The global Carvone market was valued at US$ 55 million in 2022 and is projected to reach US$ 71 million by 2029, at a CAGR of 3.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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-(–)-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-(–)-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.

This report aims to provide a comprehensive presentation of the global market for Carvone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Carvone. This report contains market size and forecasts of Carvone in global, including the following market information:

• Global Carvone Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global Carvone Market Sales, 2018-2023, 2024-2029, (MT)
• Global top five Carvone companies in 2022 (%)

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.

We surveyed the Carvone manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Carvone Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)

Global Carvone Market Segment Percentages, by Type, 2022 (%)

• L-Carvone
• D-Carvone

Global Carvone Market Segment Percentages, by Application, 2022 (%)

• Daily Use Chemical Essence
• Food Additive
• Pharmaceutical
• Agricultural
• Others

Global Carvone Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Carvone revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Carvone revenues share in global market, 2022 (%)
• Key companies Carvone sales in global market, 2018-2023 (Estimated), (MT)
• Key companies Carvone sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Paramount Aromachem
• Renessenz
• Gem Aromatics
• Shree Bankey Behari Lal Aromatics
• Wanxiang International
• Jishui County Shunmin Medicinal
• Lvchang Chemical

Outline of Major Chapters: Chapter 1: Introduces the definition of Carvone, market overview.

Chapter 2: Global Carvone market size in revenue and volume.

Chapter 3: Detailed analysis of Carvone manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Carvone in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Carvone capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports
1.1 Carvone Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Carvone Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Carvone Overall Market Size
2.1 Global Carvone Market Size: 2022 VS 2029
2.2 Global Carvone Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Carvone Sales: 2018-2029
3 Company Landscape
3.1 Top Carvone Players in Global Market
3.2 Top Global Carvone Companies Ranked by Revenue
3.3 Global Carvone Revenue by Companies
3.4 Global Carvone Sales by Companies
3.5 Global Carvone Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Carvone Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Carvone Product Type
3.8 Tier 1, Tier 2 and Tier 3 Carvone Players in Global Market
3.8.1 List of Global Tier 1 Carvone Companies
3.8.2 List of Global Tier 2 and Tier 3 Carvone Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Carvone Market Size Markets, 2022 & 2029
4.1.2 L-Carvone
4.1.3 D-Carvone
4.2 By Type - Global Carvone Revenue & Forecasts
4.2.1 By Type - Global Carvone Revenue, 2018-2023

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