Market Research Future has published a cooked research report on the global sialic acid market from 2020 to 2027.
Market Research Future (MRFR) recognizes Inbiose NV (Belgium), Nacalai Tesque (Japan), R&S Pharmchem Co., Ltd (China), Rose Scientific Inc. (US), Carbosynth Limited (UK), Jennewein Biotechnologie GmbH (Germany), and Wuhan Zhongke Optics Valley Green Biotechnology Co., Ltd (China) as the key players in the global sialic acid market.
Market Highlights
The global sialic acid market is estimated to be valued at USD 15,225.3 thousand by 2027 and is expected to register a CAGR of 12.19% during the forecast period.
The solid segment dominated the global sialic acid market, by form, and is projected to reach USD 14,602.4 thousand by 2027. The segment is also projected to be the fastest-growing during the forecast period.
North America dominated the market, accounting for the largest share of the market in 2017, and the regional market is expected to register a CAGR of 12.11% during the review period. The Asia-Pacific market is expected to be the fastest-growing at the highest CAGR of 12.64% during the forecast period. In Europe, the market is projected to reach USD 5,257.4 thousand by the end of 2027.
Segment Analysis
The global sialic acid market has been segmented on the basis of form, application, and region.
On the basis of form, the market has been divided into solid and liquid. Sialic acid in solid form includes powdered and crystalized acid and is also known as dry or dehydrated sialic acid. Solid sialic acid is preferred in the food and pharmaceuticals industries owing to its superior blending properties with other ingredients and high shelf life as compared to the liquid form.
On the basis of application, the market has been divided into infant nutrition, dietary supplements, cosmetics and personal care products, and others. The infant nutrition segment accounted for 61.62% of the market share in 2018. However, the cosmetics and personal care products segment is projected to register the highest growth rate of 12.96% during the forecast period. Breast milk is a rich source of sialic acid, N-acetylneuraminic, especially in the early stages of lactation. Sialic acid is thought to play a crucial role in the structural and functional establishment of synaptic pathways by facilitating the binding of transmitter molecules to the synaptic membrane. Furthermore, sufficient sialic acid supply is essential in neonates and very-low-birth-weight infants for normal brain development. In dietary applications, sialic acid supplements are available in the form of candies, gummies, tablets, capsules, soft gels, gel caps, powders, and liquids.
Regional Analysis
Geographically, the global sialic acid market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America was the largest market for sialic acid in 2017 and is expected to remain dominant during the review period. Asia-Pacific is expected to account for the highest growth rate during the forecast period. The growing markets for infant milk formula and dietary supplements are expected to propel the growth of the sialic acid market in the region. The US accounted for the largest share of 76.75% of the North American market in 2017 and the country-level market is projected to register a CAGR of 12.06% during the forecast period.
Key Findings of the Study:
- The global sialic acid market is projected to reach USD 15,225.3 thousand by 2024 at a 12.19% CAGR during the review period of 2020 to 2027.
- North America accounted for the largest market share with the US being the major contributor to the growth of the market in 2018.
- The solid segment is projected to register the highest CAGR of 12.27% during the forecast period.
Key manufacturers are adopting product launches, expansions, and corporate acquisitions as growth strategies. Moreover, they are focusing on improved material use and sales through online retail channels
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 77 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.