The global p-coumaric acid market size is estimated to reach US$ 8.8 million in 2024. It will likely exhibit strong growth during the next ten years, with sales rising at 11.3% CAGR. By 2034, the total market valuation is predicted to reach US$ 25.9 million.
Key Market Highlights
Attributes | Key Insights |
---|---|
Estimated p-Coumaric Acid Market Value (2024) | US$ 8.8 million |
Projected p-Coumaric Acid Market Revenue (2034) | US$ 25.9 million |
Value-based CAGR (2024 to 2034) | 11.3% |
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The global p-coumaric acid market displayed strong growth from 2019 to 2023. Multiple factors like increased awareness of p-coumaric acid’s benefits and consumer’s preference for organic products drove the p-coumaric acid market growth.
Accelerating applications in bakery, confectionery, and sauces and high population growth in South Asia, East Asia, and the Middle East & Africa were prominent reasons that expanded the market greatly. Similarly, increased demand for healthy food products impacted p-coumaric acid sales during the historical period.
In the assessment period, p-coumaric acid will continue to remain popular owing to its high quality even while being produced at a very competitive price. Its increasing usage in a wide range of industries, including food & beverage, pharmaceutical, and cosmetics, will boost the market.
Due to the popularity of health journals, social media blogs, and fitness influencers, people are crowding more and more towards organic variants of the previously chemical or synthetic products. This will likely fuel the growth of the global p-coumaric acid market through 2034.
P-coumaric acid is believed to possess anti-inflammatory and anti-cancer properties. This makes it beneficial for people with health conditions like inflammatory bowel disease, arthritis, and cancer as well. The growing usage of p-coumaric acid in several pharmaceutical formulations is set to boost the target market.
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The growing need for natural and effective preservatives in the food & beverage industry is putting the spotlight on compounds like p-coumaric acid. It is increasingly used as a fragrance ingredient, flavoring agent, and preservative in several food and beverage products, thereby fueling its demand.
With growing health-consciousness among consumers, demand for natural and organic ingredients is set to rise significantly during the forecast period. This, in turn, is expected to create growth opportunities for p-coumaric acid manufacturers.
Consumers are becoming aware of the multiple benefits of p-coumaric acid in cosmetics and skincare. P-coumaric acid is a natural metabolite that is contained in various plants whose anti-oxidant and anti-inflammatory properties have been proven by many experiments.
Some experiments have even shown p-coumaric acid as an active ingredient for skin-lightening. Owing to healthcare journals, social media, and savvy marketing by some companies, these benefits of p-coumaric acid are coming to the forefront and are expected to drive its usage in the cosmetics and personal care industries.
P-coumaric acid is becoming a potential ingredient in skin-lightening creams and lotions owing to its antioxidant properties. Hence, increasing spending on these cosmetic products will eventually fuel sales of p-coumaric acid during the assessment period.
The section comprehensively evaluates the interrelated markets, including the global natural food preservative market and the plant-based preservative industry. It dissects each market's distinctive characteristics, encompassing their respective CAGRs, while delving into the pivotal factors influencing their growth trajectories.
Global p-Coumaric Acid Market Analysis:
Attributes | Global p-Coumaric/p-Hydroxycinnamic Acid Market Forecast |
---|---|
CAGR (2024 to 2034) | 11.3% |
Growth Factor | Increasing p-coumaric acid usage as a natural food preservative is expected to boost the growth of the p-coumaric acid market. |
p-Coumaric/p-Hydroxycinnamic Acid Market Trends | Widening applications of p-coumaric acid in cosmetics and pharmaceuticals will likely foster sales growth. |
Global Natural Food Preservative Market Analysis:
Attributes | Global Natural Food Preservative Demand Outlook |
---|---|
CAGR (2024 to 2034) | 8.6% |
Growth Factor | Growing consumer preference for organic products and increasing applications of natural preservatives in bakeries, confectionery, and sauces will likely boost market growth. |
Trends in Natural Food Preservative Market | Rising interest in convenience food products is a key growth-shaping trend. |
Global Plant-based Preservative Market Analysis:
Attributes | Plant-based Preservative Industry Outlook |
---|---|
CAGR (2024 to 2034) | 6.5% |
Growth Factor | Rising demand for ready-made food items, shifting consumer preference towards plant-based ingredients, and increasing interest in organic products with healthier preservatives are key factors driving the plant-based preservative market. |
Global Plant-based Preservative Market Trends | The growing veganism trend is expected to fuel demand for plant-based preservatives through 2034. |
The table below highlights key nations’ p-coumaric acid market revenues. The United States and China are set to witness high p-coumaric acid consumption, with expected valuations of US$ 8.0 million and US$ 4.2 million, respectively, in 2034.
