FERULIC ACID MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

One of the key challenge for the global ferulic acid market is the high manufacturing and processing costs associated with ferulic acid production. Ferulic acid is extracted from plants through hydrothermal treatment or enzymatic hydrolysis which requires sophisticated equipment and technologies. This extraction process is complex and yields a low concentration of ferulic acid which increases the production costs. Further purification through column chromatography also adds to the costs. Meeting the quality standards for food-grade ferulic acid approved by regulatory bodies comes at a higher cost. With ferulic acid prices being high, its applications get limited only to premium products. Market players need to focus on developing low-cost and efficient extraction methods through continuous research and innovations to reduce the manufacturing costs and tackle this challenge in order to boost the demand and growth of the ferulic acid market.

Market Opportunities: Growing consumer preference for herbal and natural ingredients

One of the major opportunities for the global ferulic acid market is the growing consumer preference for herbal and natural ingredients. With rising health awareness, consumers are shifting towards natural products that have various nutritional and medicinal benefits. Ferulic acid is gaining popularity due to its potent antioxidant properties and various health benefits like anti-aging, skin protection, heart health support, etc. Food and beverage manufacturers are increasingly using ferulic acid as a natural preservative and antioxidant in various products like functional drinks, bakery items, confectioneries, etc. The personal care industry is also incorporating ferulic acid in anti-aging creams, lotions, and other skin care products due to its ability to fight free radicals. This increasing demand and applications of ferulic acid from industries catering to natural products present significant opportunities for the market to grow in the coming years.