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Ferulic Acid Market
Ferulic Acid Market
Published date: May 2023 • Report Code: 27596
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  • Home » Food and Beverage Industry Market Reports » Ferulic Acid Market

Ferulic Acid Market

Ferulic Acid Market Forecast, Trend Analysis & Competition Tracking - Global Industry Insights 2015 to 2031

  • 27596

  • May 2023

  • 183

  • Format PDF Format XLS Format PPT

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  • Food and Beverages

This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page

  • Report Details
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  • Major Market Players
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  • Demand for Ferulic Acid from 2015 to 2020 Vs. Future Market Projections for 2021-2031

    From 2015 to 2020, sales of ferulic acid have increased at a stable rate, expanding at over 5% CAGR.

    Ferulic acid, or the compound 4-hydroxy-3-methoxycinnamic acid, is one of the most abundantly available phenolic acids found in plants and some foods. These acids are commonly found in plants such as wheat, rice, oats, apples, artichokes, coffee, peanuts, etc. In addition, ferulic acid is found as ester cross-links with polysaccharides in the cell wall, such as pectin in spinach, arabinoxylans in grasses, and sugar beet and xyloglucans in bamboo. Owing to its phenolic nucleus and an extended side chain conjugation (proteins and carbohydrates), ferulic acid readily forms a resonance stabilized phenoxy radical that accounts for its potent antioxidant potential.

    Ferulic acid is used to prevent discoloration of green tea, maintain the color tone of green peas, and prevent oxidation of bananas, therefore reducing bacterial contamination. It is also used to protect human skin from U.V. radiation. Thus, ferulic acid is widely used in cosmetics applications to absorb the long U.V. wavelength, as sunscreen or as a whitening agent. It also works as an anti-inflammatory agent, an apoptosis inhibitor, and a cardioprotective agent due to its structural characteristics. Food supplementation with ferulic acid and curcumin is considered a nutritional method to reduce oxidative damage and amyloid pathology in Alzheimer's disease.

    Global Ferulic Acid Market Revenue Outlook:

    The global ferulic acid market is valued at US$ 60 Mn in 2020 and is projected to register а САGR of close to 6% by 2031.

    Increasing demand for ferulic acid in healthcare for various treatments such as colon cancer, diabetic damage to the liver, inflammation, pancreas, kidneys and Parkinson's disease is among some other factors increasing the growth of the target market. Additionally, it is used for treating atherosclerosis and thrombosis by decreasing cholesterol levels. Moreover, increasing access to healthcare facilities and manufacturers' efforts to decrease drug prices and develop innovative products is likely to drive the target market growth further globally.

    Growth in the demand for cosmetic products such as anti-aging cream is anticipated to propel the development of the ferulic acid market globally, as the benefit of antioxidant, anti-allergic, antimicrobial properties protects skin from wrinkles and various other signs of aging. In addition, an increasing number of geriatric population is uplifting the ferulic acid market due to a shift in consumer preference for anti-aging creams and lotions. This acts as one of the factors expected to drive the demand of the ferulic acid market globally.

    Ferulic acid is used as a food preservative in the food processing industry. In the last few years, the demand for preserving canned meat has increased due to ferulic acid's non-toxic nature, which makes it appropriate for usage in the food sector. Moreover, cumulative demand for packaged baby food products due to growth in the number of working parents and growing consumption of natural baked products are factors expected to boost the ferulic acid market growth.

    End-Use Products of Ferulic Acid:

    CompanyProduct SegmentProduct Name
    Skin CeuticalsCosmeticsC E FERULIC®, Phloretin CF
    CiplaPharmaceuticalVC X Serum
    Khadi Global StoreCosmeticsKhadi Global Vitamin C Serum Ferulic Acid
    XXXXXXXXX
    XXXXXXXXX
    XXXXXXXXX
    XXXXXXXXX

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    Import-Export Analysis of Ferulic Acid, under H.S. code 291829, 2016-2020

    The import of ferulic acid (H.S. Code – 291829), including carboxylic acids with phenol function but without other oxygen function, decreased by 1.9% in 2020 to reach a value of US$ XX Bn, while the export decreased by 2.1%. Major importing countries in this category include the U.S., accounting for 12.1% of the total global imports. The U.S. is followed by Germany, Japan, China, and India. Major exporting countries of ferulic acid include China, South Korea, Taiwan, Switzerland and Germany.