Countries | Projected p-Coumaric Acid Market Value (2034) |
---|---|
United States | US$ 8 million |
Brazil | US$ 1.4 million |
Germany | US$ 2.9 million |
China | US$ 4.2 million |
India | US$ 2.9 million |
The table below shows the anticipated growth rates of the top countries. China, Brazil, and India are set to record high CAGRs of 10.6%, 13.5%, and 12.0%, respectively, through 2034.
Countries | Expected p-Coumaric Acid Market CAGR (2024 to 2034) |
---|---|
United States | 6.6% |
Brazil | 13.5% |
Germany | 8.2% |
China | 10.6% |
India | 12.0% |
The United States remains the most dominant market for p-coumaric acid, comprising more than 30% of the global market. This can be attributed to multiple factors, including:
Amid rising health awareness, people in the United States are shifting their focus towards natural and organic ingredients, including p-coumaric acid. This will likely foster p-coumaric acid market size & growth during the assessment period.
Rising usage of p-coumaric acid in the thriving pharmaceutical sector is expected to propel sales in the United States through 2034. p-coumaric acid, with its antimicrobial, anti-inflammatory, and antioxidant properties, is widely used in several pharmaceutical products.
Several United States-based p-coumaric acid manufacturers are spending rigorously on research & development. Making a product like p-coumaric acid, which is of high quality in spite of having competitive prices, has been an achievement for the companies.
The United States is also leading the globe in terms of number of people preferring organic food instead of chemical and synthetic alternatives. This will likely contribute to the growing demand for natural preservatives like p-coumaric acid and improve the United States p-hydroxycinnamic acid market share & growth.
As per the latest analysis, the United States p-coumaric acid market is set to register healthy growth, totaling a valuation of US$ 8 million by 2034. Sales of p-coumaric acid in the nation will likely rise at 6.6% CAGR throughout the assessment period.
China's p-coumaric acid market is poised to exhibit an impressive CAGR of 10.6% during the forecast period. By 2034, p-coumaric sales in China are projected to reach US$ 4.2 million, making it the most lucrative pocket for manufacturers across East Asia. Some of the key drivers/trends include:
As the food and beverage industry across China continues to look for ways to meet evolving consumer demand, natural preservatives like p-coumaric acid are becoming highly popular. They are being increasingly used in a variety of foods and beverages due to their ability to extend shelf life and improve product quality, thereby fueling their demand.
The rising popularity of Western culture and increasing disposable income are expected to foster the growth of the p-coumaric acid market in China. There is also a growing skepticism among the masses regarding artificial preservatives, which cause various types of harm to the body. This is prompting them to shift towards healthier, more natural alternatives like p-coumaric acid.
Germany's p-hydroxycinnamic acid market is projected to grow rapidly, reaching a valuation of US$ 2.9 million by 2034. The overall demand for p-coumaric acid in the country will likely increase to 8.2% CAGR during the assessment period.
The table below offers deeper insights into leading segments in the p-coumaric acid industry. This information will likely help companies maximize profits and stay ahead of the curve.
The antioxidant segment is expected to dominate the market, totaling a valuation of US$ 12.3 million in 2034. By application, the food & beverages segment will likely total US$ 17.7 million in 2034.
Top Segment | Projected Valuation (2034) |
---|---|
Antioxidant (Functionality) | US$ 12.3 million |
Food & Beverages (Application) | US$ 17.7 million |
Based on functionality, the antioxidant segment is expected to retain its dominance in the p-hydroxycinnamic acid industry during the forecast period. It will likely exhibit strong growth, totaling US$ 12.3 million by 2034. This can be attributed to factors like:
P-coumaric acid is gaining popularity as a potent antioxidant capable of neutralizing harmful free radicals that damage cells. As a result, its usage is increasing in several products aimed at promoting health and wellbeing.
P-coumaric acid exhibits superior antioxidant activity than other p-hydroxycinnamic acids like caffeic acid and ferulic acid. This makes it highly sought-after in antioxidant applications, thereby contributing to its growing demand.
Due to its antioxidant properties, p-coumaric acid is increasingly used in applications like food & beverages, cosmetic & personal care products, and pharmaceuticals. This will continue to fuel its demand and boost the target segment through 2034.
As per the latest analysis, p-coumaric demand is anticipated to remain high in food & beverage applications. This is attributable to the growing usage of p-coumaric acid as a natural and effective preservative in the food & beverage industry. The target segment will likely generate market revenue worth US$ 17.7 million by 2034.
