Sclareolide Market to Register 0.8% CAGR and Hit USD 54 MN till 2027

The global sclareolide market generated revenue of around USD 52 million in 2020 and anticipated to grow at a CAGR of over 0.8% during the forecast period from 2021 to 2027 to reach around USD 54 million in 2027.

Sclareolide is a high-purity natural product extracted from Salvia sclarea, cigar tobacco, and Salvia yosgadensis, among other plants. Salvia sclarea extracts are used as fragrances in perfumes and cosmetics, as well as food flavoring agents. Sclareolide is used to make salvia sclarea extracts. Salvia sclarea extracts have also been shown to destroy human leukemic cells and colon cancer cells by inducing apoptosis.

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Key Trends in Global Sclareolide Market

High Adoption Rate in Health Industry

Factor driving demand for high purity sclareolide in the health care sector is an increase in acceptance of high purity sclareolide in the health care industry, owing to its ability to prevent and treat coronary heart disease, climacteric syndrome, diabetes, anemia, and high blood pressure.

Increased understanding of the benefits of high purity sclareolide, such as improved immunity and resistance to infection, is expected to boost the global high purity sclareolide market in the near future.

Global Sclareolide Market by Type Insights

Sclareol 95%, Sclareolide <97%, and Sclareolide >97% are the various types of Sclareolide. In 2020, Sclareolide <97% accounted for the largest share of sclareolide market.  

Global Sclareolide Market by Application Insights

Global sclareolide market is segmented based on application as Cosmetics, Tobacco, Food and Others. Tobacco accounted for the largest share of the sclareolide market in 2020.

Global Sclareolide Market by Regional Insights

Asia Pacific is expected to be a significant region in the global high purity sclareolide market in the forthcoming years. Surge in demand for high purity sclareolide in the cosmetic and food industries is expected to increase in countries like China and India. Furthermore, due to a strong demand for high purity sclareolide-based advanced medical treatment products and a rise in the population’s disposable income, demand for health care products is growing in Asia Pacific countries.

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Global Sclareolide Market Competitive Landscape

Most prominent players in the global sclareolide market include Haotian, Greenlife, Avoca Inc., Wuhan Dahua, Jinjin, App Chem-Bio, Capot and Aphios Corporation. The report covers very detailed profiles of these key players.

Market Segmentation

Global Sclareolide Market by Type, 2015 – 2027

· Sclareol 95%

· Sclareolide <97%

· Sclareolide >97%

Global Sclareolide Market by Application, 2015 – 2027

· Cosmetics

· Tobacco

· Food

· Others

Global Sclareolide Market by Region, 2015 – 2027

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East and Africa

Global Sclareolide Market: Key Players

· Haotian

· Avoca Inc

· Greenlife

· App Chem-Bio

· Wuhan Dahua

· Capot

· Jinjin

· Aphios Corporation

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