Ferulic Acid Market Is Estimated To Witness High Growth Owing To Rising Demand For Anti-ageing Products

The ferulic acid market is estimated to be valued at US$ 83.7 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024- 2031, as highlighted in a new report published by Coherent Market Insights’ The ferulic acid market is witnessing significant growth owing to rising demand for anti-ageing products and increasing applications of ferulic acid in various industries such as pharmaceutical, skincare & cosmetics.

Ferulic acid acts as powerful antioxidant that helps reduce oxidative stress and protects skin cells from damage. It improves skin elasticity and hydration along with reducing appearance of wrinkles. Further, increasing usage of ferulic acid as natural preservative in food & beverage industry due to its anti-microbial properties is also contributing to the market growth.

Key Market Trends: New product launches focused on natural & plant-based ingredients is one of the key trends gain traction in the global ferulic acid market. Additionally, burgeoning demand for multi-beneficial skincare solutions is another major trend shaping the market outlook. For instance, manufacturers are increasingly utilizing ferulic acid along with other anti-ageing ingredients such as hyaluronic acid, caffeic acid etc. to develop innovative anti-ageing skincare products. Furthermore, rising popularity of vegetable & fruit enzymes particularly ginger and rice bran extract as rich sources of ferulic acid has created new opportunities for ferulic acid market over the forecast period.

Ferulic Acid Market Opportunities: The rice bran segment accounted for the majority share of more than 35% in the global ferulic acid market in 2019 and is expected to grow at a CAGR of over 6% during the forecast period. Rice bran is the main source of ferulic acid extraction. Being a major agricultural crop globally, abundant availability of rice bran makes it the primary source for commercial ferulic acid production.

The cosmetics segment is anticipated to witness highest growth during the forecast period. Increasing awareness about anti-aging properties of ferulic acid is fueling its adoption in anti-aging creams and serums. Ferulic acid helps reduce signs of aging like wrinkles and age spots when applied topically. It has high demand due to its ability to boost collagen production and fight free radicals.

Key Market Takeaways: Ferulic Acid Market is anticipated to witness a CAGR of 7.2% during the forecast period 2024-2031, owing to growing awareness about benefits of ferulic acid.

On the basis of type, rice bran segment is expected to hold a dominant position, owing to abundant availability of rice bran.

By application, cosmetics segment is expected to witness highest growth during the forecast period due toanti-aging properties of ferulic acid.

On the basis of region, North America is expected to hold a dominant position over the forecast period, due to rising health consciousness.

Competitor Insights: Key players operating in the ferulic acid market include Tocris Bioscience., Fisher Scientific, and others. These players are focusing on new product launches and expansions to strengthen their market position.

Recent Developments: In June 2023, a leading Indian pharmaceutical manufacturer launched an anti-aging serum containing ferulic acid and several other plant-based antioxidants. Clinical trials showed the serum helped reduce signs of aging like wrinkles and age spots in 4-6 weeks. The success of this product encouraged other players to invest in R&D of ferulic acid based therapies and products targeting the anti-aging market. More information in full report.