Research & development is playing a pivotal role in the success of p-coumaric acid manufacturers. As a result, large investments are being made in research & development to explore new applications of this acid. Several companies are also looking to integrate advanced extraction and processing technologies to provide high-quality products at affordable rates.
Several efforts are being made to educate people about the benefits of p-coumaric acid. Key market players are also forming partnerships and alliances, establishing new facilities, and adopting mergers and acquisitions to stay ahead of the competition.
Recent Developments in P-coumaric Acid Market:
Attribute | Details |
---|---|
Estimated Market Size (2024) | US$ 8.8 million |
Projected Market Value (2034) | US$ 25.9 million |
Anticipated Growth Rate (2024 to 2034) | 11.3% CAGR |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | US$ million for Value, MT for Volume |
Key Regions Covered | South Asia, East Asia, Oceania, North America, Latin America, Europe and Middle East & Africa |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others |
Key Segments Covered | Functionality, Application, and Region |
Key Companies Profiled |
|
Report Coverage | Market Dynamics, Drivers Restraints Opportunity Trends Analysis, Company Share Analysis, Market Forecast, Competition Intelligence and Challenges and Strategic Growth Initiatives |
The global p-coumaric acid market size is estimated to reach US$ 8.8 million in 2024.
Global p-coumaric acid demand is expected to grow at a CAGR of 11.3%.
By 2034, the global p-coumaric acid market value is expected to total US$ 25.9 million.
Rising preference for organic alternatives & high usage in personal care industry.
Currently, North America dominates the target industry.
Food and beverages.
Conagen Biotech, Hangzhou Viablife Biotech, Shandong Holly, and Cixiang Medicine.
P-coumaric acid is widely used as an antioxidant and food additive.
1. Executive Summary 1.1. Global Outlook 1.2. Segmental Share Analysis 1.3. Dynamics Snapshot 1.4. Wheel of Fortune 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / 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 - Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.1.3. Retail level Pricing 5.2. Price Point Assessment By Product 5.3. Price Forecast till 2034 6. Global 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 Analysis 2019 to 2023 and Forecast 2024 to 2034, By Functionality 7.1. Introduction / Key Findings 7.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Functionality, 2019 to 2023 7.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Functionality, 2024 to 2034 7.3.1. Anti-oxidant 7.3.2. Anti-microbial 7.4. Market Attractiveness Analysis By Functionality 8. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Introduction / Key Findings 8.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Application, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Application, 2024 to 2034 8.3.1. Pharmaceuticals 8.3.2. Food & Beverages 8.3.3. Cosmetics 8.3.4. Personal Care 8.3.5. Chemicals 8.4. Market Attractiveness Analysis By Application 9. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. Introduction 9.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023 9.3. Current Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia 9.3.6. Oceania 9.3.7. Middle East & Africa 9.4. Market Attractiveness Analysis By Region 9.5. Key Takeaways 10. North America Analysis 2019 to 2023 and Forecast 2024 to 2034 10.1. Introduction 10.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 10.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 10.3.1. By Country 10.3.1.1. United States 10.3.1.2. Canada 10.3.2. By Functionality 10.3.3. By Application 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Functionality 10.4.3. By Application 10.5. Key Takeaways 11. Latin America Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Argentina 11.3.1.4. Rest of Latin America 11.3.2. By Functionality 11.3.3. By Application 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Functionality 11.4.3. By Application 11.5. Key Takeaways 12. Europe Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. United Kingdom 12.3.1.3. France 12.3.1.4. Italy 12.3.1.5. Spain 12.3.1.6. BENELUX 12.3.1.7. Nordic 12.3.1.8. Russia 12.3.1.9. Poland 12.3.1.10. Rest of Europe 12.3.2. By Functionality 12.3.3. By Application 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Functionality 12.4.3. By Application 12.5. Key Takeaways 13. East Asia Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. China 13.3.1.2. Japan 13.3.1.3. South Korea 13.3.2. By Functionality 13.3.3. By Application 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Functionality 