Global Ellagic Acid Market Size To Worth USD 17.38 Million by 2033 | CAGR of 6.34%
Category: HealthcareGlobal Ellagic Acid Market Size To Worth USD 17.38 Million by 2033
According to a research report published by Spherical Insights & Consulting, the Global Ellagic Acid Market Size is expected to grow from USD 9.40 million in 2023 to USD 17.38 million by 2033, at a CAGR of 6.34% during the forecast period 2023-2033.
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Browse key industry insights spread across 250 pages with 113 Market data tables and figures & charts from the report on the "Global Ellagic Acid Market Size, Share, and COVID-19 Impact Analysis, By Purity (40% Ellagic Acid, 90% Ellagic Acid, 95% Ellagic Acid, and Others), By Application (Cosmetic and Skin Care, Pharma and Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/ellagic-acid-market
The global ellagic acid market is a growing area of interest due to its potential medical benefits. This natural antioxidant, found in fruits and vegetables, is produced and distributed by plants through the hydrolysis of ellagitannins, a secondary metabolite. EA, a dilactone of hexahydroxy diphenic acid (HHDP), is a strong anticarcinogen, antiviral, and antibacterial bioactive molecule. Its antioxidant properties make it a popular ingredient in skincare products, protecting against UV rays and preventing aging. The market is driven by the growing emphasis on wellness and preventative healthcare, as well as the growing demand for natural, organic, and eco-friendly ingredients. Research on ellagic acid's medicinal advantages, such as its anti-inflammatory and anti-cancer properties, is creating new market prospects. Adoption is rising in areas with favorable regulations supporting bioactive chemicals, and its potential market breadth is also expanding due to emerging applications in agriculture. The growing preference for natural and organic products is one of the main drivers of the ellagic acid market's expansion. However, stringent regulations may hinder market growth.
The 95% ellagic acid segment held a significant share in 2023 and is predicted to grow at a remarkable CAGR during the predicted period.
Based on the purity, the global ellagic acid market is categorized as 40% ellagic acid, 90% ellagic acid, 95% ellagic acid, and others. Among these, the 95% ellagic acid segment held a significant share in 2023 and is predicted to grow at a remarkable CAGR during the predicted period. This is driven by the growing demand for high-purity ellagic acid, particularly in the production of vitamins and nutraceutical products.
The cosmetics and skin care segment accounted for a substantial share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the application, the global ellagic acid market is categorized as cosmetic and skin care, pharma and healthcare, and others. Among these, the cosmetics and skin care segment accounted for a substantial share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. This is attributed to its antioxidant properties, which protect the skin from oxidative stress and damage. It has a crucial role in skin-brightening and anti-aging cosmetics, helping reduce hyperpigmentation and uneven skin tone.
Europe is expected to hold the greatest share of the global ellagic acid market over the forecast period.
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Europe is expected to hold the greatest share of the global ellagic acid market over the forecast period. The use of ellagic acid in cosmetics, personal care products, and medications in Europe is expanding due to consumer demand for organic products. This naturally occurring antioxidant, found in fruits like pomegranates and berries, is being developed through R&D to meet customer demands.
Asia Pacific is predicted to grow at the fastest throughout the estimated period. The demand for high-end cosmetics and nutraceuticals containing ellagic acid is driven by rising disposable income in countries like China, India, and Southeast Asia. Its health benefits, including anti-inflammatory and antioxidant properties, make it popular in dietary supplements and functional foods. Advancements in extraction and formulation methods enhance the product's quality, while supportive laws and investments in the pharmaceutical and nutraceutical industries promote its use.
Major key players in the global ellagic acid market are Honghao Herb, Canbridge Commodities Inc., Glentham Life Sciences Limited, Otto Chemie Pvt. Ltd., Merck KgaA, BPS Bioscience Inc., Thermo Fisher Scientific Inc., Naturex, Stanford Chemicals, Staherb, Nektium Pharma, Kangcare Bioindustry, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global ellagic acid market based on the below-mentioned segments:
Global Ellagic Acid Market, By Purity
- 40% Ellagic Acid
- 90% Ellagic Acid
- 95% Ellagic Acid
- Others
Global Ellagic Acid Market, By Application
- Cosmetic and Skin Care
- Pharma and Healthcare
- Others
Global Ellagic Acid Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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