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Ursolic Acid Market to Reach Valuation of US$ 16.8 Mn by 2030: Transparency Market Research

Ursolic Acid Market: Introduction

The global ursolic acid market is forecast to be valued at US$ 8.2 Mn in 2020. The ursolic acid market is projected to expand at a CAGR of 7.5%, with an incremental value of 1.4 Mn by 2030. 

ursolic acid market

Due to ongoing innovations and customer trends, research and development in food and beverage ingredients is experiencing significant expansion. As a result, product developers have turned to new devices in digital technology, Big Data, artificial intelligence, and bioinformatics to stay in sync with food and beverage companies that need creative, unique ideas that can help to market their products quickly. Food and beverage companies are also focusing on research and development activities to enhance the nutritional and multifunctional profile of food items to offer high health benefits. Hence, the ever-rising demand for natural ingredients is expected to result in significantly high sales of fish protein-based products during the forecast period. In the meantime, the U.S. purchasers are demanding natural and healthy ingredients in food and beverages.

Growing Inclination toward Non-modified Functional Ingredients

The increase in health-conscious population has significantly fueled the demand for non-GMO food ingredients. In the global food & beverages industry, the trend indicates need for manufacturers offering non-GMO certified products to their customers. Parents are becoming more concerned about the ingredients used in baby products, creating a demand for non-GMO food ingredients, thus resulting in preference for non-modified functional ingredients. This is impacting market growth.

Ursolic Acid Market Segmentation

Ursolic Acid Market by Product Type

  • 25% Ursolic Acid  
  • 50% Ursolic Acid
  • 90% Ursolic Acid
  • 98% Ursolic Acid
  • Others

Ursolic Acid Market by Form

  • Powdered Extract
  • Liquid Extract

Ursolic Acid Market by End Use

  • Food and Beverage
  • Nutraceuticals
  • Pharmaceuticals
  • Cosmetics

Ursolic Acid Market by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Russia
    • Spain
    • France
    • Italy
    • Rest of Europe
  • East Asia
    • China
    • Japan
    •  South Korea
  • South Asia
    •  Thailand
    •  Indonesia
    •  Malaysia
    •  Singapore
    •  Rest of South Asia
  • Oceania
    • Australia
    • New Zealand
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • South Africa
    • Northern Africa

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

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