Market Overview:
The global B-Myrcene market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for flavor and fragrance, pharmaceuticals, and other applications. The content 75%, content 80%, content 90%, and others segments are expected to grow at a CAGR of XX%, XX%, XX%, and others during the forecast period from 2018 to 2030, respectively. In terms of region, North America is expected to lead the global B-Myrcene market with a share of XX% by 2030. Asia Pacific is projected to be the fastest growing region with a CAGR ofXX%.
Product Definition:
B-Myrcene is a monoterpene, and it is the most common terpene in cannabis. It has a woody, earthy aroma, and it is often used to increase the potency of other cannabinoids.
Content 75%:
The global content 75% is expected to witness significant growth over the forecast period. Content 75% is a form of myrciane that has been derived from cannabis plants. It’s known for its anti-inflammatory, antioxidant, and pain relieving properties which are expected to drive it's demand in the market over the forecast period.
Myrcene is an essential oil component that gives aroma.
Content 80%:
The Content 80% is a natural organic compound, extracted from the leaves of the B-Myrcene plant. It is an essential oil component that helps in increasing the solubility and stability of myrcienylate salts such as magnesium myrcium and calcium myrcium. These salts are used to produce Bio-Myriant (a patented technology) which has high demand in pharmaceuticals, personal care products, food additives & flavors and other industries.
Application Insights:
The flavor and fragrance application segment led the global market in 2017. This is attributed to growing demand for essential oils from various applications including food, beverage, cosmetics and fragrances. In terms of volume, this segment is anticipated to witness a CAGR of XX% over the forecast period owing to increasing consumption of flavored products across the globe.
B-myrcene has high potential as an additive in pharmaceuticals due to its anti-inflammatory and analgesic properties that help treat joint pain caused by arthritis effectively without any side effects or adverse reactions reported so far regarding b-myrcene usage in medicines globally. The compound also exhibits neuroprotective properties which may lead it being used as an antioxidant drug for brain disorders such as Alzheimer¢â‚¬â„¢s disease and Parkinson¢â‚¬â„¢s disease treatment someday soon (Ref).
Regional Analysis:
Asia Pacific dominated the global market in terms of both volume and revenue. The region is expected to maintain its dominance over the forecast period owing to high product demand from various end-use industries, such as fragrance, pharmaceuticals, food & beverage and others. China has emerged as a major manufacturing hub for myrcene due to low production costs coupled with easy availability of raw materials.
The growth in India can be attributed primarily to rising consumer awareness regarding health benefits associated with natural ingredients along with increasing R&D activities by key industry players for development of new products based on B-myrcene chemical structure. Europe also accounted for a significant share in global market owing to growing consumer preference toward bio-based chemicals resulting from stringent regulations by European Commission (EC).
Growth Factors:
- Increasing demand for essential oils and aromatherapy products
- Rising awareness about the benefits of myrcene oil
- Growing popularity of natural and herbal remedies
- Proliferation of online retail platforms that sell essential oils and related products
- Increasing investment in research and development to explore new applications for myrcene oil
Scope Of The Report
Report Attributes
Report Details
Report Title
B-Myrcene Market Research Report
By Type
Content 75%, Content 80%, Content 90%, Others
By Application
Flavor and Fragrance, Pharmaceuticals, Others
By Companies
DRT, Bordas, Florida Chemical, Florachem, Yasuhara Chemical, Natural Aroma Products, Xinghua Natural Spice, Sky Dragon Fine-Chem, Jiangxi Huayu, Hessence Chemicals, DRT
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global B-Myrcene Market Report Segments:
The global B-Myrcene market is segmented on the basis of:
Types
Content 75%, Content 80%, Content 90%, Others
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
Flavor and Fragrance, Pharmaceuticals, Others
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:
- DRT
- Bordas
- Florida Chemical
- Florachem
- Yasuhara Chemical
- Natural Aroma Products
- Xinghua Natural Spice
- Sky Dragon Fine-Chem
- Jiangxi Huayu
- Hessence Chemicals
- DRT
Highlights of The B-Myrcene 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:
- Content 75%
- Content 80%
- Content 90%
- Others
- By Application:
- Flavor and Fragrance
- Pharmaceuticals
- Others
- 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 B-Myrcene 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?
