Global Terpenes
Market Report
2025
The global terpenes market size will be USD 1151.5 million in 2025. Increasing consumer demand for natural and organic products is expected to boost sales to USD 1999.19 million by 2033, with a Compound Annual Growth Rate (CAGR) of 8.20% from 2025 to 2033.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global terpenes market size will be USD 1151.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.20% from 2025 to 2033.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Terpenes Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Terpenes are a diverse class of organic compounds found in plants, particularly in essential oils, which contribute to their aroma, flavor, and potential therapeutic properties. They are widely used in industries such as food and beverages, cosmetics, pharmaceuticals, and aromatherapy due to their natural fragrance, antioxidant, anti-inflammatory, and other health benefits. The terpenes market has seen significant growth in recent years, driven by increasing consumer demand for natural and organic products. The growing preference for sustainable and eco-friendly ingredients, coupled with the rise of wellness and natural remedy trends, has further fueled this expansion. Innovations in extraction technologies and the expanding application of terpenes in various sectors are also contributing to the market's ongoing growth.
In July 2024, Terps USA announced the launch of their custom silica glass terp pearls, available in 4mm and 6mm sizes. Crafted to enhance the dabbing experience, these high-quality pearls improved heat distribution and flavor profiles, providing greater efficiency and durability. The innovation promised to transform how enthusiasts enjoyed their concentrates.
(Source:https://www.webwire.com/ViewPressRel.asp?aId=324138)
Advancements in extraction and production technologies are a key factor driving the growth of the terpenes market. As the demand for natural and organic products rises across industries like pharmaceuticals, food, beverages, and cosmetics, the need for efficient and sustainable extraction methods becomes more critical. New technologies, such as supercritical CO2 extraction, steam distillation, and cold pressing, have enhanced the purity, yield, and quality of terpenes, making them more accessible for various applications. These innovations not only reduce production costs but also address environmental concerns by reducing waste and energy consumption. The continued development of these technologies is expected to support the expanding use of terpenes in diverse industries, further driving market growth. For instance, In November 2024, Cali Terpenes announced the expansion of its catalog with eight new terpene profiles designed to revolutionize taste experiences. From the sweet essence of Apple Fritter to the unique freshness of Kush Mintz, their range of aromas grew, offering flavors that elevated products to the next level.
(Source: https://www.caliterpenes.com/blog/en/new-terpene-profiles/)
The use of terpenes in functional foods and beverages is significantly propelling the growth of the terpenes market. As consumers increasingly focus on health and wellness, the demand for functional products that offer therapeutic benefits, such as stress relief, anti-inflammatory properties, and improved digestion, is rising. Terpenes, known for their natural flavoring and health-promoting qualities, are being incorporated into beverages like functional waters, teas, and energy drinks. Additionally, food manufacturers are adding terpenes to enhance flavors while providing functional benefits. This trend aligns with the growing preference for natural and plant-based ingredients in food and beverages, fueling market expansion as consumers seek out healthier and more holistic options.
Variability in terpene purity due to extraction inconsistencies is a significant restraint in the terpenes market. The quality of terpenes can vary based on the extraction methods used, such as steam distillation, cold pressing, or solvent extraction, leading to inconsistent purity levels. This inconsistency can impact the overall product quality, particularly in sectors such as pharmaceuticals, food and beverages, and cosmetics, where precise formulations are critical. Additionally, discrepancies in terpene purity can lead to regulatory challenges and consumer dissatisfaction. As a result, ensuring standardized extraction processes and improving quality control measures will be key to overcoming this challenge and fostering market growth.
The surge in the adoption of terpenes in eco-friendly cleaning products is a significant trend in the terpenes market. As consumers increasingly seek sustainable, non-toxic alternatives to traditional cleaning products, manufacturers are turning to natural terpenes for their powerful cleaning, antimicrobial, and deodorizing properties. Terpenes derived from citrus, pine, and other botanicals are being incorporated into eco-friendly cleaners to provide effective performance while maintaining environmental friendliness. The use of these natural ingredients aligns with the growing preference for chemical-free, biodegradable solutions that reduce exposure to harmful substances. As the demand for green products continues to rise, the integration of terpenes into cleaning formulations is expected to expand within the market.
The expansion of the aromatherapy and essential oils market has significantly contributed to the growth of the terpenes market. Terpenes are key components in essential oils, providing therapeutic and aromatic benefits that are integral to aromatherapy. With an increasing number of consumers turning to natural wellness solutions, the demand for essential oils rich in terpenes is growing. These oils are used for stress relief, mood enhancement, and various health benefits, making terpenes an essential ingredient in aromatherapy. Additionally, the focus on mental and physical well-being is driving the adoption of terpenes in various personal care products, further expanding the market. This trend aligns with the broader shift toward natural alternatives in health and wellness.
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The competitive landscape of the terpenes market is characterized by a mix of established players and emerging companies. Key market participants are focusing on innovation, sustainable sourcing, and expanding product portfolios. Collaborations, strategic partnerships, and acquisitions are common strategies to strengthen market position. Companies are also investing in advanced extraction technologies to improve terpene purity and yield.
