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Sclareolide Market by Type (Sclareol 95%, Sclareolide <97%, Sclareolide >97%) By Application (Cosmetics, Tobacco, Food, Others): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Market Insights

Sclareolide is a lactone that belongs to the sesquiterpene family. Sclareolide is a 95-97 percent substance derived from salvia sclarea, cigar tobacco, and salvia yosgadens, among other plant sources. Sclareolide is an antifungal compound that's similar to sclareol. It's used in cosmetics for fragrance and, more recently, as a weight-loss supplement, but there's no clinically proven evidence to back up this claim. The biotransformation of sclareol produces sclareolide in a high purity form by clary sage. As a result, it is a pure and long-lasting commodity. The global cumulative revenue opportunity offered by the Sclareolide industry is expected to be over USD 375 million during the forecast period. The Sclareolide market is expected to cross-market value of USD 55 million in 2027 from USD 52 million in 2020. It is expected to grow at a CAGR of over 0.8% during the forecast period.

Global Sclareolide Market

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High Demand for Cosmetic Products

The global high purity sclareolide market is expected to be propelled by rising demand for cosmetic products and rising consumer spending on cosmetic and personal care products around the world. In addition, the increase in demand for multipurpose cosmetic products among individuals and improvements in the standard of living in various developed and developing countries are driving up the demand for high-purity cosmetic ingredients among manufacturing industries worldwide. As a result, Sclareolide is increasingly being used as one of the major fragrant components in a large number of cosmetics products around the world. This, in turn, is expected to drive the demand for Sclareolide. 

Interesting Facts about Sclareolide

  • Sclareolide is a naturally occurring product derived from many plants such as Salvia sclarea & Salvia yosgadensis.
  • Europe accounted for the vast majority of Sclareolide consumption.
  • Sclareolide has potential applications in weight loss supplements.
  • Sclareolide is mainly used in cosmetics as a fragrance.
  • For the health-related application of Sclareolide, there is no clinical evidence.

Europe to Held the Dominant Position

A high level of geographic concentration can be observed in the global Sclareolide market. Europe is the dominant region in terms of production and consumption. The higher availability of the raw materials and the existence of major regional producers are major factors driving the demand for Sclareolide in the region. In 2020, Europe accounted for over two-thirds of the global Sclareolide market. France, Germany, UK, Spain, and Italy dominate the demand for Sclareolide in Europe. However, the U.S., China, and Japan are also expected to witness increasing adoption of Sclareolide in various applications over the forecast period.  

Global Sclareolide Market is led by the Sclareolide <97%

Sclareol 95%, Sclareolide <97%, and Sclareolide >97% are the different types of Sclareolide. In 2020, Sclareolide <97% accounted for the largest share of Sclareolide market. However, Sclareol 95% is anticipated to grow at the fastest CAGR during the forecast period. High purity Sclareolide is used in beverage manufacturing. However, a large chunk of Sclareolide goes into the manufacturing of cosmetics.  

Tobacco continues to dominate the global sclareolide market in terms of application.

Cosmetics, Tobacco, Food, and Others are some of the major applications of Sclareolides. The cosmetics segment accounted for the largest total revenue generated in 2020. To leverage the growing adoption of Sclareolide, Symrise has introduced a new product with natural and multipurpose ingredients, i.e., Sclareolide. SymBright contains Sclareolide and offers an even complexion, and fights against hyperpigmentation. It also protects the skin from adverse effects occurred owing to exposure to pollution, blue light, and UV rays. With its proven efficacy against pollution, Sclareolide is increasingly used in lotions, creams, etc.              

Building a Business Case with the Help of Credence Research

Credence Research has remained very influential in helping new entrants, investors and expansion of existing operations of Sclareolide manufacturers. Credence Research offers an in-depth review of the Sclareolide industry in its highly detailed and accurately drafted global Sclareolide market research report. The global Sclareolide market report facilitates the investors and new entrants to make strategic decisions regarding their investment in this industry. The readers can trust insights shared by the Credence Research as it is based on highly credible data sources. The report offers detailed insights on industry competition by including detailed profiles of leading manufacturers, including Haotian, Greenlife, Avoca Inc., Wuhan Dahua, Jinjin, App Chem-Bio, Capot, and Aphios Corporation. It also includes information pertaining to manufacturing technology and the latest trends in the global Sclareolide market.

Frequently asked questions about global Sclareolide industry

Ans: Sclareol 95%, Sclareolide <97%, and Sclareolide >97% are the various types of Sclareolide.

Ans: Cosmetics, Tobacco, Food and Others are various applications of Sclareolide

Ans: Haotian, Greenlife, Avoca Inc., Wuhan Dahua, Jinjin, App Chem-Bio, Capot and Aphios Corporation are the key players operating in this market

Ans: Tobacco offers tremendous opportunities to players

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Apr 2021
Category:  Chemicals
Report ID:   60334
Report Format:   PDF
Pages:   120
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