Global Carvone Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Carvone is a member of a family of chemicals called terpenoids. Carvone is found naturally in many essential oils, but is most abundant in the oils from seeds of caraway (Carum carvi), spearmint (Mentha spicata), and dill.
Carvone forms two mirror image forms or enantiomers: R-(ﾖ)-carvone smells like spearmint leaves. Its mirror image, S-(+)-carvone, smells like caraway seeds. The fact that the two enantiomers are perceived as smelling different is evidence that olfactory receptors must contain chiral groups, allowing them to respond more strongly to one enantiomer than to the other. The two forms are also referred to by the older names of laevo (L) referring to R-(ﾖ)-carvone, and dextro (D) referring to S-(+)-carvone.
Though spearmint oil contains about 60% of Carvone, however, in this report, we do not calculate that as Carvone. The target of the report is carvone that recognized in the industry as high purity carvone.
According to our (Global Info Research) latest study, the global Carvone market size was valued at USD 55 million in 2022 and is forecast to a readjusted size of USD 71 million by 2029 with a CAGR of 3.9% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
China and India have taken 78% of world carvone production, and USA took 16% of world carvone production. Carvone is a highly concentrated industry with limited manufacturers competing in this market. The top three producers, Paramount Aromachem, Wanxiang International and Renessenz accounted for 81% of the market.
The demand of carvone is concentrated in China, India, USA and EU. The consumption of carvone in China was 32%, ahead of other regions.
This report is a detailed and comprehensive analysis for global Carvone market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Carvone market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2018-2029
Global Carvone market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2018-2029
Global Carvone market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2018-2029
Global Carvone market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Carvone
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Carvone market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Paramount Aromachem, Renessenz, Gem Aromatics, Shree Bankey Behari Lal Aromatics and Wanxiang International, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Carvone market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    L-Carvone
    D-Carvone
Market segment by Application
    Daily Use Chemical Essence
    Food Additive
    Pharmaceutical
    Agricultural
    Others
Major players covered
    Paramount Aromachem
    Renessenz
    Gem Aromatics
    Shree Bankey Behari Lal Aromatics
    Wanxiang International
    Jishui County Shunmin Medicinal
    Lvchang Chemical
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Carvone product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Carvone, with price, sales, revenue and global market share of Carvone from 2018 to 2023.
Chapter 3, the Carvone competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Carvone breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Carvone market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Carvone.
Chapter 14 and 15, to describe Carvone sales channel, distributors, customers, research findings and conclusion.