Ferulic acid is a phenolic compound derived from various plants. It has anti-oxidant and anti-inflammatory properties that protect cells from damage. Ferulic acid finds application in various industries including pharmaceutical, nutraceutical, cosmetic, and food & beverage. Rising health consciousness among consumers has boosted the demand for nutraceutical and functional food products containing ferulic acid as an active ingredient. The growing pharmaceutical industry in Asia Pacific and North America is also driving the ferulic acid market growth.
Market Dynamics:
The global ferulic acid market is driven by increasing demand from the nutraceutical and pharmaceutical industries. Rising prevalence of lifestyle diseases and growing health concerns have increased the adoption of dietary supplements containing ferulic acid. However, high cost of extraction from natural sources is a major challenge for market players. The growing pharmaceutical industry in emerging economies presents a significant opportunity for manufacturers. Regionally, Asia Pacific dominates the market owing to a large nutraceutical industry and rising healthcare spending in China and India. North America is another major consumer due to an expanding functional food sector in the region. Stringent regulations and availability of alternatives also restrain the market growth.
Key Features of the Study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook