The global carnosic acid market is expected to jump in value from USD 92.7 million in 2024 to USD 152.4 million by 2034. From 2024 to 2034, the CAGR of the market is put forward to be 10.1%.
| Attributes | Key Insights |
|---|---|
| Estimated Global Carnosic Acid Market Size (2024E) | USD 92.7 million |
| Projected Carnosic Acid Market Value (2034F) | USD 152.4 million |
| Value-based CAGR (2024 to 2034) | 10.1% |
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The global carnosic acid market witnessed solid growth in the historical period, with a CAGR of 7.8%.
The market is expected to register a CAGR of 10.1% through 2034.
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The table below shows the estimated growth rates of the top five countries. Japan, the United Kingdom, and Canada are set to record high CAGRs of 10.1%, 7.3%, and 8.1%, respectively, through 2034.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 5.6% |
| United Kingdom | 7.3% |
| Japan | 10.1% |
| Canada | 8.1% |
| Germany | 3.9% |
The table below explains the carnosic acid market size of the leading five countries for 2034. Among them, the United States is anticipated to remain at the forefront by reaching a valuation of USD 35.4 million. It is set to be followed by Germany, reaching USD 4.9 million by 2034.
| Countries | Country Wise Value (2034) |
|---|---|
| United States | USD 35.4 million |
| United Kingdom | USD 4.7 million |
| Japan | USD 3.5 million |
| Canada | USD 4.2 million |
| Germany | USD 4.9 million |
Carnosic acid demand in the United States is anticipated to rise at a steady CAGR of 5.6% during the forecast period. The reason for the increase in demand is a result of the following factors:
China's carnosic acid industry is poised to roll on at a favorable pace in the forthcoming decade. Key factors responsible for market growth include:
The demand for carnosic acid is poised to increase at a CAGR of 7.3% in the United Kingdom through 2034. Some key trends emerging in the United Kingdom include:
Japan's carnosic acid market is expected to reach a valuation of around USD 3.5 million by 2034. Top factors supporting the market expansion in the country include:
The carnosic acid market is projected to increase in Germany at a CAGR of 3.9% through 2034. Some factors responsible for market growth are as follows:
The section below shows the food preservatives segment dominating by function. It is predicted to hold a market share of 50.2% in 2034. Based on form, the powder segment is anticipated to generate a dominant share through 2024. It is set to hold a share of 65.5% in 2034.
| Segment | Market Share (2034) |
|---|---|
| Food Preservatives (Function) | 50.2% |
| Pharmaceuticals (Application) | 35.3% |
| Powder (Form) | 65.5% |
In the function category, the food preservative segment is anticipated to register a CAGR of 7.7%, with the valuation of the segment poised to reach USD 76.5 million in 2034. Factors supporting growth of the segment are:
Pharmaceutical application is anticipated to book a CAGR of 6.5%, reaching USD 54.1 million in value in 2034.
The powder form segment is anticipated to thrive at 8.5% CAGR during the projection period.
The carnosic acid market is highly competitive, with some of the top manufacturers operating at a multinational level. Major companies are indulging in extensive research and development activities. Some of the key developmental opportunities that market players are indulging in include rising efforts toward product portfolio diversification and increasing merger and acquisition activities.
Company Profiles
The market is set to reach USD 92.7 million in 2024.
Demand for carnosic acid is slated to expand at a 10.1% CAGR by 2034.
The market is set to reach USD 152.4 million in 2034.
Matrix Life Science, DC Cedar Oil, and Cedar Oil Industries are the key players.
