
- Introduction 
- Research Objectives and Assumptions
 - Research Methodology
 - Abbreviations
 
 - Market Definition & Study Scope
 - Executive Summary 
- Market Snapshot, By Concentration
 - Market Snapshot, By Application
 - Market Snapshot, By Region
 
 - Myrcene Market Dynamics 
- Drivers, Restraints and Opportunities 
- Drivers 
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Increasing demand in flavor and fragrance industries
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Rising use in pharmaceuticals and wellness products
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Growing popularity of natural and organic ingredients
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Expansion of the cannabis industry utilizing myrcene
 
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 - Restraints 
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High extraction and production costs
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Regulatory challenges and safety concerns
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Fluctuations in raw material availability
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Competition from synthetic alternatives
 
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 - Opportunities 
- Widening scope of application areas
 - Increasing research and development
 - Growing consumer awareness
 
 
 - Drivers 
 - PEST Analysis 
- Political Analysis
 - Economic Analysis
 - Social Analysis
 - Technological Analysis
 
 - Porter's Analysis 
- Bargaining Power of Suppliers
 - Bargaining Power of Buyers
 - Threat of Substitutes
 - Threat of New Entrants
 - Competitive Rivalry
 
 
 - Drivers, Restraints and Opportunities 
 - Market Segmentation 
- Myrcene Market, By Concentration, 2021 - 2031 (USD Million) 
- ≥90% Myrcene
 - ≤80% Myrcene
 - 80-90% Myrcene
 
 - Myrcene Market, By Application, 2021 - 2031 (USD Million) 
- Fragrance Intermediate
 - Flavor Intermediate
 
 - Myrcene Market, By Geography, 2021 - 2031 (USD Million) 
-  North America 
- United States
 - Canada
 
 - Europe 
- Germany
 - United Kingdom
 - France
 - Italy
 - Spain
 - Nordic
 - Benelux
 - Rest of Europe
 
 - Asia Pacific 
- Japan
 - China
 - India
 - Australia & New Zealand
 - South Korea
 - ASEAN (Association of South East Asian Countries)
 - Rest of Asia Pacific
 
 - Middle East & Africa 
- GCC
 - Israel
 - South Africa
 - Rest of Middle East & Africa
 
 - Latin America 
- Brazil
 - Mexico
 - Argentina
 - Rest of Latin America
 
 
 -  North America 
 
 - Myrcene Market, By Concentration, 2021 - 2031 (USD Million) 
 - Competitive Landscape 
- Company Profiles 
- DRT
 - Bordas
 - Florida Chemical
 - Yasuhara Chemical
 - Natural Aroma Products
 - Xinghua Natural Spice
 - Sky Dragon Fine-Chem
 - Jiangxi Huayu
 - Hessence Chemicals
 - Wansong Forestry
 - Givaudan SA
 - International Flavors & Fragrances Inc.
 - Symrise AG
 - Firmenich International SA
 
 
 - Company Profiles 
 - Analyst Views
 - Future Outlook of the Market
 

