QYResearch: Global Terpenes Market wil reach 688.54 million USD in the end of 2022
QYResearch
According to QYResearch, The global Terpenes market is valued at 474.33 million USD in 2016 and is expected to reach 688.54 million USD by the end of 2022, growing at a CAGR of 6.41% between 2016 and 2022.
In recent years, with the increasing demand, the consumption of Terpenes increased at a stable speed. During 2012~2016, the global sales growth rate is larger than 5% every year.
Now, investors are still optimistic about the Terpenes industry. In the next few years, more and more enterprises will enter this industry and the sales growth rate is forecasted to be about 5.63%.
Despite the decreasing gross margin of integrated development model, more and more enterprises will attempt to front-end and back-end integration.
Although sales of Terpenes brought a lot of opportunities, the QYResearch study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Terpenes field.
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