Natural Ferulic Acid Market may exceed USD 55 million by 2025; according to a new research report.
Growing urbanization, adoption of poor lifestyles and increasing longevity, primarily in China and India should lead to an outbreak of chronic diseases and stimulate natural ferulic acid market growth. These countries have witnessed a rise in non-communicable diseases such as diabetes, cancer, respiratory disorders and heart diseases. This product can lower high cholesterol levels, high blood pressure and stimulate heart health which can inhibit development of chronic disorders. Expansion of the middle class and upsurge in obesity rates is likely to boost health concerns and further stimulate product demand.
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Global natural ferulic acid >=98% market should register over 5.5% gains by the end of the foreseeable period. Significant preference for extending the shelf life of convenience food products and increasing consumption of organic food owing to rising health awareness should boost market growth. Natural ferulic acid is routinely used as a food preservative owing to its effectiveness in preventing autoxidation of natural oils and ensure color retention of food items. Growing demand for ready-to-eat products owing to fast paced lifestyles and rise in consumer disposable income should further stimulate market growth.
North America, led by Canada, Mexico and the U.S. natural ferulic acid market surpassed USD 5.5 million in 2018 majorly owing to significant demand for organic lotions, moisturizers, masks & soaps and rise of geriatric population. The substance functions as a natural antioxidant which rejuvenates the skin, fights free radicals responsible for the aging process and boost the antioxidant action of other cosmetic ingredients such as vitamins C & E. increasing demand for anti-aging skin products among the youth to fight acne, prevent onset of wrinkles and remove dark spots caused by exposure to sunlight should accelerate market growth.
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Global natural ferulic acid market share is highly competitive and includes several manufacturers such as Zhonglan Industry, Kowa India, Haihang, Kingherbs, Cayman Chemical and Blue California. Various manufacturers are expanding production capacity to meet rising demand and certain end-use industries are launching new products with innovative formulations which should stimulate natural ferulic acid market growth.