Coumarin Industry Size, Share, Demand & Growth

The global coumarin market is on a trajectory of impressive growth, with Future Market Insights projecting a market value of approximately USD 356.05 million by the end of 2033. This growth, driven by various sectors, reflects a Compound Annual Growth Rate (CAGR) of 7% from 2022 to 2032, with the market valued at USD 181 million in 2023.

Coumarin is a fragrant organic compound with a sweet scent, typically found in several plants, including cinnamon, tonka beans, and sweet clover. Its chemical structure lends itself to diverse applications, making it a valuable asset in multiple industries. Coumarin is renowned for its use in the fragrance and flavoring sectors, as well as its medicinal properties, which contribute to its rising populari