In January 2021, Berner launched an innovative new product line that combined medicinal mushrooms (non-psychedelic), terpenes, CBD, CBG, and CBN for a non-psychoactive, uplifting experience. An iteration containing THC was expected to be launched across Cookies dispensaries. (Source: https://www.forbes.com/sites/javierhasse/2021/01/12/berners-cookies-launches-products-combining-cannabinoids-terpenes-and-mushrooms/) In July 2022, Alchemy Jars created the ultimate vacuum-insulated storage device designed to protect cannabis and cannabis concentrates from the summer heat. The company aimed to open new possibilities for brands, consumers, and customers with groundbreaking technology focused on preserving vital terpenes and essential organic compounds. (Source: https://www.globenewswire.com/news-release/2022/07/12/2478309/0/en/Alchemy-Jars-Announces-Innovative-Way-to-Store-and-Protect-Cannabis-from-the-Summer-Heat.html)
Top Companies Market Share in Terpenes Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the terpenes market due to its well-established industries such as food and beverages, cosmetics, and pharmaceuticals. The region's growing consumer preference for natural and sustainable ingredients has driven the adoption of terpenes. Additionally, strong regulatory frameworks, advanced extraction technologies, and a focus on innovation in terpene-based applications further reinforce North America's leading position in the global market.
Asia Pacific is the fastest-growing region in the terpenes market, driven by increasing demand for natural ingredients across industries such as food and beverages, personal care, and pharmaceuticals. Rising consumer awareness of wellness, sustainability, and eco-friendly products further accelerates this growth. Innovations in extraction techniques and expanding applications of terpenes in various sectors also contribute to the region's rapid market expansion.
The current report Scope analyzes Terpenes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Terpenes market size was estimated at USD 1151.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 460.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2033.
According to Cognitive Market Research, the US had a major share in the Terpenes market with a market size of USD 363.41 million in 2025 and is projected to grow at a CAGR of 6.2% during the forecast period. The US holds a major share in the terpenes market due to strong demand in multiple industries.
The Canadian terpenes market had a market share of USD 55.27 million in 2025 and is projected to grow at a CAGR of 7.2% during the forecast period. Canada's terpenes market is rapidly growing due to rising demand for pharmaceuticals and natural cosmetics products.
The Mexico Terpenes market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 41.91 million in 2025..
According to Cognitive Market Research, the global Terpenes market size was estimated at USD 1151.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 345.45 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033.
The United Kingdom Terpenes market had a market share of USD 58.04 million in 2025 and is projected to grow at a CAGR of 7.5% during the forecast period. The UK leads the terpenes market due to rising demand for pharmaceuticals and natural personal care products.
The France Terpenes market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 31.78 million in 2025.
According to Cognitive Market Research, the German Terpenes market size was valued at USD 68.40 million in 2025 and is projected to grow at a CAGR of 6.9% during the forecast period. Germany’s terpenes market experiences growth due to expanding applications in pharmaceuticals and rising demand for natural products.
The Italy Terpenes market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 29.71 million in 2025.
The Russian terpenes market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 53.54 million in 2025
The Spain Terpenes market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 28.33 million in 2025
The Luxembourg Terpenes market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 10.71 million in 2025.
The Portugal Terpenes market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 7.25 million in 2025
The Greece Terpenes market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 4.15 million in 2025.
The Rest of Europe's Terpenes market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 53.54 million in 2025.
According to Cognitive Market Research, the global Terpenes market size was estimated at USD 1151.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 264.85 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2033.
According to Cognitive Market Research, the China Terpenes market size was valued at USD 111.23 million in 2025 and is projected to grow at a CAGR of 9.7% during the forecast period. China accounts for the largest share in the terpenes market due to high demand in pharmaceuticals and cosmetics.
The Japan Terpenes market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 36.55 million in 2025
The India Terpenes market had a market share of USD 31.78 million in 2025 and is projected to grow at a CAGR of 12.0% during the forecast period. India’s terpenes market is rapidly growing due to expanding demand for natural products in various industries.
The South Korean Terpenes market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 26.48 million in 2025
The Australian Terpenes market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 13.77 million in 2025
The South East Asia Terpenes market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 18.27 million in 2025.
The Taiwan Terpenes market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 8.48 million in 2025.
The Rest of Asia Pacific Terpenes market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 18.27 million in 2025.
According to Cognitive Market Research, the global Terpenes market size was estimated at USD 1151.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 57.58 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2025 to 2033.
According to Cognitive Market Research, the Brazil Terpenes market size was valued at USD 24.64 million in 2025 and is projected to grow at a CAGR of 8.2% during the forecast period. Brazil dominates the terpenes market due to its large natural resource base and growing demand for sustainable products.
Argentina's Terpenes market had a market share of USD 9.67 million in 2025 and is projected to grow at a CAGR of 8.5% during the forecast period. Argentina’s terpenes market is growing due to rising demand for natural ingredients in personal care and wellness products.
Colombia Terpenes market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 5.12 million in 2025
Peru Terpenes market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 4.72 million in 2025.
