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Hydroxycinnamic Acids Market - By Type (98.0% and Others); By Application (Chemical Industry, Food Industry, Health Industry, Cosmetic Industry, and Pharmaceutical Industry); By Product (Purity, Modified p-Coumaric acid); By End-use Industry (Consumers, Businesses); And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), - Global Opportunity Analysis & Industry Forecast, 2023 - 2030
Hydroxycinnamic Acids Market Overview:
The Hydroxycinnamic Acids Market is expected to grow at a CAGR of 4.1%, the market value projected to increase is from USD $145 Million in 2023 to USD $178 Million by 2030. Hydroxycinnamic Acids (HCAs) are a class of secondary plant metabolites that have a wide range of biological activities, including antioxidant, anti-inflammatory, and anti-cancer properties. HCAs are found in a variety of fruits, vegetables, and whole grains, and they are increasingly being used in functional foods and beverages, as well as in dietary supplements and cosmetics. The Hydroxycinnamic acid is an organic compound that is a hydroxy derivative of cinnamic acid. It is a crystalline solid that is slightly soluble in water, but very soluble in ethanol and diethyl ether. P-hydroxycinnamic acid (pHCA) is used as a flavoring agent as well as a precursor of chemicals. These compounds are present in plants at low concentrations; therefore, complex purification processes are usually required to extract the product. The manufacturing has a shortcoming, such as the generation of toxic sub-products or a low concentration in plant material.
Some of the most common HCAs include Ferulic acid, Caffeic acid, Sinapic acid, p-Coumaric acid. The growth of the market can be attributed to adoption of safer alternatives which includes natural compounds or biodegradable polymers. Less than 0.30 percent of all thermoplastics were consumed globally in 2020 from biodegradable polymers. However, they do have a significant chance of helping to create a more sustainable future.
Hydroxycinnamic acid is a type of aromatic acid that perhaps be found in many plants which includes tea leaves, coffee beans, cinnamon bark, and cumin. It also exhibiting pharmacological effects that include anticancer, antioxidant, antiviral, immunomodulatory, and antiallergic.
Market Snapshot:
Hydroxycinnamic Acids Market - Report Coverage:
The “Hydroxycinnamic Acids Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Hydroxycinnamic Acids Market.
Hydroxycinnamic Acids Market - Top Trends:
Increasing awareness of the health benefits of HCAs: HCAs are known to have a wide range of health benefits, including antioxidant, anti-inflammatory, and anti-cancer properties. This increasing awareness is driving demand for HCAs from consumers and businesses alike.
Expanding applications of HCAs: HCAs are used in a variety of industries, including food and beverage, pharmaceutical, and cosmetics. The expansion of these industries is creating new opportunities for the HCA market.
Growing demand for natural products: HCAs are natural products that are derived from plants. The growing demand for natural products is driving demand for HCAs, as consumers are increasingly looking for natural and healthy alternatives to synthetic products.
The Hydroxycinnamic Acids Market - Company Analysis
Manufacturers of mushroom powder are focusing on improving their product quality by investing in research and development activities and using various extraction processes to retain the properties of mushrooms in the powder form for maximum health benefits. The Hydroxycinnamic Acids market is a relatively fragmented market, with a number of small and medium-sized companies competing for market share.
The key players in the Hydroxycinnamic Acids market are Cayman Chemical, NATIONAL ANALYTICAL, TCI Chemicals, AdooQ BioScience, and Nanjing NutriHerb BioTech. These players are focusing on expanding their product portfolio, investing in research and development, and acquiring smaller players to strengthen their position in the market.
Four Sigmatic is a leading provider of mushroom-based products, including mushroom powder. The company offers a wide range of mushroom powder products, including reishi, chaga, lion's mane, and cordyceps. Four Sigmatic also offers a variety of mushroom-based coffees, teas, and other products.
Fungi Ally is another leading provider of mushroom-based products, including mushroom powder. The company offers a wide range of mushroom powder products, including reishi, chaga, lion's mane, and turkey tail. Fungi Ally also offers a variety of mushroom-based supplements and other products.
