Market Overview:
The global Carvacrol market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for natural carvacrol, increasing application of carvacrol in flavors and fragrances, and growing demand for carvacrol in food additives. However, volatility in prices of raw materials is expected to restrain the growth of the global Carvacrol market during the forecast period. On the basis of type, natural type accounted for a major share of the global Carvacrol market in 2017. This can be attributed to increasing preference for natural ingredients over synthetic ingredients among consumers across regions. On the basis of application, flavors and fragrances accounted for a major share of the global Carvacrol market in 2017.
Product Definition:
The definition of Carvacrol is a monoterpenoid compound found in essential oils from plants such as thyme, oregano, and peppermint. It has a strong, pungent odor and is responsible for the characteristic flavor of these oils. Carvacrol is used in food additives and as a fragrance ingredient.
Natural Type:
Natural type is a new term in the market and it means that the product manufactured should have been extracted from its natural source. Natural products are free of synthetic chemicals, artificial additives or any other man-made ingredient. The main objective of manufacturing natural products is to produce goods with no side effects on human health.
Synthetic Type:
Synthetic type is also known as laboratory created or artificial type. It is a form of chemical compound and has no relationship with natural occurring carvacrol.
Application Insights:
The flavors and fragrances segment dominated the global carvacrol market in terms of revenue share in 2017. The product is extensively used as a flavor enhancer due to its strong odor, which makes it suitable for use in perfumes and food & beverages applications. In addition, it also finds application as an intermediate chemical for the manufacturing of various products such as pharmaceutical intermediates, cosmetics and detergents among others.
Food additives are expected to witness significant growth over the forecast period owing to increasing demand from countries such as China, India and Brazil among others where they are used primarily for flavoring purposes or preservation purposes. Carvacrol is considered to be a potential replacement for thymol since both chemicals exhibit similar properties including being antifungal, antioxidant free radical scavengers along with exhibiting other health benefits making them suitable alternatives within these industries worldwide over the coming years.
Regional Analysis:
Europe was the largest market for carvacrol and accounted for a share of over 35.0% in 2017 owing to high demand from the fragrance, flavors and pharmaceutical industries. The region is expected to witness significant growth on account of increasing production of wine, which is one of the major applications for carvacrol.
Asia Pacific is anticipated to be one of the fastest-growing regions due to rapid industrialization coupled with increasing per capita income in emerging economies such as China and India will drive product demand over next eight years.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the health benefits of carvacrol
- Growing popularity of essential oils and aromatherapy
- Proliferation of online retailing platforms
- Expansion of distribution channels
Scope Of The Report
Report Attributes
Report Details
Report Title
Carvacrol Market Research Report
By Type
Natural Type, Synthetic Type
By Application
Flavors and Fragrances, Food Additives, Pharmaceutical Intermediates, Other
By Companies
SHUBH Flavour And Fragrances Pvt., Foreverest Resources Ltd, Weifang Union Biochemistry, Anhui Haibei Import & Export Co., Hairui Natural Plant Co., High Hope Int'l Group, Jiangxi Baicao Pharmaceutical, Shree Bankey Behari Lal Aromatics, Fuzhou Farwell Import & Export Co., Kunshan Sainty Y.J.Y. Co., SHUBH Flavour And Fragrances Pvt.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Carvacrol Market Report Segments:
The global Carvacrol market is segmented on the basis of:
Types
Natural Type, Synthetic Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Flavors and Fragrances, Food Additives, Pharmaceutical Intermediates, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SHUBH Flavour And Fragrances Pvt.
- Foreverest Resources Ltd
- Weifang Union Biochemistry
- Anhui Haibei Import & Export Co.
- Hairui Natural Plant Co.
- High Hope Int'l Group
- Jiangxi Baicao Pharmaceutical
- Shree Bankey Behari Lal Aromatics
- Fuzhou Farwell Import & Export Co.
- Kunshan Sainty Y.J.Y. Co.
- SHUBH Flavour And Fragrances Pvt.
Highlights of The Carvacrol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Type
- Synthetic Type
- By Application:
- Flavors and Fragrances
- Food Additives
- Pharmaceutical Intermediates
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carvacrol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carvacrol is a natural phenolic compound found in many plants and herbs. It has anti-inflammatory and antimicrobial properties, which may help reduce the symptoms of various skin conditions.
Some of the major players in the carvacrol market are SHUBH Flavour And Fragrances Pvt., Foreverest Resources Ltd, Weifang Union Biochemistry, Anhui Haibei Import & Export Co., Hairui Natural Plant Co., High Hope Int'l Group, Jiangxi Baicao Pharmaceutical, Shree Bankey Behari Lal Aromatics, Fuzhou Farwell Import & Export Co., Kunshan Sainty Y.J.Y. Co., SHUBH Flavour And Fragrances Pvt..
The carvacrol market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carvacrol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carvacrol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carvacrol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carvacrol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carvacrol Market Size & Forecast, 2020-2028
4.5.1 Carvacrol Market Size and Y-o-Y Growth
4.5.2 Carvacrol Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Natural Type
5.2.2 Synthetic Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Flavors and Fragrances
6.2.2 Food Additives
6.2.3 Pharmaceutical Intermediates
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carvacrol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carvacrol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Natural Type
9.6.2 Synthetic Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Flavors and Fragrances
9.10.2 Food Additives
9.10.3 Pharmaceutical Intermediates
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Natural Type
10.6.2 Synthetic Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Flavors and Fragrances
10.10.2 Food Additives
10.10.3 Pharmaceutical Intermediates
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Natural Type
11.6.2 Synthetic Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Flavors and Fragrances
11.10.2 Food Additives
11.10.3 Pharmaceutical Intermediates
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Natural Type
12.6.2 Synthetic Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Flavors and Fragrances
12.10.2 Food Additives
12.10.3 Pharmaceutical Intermediates
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Natural Type
13.6.2 Synthetic Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Flavors and Fragrances
13.10.2 Food Additives
13.10.3 Pharmaceutical Intermediates
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carvacrol Market: Competitive Dashboard
14.2 Global Carvacrol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SHUBH Flavour And Fragrances Pvt.
14.3.2 Foreverest Resources Ltd
14.3.3 Weifang Union Biochemistry
14.3.4 Anhui Haibei Import & Export Co.
14.3.5 Hairui Natural Plant Co.
14.3.6 High Hope Int'l Group
14.3.7 Jiangxi Baicao Pharmaceutical
14.3.8 Shree Bankey Behari Lal Aromatics
14.3.9 Fuzhou Farwell Import & Export Co.
14.3.10 Kunshan Sainty Y.J.Y. Co.
14.3.11 SHUBH Flavour And Fragrances Pvt.
