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

Ferulic Acid Market Size and Trends

The global ferulic acid market is estimated to be valued at USD 83.7 Mn in 2024 and is expected to reach USD 136.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

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Ferulic acid is widely used in the food and beverage industry as a preservative. Increasing health consciousness among consumers is prompting food manufacturers to introduce more nutrient enriched food products, which, in turn, is driving the demand for ferulic acid. Moreover, the growing personal care industry and rising awareness regarding skin and hair care is further fueling the adoption of ferulic acid in cosmetic products over the years. Wide applications of ferulic acid across diverse industries along with increased R&D activities to utilize its antioxidant properties in new formulations are some of the key factors that are expected to boost the market growth during the forecast years.

Growing use in skin care and anti-ageing products

Ferulic acid is being increasingly used in various skin care products due to its anti-aging properties. It acts as a natural antioxidant and helps fight premature aging of skin cells caused by free radicals. The compound has been shown to reduce the appearance of fine lines and wrinkles when used topically. It also protects the skin from sun damage by quenching free radicals generated by UV exposure.

With growing health and beauty consciousness among consumers, especially millennials and generation Z, the demand for natural and plant-based anti-aging ingredients in skin care products has increased tremendously. People are more inclined towards ingredients that can offer anti-aging benefits without unnecessary chemicals. Ferulic acid fits well given its natural source from rice bran, corn, coffee, etc. This has prompted personal care product manufacturers to explore new formulations incorporating ferulic acid. Major skin care brands have launched serums, creams, and gels with ferulic acid as the key ingredient.

Rising pollution levels and environment stresses have accelerated skin aging at a much younger age for people living in urban areas. This has boosted self-care and the usage of specialized anti-aging skin care to combat the early formation of fine lines, dark spots, etc. Even mainstream skin care products now advertise anti-aging properties with the addition of botanical extracts like ferulic acid. With extended working hours and digital lifestyle, sleep deprivation has also become common, worsening skin conditions for young adults. This further stimulates the utilization of ferulic acid in various anti-aging skin care portfolios.

Increasing demand from cosmetics industry

The global cosmetics industry has been witnessing solid growth over the past few years driven by increasing spending on personal care products. Rapid urbanization, rising incomes, growing millennial population, and changing life styles have positively impacted the market growth. Cosmetic brands are continuously striving to identify newer active ingredients that can enhance the efficacy of their products. Ferulic acid has emerged as a popular natural constituent meeting this objective.

Its potent antioxidant and anti-inflammatory properties make ferulic acid suitable for various cosmetic formulations. It is being widely utilized in anti-aging cosmetic creams, serums, lotions and gels targeted at skin hydration, reduction of pigmentation and wrinkle treatment. Ferulic acid also helps improve skin firmness and elasticity when used in cosmetics. Some hair care products are incorporating this compound to prevent damage from hair styling tools and promote healthier follicles over time. Even color cosmetics and makeup items now highlight ferulic acid as a key natural ingredient.

Demand for organic and herbal cosmetics is experiencing high growth in developed markets like North America and Western Europe. Consumers are willing to pay premium prices for products with minimal chemical contents and natural compound sourced attributes. Ferulic acid supports this trend by providing skin supporting qualities without artificial preservatives or colors. Rising e-commerce channels have empowered cosmetic brands across the globe to directly promote their products formulated with ferulic acid. This helps effectively communicate the various benefits to shoppers online, propelling sales.