The esters or salts derived from salicylic acid are called salicylates. These are found in their natural form in some plants and fruits and are used in manufactured form in several medications, cosmetics, skin care, and as food preservatives to increase the shelf life. In spite of the fact that salicylates are dissimilar from each other to a small degree, in chemical structure, they have almost identical effects in the body. These are primarily used in medication that has anticoagulatory, anti-inflammatory, anodyne, and fever alleviating properties apart from being used in cosmetic, preservative, and food industries. One of the most prominent medicines that salicylates are used as an additive is Aspirin. Salicylates are known to have a vital role in the prevention of cardiovascular diseases due to their anti-coagulating and anti-inflammatory effects. These are the properties that have become prominent in the past decades and are being explored and researched further. Salicylates may prove to have a favorable consequence on diabetic retinopathy.

There has been a brisk growth in the salicylates market, especially in the health care sector owing to the aforementioned properties. Increasing number of general population is turning toward the use of products containing salicylates for the prevention of cardiovascular diseases, skin ailments, and sports injuries. The comparative low price, minimal side effects, and the potency of salicylates in drugs enable salicylates to be competitive in the age of constantly evolving and innovating health care industry. Increasing awareness concerning the detrimental effects of excessive ingestion of salicylates has been a cause of worry and has resulted in regulatory bodies enforcing the highest permissible limit in various products. There has been incidence of people being salicylate sensitive, resulting in salicylate intolerance or allergies. This has caused people to reconsider the usage of products that contain salicylates or to avoid excessive exposure or ingestion of products containing salicylates. Growing populace is turning toward salicylates in their natural organic form of vegetables, fruits, nuts, grains, and spices. This has curbed the growth of the salicylates market across the globe.

The global salicylates market is segmented into application, route of administration, distribution channel, and region. In terms of application, the salicylates market is segmented into pharmaceuticals, cosmetics, fragrances, and food and preservatives. The pharmaceuticals application is in the form of medicines, ointments, and salves. The cosmetics application is in the form of sunscreens, makeup, shampoos, and moisturizers. The fragrances application is in the form of deodorants and perfumes. The application of food and preservatives is in the form of additives in various food products. Based on route of administration, the market has been divided into oral ingestion and local application. In terms of distribution channel, the market is segmented into pharmacies, chemists, retail distribution, wholesale distribution, and online sales.

Geographically, the salicylates market is distributed over North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is rapidly dominating the global salicylates market. Growing demand for products containing salicylates in medication, cosmetic, and food processing industry is augmenting the growth of the Asia Pacific salicylates market. In terms of market share, Asia Pacific is closely followed by North America and Europe. North America and Europe have acquired a significant market share owing to rise in the demand for products in skin care, food and beverages, and fragrances and medicines, where salicylate is used as a vital component. The market is expanding even in Latin America and the Middle East due to salicylates usage in cosmetics, hair, and skin care products. People increasingly are taking care of their skin and hair issues due to rise in pollution.

Major players operating in the global market for salicylates include Bayer, Alta Laboratories, Eli Lilly and Company, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Novocap, Siddharth Carbochem Products Ltd., Alfa Aesar, Banana Boat, Neutrogena, Heinz, and Mondelez International.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Salicylates Market