What is Global Ellagic Acid Market?
The Global Ellagic Acid Market is a fascinating and rapidly evolving sector that has been gaining significant attention in recent years. Ellagic acid is a naturally occurring polyphenolic compound found in various fruits and nuts, including raspberries, strawberries, pomegranates, and walnuts. It is known for its potent antioxidant properties and potential health benefits, including anti-cancer and anti-inflammatory effects. The global market for ellagic acid was valued at a substantial US$ 10 million in 2022. The market is projected to reach an impressive US$ 16 million by 2029, indicating a steady Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period from 2023 to 2029.
40% Ellagic Acid, 90% Ellagic Acid, Others in the Global Ellagic Acid Market:
The Global Ellagic Acid Market is segmented based on the concentration of ellagic acid, including 40% Ellagic Acid, 90% Ellagic Acid, and others. Each segment has its unique applications and uses. The 40% Ellagic Acid is commonly used in various industries due to its moderate concentration and cost-effectiveness. On the other hand, the 90% Ellagic Acid, due to its high concentration, is primarily used in industries that require high purity ellagic acid. The 'Others' category includes various other concentrations of ellagic acid that are used based on specific industry requirements. The market for these different concentrations of ellagic acid is influenced by factors such as cost, availability, and specific industry needs.
Pharma and Healthcare, Cosmetic and Skin Care, Others in the Global Ellagic Acid Market:
The Global Ellagic Acid Market finds its applications in various sectors, including Pharma and Healthcare, Cosmetic and Skin Care, and others. In the Pharma and Healthcare sector, ellagic acid is used due to its potential health benefits, including anti-cancer and anti-inflammatory effects. In the Cosmetic and Skin Care sector, ellagic acid is used for its potent antioxidant properties that can help protect the skin from damage caused by free radicals. The 'Others' category includes various other sectors where ellagic acid is used based on specific requirements. The usage of ellagic acid in these sectors is influenced by factors such as the potential health benefits of ellagic acid, its antioxidant properties, and specific industry needs.
Global Ellagic Acid Market Outlook:
The global Ellagic Acid market outlook highlights some interesting trends and patterns. The market is highly concentrated, with the top five manufacturers accounting for about 73.71% of the total revenue in 2019. Staherb, a leading manufacturer, holds a significant share of the global market, with its revenue exceeding 33% in 2019. Geographically, China holds the largest consumption share in the global market, accounting for 43% of global market demand. In terms of application, the Cosmetic and Skin Care sector dominates global consumption, reaching 74% in 2019. This trend is expected to continue in the coming years, indicating the growing importance of ellagic acid in the Cosmetic and Skin Care sector.
| Report Metric | Details |
| Report Name | Ellagic Acid Market |
| Accounted market size in 2022 | US$ 10 in million |
| Forecasted market size in 2029 | US$ 16 million |
| CAGR | 6.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Shaanxi Honghao Bio-Tech, Kangcare Bioindustry, Kanwinn Pharmchem, Nektium Pharma, Staherb, Stanford Chemicals, Wufeng Chicheng Biotech, Naturex |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
