The global farnesene market is anticipated to grow at a considerable CAGR of 6.3% during the forecast period. The primary factor which is expected to affect the global farnesene market adversely across the globe is the continuous fluctuation in raw material prices owing to unsuitable weather conditions. Different types of feedstocks and sugarcane are used for producing farnesene. Thus, the unsuitable and rapidly changing weather conditions heavily affect the production and the supply of the farnesene market. According to the research report published by the State Agricultural Statistics Authorities (SASA), around 3.5% of the South African population depends on the sugarcane industry for a living.
Browse the full report description of “Global Farnesene Market Size, Share & Trends Analysis Report by Application (Cosmetics & Personal Care, Flavor and fragrances, Performance materials, and fuel & Lubricants) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/farnesene-market
Sugarcane is a tropical and subtropical crop, which requires a hot and humid climate with a temperature range between 21°C to 27°C and rainfall between 75 cm, annually. However, as per the United Nations report, in 2021, the region reported an increase of 15 degrees from the global mean temperature estimated annually. Additionally, rapidly rising natural disasters such as cyclones and tropical storms are the symptoms of extreme weather in Africa. These destructive forces of nature are devastating to the crops, infrastructure, and other properties in several African countries including Mozambique, Madagascar, and Zimbabwe, among others.
In addition, the regional availability of raw materials also impacts the global price, and the supply of farnesenes is considered to be another factor that is affecting market growth. For instance, sugarcane is majorly produced in Brazil and accounts for over 55% of ethanol production, followed by sugar. This is one of the major influencing factors responsible for the fluctuating farnesene price trends in the global market.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape – Katyani Exports, Tate and Lyle Plc, Penta Manufacturing Co. LLC, Amyris, Inc., Precigen Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Farnesene Market Report Segment
By Application
Global Farnesene Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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