Global Ursolic Acid Industry Market Report by 2026

Global Ursolic Acid Industry Market Report by 2026

According to the report, the Ursolic Acid market is expected to grow from USD 818 million in 2019 to USD 1,086 million by 2026, growing at a CAGR of 4.13% from 2019 to 2026.

• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026

Description:  

The ursolic Acid market is expected to witness growth due to a growing demand for Ursolic Acid in various applications. The global Ursolic Acid market is estimated to be USD 818 million in 2019 and is expected to reach USD 1,086 million by 2026, with a CAGR of 4.13% during the forecast period.

Ursolic acid is a ubiquitous pentacyclic triterpenoid compound. It is a biologically active compound found in many plants (a phytochemical).

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Competitive Insights

Key players in the Ursolic Acid market cover Sabinsa, Sami Labs, Changsha Staherb Natural Ingredients, Run Shaanxi Days of Bio-tech, and Shaanxi Huike Botanical Development. Other players in the Ursolic Acid market are Changsha Luyuan Bio-Tech, Xuancheng Baicao Pharmaceutical, Changsha E.K HERB, Shaanxi Jintai Biological Engineering, Hunan NutraMax, Xi'an TonKing, Zhangjiajie Hengxing Biological Technology, MicroHerb, Geneham Pharmaceutical, Acetar Bio-Tech, Shaanxi Hopeland Chem-Tech, Xi'an Tianben Bio-Engineering, AiKang Biological, and others.

Regional Insights

In 2018, the global Ursolic Acid market was mainly concentrated in the three regions of Asia-Pacific, North America, and Europe, with the market share of 48.37%, 21.63%, and 18.75% respectively, accounting for a total of 88.75%. Asia-Pacific is the largest market with a proportion of 75.31 %. China is the largest producer in the Asia-Pacific region of ursolic acid and is expected to dominate the market during the forecast period.

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Type Insights

By product type, the Ursolic Acid market is segmented into 90% Ursolic Acid, 50% Ursolic Acid, and 25% Ursolic Acid.

Application Insights

Based on application, this market is divided into Food＆Health Care Products Industry, Cosmetic Industry, and Pharmaceutical Industry.

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Audience

l  Ursolic Acid manufacturers

l  Raw material suppliers of Ursolic Acid

l  Distributors and resellers of Ursolic Acid

l  Ursolic Acid industry associations

l  Product managers, Ursolic Acid industry administrator, C-level executives of the industries

l  Market Research and consulting firms

l  Small and Medium-sized Enterprises (SMEs)