Global Ursolic Acid Market, By Product Type (25% Ursolic Acid, 50% Ursolic Acid, 90% Ursolic Acid, 98% Ursolic Acid, Others), Source (Holy Basil (Tulsi), Elderflowers, Peppermint Leaves, Periwinkle, Hawthorn, Lavender, Bilberry, Devil’s Claw, Oregano, Thyme, Cherry laurel leaves), From (Liquid, Powdered, Capsules), End User (Cosmetic Industry, Pharmaceutical Industry, Food and Beverage Industry, Healthcare Industry, Nutraceutical Industry), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Ursolic Acid Market
Ursolic acid market size is expected to grow at a compound annual rate of 9.00% in the forecast period 2021 to 2028 and is likely to reach USD 0.099 billion by 2028 . The rise in the awareness regarding the benefits of healthy eating lifestyle is the factor responsible for the growth of ursolic acid market in the forecast period of 2021 to 2028.
Ursolic acid is a type of a biologically active compound, present in variety of plants. Ursolic acid is a chemically known as pentacyclic triterpenes. It is chemically nontoxic and has exceptional properties such as anti-fungal, anti-inflammatory and anti-bacterial. Ursolic acid also helps in relieving pain and prevents dental carries.
The major growing factor towards ursolic acid market is the rapid increase in the number of health and fitness conscious customers. Furthermore, the increase in disposable incomes and the rapid urbanization are also expected to heighten the overall demand for ursolic acid market over the forecast period of 2021 to 2028. Moreover, the muscle and bone growth properties of ursolic acid and high demand for functional foods and beverages are also expected to serve as foremost drivers for the ursolic acid market at a global level. In addition, the rise in popularity of the product owing to its various properties and benefits such as anti-bacterial and anti-inflammatory is also lifting the growth of the ursolic acid market.
However, the lack of awareness regarding benefits of ursolic acid in under-developed regions and excess use of ursolic acid can cause DNA damage mitochondria and other related diseases thus are projected to act as a restraint towards the growth of ursolic acid market, whereas the rise in preference of consumers towards other sources can challenge the growth of the ursolic acid market.
Moreover, the high growth of nutraceutical and functional food based products and rise in the awareness regarding the benefits of ursolic acid among the consumers are expected to further generate new opportunities for the ursolic acid market in the forecast period of 2021 to 2028.
This ursolic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ursolic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ursolic Acid Market Scope and Market Size
Ursolic acid market is segmented on the basis of product type, source, form and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the ursolic acid market has been segmented into 25% ursolic acid, 50% ursolic acid, 90% ursolic acid, 98% ursolic acid and others.
- Based on source, the ursolic acid market has been segmented into holy basil (tulsi), elderflowers, peppermint leaves, periwinkle, hawthorn, lavender, bilberry, devil’s claw, oregano, thyme and cherry laurel leaves.
- Based on form, the ursolic acid market has been segmented into powder, liquid and capsules.
- The end user segment of the ursolic acid market has been segmented into cosmetic industry, pharmaceutical industry, food and beverage industry, healthcare industry and nutraceutical industry.
Ursolic Acid Market Country Level Analysis
Ursolic acid market is analyses and market size, volume information is provided by country, product type, source, form and end user as referenced above.
The countries covered in the ursolic acid market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the ursolic acid market due to the rise in fitness activities and increase in the healthcare concerns. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rise in the cosmetic industry and high demand from the emerging economies such as India, China and Japan.
The country section of the ursolic acid market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ursolic Acid Market Share Analysis
Ursolic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ursolic acid market.
The major players covered in the ursolic acid report are Sabinsa, Changsha Staherb Natural Ingredients Co., Ltd., Geneham Pharmaceutical Co., Ltd, Hunan E.K HERB Co., Ltd., Hunan NutraMax Inc., Microherb Inc., Ottokemi, Merck KGaA, TCI Chemicals (India) Pvt. Ltd., Parchem fine & specialty chemicals, Xi'an Greena Biotech Co., Ltd., ANGLE BIO PHARMA, VIDYA EUROPE SAS, BASF SE, Cayman Chemical, Wilshire Technologies, ALB Technology Limited, Biosearch Life, and Hainan Super Biotech Co. Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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