Real Mushrooms is a company that specializes in organic mushroom powder products. The company offers a wide range of mushroom powder products, including reishi, shiitake, maitake, and turkey tail. Real Mushrooms also offers a variety of mushroom-based supplements and other products.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Hydroxycinnamic Acids Market adopt. The top 10 companies in Hydroxycinnamic Acids Market are listed below:
1. Cayman Chemical
2. NATIONAL ANALYTICAL
3. TCI Chemicals
4. AdooQ BioScience
5. Nanjing NutriHerb BioTech
6. United states Biological corporation Inc.
7. Tokyo chemical industry co., Ltd.
8. Nanjing Nutriherb Biotech Co., Ltd.
9. ApExBIO Technology LLC
10. FujiFilm Wako Pure Chemical CO.
11. Biocrick Biotech
12. Merck KgaH
13. MOLNOVA
14. EXTRASYNTHESE
15. PhytoLab
16. Sigma-Aldrich
17. Alfa Aesar
18. Fisher Scientific
Scope of the Report:
1. Hydroxycinnamic Acids Market - Overview
1.1. Definitions and Scope
2. Hydroxycinnamic Acids Market - Executive Summary
3. Hydroxycinnamic Acids Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Hydroxycinnamic Acids Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Hydroxycinnamic Acids Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Hydroxycinnamic Acids Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Hydroxycinnamic Acids Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Hydroxycinnamic Acids Market – By Type (Market Size – $Million/$Billion)
8.1. 98.0%
8.2. Others
9. Hydroxycinnamic Acids Market – By Application (Market Size – $Million/$Billion)
9.1. Chemical Industry
9.2. Food Industry
9.3. Health Industry
9.4. Cosmetic Industry
9.5. Pharmaceutical Industry
10. Hydroxycinnamic Acids Market – By Product (Market Size – $Million/$Billion)
10.1. Purity
10.2. Modified p-Coumaric acid
11. Hydroxycinnamic Acids Market – By End-user (Market Size – $Million/$Billion)
11.1. Consumers
11.2. Businesses
12. Hydroxycinnamic Acids Market – by Geography (Market Size – $Million/$Billion)
12.1. North America
12.1.1. U.S
12.1.2. Canada
12.1.3. Mexico
12.2. Europe
12.2.1. Germany
12.2.2. France
12.2.3. UK
12.2.4. Italy
12.2.5. Spain
12.2.6. Belgium
12.2.7. Netherlands
12.2.8. Rest of Europe
12.3. Asia-Pacific
12.3.1. China
12.3.2. Japan
12.3.3. South Korea
12.3.4. India
12.3.5. Australia & New Zealand
12.3.6. Indonesia
12.3.7. Malaysia
12.3.8. Taiwan
12.3.9. Rest of Asia-Pacific
12.4. South America
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Chile
12.4.4. Colombia
12.4.5. Rest of South America
12.5. Rest of The World
12.5.1. Middle East
12.5.2. Saudi Arabia
12.5.3. UAE
12.5.4. Israel
12.5.5. Rest of the Middle East
12.5.6. Africa
12.5.7. South Africa
12.5.8. Nigeria
12.5.9. Rest of Africa
13. Hydroxycinnamic Acids Market – Entropy
14. Hydroxycinnamic Acids Market – Industry/Segment Competition Landscape
14.1. Market Share Analysis
14.1.1. Market Share by Product Type – Key Companies
14.1.2. Market Share by Region – Key Companies
14.1.3. Market Share by Country – Key Companies
14.2. Competition Matrix
14.3. Best Practices for Companies
15. Hydroxycinnamic Acids Market – Key Company List by Country Premium
16. Hydroxycinnamic Acids Market - Company Analysis
16.1. Cayman Chemical
16.2. NATIONAL ANALYTICAL
16.3. TCI Chemicals
16.4. AdooQ BioScience
16.5. Nanjing NutriHerb BioTech
16.6. United states Biological corporation Inc.
16.7. Tokyo chemical industry co., Ltd.
16.8. Nanjing Nutriherb Biotech Co., Ltd.
16.9. ApExBIO Technology LLC
16.10. FujiFilm Wako Pure Chemical CO.
16.11. Biocrick Biotech
16.12. Merck KgaH
16.13. MOLNOVA
16.14. EXTRASYNTHESE
16.15. PhytoLab
16.16. Sigma-Aldrich
16.17. Alfa Aesar
16.18. Fisher Scientific
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The Hydroxycinnamic Acids Market is forecast to grow at 4% during the forecast period 2023-2030.
The Global Hydroxycinnamic Acids Market size is estimated to be $145 Million in 2023 and is projected to reach USD $178 Million by 2030.
The leading players in the Hydroxycinnamic Acids Market are Cayman Chemical, NATIONAL ANALYTICAL, TCI Chemicals, AdooQ BioScience, and Nanjing NutriHerb BioTech. And others.