Ursolic Acid Global Market To Reach Value Of About $10.3 Million In 2025
16 Aug, 2021
The ursolic acid market consists of sales of ursolic acid and related-products by entities (organizations, sole traders, and partnerships) that manufacture ursolic acid that belongs to a member of the triterpene family of chemicals, which are found in both plants and mammals. Ursolic acid is a naturally occurring chemical molecule found in a wide range of plants, including rosemary and apples. It is presumed to contain antioxidant, anti-inflammatory, and cancer-fighting properties.
Global Ursolic Acid Market Size And Drivers:
The global ursolic acid market is expected to grow from $7.62 million in 2020 to $8.12 million in 2021 at a compound annual growth rate (CAGR) of 6.6%. The growth of the ursolic acid market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The ursolic acid market is expected to reach $10.34 million in 2025 at a CAGR of 6.2%. The increasing prevalence of cardiovascular diseases is expected to drive the growth of the ursolic acid market in the coming years.
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Trends In The Global Ursolic Acid Market
Rapid growth in the utilization of ursolic acid in the manufacturing of various products in the cosmetic industry owing to spiked growth and demand for herbal products is expected to garner the growth of the market over coming years. Ursolic acid in cosmetic products is used as an anti-aging agent, anti-inflammatory, anti-wrinkle agent, and antioxidant.
Global Ursolic Acid Market Segments:
The global ursolic Acid market is further segmented based on type, form, end use and geography.
By Type: 25% Ursolic Acid, 50% Ursolic Acid, 90% Ursolic Acid, 98% Ursolic Acid, Others
By Form: Powdered Form, Capsules, Liquid Form
By End-Use: Pharmaceuticals, Food And Beverage, Cosmetics, Nutraceuticals, Others
By Geography: The global ursolic Acid market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the ursolic acid market in 2020.
Read More On The Report For The Global Ursolic Acid Market At:https://www.thebusinessresearchcompany.com/report/ursolic-acid-global-market-report
Ursolic Acid Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ursolic Acid market overviews, analyzes and forecasts market size and growth for the global ursolic Acid market, ursolic Acid market share, ursolic Acid market players, ursolic Acid market segments and geographies, ursolic Acid market’s leading competitors’ revenues, profiles and market shares. The ursolic Acid market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.