Feb 23, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Natural Ferulic Acid Market.
It was estimated prior to this unanticipated outbreak that the Natural Ferulic Acid Market is likely to witness an impressive CAGR of 6.7% during the forecast period. Growing demand for anti-aging creams, use of natural ferulic acid in anti-aging serums given its abilities in reducing age spots and wrinkles, a significant rise in spending on personal care products are some of the major factors driving the market growth during the forecast period.
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Natural ferulic acid is a phenolic phytochemical which is an important element of various food products as well as medicines. It contains antioxidant and therapeutic properties due to which it finds widespread usage in medicines and food products.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the purity type, the market is segmented as natural ferulic acid <98% and natural ferulic acid >=98%. Natural ferulic acid <98% dominated the market in 2019, owing to its rising usage in the fabrication of vanillin, which is widely used in pharmaceutical and food & beverage industries. In addition, its antioxidant capacity enhances its compatibility for food processing, chocolate, ice cream and baking applications. The increasing demand for proteins, antioxidant-rich products and healthy lifestyles is further expected to boost the market growth during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market driven by the growth in countries such as Japan, India, and China. The growth in the e-retail sector paired with urbanization is creating demand for packaged food. Natural ferulic acid finds its usage in food additives. In addition, rise in the consumption of canned meat accompanied with government initiatives to promote investment in the food sector is further expected to drive the natural ferulic acid market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Natural Ferulic Acid market are-
- Cayman Chemical
- Hunan Huacheng Biotech, Inc.
- Kingherbs Ltd.
- Kowa India Pvt. Ltd.
- Haihang Industry Co., Ltd.
- Oryza Oil & Fat Chemical Co., Ltd.
- Shaanxi Guanjie Technology Co.
- Sisco Research Laboratories Pvt. Ltd.
- Xi’an App-Chem Bio (Tech) Co.
- Zhonglan Industry Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Natural Ferulic Acid analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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