B-Myrcene is a natural constituent of cannabis and other plants. It has psychoactive properties and is used in products like oils, tinctures, and vape cartridges.
Some of the major companies in the b-myrcene market are DRT, Bordas, Florida Chemical, Florachem, Yasuhara Chemical, Natural Aroma Products, Xinghua Natural Spice, Sky Dragon Fine-Chem, Jiangxi Huayu, Hessence Chemicals, DRT.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 B-Myrcene 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 B-Myrcene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 B-Myrcene 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 B-Myrcene 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 B-Myrcene Market Size & Forecast, 2018-2028
4.5.1 B-Myrcene Market Size and Y-o-Y Growth
4.5.2 B-Myrcene Market Absolute $ Opportunity
Chapter 5 Global B-Myrcene 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 B-Myrcene Market Size Forecast by Type
5.2.1 Content 75%
5.2.2 Content 80%
5.2.3 Content 90%
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global B-Myrcene 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 B-Myrcene Market Size Forecast by Applications
6.2.1 Flavor and Fragrance
6.2.2 Pharmaceuticals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global B-Myrcene 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 B-Myrcene 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 B-Myrcene Analysis and Forecast
9.1 Introduction
9.2 North America B-Myrcene 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 B-Myrcene Market Size Forecast by Type
9.6.1 Content 75%
9.6.2 Content 80%
9.6.3 Content 90%
9.6.4 Others
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 B-Myrcene Market Size Forecast by Applications
9.10.1 Flavor and Fragrance
9.10.2 Pharmaceuticals
9.10.3 Others
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 B-Myrcene Analysis and Forecast
10.1 Introduction
10.2 Europe B-Myrcene 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 B-Myrcene Market Size Forecast by Type
10.6.1 Content 75%
10.6.2 Content 80%
10.6.3 Content 90%
10.6.4 Others
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 B-Myrcene Market Size Forecast by Applications
10.10.1 Flavor and Fragrance
10.10.2 Pharmaceuticals
10.10.3 Others
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 B-Myrcene Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific B-Myrcene 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 B-Myrcene Market Size Forecast by Type
11.6.1 Content 75%
11.6.2 Content 80%
11.6.3 Content 90%
11.6.4 Others
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 B-Myrcene Market Size Forecast by Applications
11.10.1 Flavor and Fragrance
11.10.2 Pharmaceuticals
11.10.3 Others
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 B-Myrcene Analysis and Forecast
12.1 Introduction
12.2 Latin America B-Myrcene 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 B-Myrcene Market Size Forecast by Type
12.6.1 Content 75%
12.6.2 Content 80%
12.6.3 Content 90%
12.6.4 Others
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 B-Myrcene Market Size Forecast by Applications
12.10.1 Flavor and Fragrance
12.10.2 Pharmaceuticals
12.10.3 Others
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) B-Myrcene Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) B-Myrcene 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) B-Myrcene Market Size Forecast by Type
13.6.1 Content 75%
13.6.2 Content 80%
13.6.3 Content 90%
13.6.4 Others
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) B-Myrcene Market Size Forecast by Applications
13.10.1 Flavor and Fragrance
13.10.2 Pharmaceuticals
13.10.3 Others
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 B-Myrcene Market: Competitive Dashboard
14.2 Global B-Myrcene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DRT
14.3.2 Bordas
14.3.3 Florida Chemical
14.3.4 Florachem
14.3.5 Yasuhara Chemical
14.3.6 Natural Aroma Products
14.3.7 Xinghua Natural Spice
14.3.8 Sky Dragon Fine-Chem
14.3.9 Jiangxi Huayu
14.3.10 Hessence Chemicals
14.3.11 DRT
