The Ursolic Acid Global Market Report 2023, provides comprehensive information on the ursolic acid market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Ursolic Acid Global Market Report 2023, the market size is expected to grow from $0.01 billion in 2022 to $0.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of ursolic acid market is expected to grow to $0.01 billion in 2027 at a CAGR of 7.1%.
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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. According to the Korea Customs Service statistics, In 2020, France ($433 million) was the largest exporter to Korea, followed by the United States ($337 million) and Japan ($161 million). The total export of K-beauty products and the balance of trade have increased by approximately 16% and 14%, respectively, over the previous year. In 2021, skincare cosmetics remained the most important import category, accounting for 34.17 percent, or $560 million, of total cosmetic imports. The next largest import categories were perfumes and scents, followed by haircare products. Thus, the increasing penetration of ursolic acid in the cosmetic industry drives the growth of the ursolic acid market.
The ursolic acid market is segmented:
1) By Type: 25% Ursolic Acid, 50% Ursolic Acid, 90% Ursolic Acid, 98% Ursolic Acid, Other Types
2) By Form: Powdered Form, Capsules, Liquid Form
3) By End-Use: Pharmaceuticals, Food and Beverage, Cosmetics, Nutraceuticals, Other End-Uses
North America was the largest region in the ursolic acid market in 2022.
The table of contents in TBRC’s ursolic acid market report includes:
- Executive Summary
- Ursolic Acid Market Characteristics
- Ursolic Acid Market Trends And Strategies
- Ursolic Acid Market – Macro Economic Scenario
- Ursolic Acid Market Size And Growth
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- Africa Ursolic Acid Market
- Ursolic Acid Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Ursolic Acid Market
- Ursolic Acid Market Future Outlook and Potential Analysis
- Appendix
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