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Global natural ferulic acid <98% market surpassed USD 8.5 million in 2018 owing to growing adoption in the manufacturing of flavoring agent vanillin which finds widespread usage in pharmaceutical, food and beverage industries. The product offers significant antioxidant capacity which increases its suitability for food processing, chocolate, ice cream, and baking. Growing demand for proteins, antioxidant-rich products and healthy lifestyles is likely to further stimulate industry growth.
Global natural ferulic acid <98% market from pharmaceutical applications should register over 6.5% gains by 2025 on account of growing drug affordability and rising health awareness. This substance is routinely used to reduce inflammation, prevent microbial growth, treat diabetes and cancer. It prevents coronary disease, improves sperm viability and masks unpleasant taste and odour of medicines. Significant economic growth, medical innovations and manufacturer’s efforts to target specialty diseases segment should accelerate natural ferulic acid <98% growth.
Global natural ferulic acid >=98% market from food preservative applications is likely to surpass USD 7.5 million in the predicted timeframe pertaining to growing consumption of ready-to-eat food products. It stabilizes and prevents the autoxidation of natural oils in food along with inhibiting growth of pathogenic bacteria such as E. coli, staphylococcus aureus and bacillus subtilis. Rising industrialization and growing demand to enhance shelf life of food products is predicted to accelerate the segment growth.
Global natural ferulic acid >=98% market from cosmetic applications exceeded USD 10 million in 2018 primarily owing to booming e-commerce industry and adverse effects of climatic conditions on skin health. It enhances the delivery of vitamin C in cosmetic products to the skin and prevents its oxidation. This substance absorbs harmful ultraviolet radiations from sunlight and inhibits the formation of melanin, thus preventing darkening. Growing demand for natural ingredients and increasing adoption of fashion products among men should further foster natural ferulic acid >=98% segment growth.
North America driven by Canada, Mexico, and the U.S. should register over 5.5% gains up to 2025 majorly owing to rise in chronic illnesses and significant awareness regarding child health. This product improves lipid profiles, reduces oxidative stress, and lowers the risk of cardiovascular disease, along with reducing free radicals formed in muscles. Growing healthcare costs, increasing preference for preventive healthcare and significant technological advancement should further stimulate the natural ferulic acid market revenue in the region.
Europe led by Germany, UK and France surpassed USD 4.5 million in 2018 pertaining to growth in innovative healthcare treatments and personalized medicines. It plays a vital role in the treatment of alzheimer’s disease, diabetes, atherosclerosis, cancer and cardiovascular disease. Increasing adoption of biopharmaceuticals and low tax & interest rates in the region is predicted to accelerate the natural ferulic acid market share.
Asia Pacific led by Japan, India, and China should exceed USD 30 million by 2025 on account of rising demand for packaged food owing to significant urbanization and online retail sector growth. This product is routinely used as a food additive on account of its ability to prevent photo-oxidation of ingredients and non-toxicity which increases its suitability for cereals, dried fruits, juices and soy products. Growing canned meat consumption pertaining to its low cost along with increasing government schemes to promote investment in the food sector should promote the natural ferulic acid market.