by The ferulic acid market is experiencing significant growth on account of rising nutraceutical applications of this plant-derived compound. Ferulic acid is an aromatic acid that helps prevent oxidative stress and has anti-inflammatory properties. Ferulic acid supplements have been shown to help lower blood pressure, cholesterol levels, and blood glucose levels.
The global ferulic acid market is estimated to be valued at US$83.7 million in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period between 2024 to 2031.
Ferulic acid is commonly found in cereal grains such as rice bran, wheat, oats and barley bran. It helps improve gluten tolerance when added to bread. Ferulic acid also acts as a natural antioxidant and preservative that enhances shelf life and quality of baked goods and snacks. The bright yellow color of ferulic acid further contributes to its food colorant applications. The health benefits of ferulic acid coupled with its natural sourcing has led to rising popularity in nutraceuticals and functional foods & beverages.
Key Takeaways
Key players operating in the ferulic acid market are Hubei Nanjian Technology Co., Ltd., Shaanxi Pioneer Biotech Co., Ltd., ChemFaces, Zhejiang Jianfeng Chemical Co., Ltd., Shanghai Huayi Chemical Co., Ltd., Hunan Sunfull Bio-tech Co., Ltd., Xian Yuensun Biological Technology Co., Ltd., Shaanxi Jintai Biological Engineering Co., Ltd., Xi’an Natural Field Bio-Technique Co., Ltd., Biosynth Carbosynth, Chengdu Biopurify Phytochemicals Ltd., Alfa Aesar, Acros Organics, Thermo Fisher Scientific, Merck KGaA, Santa Cruz Biotechnology, Tocris Bioscience, Fisher Scientific, Sigma-Aldrich, and Hunan Huitai Pharmaceutical Co., Ltd.
Ferulic Acid Market size is growing significantly due to its wide applications across industries such as food & beverages, nutraceuticals, cosmetics, and others. Ferulic acid acts as a powerful antioxidant, providing anti-aging benefits, thereby witnessing increasing demand from the skincare and cosmetics sector. Global expansion of key players operating in the ferulic acid market along with growing awareness regarding health benefits of ferulic acid is further expected to drive the market growth over the forecast period.
Market Key Trends
One of the major trends observed in the ferulic acid market is the growing popularity of nutraceutical applications due to its antioxidant and anti-inflammatory properties. Ferulic acid is used extensively in supplements for cardiovascular health, diabetes management, neurodegenerative disease prevention and other healthcare applications. Manufacturers are focusing on developing innovative delivery forms such as capsules, tablets and gels to improve absorption and efficacy of ferulic acid supplements. This rising demand from the nutraceutical industry is expected to significantly contribute to the revenue growth of the global ferulic acid market in the coming years.
Porter’s Analysis
Threat of new entrants: Low barriers to entry due to availability of raw materials and technology. However, established players have economies of scale.
Bargaining power of buyers: Moderate bargaining power due to availability of substitutes. Buyers can negotiate on price and quality standards.
Bargaining power of suppliers: High bargaining power due to limited number of raw material suppliers and differentiated nature of inputs. Suppliers can influence prices.
Threat of new substitutes: Ferulic Acid Market Challenges and Opportunitie arises as possesses unique properties and applications in the nutraceuticals and cosmetics industries.
Competitive rivalry: High as major players compete on pricing, quality, and innovation.
Geographical Regions
The North American market accounted for the largest share in terms of value due to increased demand for nutraceuticals and dietary supplements. Region is expected to grow at a CAGR of around 6.5% during the forecast period.
The Asia Pacific region is expected to be the fastest growing market during the forecast period driven by growth in cosmetics industry in China, Japan, and India. Increasing health consciousness is also a key factor driving demand. Region is estimated to expand at over 8% CAGR between 2024-2031.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya
Ravina Pandya,Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. LinkedIn
