Global Terpenes Market Growth 2023-2029

Global Terpenes Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Terpenes Industry Forecast” looks at past sales and reviews total world Terpenes sales in 2022, providing a comprehensive analysis by region and market sector of projected Terpenes sales for 2023 through 2029. With Terpenes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Terpenes industry.
This Insight Report provides a comprehensive analysis of the global Terpenes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Terpenes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Terpenes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Terpenes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Terpenes.
The global Terpenes market size is projected to grow from US$ 633.9 million in 2022 to US$ 994.1 million in 2029; it is expected to grow at a CAGR of 994.1 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Terpenes market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Pinene
Limonene
Others
Segmentation by application
Cosmetic
Pharmaceutical
Food
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Arora Aromatics
Mentha & Allied Products
AOS Products
Kraton
Natural Fractions
Interstate Commodities
Himachal Terepene Products
YASUHARA CHEMICAL
Jiangxi Jishui Xinghua Natural Spice
Key Questions Addressed in this Report
What is the 10-year outlook for the global Terpenes market?
What factors are driving Terpenes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Terpenes market opportunities vary by end market size?
How does Terpenes break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.