According to the business intelligence report titled ‘Global Ferulic Acid Market Size study, by Type (Synthesis, Natural) by Application (Cosmetic, Pharmaceutical Intermediates, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global ferulic acid market was assessed at USD 57.28 million in 2019 and is anticipated to reach USD 89.84 million by 2027, growing at an annual rate of 6.11% over 2020-2027.
 

Surging demand for anti-aging creams, in tandem with increasing usage as preservatives in food items and in processing of functional foods & dietary supplements are key factors boosting global ferulic acid market expansion. Moreover, presence of antioxidants in ferulic acid helps in preventing diabetes which will also facilitate the industry growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3357896/
 

As per the International Diabetic Federation, in 2015, 425 million people were suffering from diabetes and this number is speculated to reach 578 million by 2030 and approximately 700 million by 2045. This will raise acceptance of ferulic acid for diabetes prevention and aid market proliferation between 2020-2027.
 

For the unversed, ferulic acid is an organic compound rich in antioxidants like vitamin C, vitamin E, and vitamin A and is found in the cell walls of some plants. It is known for its anti-aging properties and is widely used in anti-aging creams to balance free radicals which weaken & age cells.
 

Based on type, worldwide ferulic acid industry is bifurcated into natural, and synthesis. Speaking of application scope, the market space is divided into cosmetic, pharmaceutical intermediates, and others.
 

From the regional frame of reference, Asia Pacific accounted for significant share in global ferulic acid market in the recent past due to expansion of personal care industry, and presence of renowned chemical manufacturers in the region. Also, amplifying e-commerce sector, and increasing industrialization will stimulate the business dynamics in APAC.
 

Key players profiled in the global ferulic acid market report are Zhejiang Delekang Food Co. Ltd., Jining Ankang Pharmaceutical Co. Ltd., Aston Chemicals Ltd., The Top Pharm Chemical Group, Hubei Yuancheng Pharmaceutical Co. Ltd., The Merck Group, Healthy Companies International, Oryza Oil & Fat Chemical Co. Ltd., Hunan Huacheng Biotech Inc., and Xi’an App-Chem Bio(Tech) Co. Ltd.