p-Coumaric Acid Market Size & Growth Analysis to 2030

The global p-Coumaric acid market size accounted for around USD 148 Mn in 2020 and the market volume was estimated at around 353 thousand MT.

Market Drivers:

Increasing Demand in Food and Beverage Industry: p-Coumaric acid is widely used as a food additive and flavoring agent in the food and beverage industry. It is known for its antioxidant properties and ability to enhance the flavor and aroma of various food products. The growing demand for natural food ingredients and the desire for healthier and more natural food choices have contributed to the increased use of p-coumaric acid in the food and beverage sector.

Rising Awareness of Health Benefits: p-Coumaric acid is a phenolic compound found in various plants and is known for its potential health benefits. It exhibits antioxidant, anti-inflammatory, and antimicrobial properties, which have attracted attention in the field of nutraceuticals and dietary supplements. The increasing consumer awareness of the health benefits associated with p-coumaric acid has driven its demand in the market.

Growing Cosmetics and Personal Care Industry: p-Coumaric acid is also utilized in the cosmetics and personal care industry. It is known for its skin-lightening and anti-aging properties, making it a desirable ingredient in skincare products. The expanding cosmetics and personal care industry, driven by factors like increasing consumer focus on personal grooming and rising disposable income, has contributed to the growth of the p-coumaric acid market.

Research and Development Activities: Ongoing research and development activities focused on exploring the potential applications and benefits of p-coumaric acid have played a role in market growth. Studies have indicated its potential as an anti-cancer agent, as well as its ability to modulate metabolic disorders and improve cardiovascular health. These findings have generated interest in the compound, leading to increased demand and market growth.

Sustainable and Natural Product Trends: With growing environmental concerns and a shift towards sustainability, there is an increasing demand for natural and eco-friendly products. p-Coumaric acid, being a naturally occurring compound found in plants, aligns with these trends. The market has witnessed an upsurge in demand for natural ingredients, including p-coumaric acid, in various industries, such as food, cosmetics, and pharmaceuticals.

Favorable Regulatory Environment: The regulatory environment surrounding the use of p-coumaric acid has also played a role in market growth. Regulatory agencies in various countries have approved the use of p-coumaric acid as a food additive and ingredient in cosmetic formulations. This approval has facilitated its incorporation into various products and encouraged its adoption in different industries.

Market Snapshot:

Executive Summary:

the p-Coumaric acid (p-CA) is a hydroxycinnamic acid, an organic compound that is a hydroxyl derivative of cinnamic acid. P-CA is the most abundant isomer in nature and can be found in a wide variety of edible plants such as fungi, peanuts, navy beans, tomatoes, carrots, basil, and garlic. Moreover, it has many biological functions such as anti-oxidant, anti-inflammatory, antidiabetic, anti-ulcer, anti-platelet, anti-cancer activities, etc. The antioxidant activities of p-CA in reducing oxidative stress and inflammatory reactions have been demonstrated in various experimental models. p-Coumaric acid has the optimal structure to be a competitive inhibitor of tyrosinase that catalyzes key reactions in the melanin biosynthetic pathway. Experimental evidence supports this notion as it was found to be a more potent inhibitor of tyrosinase, especially toward human enzymes, than other well-known tyrosinase inhibitors such as arbutin and kojic acid. p-Coumaric acid inhibited melanin synthesis in murine melanoma cells, human epidermal melanocytes, and reconstituted three-dimensional human skin models.

The enhanced use of p-coumaric acid (p-CA) across different applications such as pharmaceuticals and healthcare, cosmetics, chemical, food, and others is projected to drive the growth of the market in the coming years. The growing research and development activities across different industries including healthcare, cosmetics, and others for the use of P-Coumaric acid (p-CA) is further estimated to enhance the market demand over the forecast period. Moreover, the increased demand for alcoholic beverages such as wine across emerging economies such as India, Brazil, and others will also enhance the market demand. The global p-coumaric acid (p-CA) market is estimated to reach US$ XX Million by 2027, starting from US$ 148 Million in 2020 at a significant CAGR during the forecast period.

The p-coumaric acid comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Application:

• Pharmaceutical
• Cosmetic
• Chemical
• Food
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, the p-coumaric acid market report comprises dedicated sections centering on the regional market revenue and trends. The p-coumaric acid market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The p-coumaric acid market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. P-coumaric acid market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market Key players operating in the global p-coumaric acid market are Shandong Holly, Shandong YangCheng, Zhuhai Jiayi, and Lianyungang Guosheng. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Shandong Holly
• Shandong YangCheng
• Zhuhai Jiayi
• Lianyungang Guosheng
• MedicalChem (Yancheng)
• Cixiang Medicine
• Others

Key Questions Answered by p-Coumaric Acid Market Report

• Global p-coumaric acid market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• P-coumaric acid submarket forecasts from 2023-2030 covering the market by application and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level p-coumaric acid markets from 2023-2030
• Competitive Landscape and market positioning of the top 10 players operating in the market