Natural Ferulic Acid Market Size

Natural Ferulic Acid Market Size

Natural ferulic acid market will grow at a CAGR of 6.7% by 2025 and industry expects consumption at over 750 tons from 2019 to 2025 owing to the growing demand for anti-aging creams owing to significant product innovation and rise in elderly population.

This product plays a vital role in preventing free radical formation and enhancing the effectiveness of various antioxidants such as vitamins C, E and A. It is routinely added to anti-aging serums pertaining to its efficiency in reducing wrinkles and age spots. Global anti-aging market size is likely to exceed USD 300 billion by 2025, owing to rising demand for dermal fillers and booming medical tourism sector which indicates ample growth opportunities. Increasing spending on personal care products on account of rising income and rising stress wing to fast-paced lifestyles should further accelerate the natural ferulic acid market growth.

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Increasing health awareness and changing lifestyles should promote the adoption of natural ferulic acid in packaged food industry. Global packaged food market size surpassed USD 2.5 trillion in 2018 owing to rising awareness regarding food hygiene which is an indicator of tremendous growth potential. It is essential for avoiding coronary diseases and lowering cholesterol levels on account of its antioxidizing property. It also plays a key role in preventing food discoloration and bacterial contamination. Growing demand for packaged baby food owing to rise in the number of working parents and increasing consumption of natural baked products should augment the natural ferulic acid market share.

The possibility of developing an allergic reaction to ferulic acid owing to a pre-existing allergy to its raw materials such as corn, barley and wheat may hamper market growth. This may result in rash, hives, redness, skin peeling and itchiness. The product may also cause respiratory distress and aggravate medical conditions such as chronic bronchitis and emphysema upon inhalation. However, most cosmetic manufacturers ensure on sourcing natural ingredients which minimizes these adverse health effects and should boost market growth.