The powder segment is estimated to hold a significant market share in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Introduction/ Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side Drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Key Regulations and Policies 4. Value Chain Analysis 4.1. Operating margins at each node of the supply chain 4.2. List of Active Market Participants 5. Global Market- Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.2. Price Point Assessment By Product 5.3. Price Forecast till 2034 6. Global Market Size (in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Function 7.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Function, 2019 to 2023 7.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Function, 2024 to 2034 7.2.1. Antioxidant 7.2.2. Food Preservatives 7.3. Market Attractiveness Analysis By Function 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Application, 2019 to 2023 8.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Application, 2024 to 2034 8.2.1. Food 8.2.2. Dietary Supplements 8.2.3. Pharmaceuticals 8.2.4. Pet Foods 8.2.5. Cosmetics/Personal Care 8.3. Market Attractiveness Analysis By Application 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 9.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Form, 2019 to 2023 9.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Form, 2024 to 2034 9.2.1. Liquid 9.2.2. Powder 9.3. Market Attractiveness Analysis By Form 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023 10.2. Current Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 10.2.1. North America 10.2.2. Latin America 10.2.3. Europe 10.2.4. East Asia 10.2.5. South Asia 10.2.6. Oceania 10.2.7. Middle East and Africa 10.3. Market Attractiveness Analysis By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. United States 11.2.1.2. Canada 11.2.2. By Function 11.2.3. By Application 11.2.4. By Form 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Function 11.3.3. By Application 11.3.4. By Form 11.4. Key Takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Brazil 12.2.1.2. Mexico 12.2.1.3. Argentina 12.2.1.4. Rest of Latin America 12.2.2. By Function 12.2.3. By Application 12.2.4. By Form 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. Function 12.3.3. By Application 12.3.4. By Form 12.4. Key Takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Germany 13.2.1.2. United kingdom 13.2.1.3. France 13.2.1.4. Italy 13.2.1.5. Spain 13.2.1.6. BENELUX 13.2.1.7. Nordic 13.2.1.8. Russia 13.2.1.9. Poland 13.2.1.10. Rest of Europe 13.2.2. By Function 13.2.3. By Application 13.2.4. By Form 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Function 13.3.3. By Application 13.3.4. By Form 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Function 14.2.3. By Application 14.2.4. By Form 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Function 14.3.3. By Application 14.3.4. By Form 14.4. Key Takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. India 15.2.1.2. Thailand 15.2.1.3. Malaysia 15.2.1.4. Indonesia 15.2.1.5. Singapore 15.2.1.6. Vietnam 15.2.1.7. Philippines 15.2.1.8. Rest of South Asia 15.2.2. By Function 15.2.3. By Application 15.2.4. By Form 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Function 15.3.3. By Application 15.3.4. By Form 15.4. Key Takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. Australia 16.2.1.2. New Zealand 16.2.2. By Function 16.2.3. By Application 16.2.4. By Form 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Function 16.3.3. By Application 16.3.4. By Form 16.4. Key Takeaways 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 17.