Myrcene is a terpene found in essential oils sourced from a multitude of plants. It is also noted for its presence in various strains of cannabis sativa. It is commonly cited for its positive influence on the perfume-making industry as it can create a unique quality to specially crafted fragrances.
Myrcene has different purity, from 75% to 90% content. With aroma and medical effect of myrcene, the downstream application industries will need more myrcene products. So, myrcene has a huge market potential in the future.Currently, there are many myrcene producing companies in the world. The main players are DRT, Bordas, Florida Chemical, Florachem, Yasuhara Chemical, Natural Aroma Products, Xinghua Natural Spice and Sky Dragon Fine-Chem. The global production of myrcene will increases to 23182 MT in 2019 from 20208 MT in 2014.
In consumption market, Asia-Pacific and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2018, these two regions occupied 76.43% of the global consumption volume in total.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economy development status and international competition. Also, there is fluctuation in gross margin.
Global Myrcene market size will increase to 116.4 Million US$ by 2025, from 87 Million US$ in 2018, at a CAGR of 4.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Myrcene.
This report researches the worldwide Myrcene market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Myrcene breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Natural Aroma Products
Xinghua Natural Spice
Sky Dragon Fine-Chem
Myrcene Breakdown Data by Type
Myrcene Breakdown Data by Application
Flavor and Fragrance
Myrcene Production Breakdown Data by Region
Myrcene Consumption Breakdown Data by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Myrcene capacity, production, value, consumption, status and forecast;
To focus on the key Myrcene manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Myrcene :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.