Myrcene Market Set to Reach USD 168.8 Million by 2035, Driven by Rising Demand for Natural Ingredients

The global Myrcene Market is poised for steady growth over the next decade, expanding from an estimated USD 110.8 million in 2025 to USD 168.8 million by 2035, reflecting a compound annual growth rate (CAGR) of 4.3%. This trajectory underscores the rising significance of myrcene as a cornerstone compound in fragrance, flavor, pharmaceutical, and specialty chemical applications.

As industries worldwide move toward natural and bio-based alternatives, myrcene has emerged as a critical raw material, offering versatility, sustainability, and a clear path for innovation. The report highlights the role of both established market leaders and emerging players who are investing in advanced technologies, expanding capacity, and pursuing greener production methods to capture new opportunities.

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Market Drivers: Why Myrcene Demand is Rising

Myrcene, also known as β-myrcene, is a naturally occurring monoterpene widely found in plants such as parsley, hops, cardamom, and thyme. Its diverse application in perfumes, flavors, pharmaceuticals, and even beverages makes it an indispensable compound across industries.

The market’s expansion is strongly supported by:

• Consumer preference for natural fragrances and flavors, particularly in personal care and food industries.
• Shift toward renewable chemical feedstocks as companies reduce reliance on synthetic substitutes.
• Growing research in bio-derivatives of myrcene, paving new applications in pharmaceuticals and nutraceuticals.
• Sustainability-driven innovation, aligning with global trends of eco-friendly and clean-label products.

Segmental Insights

By Concentration: The Rise of ≥ 90% Myrcene

The ≥ 90% purity segment is projected to account for 46.8% of total market share in 2025, making it the leading subsegment. Its dominance is attributed to the demand for high-quality and consistent performance in fragrance, flavor, and pharmaceutical formulations.

Manufacturers are prioritizing this high-purity concentration due to:

• Regulatory encouragement for cleaner, safer raw materials.
• Need for premium-grade natural ingredients in cosmetics and personal care.
• Adaptability for large-scale production without compromising product stability.

By Application: Fragrance Intermediate Leads

Myrcene’s role as a fragrance intermediate positions it as the most dominant application area, expected to capture 58.1% of the market revenue in 2025. Its ability to act as a precursor for high-value aroma chemicals makes it vital in perfumes, deodorants, and cosmetic products.

With rising global spending on personal care and lifestyle products, coupled with the trend toward natural aromatic chemicals, the fragrance industry remains the largest growth driver for myrcene. Emerging economies with expanding middle classes, such as India and China, are expected to accelerate this demand further.

Regional Outlook: Global Momentum with Regional Nuances

The Asia-Pacific region is expected to dominate consumption, fueled by rising population, urbanization, and the presence of key producers in China and India. The region’s lower production costs and growing consumer markets make it a hub for both supply and demand.

• China leads with the highest forecast CAGR of 5.8%, followed by India at 5.4%, highlighting the rapid expansion of their consumer and industrial bases.
• Western Europe, particularly Germany and France, continues to be a stronghold for the fragrance and flavor industries, with Germany expected to grow at 4.9% CAGR.
• North America follows closely, with the USA projected to grow at a steady 3.7% CAGR, reaching USD 59.7 million by 2035.
• The Middle East & Africa markets, while smaller, are growing rapidly due to increasing demand for premium perfumes.

Dihydromyrcene: A Vital Derivative Expanding Opportunities

Closely related to myrcene, dihydromyrcene is gaining attention as a key fragrance ingredient, used in perfumes, soaps, and detergents. Its presence in popular fragrances such as jasmine and sandalwood derivatives highlights its critical role in the global fragrance chemicals market.

The Asia-Pacific region again dominates dihydromyrcene production, with China and India leading due to cost-effective manufacturing and rising consumer demand. North America and Europe, however, maintain strong shares given their advanced personal care and cosmetics sectors.

Challenges and Constraints

Despite positive growth, the market faces a few headwinds:

• Regulatory concerns: The World Health Organization (WHO) International Agency for Research on Cancer (IARC) has raised concerns about potential carcinogenicity of myrcene, limiting its penetration in some regions.
• Cultural and political sensitivities: Myrcene’s derivation from cannabis introduces complexities in regulatory acceptance.
• Stability issues: Myrcene is unstable in air and often requires conversion into derivatives like myrcenol for industrial use.

Nonetheless, the industry is actively addressing these challenges through research, innovation, and technology-driven solutions, ensuring future growth.

Competitive Landscape: Leaders and Innovators

The Myrcene Market features a mix of established global leaders and ambitious new entrants, all seeking to expand their reach and develop innovative technologies. Key players include:

• Merck KGaA – Leveraging advanced chemical solutions with a strong focus on bio-based innovation.
• Krems Chemie Chemical Services – Expanding capacity to meet rising demand for fragrance intermediates.
• TCI Chemicals & Santa Cruz Biotechnology – Driving research-led applications for pharmaceuticals and nutraceuticals.
• NIPPON TERPENE CHEMICALS – Known for technological leadership in terpene production.
• Glentham Life Sciences, Paris Chemicals, Toronto Research Chemicals – Emerging as agile suppliers catering to research and specialty chemical markets.

Alongside these, regional players such as DRT, Yasuhara Chemical, Sky Dragon Fine-Chem, and EcoGreen International are investing heavily in scalable and sustainable production methods, creating a highly competitive global ecosystem.

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Future Outlook: Toward a Sustainable Myrcene Economy

The decade ahead promises a transformative phase for the Myrcene Market. Driven by innovation, sustainability, and consumer demand for natural products, the industry is expected to expand its applications beyond fragrances and flavors, deepening its role in pharmaceuticals, nutraceuticals, and specialty chemicals.

About Future Market Insights (FMI)

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.