Terpene Market Revenue, Size, Share, Growth, Trends | Industry Forecast 2025
Added: (Mon Jan 07 2019)
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According to a new report published by Transparency Market Research, the global terpene market is predicted to grow remarkably during 2017-2025, due to rising demand from food & beverages and pharmaceutical industries.
Terpene is produced from the resin of pine trees and consists hydrocarbon and resin acid. Produced by animals and plants, terpene is a class of hydrocarbons. Terpene is also a natural compound developed from isoprene subunits, which is a hydrocarbon comprising five carbon atoms attached to eight hydrogen atoms. The TMR report has segmented the terpene market, in terms of isoprene unit, into numerous types such as monoterpenes, hemiterpenes, tetraterpernes, diterpenes, and others.
The terpene market, on the basis of end-use industry, is divided into food & beverages, pharmaceutical, cosmetics, and rubber. A wide range of medical benefits is delivered by terpene that include antimicrobial, antiseptic, and even anti-carcinogen effects among others. Therefore, the pharmaceutical segment for the global terpene market is growing at a rapid pace.
Moreover, increase in the usage of flavors in dietary supplements, and nutraceutical and pharmaceutical applications is further projected to propel the growth for the global terpene market. Another segment that accounts for significant share of the terpene market is food & beverages. As terpene is utilized as aromatic and flavoring agents in various food & beverages applications, the terpene market will grow significantly during the forecast period, according to the report.
To know more about each segment of the terpene market and the overall market outlook, visit https://www.transparencymarketresearch.com/terpene-market.html.
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