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

Global Sclareolide Methane Market: Introduction

The global sclareolide methane market is estimated to be valued at approximately US$ 0.04 Bn in 2018 and is expected to register a CAGR of over 3.7%.

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Sclareolide, also known as norambreinolide, is a sesquiterpene lactone natural product derived from various plant sources including salvia sclarea, salvia yosgadensis, and cigar tobacco.

Sclareolide is primarily used as a fragrant in perfumes, cosmetics, and personal care products. Sclareolide is also used in personal care products for its skin lightening or darkening properties. More recently, sclareolide has been used as a weight-loss supplement, though its effect has not been successfully demonstrated. One of the major applications of sclareolide is to disguise the unpleasant taste in coffee and tobacco while enhancing its flavors.

Global Sclareolide Methane Market: Dynamics

Increasing consumption of cigarettes and tobacco globally is a key factor expected to drive growth of the global sclareolide market over the forecast period. Approximately 5.7 trillion cigarettes were smoked worldwide in 2016, and cigarette consumption is expected to increase in low–medium–HDI countries, owing to dynamic economic development, and continued population growth, which in turn is expected to drive growth of the global sclareolide market over the forecast period.

In addition, rising demand for sclareolide in cosmetics, personal care products, weight-loss supplements, and sports nutrition, coupled with increasing disposable income is another factor expected to boost growth of the global sclareolide market over the forecast period. According to European trade association – Cosmetics Europe – Europe’s cosmetics and personal care products industry was valued at US$ 88.5 Bn in 2017, making it one of the biggest cosmetics and personal care products markets, globally. The largest national markets for cosmetics and personal care products within Europe are Germany (US$ 15.5 Bn), France (US$ 12.9 Bn), the UK (US$ 12.7 Bn), Italy (US$ 11.5 Bn), and Spain (US$ 7.8 Bn).

Moreover, Sclareolide is known for masking or enhancing with regards to specific taste. Increasing adoption of sclareolide for enhancing the organoleptic properties in food products is expected to drive growth of the global sclareolide market over the forecast period. Use of sclareolide in low-fat ice creams to enhance its creaminess, as well as in food and beverages sweetened with nonnutritive sweeteners, is on the rise. In addition, sclareolide reduces the bitter taste imparted by potassium chloride in salt substitutes and suppresses the disagreeable taste of high-intensity sweeteners, which is expected to further fuel growth of the global sclareolide market over the forecast period.

However, high cost of the product, as 5 gm of sclareolide costs over US$ 50, and 100 gm costs approximately more than US$ 400 is a key restraining factor of the global market over the forecast period. In addition, availability of cost-effective substitutes to de-bitter coffee, and tobacco and the products that provide fragrance in cosmetics are some other factors expected to challenge growth of the target market over the forecast period.

Ongoing trend observed in the target market is increasing use of sclareolide as a weight loss supplement and sports nutrition. Various companies promoting this in order to increase resting metabolism, body fat breakdown, and enhancing thyroid function. For example, Avoca Inc. conducted a research study, that included benefits of sclareolide including increase in cyclic adenosine monophosphate activity, which is effective for weight loss regime. Products such as thermogenic fat burner, thyroid regulating fat loss supplement, etc. have a moderate quantity of 95–97% liquid sclareolide.

Increasing manufacturers focus on strategic merger and acquisition activities in order to enhance product and service portfolio across the globe. For example, in November 2015, Merck KGaA acquired US-based Sigma-Aldrich Corporation, which develops, manufactures, purchases, and distributes various chemicals, biochemicals, and equipment products worldwide. This acquisition focuses on bringing together the products and services, innovative capabilities, and exceptional talent of Merck Millipore and Sigma-Aldrich, in order to create a global leader in the life science industry.

Global Sclareolide Methane Market Analysis by Type:

On the basis of type, the market is segmented into 95–97% and >97%. Currently, the 95–97% segment dominates in the global market in terms of revenue and is expected to maintain its dominance over the forecast period.

Global Sclareolide Methane Market Analysis by End Use:

On the basis of end use, the market is segmented into cosmetics, tobacco, food and beverages, and others. Currently, the tobacco segment dominates in the global market in terms of revenue and is expected to maintain its dominance over the forecast period.

Global Sclareolide Methane Market Analysis by Region:

Based on the region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The market in Europe is expected to register the highest share in terms of revenue in the global sclareolide methane market in 2017.

In addition, increasing demand for sclareolide in tobacco production, as it can lower the bitterness, coupled with increasing consumption of tobacco are major factors expected boost growth of the Europe sclareolide market in next 10 years. For example, according to American Cancer Society data in 2016, cigarette consumption was 1.2 Tn in Europe.

Moreover, growing demand for personal care products, rapidly growing cosmetic industry, and presence of major end use buyers for sclareolide including British American Tobacco, Imperial Tobacco plc, and Reemtsma Cigarettenfabriken GmbH, etc., in Europe are among the other factors expected to support growth of the target market in this region over the forecast period.

The market in the Asia Pacific is expected to account for second-highest share in terms of revenue over the forecast period, owing to increasing consumption of coffee across various countries, which in turn is expected to create demand for sclareolide, thereby boosting growth of the target market over the forecast period. For example, according to International Coffee Organization, the total Asia & Oceania coffee consumption (in thousand 60kg bags) in 2015/2016 was 33,628 which was an increased by 3.0% as compared to 2014/2015.

In addition, increasing consumption of tobacco across various countries in the region, owing to the various factors such as changing life-style and increasing disposable income is another factor expected to propel growth of the Asia Pacific sclareolide market.

Moreover, rising demand for cosmetics and personal care products such as creams, aftershave, detergents, and others, as a fragrant coupled with increasing use of sclareolide in these products are factors expected to support growth of the target market in the region over the forecast period

Market Segmentation of Global Sclareolide Methane Market:

Segmentation by Type:

• 95–97%
• > 97%

Segmentation by Application:

• Cosmetics
• Tobacco
• Food and Beverages
• Others (Weight-loss supplements and sports nutrition)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa