The global ferulic acid market is estimated to be valued at USD 83.7 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. Ferulic acid is a phenolic compound derived from various plants. It has anti-oxidant and anti-inflammatory properties that protect cells from damage. Ferulic acid finds application in various industries including pharmaceutical, nutraceutical, cosmetic, and food & beverage. Rising health consciousness among consumers has boosted the demand for nutraceutical and functional food products containing ferulic acid as an active ingredient. The growing pharmaceutical industry in Asia Pacific and North America is also driving the ferulic acid market growth.
Market Dynamics:
The global ferulic acid market is driven by increasing demand from the nutraceutical and pharmaceutical industries. Rising prevalence of lifestyle diseases and growing health concerns have increased the adoption of dietary supplements containing ferulic acid. However, high cost of extraction from natural sources is a major challenge for market players. The growing pharmaceutical industry in emerging economies presents a significant opportunity for manufacturers. Regionally, Asia Pacific dominates the market owing to a large nutraceutical industry and rising healthcare spending in China and India. North America is another major consumer due to an expanding functional food sector in the region. Stringent regulations and availability of alternatives also restrain the market growth.
Key Features of the Study:
- This report provides in-depth analysis of the global ferulic acid market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- Key companies covered as a part of this study include Hubei Nanjian Technology Co., Ltd., Shaanxi Pioneer Biotech Co., Ltd., ChemFaces, Zhejiang Jianfeng Chemical Co., Ltd., Shanghai Huayi Chemical Co., Ltd., Hunan Sunfull Bio-tech Co., Ltd., Xian Yuensun Biological Technology Co., Ltd., Shaanxi Jintai Biological Engineering Co., Ltd., Xi'an Natural Field Bio-Technique Co., Ltd., Biosynth Carbosynth, Chengdu Biopurify Phytochemicals Ltd., Alfa Aesar, Acros Organics, Thermo Fisher Scientific, Merck KGaA, Santa Cruz Biotechnology, Tocris Bioscience, Fisher Scientific, Sigma-Aldrich, and Hunan Huitai Pharmaceutical Co., Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global ferulic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ferulic acid market
Detailed Segmentation-
- By Source Insights (Revenue, USD Mn, 2019 - 2031)
- Natural Sources
- Synthetic Sources
- By Application Insights (Revenue, USD Mn, 2019 - 2031)
- Cosmetics and Personal Care
- Food and Beverages
- Pharmaceuticals
- Animal Feed
- Others
- By Form Insights (Revenue, USD Mn, 2019 - 2031)
- By Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Hubei Nanjian Technology Co., Ltd.
- Shaanxi Pioneer Biotech Co., Ltd.
- ChemFaces
- Zhejiang Jianfeng Chemical Co., Ltd.
- Shanghai Huayi Chemical Co., Ltd.
- Hunan Sunfull Bio-tech Co., Ltd.
- Xian Yuensun Biological Technology Co., Ltd.
- Shaanxi Jintai Biological Engineering Co., Ltd.
- Xi'an Natural Field Bio-Technique Co., Ltd.
- Biosynth Carbosynth
- Chengdu Biopurify Phytochemicals Ltd.
- Alfa Aesar
- Acros Organics
- Thermo Fisher Scientific
- Merck KGaA
- Santa Cruz Biotechnology
- Tocris Bioscience
- Fisher Scientific
- Sigma-Aldrich
- Hunan Huitai Pharmaceutical Co., Ltd.
