Tech World Herald - Sclareolide Methane Market is Estimated to Increase by 3.7% CAGR Forecast By 2028

Sclareolide Methane Market is Estimated to Increase by 3.7% CAGR Forecast By 2028

Newsdesk 5/7 11:10

Sclareolide is a sesquiterpene lactone natural product derived from various plant sources including salvia sclarea, salvia yosgadensis, and cigar tobacco. It is mostly used as a fixative or base in the perfume industry, and also used in cosmetics for lightening or darkening of skin.

The global sclareolide methane market is estimated to be approximately US $ 0.04 in 2018 and is expected to register at CAGR or over 3.7%. The first five-year cumulative revenue (2018-2022) is projected to be over US $ 265 Mn, which is expected to increase significantly over the laughter part of the five-year forecast period.

Tobacco is predominantly flavored with sclareolide to lower bitterness and original scent of tobacco. Although, tobacco epidemic is one of the biggest public health threats in the world, which has been on the rise for the last decade, which in turn is expected to drive growth of the global Sclareolide market over the forecast period.

In addition, growing personal care products and cosmetics industry, rising adoption of sclareolide in various cosmetics, and personal care products such as creams, aftershave, detergents, and others, as a fragrant is another factor expected to further fuel growth of the target market. the forecast period.

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Global Sclareolide Market: Market Forecast

The comprehensive research report includes a complete forecast of the global sclareolide market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global sclareolide market is expected to expand at a CAGR or 3.7% over the forecast period.

Global Sclareolide Market: Segmental Snapshot

The market report has been segmented on the basis of type, end use, and region. The type of segment is further bifurcated to 95?97% and> 97%. The end use segment is further incorporated into cosmetics, tobacco, food and beverages, and others. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By type: The 95?97% segment accounted for highest revenue share contribution compared to> 97% type segments and is expected to register at CAGR or over 3.5% between 2018 and 2027.

By end use: The Tobacco segment accounted for highest revenue share compared to other end use segments, and is expected to register to CAGR or over 4.0% between 2018 and 2027.

By Region: The Europe sclareolide market account for the highest share in terms of revenue in the global sclareolide market in 2017. The Asia Pacific is expected to register the highest CAGR or over 4.0% between 2018 and 2027.

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Global Sclareolide Market: Competitive Analysis

The research report on the global sclareolide market includes profiles of some of major companies such as Merck KGaA, Carbosynth Ltd., Santa Cruz Biotechnology, Inc., Tokyo Chemical Industry Co., Ltd., Apexbio Technology LLC, Aphios Corp., Avoca Inc. , Capot Chemical Co., Ltd., J&K Scientific Ltd., and ABC GmbH

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