In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
Betulinic Acid is natural occurring compound with antimalarial, antiretroviral, anti-inflammatory property. Generally it is found in bark of the many species of plant such as white birc, selfheal and others. It has poor solubility in aqueous media such as blood serum and polar solvents. To overcome hydro solubility problem and enhance pharmaceutical properties, betulinic acid treated with chemical and evaluated for cytotoxic activity. Due to unique properties betulinic acid have broad application in pharmaceutical & Cosmetics. Drugs, made of betulinic acid is used in colorectal cancer, anti-inflammatory effects, anti-cancer, ovarian cancer, anti- fibrotic effects and others. It has also an application in perfume, agrochemical, and cosmetic products.
Global betulinic acid market is anticipated to flourish at a significant CAGR over the forecast period. Increasing in the numerous diseases among the population such as cancer, HIV and others are the major key factor which is anticipated to garner the growth of the betulinic acid market during the forecast periods. Increasing demand of the cosmetic items is expected to positively impact the growth of betulinic acid market.
In the regional market Asia Pacific for the significant market share in the regional platform and is expected to continue its dominance over forecast period . Increasing demand of cosmetic products is anticipated to be dynamic factor behind the growth of betulinic acid market across the globe. Moreover, major increase in drug analysis and the medical application in pharmaceutical are envisioned to strengthen the demand of market in the upcoming year. Increase numerous type of cancer is also anticipated positive impact of betulinic acid market over forecast period.
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Geographically, Europe is anticipated to grow at significant CAGR over the forecasting period. It is second largest region of betulinic acid market across the globe followed by the North America. Increasing urbanization and modernization increases the demand of cosmetics product is expected to witness of high growth over forecast period. Further North America is expected to grow at constant rate during the forecast period. Advancement and developing in pharmaceutical is anticipated the garner growth of the betulinic acid market. North America market is expected to contribute significantly towards the growth of the betulinic acid market. The market is mainly expanding on the back of the growth and expansion of pharmaceutical industries in the region.
Our in-depth analysis has segmented betulinic acid market into the following segments:
Global betulinic acid market is further classified on the basis of region as follows:
Increasing demand of the pharmaceutical and cosmetics products are anticipated to intensify the growth of the betulinic acid market during the forecast period. Increasing expenditure in cosmetics products is expected to be positive driving factor for the growth of betulinic acid market. Advancement and research & development activities are believed to open a gateway of opportunities for the companies entering into the business of polymer conductive polymer coating.
Further, increase in various types of cancer and other diseases are the major key factors which are predicted to trigger the growth of the betulinic acid market. Apart from this betulinic acid is used in several application synthesis of various chemical, as a chemical agent in laboratory. These factors are anticipated to trigger the growth of the betulinic acid market across the globe.
Poor solubility in aqueous media is the anticipated to restraint the growth of the betulinic acid. In addition to enhanced its properties, it treated with different chemical so that it can be evaluate for cytotoxic activity. Rising in the prices is anticipated to negatively impact of the betulinic acid market.