    Import (US$ ‘000) of Ferulic Acid (H.S. Code – 291829) by Country, 2016-2020

    Importing Country20162017201820192020
    The USXXX.XXXX.XXXX.XXXX.X103596
    GermanyXXX.XXXX.XXXX.XXXX.XXXX.X
    JapanXXX.XXXX.XXXX.XXXX.XXXX.X
    ChinaXXX.XXXX.XXXX.XXXX.XXXX.X
    IndiaXXX.XXXX.XXXX.XXXX.XXXX.X
    XXXXXX.XXXX.XXXX.XXXX.XXXX.X
    GlobalXXX.XXXX.XXXX.XXXX.X853840

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    Export (US$ ‘000) of Ferulic Acid (H.S. Code – 291829) by Country, 2016-2020

    Exporting Country20162017201820192020
    ChinaXXX.XXXX.XXXX.XXXX.XXXX.X
    South KoreaXXX.XXXX.XXXX.XXXX.XXXX.X
    TaiwanXXX.XXXX.XXXX.XXXX.XXXX.X
    SwitzerlandXXX.XXXX.XXXX.XXXX.XXXX.X
    GermanyXXX.XXXX.XXXX.XXXX.XXXX.X
    XXXXXX.XXXX.XXXX.XXXX.XXXX.X
    GlobalXXX.XXXX.XXXX.XXXX.X845171

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    The imports of ferulic acid declined by 3.6% during the Q2 of 2020 compared to the previous quarter due to the trade restrictions imposed to contain the coronavirus. Nonetheless, the imports stabilized in the Q3-2020, increasing to US$ 187 Mn, gaining by 14.1% from the previous quarter. On the other hand, the exports declined by 15.6% in Q2-2020 of the prior quarter and, post the lockdown relaxations, noted a subsequent growth of 25.7% in Q4-2020.

    Regional Analysis:

    Asia-Pacific is anticipated to hold a significant share of the global ferulic acid market. The region is also expected to register the highest growth rates over the forecast period. Growing cosmetics, food and pharmaceutical production activities in developed and developing economies in the region such as Japan, South Korea, China, India, etc., are expected to increase demand for ferulic acid. Robust growth of the cosmetics industry in China, Japan, and India is also likely to provide lucrative opportunities for the development of the market.

    COVID-19 Impact Analysis:

    The initial lockdown during Q1 and Q2 2020 caused severe disruptions in the supply chain of ferulic acid. Lack of supply of raw materials from major suppliers in China and halts in the movement of finished products stagnated the market growth. The closure of outlets and interrupted retail activities further exacerbated the situation. Relaxation of regulations post the initial lockdown and distribution through online markets helped the market to normalcy.

    Nonetheless, various industry players in the global ferulic acid market are now increasingly focusing on establishing successful collaborations, acquisitions, and joint venture activities to enhance their respective customer bases. These players are also growing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

    Competitive Landscape:

    The ferulic acid market landscape appears highly fragmented, with a significant chunk of it being dominated by players in Asian countries.

    • Cayman Chemical Company, Inc.
    • Zhejiang Delekang Food Co., Ltd.
    • Hunan Huacheng Biotech, Inc.
    • Top Pharm Chemical Group
    • Sisco Research Laboratories Pvt. Ltd.
    • Xian Healthful Biotechnology Co., Ltd.
    • Xi'an App-Chem Bio (Tech) Co., Ltd.
    • CM Fine Chemicals GmbH
    • Suzhou Leader Chemical Co., Ltd.
    • TSUNO CO., LTD.
    • Okayasu Co., Ltd.
    • Oryza Oil & Fat Chemical Co., Ltd.
    • Other Key Players

    Report Scope

    • Forecast Period: 2022-2031
    • Actual Year: 2021
    • Historical Data Available for: 2015-2020

    Key Regions Covered

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

    Key Segments Covered

    Ferulic Acid Market, By Product Type

    • Natural
    • Synthetic

    Ferulic Acid Market, By Application

    • Food
    • Cosmetics
    • Pharmaceuticals

    Attribute Report Details
    Market Size Ask For Market Size
    Growth Rate Ask For Growth Rate
    Key Companies Ask For Companies
    Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more…
    Historical Data Period 2015-2020
    Base Year 2022
    Forecast Period 2022-2031
    Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa
    Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
    Revenue in US$ Mn

    To learn more about this report, request for sample report

    • Cayman Chemical Company, Inc.
    • Zhejiang Delekang Food Co., Ltd.
    • Hunan Huacheng Biotech, Inc.
    • Top Pharm Chemical Group
    • Sisco Research Laboratories Pvt. Ltd.
    • Xian Healthful Biotechnology Co., Ltd.
    • Xi'an App-Chem Bio (Tech) Co., Ltd.
    • CM Fine Chemicals GmbH
    • Suzhou Leader Chemical Co., Ltd.
    • TSUNO CO., LTD.
    • Okayasu Co., Ltd.
    • Oryza Oil & Fat Chemical Co., Ltd.
    • Other Key Players
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