Acumen Research and Consulting, a global provider of market research studies, in a latest published report titled “Ferulic Acid Market (Type: Synthesis, Natural; Application: Food, Cosmetic, Pharmaceutical Intermediates, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, estimates that global ferulic acid market is expected to reach the market value of around $26 million by 2025 and is anticipated to grow at a CAGR of around 5.6% in terms of revenue during the forecasting period 2018 – 2025. The ascent in demand for anti-ageing creams is anticipated to drive the development of worldwide ferulic acid market. Food industry is additionally utilizing ferulic acid as an additive. Normally the cell reinforcement property isn't just restricted to avoid wrinkles, but it battles malignancy too and is useful in restoring diabetes. Ferulic acid displays wide assortment of biological activities, for example, calming, actuation of transcriptional factors, antimicrobial, metal chelation, hostile to unfavorably susceptible, antithrombotic, increment sperm feasibility, flag transduction, regulation of chemical movement and quality articulation. These flexible properties will rebelliously draw in the pharmaceutical sector which will drive the ferulic acid market to a more noteworthy degree.
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China Acquired Largest Market Share In Terms Revenue And Consumption In 2017
China is leading the global ferulic acid market owing to growing population, increased packed food demand, rise in the use of cosmetic products and upsurge in the incidences of numerous diseases. Population in China is growing abruptly and the trend is changing towards fast life, thus increasing the demand for packaged food containing ferulic acid content; ultimately increasing the demand. Due to growing population, the rising incidences of various diseases are witnessed, which has increased the demand for pharmaceuticals in the Chinese market. Increased demand and use of pharmaceuticals has fuelled the ferulic acid market in China. Japan accounts for the second largest share in Asia-Pacific region. Owing to the increasing demand for pharmaceuticals and cosmetics due to rising cases of various diseases is driving the ferulic acid market in this region. Upsurge in the number of skin problems has increased the awareness towards usage of cosmetics and sunscreens in Asia-Pacific market; ultimately increasing the demand for ferulic acid. Owing to the increasing population, the demand for packed food has increase which has fuelled the market; as the ferulic acid is used widely in the preparation of packed food.
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Global ferulic acid market is segmented by type, application and geography. Based on different types, the market is segmented into synthesis, natural. Also, by application, ferulic acid market is further bifurcated into food, cosmetic, pharmaceutical intermediates, others. Based on geography, the market is further classified into North America, Europe, China, Japan, South Korea, India, Rest of World.
Application Insights
Cosmetics market accounts for the largest share in the ferulic acid market. Synthetic ferulic acid is mostly used in the production of cosmetics. Ferulic acid is known to exhibit antioxidant, antimicrobial and anti-inflammatory properties, thus used in the production of the products which are applied topically.
Food industry accounts for second largest share in the total ferulic acid market. Both types of ferulic acid i.e. natural ferulic acid and synthetic ferulic acid are used in production of packed food products. Ferulic acid is known to lower cholesterol levels and prevents coronary diseases. It is also highly antioxidant in nature. Thus, use of ferulic acid in production of packaged food products is increased.
Pharmaceutical intermediate accounts for the 3rd largest share in global ferulic acid market. Ferulic acid is used as building block in the preparation of active pharmaceutical ingredients. It is used as an intermediate in preparation of pharmaceuticals. Due to its wide physical functionality such as hepatoprotective, anticancer, anti-inflammatory and anti-thrombosis properties, it is used as a building block for preparation of active pharmaceutical ingredients in pharmaceuticals for treating cancer, liver diseases, cardiac inflammation and vein thrombosis.
Key Players
The major players profiled in the report include Hubei Yuancheng, Delekang, Healthful International, Xi'an App-Chem Bio(Tech)Co., Ltd, Top Pharm Chemical Group, Shanghai Yuansen Medicine Raw Material Co Ltd, Hunan Huacheng Biotech,Inc., Ankang Beiyida Pharmaceutical Co Ltd Private Company, and Others.
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