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Carvone market will register a 4.1% CAGR

Carvone is a member of a family of chemicals called terpenoids. Carvone is found naturally in many essential oils, but is most abundant in the oils from seeds of caraway (Carum carvi), spearmint (Mentha spicata), and dill.
Carvone is a member of a family of chemicals called terpenoids. Carvone is found naturally in many essential oils, but is most abundant in the oils from seeds of caraway (Carum carvi), spearmint (Mentha spicata), and dill. Natural D-carvone is founded in mandarin peel oil, while L-carvone is found in ginger grass oil. Carvone can be classified as L-carvone and D-carvone based on its chemical structure. Gum makers producing a spearmint product have a choice of flavoring with spearmint oil, natural L-carvone(derived from spearmint oil), synthetic L-carvone (from citrus fruits) or combinations, L-carvone is often used to enhance spearmint oil. Since there are not enough spearmint crops to satisfy the demand of spearmint flavor, including L-carvone, the synthetic carvone is more popular in consideration of stable supply and cheaper price. Currently L-carvone is the dominant type of carvone sold on the market, and 81.39% of carvone is L-carvone in 2015.
Over the next five years, reportsandmarkets projects that Carvone will register a 4.1% CAGR in terms of revenue, reach US$ 56 million by 2023, from US$ 44 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Carvone market by product type, application, key manufacturers and key regions.
Segmentation by product type:
L-Carvone
D-Carvone
Segmentation by application:
Daily Use Chemical Essence
Food Additive
Pharmaceutical
Agricultural
Others
This report also splits the market by region:
Americas,United States,Canada,Mexico,Brazil,APAC,China,Japan,Korea,Southeast Asia,India,Australia,Europe,Germany,France,UK,Italy,Russia,Spain,Middle East & Africa,Egypt,South Africa,Israel,Turkey,GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Paramount Aromachem
Renessenz
Gem Aromatics
Shree Bankey Behari Lal Aromatics
Wanxiang International
Jishui County Shunmin Medicinal
Lvchang Chemical
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Carvone consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Carvone market by identifying its various subsegments.
Focuses on the key global Carvone manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Carvone with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Carvone submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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