Bisabolene a Sustainable and Natural Solution for
Manufacturing of Perfumes and Cosmetics.
ROCKVILLE, Md., Aug. 6, 2024 /PRNewswire/ -- According to a
new research report published by Fact.MR, the
global Bisabolene Market was valued at
US$ 3 million in 2023 and has been
forecasted to expand at a CAGR of 3.9% to end up at
US$ 4.6 million by 2034.
An important ingredient in perfumes and cosmetics, bisabolene
can be used as an antiseptic. In addition to having a pleasant
aroma, it can also be used as a building material in medicine for
the synthesis of various drugs and therapeutic molecules.
Bisabolene is produced from sustainable sources such as plant
biomass or sugar, and its potential as a renewable biofuel has
attracted attention in the energy industry.
The market is expanding steadily due to increasing consumer
demand for natural and environment-friendly products. Conventional
fossil fuels need to be replaced by sustainable renewable sources
sooner than later. Moreover, microbial methods have become an
effective for bisabolene production with the development of
biotechnology using genetically engineered bacteria and yeast.
North America and East Asia together account for well over half
of global bisabolene sales, with the global market being handsomely
led by the alpha- bisabolene variant.
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Report:
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Key Takeaways from the Bisabolene Market Study:
- The global bisabolene market is projected to expand at a CAGR
of 3.9% and reach US$ 4.6 million by
2034-end.
- The market created an absolute $ opportunity of US$ 500 thousand from 2019 to 2023.
- North America is estimated to
hold a market share of 32.4% in 2024 and create an absolute
opportunity of US$ 500 thousand from
2024 to 2034.
- Leading market players include Augustus Oils, BASF /
Isobionics, Givaudan, Hairui Chemical Agrochemicals, and Misri
Fumet Pvt. Ltd.
- The East Asia market has been
projected to expand at a CAGR of 4.4% through 2034.
"Bisabolene is a promising material due to its natural
source and wide variety of applications in the flavor, fragrance,
and healthcare industries. Growth of this market will largely
depend on a stable supply chain of natural resources and a
beneficial regulatory framework," says a Fact.MR
analyst.
Leading Players Driving Innovation in
Bisabolene Market:
- Augustus Oils
- BASF/Isobionics
- Givaudan
- Hairui Chemical Agrochemicals
- Misri Fumet Pvt. Ltd.
- Aurochemicals
Bisabolene Industry News:
Increasing need for sustainable and renewable materials,
biotechnology allowing improved microbial fermentation processes
for growth, and expanding bisabolene use in fragrance, cosmetics,
pharmaceuticals, and biofuel are key factors driving market growth.
Investing heavily in R&D to explore new applications and
enhance productivity, developing a framework for partnerships and
collaborations, changes in the regulatory environment, with global
emphasis on environmental sustainability, and shift toward
environment-friendly bio-based products will be leading marker
drivers in the years ahead.
Businesses are allocating a sizeable portion of their profits on
research and development (R&D) in an effort to attract more
customers and find innovative solutions to challenges in order to
stay competitive.
- For instance, in 2023, Givaudan, a well-known manufacturer of
bisabolene, invested US$ 572.1
million in research and development.
In order to succeed, businesses are creating customized answers
to issues that cater to the demands of particular industries.
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Solutions:
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Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, By Product Type:
- Alpha-Bisabolene
- Beta-Bisabolene
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, By Function:
- Flavoring Agent
- Perfuming Agent
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, By Source:
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, By End Use:
- Food & Beverage Processing
- Personal Care & Cosmetics
- Formulations
- Others (Households etc.)
More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of
the global bisabolene market, presenting historical data for 2019
to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on product type
(alpha-bisabolene, beta-bisabolene), function (flavoring agents,
perfuming agents), source (natural, synthetic), and end use (food
& beverage processing, personal care & cosmetics,
formulations), across seven major regions of the world
(North America, Latin America, Western Europe, Eastern Europe, East
Asia, South Asia &
Pacific, and the Middle East &
Africa).
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About Us:
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renowned for its comprehensive market reports and invaluable
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we deliver deep analysis, uncovering market trends, growth paths,
and competitive landscapes. Renowned for its commitment to accuracy
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