Valencene Market 2023, by Services, Company Profiling, Business Revenue, and Growth Opportunities to 2033
According to a recent FMI report, the global valencene market is expected to grow at a CAGR of 5.2% . The market value is anticipated to increase from US$ 5.5 Mn in 2023 to US$ 9.2 Mn by 2033. Valencene is a natural compound found in Valencia oranges and is used as a flavoring agent in the food & beverage industry. Rising demand for natural food & beverage ingredients and growing awareness about various health benefits of valencene are the major factors driving sales in the global market. However, the high cost of valencene and stringent regulations regarding its use are restraining growth in this market to some extent. Valencene is used in various applications such as beverages, desserts, savory dishes, and others. Moreover, valencene is considered to be the primary flavor compound in the popular citrus beverage named Orangina. It is also used as a flavoring agent in a wide variety of food and beverage products, including s...
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