MarketResearch.biz announces the publication of its most recently generated research report titled, “Global Sclareolide Market by the type (95–97% and >97%), end use (Cosmetics, Tobacco, Food and Beverages, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Forecast to 2028.”, which offers a holistic view of the sclareolide market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2018–2022) is projected to be over US$ 265 Mn, which is expected to increase significantly over the latter part of the five-year forecast period.
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.
Browse the full “Sclareolide Methane Market By The Type (95–97% And >97%), End Use (Cosmetics, Tobacco, Food And Beverages, And Others), and Region – Global Forecast to 2023” report at https://marketresearch.biz/report/sclareolide-methane-market/
Global Sclareolide Market: Market Dynamics
Increasing consumption of tobacco across the globe, 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, consumption of tobacco 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 over the forecast period.
Moreover, rising adoption of sclareolide for enhancing organoleptic properties in food products is another factor expected to boost growth of the global sclareolide market over the forecast period.
However, high cost of product, since the extraction process of sclareolide is extremely costly for manufactures, which reflects on its final product price is a key factor expected to restrain growth of the global market over the forecast period. In addition, availability of cost-effective substitutes to de-bitter coffee, and tobacco, as well as products to provide fragrance in cosmetics are some other factors expected to hamper growth of the global sclareolide market to a certain extent.
The ongoing trend observed in the target market is increasing adoption of sclareolide as weight-loss and sports supplements in order to increase resting metabolism, body fat breakdown, and enhancing thyroid function.
Global Sclareolide Market: Market Forecast
The comprehensive research report comprises 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 of 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 segment is further bifurcated into 95–97% and >97%. The end use segment is further bifurcated 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 as compared to >97% type segments and is expected to register a CAGR of over 3.5% between 2018 and 2027.
By end use: The Tobacco segment accounted for highest revenue share contribution as compared to other end use segments, and is expected to register a CAGR of over 4.0% between 2018 and 2027.
By Region: The Europe sclareolide market accounted 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 of over 4.0% between 2018 and 2027.
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 abcr GmbH
The Global Sclareolide Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global sclareolide market for 2017–2027.
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