Worldwide natural ferulic acid market is anticipated to exceed US $55 million by the year 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
Developing nations like India and China are witnessing growing urbanization, longer lifespans, and poor lifestyle choices leading a large population pool to encounter varied chronic as well as non-communicable diseases like cancer, heart diseases, respiratory disorders, and diabetes among others. This has led to an ascent in the demand for natural ferulic acid on account of its ability to control blood pressure, stimulate heart health, and lower cholesterol levels, thereby inhibiting chronic ailments. Other factors stimulating the growth of natural ferulic acid market includes the surge of middle class and growing obesity around the globe, cites the study.
The global natural ferulic acid market for purity grade >=98% is expected to witness gains of 5.5% over the forecast period, owing to its application as food preservative. The product prevents autoxidation of natural oils and aids color retention in food products. The hectic lifestyle along with higher disposable income has increased the demand for ready-to-eat food products which, in turn boosts the product demand. Other factors driving the market growth are the rising awareness about the consumption of organic foods and the preference for longer shelf life of convenience products.
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Based on the regional study, the report cites that North America natural ferulic acid market generated revenue of US $5.5 million in 2018 owing to the increase of geriatric populace and rising demand for soaps, moisturizes, lotions, and masks in the US, Mexico and Canada. The product finds its significance in cosmetic industry because it acts as a natural antioxidant rejuvenating skin, an anti-aging agent fighting free radicals, and an action booster for vitamins E & C. Increasing demand for skin care products among youth to defy wrinkles, acne, and dark spots promotes market profitability.
The global contenders of the natural ferulic acid market are investing heavily on R&D of new formulations for introducing innovative products and increasing their production capacity to meet the rising product demand, cites the report. The key players profiled in the report include Haihang, Blue California, Zhonglan Industry, Kingherbs, Kowa India, and Cayman Chemical.