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 17.2.1. By Country 17.2.1.1. GCC Countries 17.2.1.2. Turkiye 17.2.1.3. Egypt 17.2.1.4. South Africa 17.2.1.5. Rest of Middle East and Africa 17.2.2. By Function 17.2.3. By Application 17.2.4. By Form 17.3. Market Attractiveness Analysis 17.3.1. By Country 17.3.2. By Function 17.3.3. By Application 17.3.4. By Form 17.4. Key Takeaways 18. Country-level Market Analysis, 2024 18.1. United States Market Analysis 18.1.1. By Function 18.1.2. By Application 18.1.3. By Form 18.2. Canada Market Analysis 18.2.1. By Function 18.2.2. By Application 18.2.3. By Form 18.3. Brazil Market Analysis 18.3.1. By Function 18.3.2. By Application 18.3.3. By Form 18.4. Mexico Market Analysis 18.4.1. By Function 18.4.2. By Application 18.4.3. By Form 18.5. Argentina Market Analysis 18.5.1. By Function 18.5.2. By Application 18.5.3. By Form 18.6. Germany Market Analysis 18.6.1. By Function 18.6.2. By Application 18.6.3. By Form 18.7. United Kingdom Market Analysis 18.7.1. By Function 18.7.2. By Application 18.7.3. By Form 18.8. France Market Analysis 18.8.1. By Function 18.8.2. By Application 18.8.3. By Form 18.9. Italy Market Analysis 18.9.1. By Function 18.9.2. By Application 18.9.3. By Form 18.10. Spain Market Analysis 18.10.1. By Function 18.10.2. By Application 18.10.3. By Form 18.11. Belgium Market Analysis 18.11.1. By Function 18.11.2. By Application 18.11.3. By Form 18.12. Netherlands Market Analysis 18.12.1. By Function 18.12.2. By Application 18.12.3. By Form 18.13. Nordic Market Analysis 18.13.1. By Function 18.13.2. By Application 18.13.3. By Form 18.14. Russia Market Analysis 18.14.1. By Function 18.14.2. By Application 18.14.3. By Form 18.15. Poland Market Analysis 18.15.1. By Function 18.15.2. By Application 18.15.3. By Form 18.16. China Market Analysis 18.16.1. By Function 18.16.2. By Application 18.16.3. By Form 18.17. Japan Market Analysis 18.17.1. By Function 18.17.2. By Application 18.17.3. By Form 18.18. South Korea Market Analysis 18.18.1. By Function 18.18.2. By Application 18.18.3. By Form 18.19. India Market Analysis 18.19.1. By Function 18.19.2. By Application 18.19.3. By Form 18.20. Thailand Market Analysis 18.20.1. By Function 18.20.2. By Application 18.20.3. By Form 18.21. Malaysia Market Analysis 18.21.1. By Function 18.21.2. By Application 18.21.3. By Form 18.22. Vietnam Market Analysis 18.22.1. By Function 18.22.2. By Application 18.22.3. By Form 18.23. Philippines Market Analysis 18.23.1. By Function 18.23.2. By Application 18.23.3. By Form 18.24. Indonesia Market Analysis 18.24.1. By Function 18.24.2. By Application 18.24.3. By Form 18.25. Singapore Market Analysis 18.25.1. By Function 18.25.2. By Application 18.25.3. By Form 18.26. Australia Market Analysis 18.26.1. By Function 18.26.2. By Application 18.26.3. By Form 18.27. New Zealand Market Analysis 18.27.1. By Function 18.27.2. By Application 18.27.3. By Form 18.28. GCC Countries Market Analysis 18.28.1. By Function 18.28.2. By Application 18.28.3. By Form 18.29. Turkiye Market Analysis 18.29.1. By Function 18.29.2. By Application 18.29.3. By Form 18.30. Egypt Market Analysis 18.30.1. By Application 18.30.2. By Form 18.31. South Africa Market Analysis 18.31.1. By Function 18.31.2. By Application 18.31.3. By Form 19. Market Structure Analysis 19.1. Global Competition - a Dashboard View 19.2. Industry Structure Analysis 19.2.1. % Tier 1 Market Players 19.2.2. % Tier 2 Market Players 19.2.3. % Tier 3 Market Players 19.3. Global Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2023 19.3.2. Company Market Share Analysis of Top 5 Players, By Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Matrix Life Science 20.3.1.1. Product Portfolio 20.3.1.2. Product Claim 20.3.1.3. Revenue by Market Segments 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.1.5.1. Marketing Strategy 20.3.1.5.2. Product Strategy 20.3.1.5.3. Channel Strategy 20.3.1.6. SWOT Analysis 20.3.2. DC Cedar Oil 20.3.3. Cedar Oil Industries 20.3.4. Jiangxi Global Natural Spices Co., Ltd 20.3.5. HuBei JuSheng Technology 20.3.6. Wuhan Shenqu Biological Chemical Co., Ltd. 20.3.7. Texas Cedar Oil 20.3.8. Grayden CedarWorks 20.3.9. Watson Industries, Inc. 20.3.10. Hangzhou Dayangchem Co., Ltd. 20.3.11. Abernutra Industries Limited 20.3.12. Other Players (On Additional Requests) 21. Assumptions and Acronyms Used 22. Research Methodology
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Carnosic Acid Market
