This report studies the Terpenes market, Terpenes are a large and diverse class of organic compounds, produced by a variety of plants, particularly conifers, and by some insects such as termites or swallowtail butterflies, which emit terpenes from their osmeteria. They often have a strong odor and may protect the plants that produce them by deterring herbivores and by attracting predators and parasites of herbivores. The difference between terpenes and terpenoids is that terpenes are hydrocarbons, whereas terpenoids contain additional functional groups.
According to our (Global Info Research) latest study, the global Terpenes market size was valued at USD 666.8 million in 2022 and is forecast to a readjusted size of USD 1010.9 million by 2029 with a CAGR of 6.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Terpenes key players include YASUHARA CHEMICAL, Jishui Xinghua, Kraton, Himachal Terepene Products, Natural Fractions, etc. Global top five manufacturers hold a share about 15%. North America is the largest market, with a share about 30%, followed by China and Europe, both with a share about 25 percent. In terms of product, Pinene is the largest segment, with a share about 45%. And in terms of application, the largest application is Cosmetic, followed by Pharmaceutical, Food, etc.
This report is a detailed and comprehensive analysis for global Terpenes market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
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Major players covered
Arora Aromatics
Mentha & Allied Products
AOS Products
Kraton
Natural Fractions
Interstate Commodities
Himachal Terepene Products
YASUHARA CHEMICAL
Jiangxi Jishui Xinghua Natural Spice
Market segment by Type
Pinene
Limonene
Others
Market segment by Application
Cosmetic
Pharmaceutical
Food
Others
This report profiles key players in the global Terpenes market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Arora Aromatics, Mentha & Allied Products, AOS Products, Kraton and Natural Fractions, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Terpenes market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
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