According to a recent FMI report, the global valencene market is expected to grow at a CAGR of 5.2%. The market value is anticipated to increase from US$ 5.5 Mn in 2023 to US$ 9.2 Mn by 2033.
Valencene is a natural compound found in Valencia oranges and is used as a flavoring agent in the food & beverage industry. Rising demand for natural food & beverage ingredients and growing awareness about various health benefits of valencene are the major factors driving sales in the global market.
However, the high cost of valencene and stringent regulations regarding its use are restraining growth in this market to some extent. Valencene is used in various applications such as beverages, desserts, savory dishes, and others.
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Moreover, valencene is considered to be the primary flavor compound in the popular citrus beverage named Orangina. It is also used as a flavoring agent in a wide variety of food and beverage products, including soft drinks, hard candies, ice creams, and chewing gums.
The valencene market is expected to grow significantly in the next ten years. The compound is already being used in a wide range of products, and its popularity is only expected to increase. There are numerous opportunities for key companies that produce valencene-based products, and the market is set to expand with the easy availability of such products.
On the other hand, there are several factors that may limit its use in food applications. One major issue is its low solubility in water. This means that it cannot be used as a direct flavoring agent in products such as soft drinks or juices.
Instead, it must be added to the product in the form of an oil or emulsion. This can increase the cost of production and may also affect the final flavor of the product. Another factor that can limit the use of valencene is its relatively high boiling point. This means that it can easily be lost during processing, thereby leading to a loss of flavor.
Key Takeaways from the Valencene Market Study:
- The North America valencene market is expected to register a 38% CAGR between 2023 and 2033.
- The market for valencene in China is projected to grow at a CAGR of 5.8% during the forecast period.
- The demand for valencene is projected to grow at a CAGR of 6% in the U.K during the evaluation period.
- The demand for valencene is projected to grow at a CAGR of 4.2% in India during the expected time frame.
- The demand for valencene in Europe is expected to grow at 6.1% CAGR in 2023.
Competition Landscape: Valencene Market
Key players in the valencene market are Citrus World, Florida Chemical Company, Procter & Gamble Chemicals, and Symrise AG, Isobionics, Evolva, Vishal Essential Oils and Chemicals, Cvista, and Panta Manufacturing Company among others.
North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region’s growing population and rising disposable income levels. Furthermore, the North America valencene market is expected to grow in the next ten years due to the presence of a favorable legal and regulatory environment.
The valencene market is highly competitive with various companies vying for a share of the pie. Leading players in the market consist of large multinational corporations with significant financial resources and marketing clout. They are all well-established companies with long-standing relationships with key customers in the food and beverage industry.
Competition in the valencene market is intense, with each company trying to gain an edge over its rivals. Price is a major factor in this market, as each company tries to offer its products at a competitive price. Marketing campaigns also play a significant role in this market, as they help to create high brand awareness and drive sales. Competition in the valencene market is expected to increase in the next ten years as more companies enter the market and try to gain a foothold.
Get Valuable Insights into Valencene Market
FMI, in its new offering, provides an unbiased analysis of the valencene market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for valencene market based on purity grade (1. <60%, 2. 60%-65%, 3. 66%-70%, 4. 71%-75%, 5. 76%-80%, 6. >80%), by form (food & beverage, personal care & home care), and by region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).
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Valencene Market Outlook by Category
By Purity Grade:
- <60%
- 60%-65%
- 66%-70%
- 71%-75%
- 76%-80%
- >80%
By Application:
- Food & Beverage
- Personal Care
- Home Care
By Distribution Channel:
- Online
- Offline
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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