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The market for sclareol is expanding, owing to the increasing fame of cosmetics. Sclareol is one of the most important ingredients or a key component of the cosmetic industry. Apart from being used in the cosmetic industry it is also used perfumes and as an essence in food products. With growing pace of innovation, the application of sclareol has also increased considerably.
Sclareol is a type of a chemical which as unique fragrance to it. It is primarily found in clary sage (Salvia Sclarea). This has been the source from which its name has originated. This chemical compound has an amber tinted sweet balsamic aroma. It comes under the category of bicyclic diterpene alcohol. As sclareol has a very unique scent it is used in the perfume as well as the essence industries. The increased application of this product had created a global market for it.
Business Research Insights™ predicts that the sclareol market could be worth USD 114 million by the end of 2028. This market is worth 83 million in the year 2022 exhibiting a CARG OF 5.5%.
Impact of COVID-19: Sudden Halt in the Operation of The Industries Reduced the Sclareol Market Growth.
The pandemic of COVID-19 has negatively affected all the industries, market and economies all over the world. Various factors affected the market during the period of pandemic. Strict lockdowns, and social distancing barriers became the major factors restraining the growth of the market. However, during the pandemic many research institutes took the initiative to find advanced cures to the diseases. This pushed the market to a certain extent, but the sudden halt in the operation of the industry brought down its market share during the period of pandemic.
Business Research Insights Presents the Top 5 Sclareol Markets Worldwide
1. Avoca (Ireland)
Avoca is a company which is headquartered in Ireland. It is an online store which provides service as café, store, garden, and mainly as a food market. This company was established in the year 1723. The company provides a wide range of service which includes food, clothing, body care and many other products.
2. Frachem Technologies (China)
Frachem technologies is a Chinese company which is headquartered in Beijing. Reportedly, they are considered as the leading manufacturers of sclareol and sclareol ide. This company is continually involved in carrying out research and development to bring out innovations. They also sell high quality PVDC film packing. Apart from this the food ingredients they sell also brings added values to their customers.
3. Bontoux (U.S.)
Bontoux is one of the most popular suppliers of aromatic ingredients in the U.S. Having been established in the year 1898, it has produced essential oil and supplied natural aromatic ingredients since then. It has an international presence majorly work for the clients from sectors such as perfumery, pharmaceutical, cosmetic, aromatherapy, and food processing. The company adds a French touch to all of its products which makes it more appealing.
4. Elixens (France)
Elixens is a group of company that produces conventional as well as aromatic raw materials, floral waters essential oils, vegetable oils, blends, and herbs. It is based in France but has an international presence due to the good quality products produced by them. It was established in the year 1987 and has many subsidiaries in America and the United Kingdom. It was started as a family-owned company of organic and conventional aromatic raw materials/.
5. Amyris (U.S.)
Amyris is considered as the one of the world’s leading manufacturers of sustainable ingredients. These ingredients are with the help of synthetic biology. They promote natural and environmentally friendly products. They mainly use sugarcane fermentation to convert the sugar found in plants to rare bioidentical molecules. They have pioneered the art pf clean and sustainable chemistry.
Increasing Usage of Sclareol in The Healthcare Industry to Drive the Market Growth
Sclareol is an important component of the cosmetic, perfume, as well as the food industry. Apart from being used in all of these it is also an important component of the healthcare sector. This chemical compound has the capability of treating many diseases such as coronary diabetes, anemia, heart diseases, high blood pressure, and many more diseases. It has the ability to increase the immunity and also fight off infections. As a result, it is increasingly getting adopted in the healthcare industry which is driving the market growth.