p-Hydroxycinnamic Acid Market Analysis by Product (Purity, and Modified p-Coumaric Acid); and by End-User (Chemical Industry, Food Industry, Cosmetic Industry, and Pharmaceutical Industry) – Global Supply & Demand Analysis & Opportunity Outlook 2021- 2031

Global p-Hydroxycinnamic Acid Market Size, Forecast, and Trend Highlights Over 2021 -2031

The global p-hydroxycinnamic acid market is estimated to garner a revenue of USD 198.8 Million by the end of 2031 by growing at a CAGR of 4.0% over the forecast period, i.e., 2022 -2031. Further, the market generated a revenue of USD 134.3 Million in the year 2021. The growth of the market can be attributed to adoption of safer alternatives which includes natural compounds or biodegradable polymers. Less than approximate 0.30 percent of all thermoplastics were consumed globally in 2020 from biodegradable polymers. However, they do have a significant chance of helping to create a more sustainable future.

Get more information on this report: Request Sample PDF

p-Hydroxycinnamic acid is a type of aromatic acid that perhaps be found in many plants which includes tea leaves, coffee beans, cinnamon bark, and cumin. It also exhibiting pharmacological effects that include anticancer, antioxidant, antiviral, immunomodulatory, and antiallergic. HCA has recently been demonstrated to exhibit anti-cancer properties in a variety of human cancer cell types, including bone metastatic breast cancer MDA-MB-231, pancreatic MIA PaCa-2 and Pt45P1 cells, human colon cancer cells, and neuroblastoma N2a cells.

Global p-Hydroxycinnamic Acid Market: Growth Driver and Challenges

Growth Driver

• Growing Application of p-Hydroxycinnamic Acid in Various Industries: The International Coffee Organization (ICO) estimates that 167.26 million bags of coffee are estimated to be consumed worldwide in the coffee year 2020/21, a rise of 1.9% from the 164.13 million bags that were reported in the coffee year 2019/20. High amounts of p-hydroxycinnamic acids (HCAs), a type of natural phenolic component, can be found in a variety of foods including fruits, vegetables, cereals, coffee, tea, and wine. P-Hydroxycinnamic acid is a vital ingredient of coffee, thus its use in the food business is anticipated to increase.
• Growing Prevalence of Obesity and Diabetes: By 2025, it is predicted that 2.7 billion adults would be overweight, over 1 billion people would be obese, and 177 million individuals would be extremely obese.
• Technology Advancement in p-Hydroxycinnamic Acid: A natural preservative called p-Coumaric Acid has been introduced by Massachusetts-based biotech Conagen as the "clean label" trend spreads across several consumer product categories (PCA). The natural preservatives provided by Blue California, Conagen's marketing partner, are expanded by PCA, which is produced by fermentation.
• Growing Cosmetic Industry: The value of the global market for natural cosmetics and personal care products is projected to rise from just under 29 billion dollars in 2021 to around 50 billion dollars in 2027.
• Hydroxycinnamic acids are employed as external electron acceptors: As a potential alternative energy source, the metabolism of hydroxycinnamic acids by 19 exclusively heterofermentative lactic acid bacteria strains was studied. The strains of Weissella spp., Lactobacillus brevis, Lactobacillus fermentum, and Leuconostoc mesenteroides, for which the MIC values were the same, were the next most tolerant to hydroxycinnamic acids, followed by Lactobacillus curvatus PE5.

Challenges

• High Production Cost
• Harmful Effect of p-Hydroxycinnamic Acid
• Lack of Awareness about the Product

P-Hydroxycinnamic acids are highly in demand in several industries. Their current accessibility is still restricted. Despite the fact that p-hydroxycinnamic acids have several high value-added applications, other than ferulic acid, their industrial scale sourcing is not guaranteed, and their manufacturing costs are still too high for commodity applications.

The p-hydroxycinnamic acid market is segmented and analyzed for demand and supply by end-user into chemical industry, food industry, cosmetic industry, and pharmaceutical industry. Amongst these segments, the chemical industry segment is anticipated to garner a largest revenue of USD 79.7 Million by the end of 2031, up from a revenue of USD 53.7 Million in the year 2021. However, the pharmaceutical industry segment is estimated to grow with a highest CAGR of 4.4% over the forecast period, backed by extensive use of p-hydroxycinnamic acid in medical application. Most of the mouth washers and toothpaste also content this acid. Further it is also being used for treating cancer, and cardiovascular disease. Increasing cases of diabetes is moreover expected to boost the growth of the market. There were 1.4 million new cases of diabetes identified in 2019. It is estimated that, over 37.3 million Americans, or one in ten, have diabetes.

Global p-Hydroxycinnamic Acid Market Regional Synopsis

Regionally, the global p-hydroxycinnamic acid market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these region, the market in Asia Pacific is projected to hold the largest market share of USD 86.1 Million by the end of 2031. Further in the year 2021, the market in this region garnered revenue of USD 59.2 Million. The growth of the market can be attributed to the growing middle-class population in this region. The middle-class population in Asia Pacific is expected to grow from approximate 2 billion to 3 billion people between 2020 and 2030, an approximate 70% increase as well as about 80% of the global growth. Also the growing cosmetic industry is expected to fuel the market growth in this region. Moreover, the North America region is expected to grow at a highest CAGR of 4.4% over the forecast period.

Additionally, the Europe region is estimated to garner the second highest revenue of USD 52.7 Million by the end of 2031. Further, the Europe region is segmented into countries including, Germany, France, UK, Italy, Spain, and more. Out of which, the market in Germany is anticipated to garner the largest revenue of USD 12.4 million, by growing at a CAGR of 3.9% over the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation

Our in-depth analysis of the global p-hydroxycinnamic acid market includes the following segments:

Key Companies Dominating the Global p-Hydroxycinnamic Acid Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global p-hydroxycinnamic acid market that are included in our report are Cayman Chemical, United States Biological Corporation Inc, Tokyo Chemical Industry Co., Ltd., AdooQ BioScience, Nanjing NutriHerb BioTech Co.,Ltd, APExBIO Technology LLC, FujiFilm Wako Pure Chemical Co., BioCrick BioTech, Merck KGaA, and MOLNOVA.