Global Farnesene Market

Gaarti10 Jul, 2021Games

Cosmetics application segment led the industry with demand estimated at more than US$ 14Mn for 2019. The farnesene industry size may grow owing to rise in Squalene demand. Increasing demand for cosmetics is one of the major factors driving the farnesene market globally. In the cosmetic industry, the trend of using bio-based resources over synthetic products for numerous anti-ageing cream, lotion, and other cosmetics is taking precedence. The demand for bio-based products is increasing at a steady rate of year-on-year. This trend is helping in the high consumption of farnesene in the cosmetics sector, because of its less toxicity and excellent biodegradable characteristics.