Chile Terpenes market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 4.15 million in 2025
The Rest of Latin America's Terpenes market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 9.27 million in 2025.
According to Cognitive Market Research, the global Terpenes market size was estimated at USD 1151.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 23.03 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033..
The GCC Countries Terpenes market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 9.86 million in 2025. GCC Countries control the terpenes market due to strong demand for natural ingredients in fragrances and personal care products.
The Egypt Terpenes market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 2.42 million in 2025.
The South African terpenes market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 3.64 million in 2025. South Africa’s terpenes market is set to flourish due to rising interest in natural products for health and wellness.
The Turkey Terpenes market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 1.98 million in 2025.
The Nigeria Terpenes market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 2.42 million in 2025.
The Rest of the MEA Terpenes market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 2.72 million in 2025
Global Terpenes Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Terpenes Industry growth. Terpenes market has been segmented with the help of its Type Outlook:, Source Outlook: Application Outlook:, and others. Terpenes market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Terpenes Market?
According to Cognitive Market Research, pinene holds a major share in the terpenes market due to its widespread applications across various industries. It is extensively used in pharmaceuticals for its anti-inflammatory and bronchodilator properties. The cosmetic industry utilizes pinene for its pleasant aroma, while the food and beverage sector incorporates it as a natural flavoring agent. Additionally, its role in producing bio-based solvents and resins has further strengthened its presence in the terpenes market.
Linalool is emerging as the fastest-growing segment in the terpenes market due to its widespread applications in multiple industries. Known for its pleasant floral aroma and therapeutic properties, linalool is widely used in personal care products, aromatherapy, and natural fragrances. Its antimicrobial and anti-inflammatory properties have also driven its adoption in the pharmaceutical and wellness sectors. Additionally, increasing consumer preference for natural and sustainable ingredients has further fueled demand for linalool-based products.
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According to Cognitive Market Research, natural terpenes dominate the terpenes market due to their widespread applications in industries such as pharmaceuticals, cosmetics, and food and beverages. Their eco-friendly and sustainable characteristics align with increasing consumer preferences for natural products. Additionally, natural terpenes are favored for their superior aromatic and therapeutic properties, making them ideal for use in essential oils and wellness products. Advances in extraction technologies have further enhanced their availability and application across various sectors.
Synthetic terpenes represent the fastest-growing segment within the terpenes market due to their consistent quality and cost-effectiveness. These terpenes are increasingly utilized in the pharmaceuticals, food, and cosmetics industries as they provide reliable performance and scalability for mass production. Advancements in synthetic biology and chemical synthesis technologies have enabled the creation of diverse terpene profiles, meeting specific industry demands. Their versatility and controlled manufacturing processes are driving their rapid adoption across multiple applications.
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According to Cognitive Market Research, the cosmetics and personal care segment accounts for a dominant share in the terpenes market due to the increasing use of natural ingredients in skincare, haircare, and fragrance products. Terpenes are widely used for their aromatic properties and potential skin benefits, aligning with consumer demand for eco-friendly and organic solutions. The growing preference for clean-label products and the inclusion of natural fragrances in formulations further enhance the segment's prominence in the terpenes market.
The pharmaceuticals segment is the fastest-growing segment in the terpenes market due to increasing research into their therapeutic applications. Terpenes are being explored for their anti-inflammatory, antioxidant, and antimicrobial properties, which make them suitable for developing innovative drug formulations. The demand for plant-based active ingredients in medicines is also contributing to this growth. Rising awareness of natural remedies and advancements in pharmaceutical technologies further support the expansion of terpenes in this segment.
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Conclusion
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Type Outlook: | Myrcene, Limonene, Pinene, Linalool, Other |
Source Outlook: | Natural, Synthetic |
Application Outlook: | Cosmetics & Personal Care, Food & Beverage, Pharmaceuticals, Other Applications |
List of Competitors | Arora Aromatics, Mentha & Allied Products, AOS Products, Kraton, Natural Fractions, Interstate Commodities, Himachal Terepene Products, YASUHARA CHEMICAL, Jiangxi Jishui Xinghua Natural Spice, BASF SE |
This chapter will help you gain GLOBAL Market Analysis of Terpenes. Further deep in this chapter, you will be able to review Global Terpenes Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Terpenes. Further deep in this chapter, you will be able to review North America Terpenes Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Terpenes. Further deep in this chapter, you will be able to review Europe Terpenes Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Terpenes. Further deep in this chapter, you will be able to review Asia Pacific Terpenes Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Terpenes. Further deep in this chapter, you will be able to review South America Terpenes Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Terpenes. Further deep in this chapter, you will be able to review Middle East and Africa Terpenes Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Terpenes. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Source Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Application Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Terpenes market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Myrcene have a significant impact on Terpenes market? |
What are the key factors affecting the Myrcene and Limonene of Terpenes Market? |
What is the CAGR/Growth Rate of Natural during the forecast period? |
By type, which segment accounted for largest share of the global Terpenes Market? |
Which region is expected to dominate the global Terpenes Market within the forecast period? |
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