Global Ferulic Acid Market By Type (Synthesis, and Natural), By Application (Food, Cosmetic, and Pharmaceutical intermediates), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2029

“Global Ferulic Acid Market” is the title of an upcoming report offered by Market.US. This report on the ferulic acid industry contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. It also covers threats or challenges for existing as well as new entrants in the market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. The global ferulic acid market has been segmented on the basis of product type, application, as well as regions and countries.

The Ferulic Acid Market was valued at UЅD $61.4 Мn in 2020, and is projected to register а САGR of 6.2% over the next 10 years.

Overview:

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Ferulic acid is a hydroxycinnamic acid, an organic compound. It is an abundant phenolic phytochemical present in plant cell walls, covalently bonded as side chains to molecules such as arabinoxylans. As a component of lignin, ferulic acid is a precursor in the manufacture of other aromatic compounds.

Dynamics:

Ferulic acid has the ability to fight free radicals and to improve the efficiency of other antioxidants, such as vitamins A, E, and C. It is due to these characteristics that the demand for this product has been steadily growing, and this is slated to have a significant impact on the revenue growth of the global ferulic acid market in the foreseeable future.

As ferulic acid has anti-allergic, antioxidant, and antimicrobial properties, it is exhaustively used in the cosmetic industry. The increasing adoption of products such as anti-aging creams and lotions, etc., are gradually contributing higher sums each year, and are expected to play a pivotal role in the revenue growth of the global ferulic acid market.

In light of the recent COVID-19 outbreak, the operations of key industry players have either been temporarily halted or are functioning with a minimal workforce. The ferulic acid market is no different. This is expected to have a negative impact on this global industry. However, the increasing usage of ferulic acid in the processing of functional foods & dietary supplements, as well as the increasingly high adoption rate of ferulic acid by the healthcare sector is another primary factor that is expected to fuel market growth of this global industry in the coming years.

Moreover, the increasing efforts are being made by key industry players towards the adoption of ethically sourced, sustainable ingredients in their manufacturing operations. This is expected to have a positive influence on the future revenue growth of the global ferulic acid market.

Segmentation of the global ferulic acid market is as follows:

On the basis of product type, the natural segment accounted for the maximum number of revenue shares (61.8%) of the global ferulic acid market in 2020, and is anticipated to index the highest CAGR over the forecast period. The synthetic segment also accounted for a considerable number of revenue shares of this global market in 2020, and is slated to continue to do so over the next 10 years.

In terms of application, the cosmetic segment accounted for the majority revenue shares of the global ferulic acid market in 2020, and is projected to register the highest CAGR of 6%, with an attractive index of 5.4, over the forecast period. The food segment accounted for the second-highest number of revenue shares of the global ferulic acid market in 2020, and is expected to continue to do so for the years to come.

Regional Segmentation and Analysis:

Markets in the Asia Pacific region accounted for the majority number of revenue shares (40.5%) of the global ferulic acid market in 2019, and is anticipated to remain this market’s front-runner for the remainder of this forecast period. The markets in North America and Europe accounted for the second and third-highest number of revenue shares in 2020, and is indicative of continuing to do so over the next decade.

Segmentation of the Global Ferulic Acid Market:

Segmentation by Product Type:

• Natural
• Synthetic

Segmentation by Application:

• Food
• Cosmetic
• Pharmaceutical Intermediates

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

 Key players profiled in the market report are:

• Cayman Chemical Company Inc.
• Zhejiang Delekang Food Co. Ltd.
• Hunan Huacheng Biotech Inc.
• Top Pharm Chemical Group
• Sisco Research Laboratories Pvt. Ltd
• Xian Healthful Biotechnology Co. Ltd.
• Xi'an App-Chem Bio (Tech) Co. Ltd.
• CM Fine Chemicals GmbH
• Suzhou Leader Chemical Co. Ltd.
• TSUNO CO. LTD.
• Okayasu Co. Ltd.
• Oryza Oil & Fat Chemical Co. Ltd.

For the Ferulic Acid Market research study, the following years have been considered to estimate the market size: