Home > Chemicals & Materials > Specialty Chemicals > Custom Synthesis > Farnesene Market

Farnesene Market Share

Report ID: GMI419
Published Date: Sep 2021
Report Format: PDF

Download Free Sample

Farnesene Market Share

The key players operating in the global farnesene market include

Amyris Inc.
Precigen Inc.
Tate and Lyle Plc
Santa Cruz Biotechnology Inc.
ADL Biopharma
Toronto Research Chemicals Inc.
Triveni chemicals
Antai Fine Chemical
Glentham Life Sciences
U.S. Biological Life Sciences
American Enzyme Company
ALFA

Players in the global market are engaged in different strategies including mergers & acquisitions to bolster their market positions and distribution channels. Moreover, several key market players are working on new product developments & launches to expand their product portfolios in the industry.

In December 2020, Amyris, a synthetic biotechnology company based in the U.S., and DSM Nutritional Products company closed a strategic transaction of USD 50 million for farnesene supply. The agreement between the companies will help DSM to license the rights to assume the distribution of farnesene, a bio-based compound. The agreement will also fulfill the current interest and demand for sustainably and clean produced chemistry in the market.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Farnesene market size was valued at USD 315 million in 2020 and could expand at a 6% CAGR up to 2027 led by growing consumer inclination towards natural and organic cosmetic ingredients.

Farnesene market share from fuels & lubes application segment could grow at over 4.5% CAGR to reach USD 100 million by 2027 owing to high demand for alternative and bio-based fuels and lubes in transportation sector.

European market for farnesene could expand at about 6% CAGR up to 2027 to hit USD 175 million, led by rising disposable income, changing lifestyles, and demand for premium-quality cosmetics.

Tate and Lyle Plc, ALFA, American Enzyme Company, Santa Cruz Biotechnology Inc., Toronto Research Chemicals Inc., and Amyris Inc. are among the leading manufacturers and suppliers of farnesene globally.