Valeric Acid Market Share

Asia Pacific Market Forecast

The valeric acid market in the Asia Pacific is predicted to account for the largest share of 45% by 2036. This growth is impelled by the increasing personal disposable income. Greater disposable money translates into a higher standard of life, which presents numerous potentials for beauty businesses looking to expand their market share in India. Particularly, by 2027, India's household expenditure will surpass USD 2 trillion owing to a compound annual growth in disposable income of 14%.

In addition, India's agricultural industry has been expanding rapidly, and the country has seen notable progress in agricultural output in the past few decades. Further, the use of valeric acid in the treatment of epilepsy is widely approached since the disease is spreading at a very fast pace. These progressive advances in a variety of sectors are responsible for the surge of valeric acid market’s demand.

North American Market Statistics

The North America Valeric Acid market is estimated to be the second largest, during the forecast timeframe led by the rising funding in healthcare. This may increase investment in the research and development of new drugs, leading to a higher demand for valeric acid. According to estimates, the United States will spend more than USD 5 trillion on healthcare by 2028, making up over 15% of the country's GDP. Continuous research and developments in the pharmaceutical sector are helping to learn the wide application of valeric acid.