13.4.3. By Application 13.5. Key Takeaways 14. South Asia Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Malaysia 14.3.1.4. Indonesia 14.3.1.5. Singapore 14.3.1.6. Vietnam 14.3.1.7. Philippines 14.3.1.8. Rest of South Asia 14.3.2. By Functionality 14.3.3. By Application 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Functionality 14.4.3. By Application 14.5. Key Takeaways 15. Oceania Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. Australia 15.3.1.2. New Zealand 15.3.2. By Functionality 15.3.3. By Application 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Functionality 15.4.3. By Application 15.5. Key Takeaways 16. Middle East & Africa Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. GCC Countries 16.3.1.2. Turkiye 16.3.1.3. Egypt 16.3.1.4. South Africa 16.3.1.5. Rest of Middle East & Africa 16.3.2. By Functionality 16.3.3. By Application 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Functionality 16.4.3. By Application 16.5. Key Takeaways 17. Country-level Analysis, 2024 17.1. United States Market Analysis 17.1.1. By Functionality 17.1.2. By Application 17.2. Canada Market Analysis 17.2.1. By Functionality 17.2.2. By Application 17.3. Brazil Market Analysis 17.3.1. By Functionality 17.3.2. By Application 17.4. Mexico Market Analysis 17.4.1. By Functionality 17.4.2. By Application 17.5. Argentina Market Analysis 17.5.1. By Functionality 17.5.2. By Application 17.6. Germany Market Analysis 17.6.1. By Functionality 17.6.2. By Application 17.7. United Kingdom Market Analysis 17.7.1. By Functionality 17.7.2. By Application 17.8. France Market Analysis 17.8.1. By Functionality 17.8.2. By Application 17.9. Italy Market Analysis 17.9.1. By Functionality 17.9.2. By Application 17.10. Spain Market Analysis 17.10.1. By Functionality 17.10.2. By Application 17.11. Belgium Market Analysis 17.11.1. By Functionality 17.11.2. By Application 17.12. Netherlands Market Analysis 17.12.1. By Functionality 17.12.2. By Application 17.13. Nordic Market Analysis 17.13.1. By Functionality 17.13.2. By Application 17.14. Russia Market Analysis 17.14.1. By Functionality 17.14.2. By Application 17.15. Poland Market Analysis 17.15.1. By Functionality 17.15.2. By Application 17.16. China Market Analysis 17.16.1. By Functionality 17.16.2. By Application 17.17. Japan Market Analysis 17.17.1. By Functionality 17.17.2. By Application 17.18. South Korea Market Analysis 17.18.1. By Functionality 17.18.2. By Application 17.19. India Market Analysis 17.19.1. By Functionality 17.19.2. By Application 17.20. Thailand Market Analysis 17.20.1. By Functionality 17.20.2. By Application 17.21. Malaysia Market Analysis 17.21.1. By Functionality 17.21.2. By Application 17.22. Vietnam Market Analysis 17.22.1. By Functionality 17.22.2. By Application 17.23. Philippines Market Analysis 17.23.1. By Functionality 17.23.2. By Application 17.24. Indonesia Market Analysis 17.24.1. By Functionality 17.24.2. By Application 17.25. Singapore Market Analysis 17.25.1. By Functionality 17.25.2. By Application 17.26. Australia Market Analysis 17.26.1. By Functionality 17.26.2. By Application 17.27. New Zealand Market Analysis 17.27.1. By Functionality 17.27.2. By Application 17.28. GCC Countries Market Analysis 17.28.1. By Functionality 17.28.2. By Application 17.29. Turkiye Market Analysis 17.29.1. By Functionality 17.29.2. By Application 17.30. Egypt Market Analysis 17.30.1. By Functionality 17.30.2. By Application 17.31. South Africa Market Analysis 17.31.1. By Functionality 17.31.2. By Application 18. Market Structure Analysis 18.1. Global Competition - a Dashboard View 18.2. Industry Structure Analysis 18.2.1. % tier 1 market players 18.2.2. % tier 2 market players 18.2.3. % tier 3 market players 18.3. Global Company Share Analysis 18.3.1. For Tier 1 Market Players, 2023 18.3.2. Company Market Share Analysis of Top 5 Players, By Region 18.4. Key Participants Market Presence (Intensity Mapping) by Region 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. Conagen Biotech 19.3.1.1. Product Portfolio 19.3.1.2. Product Claim 19.3.1.3. Revenue by Market Segments (Functionality/ Application/Region) 19.3.1.4. Sales Footprint 19.3.1.5. Strategy Overview 19.3.1.5.1. Marketing Strategy 19.3.1.5.2. Product Strategy 19.3.1.5.3. Channel Strategy 19.3.1.6. SWOT Analysis 19.3.2. Hangzhou Viablife Biotech 19.3.3. Shandong Holly 19.3.4. Cixiang Medicine 19.3.5. Zhuhai Jiayi 19.3.6. Shandong YangCheng 19.3.7. Lianyungang Guosheng 19.3.8. Other Players (On Additional Requests) 20. Assumptions and Acronyms Used 21. Research Methodology
Food and Beverage
February 2018
REP-GB-6242
July 2022
342 pages
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