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The global sialic acid market has experienced consistent growth in recent years and is poised to reach USD 15,225.3 thousand by 2024, exhibiting a Compound Annual Growth Rate (CAGR) of 12.19%. Sialic acid, a nine-carbon monosaccharide, is gaining prominence for its cognitive benefits. The market's upward trajectory is propelled by increased demand in the infant milk formula sector and the expanding organized retail segment. Furthermore, advancements in the pharmaceutical industry, augmented consumer awareness, and strategic product placement by market players are anticipated to be significant growth drivers in the foreseeable future. However, the market faces challenges due to stringent government regulations and guidelines that may impede its growth.
One of the primary drivers of the sialic acid market is its widespread utilization in infant milk formula. Sialic acid plays a crucial role in cognitive development, making it a valuable component in baby formulas. As the global population becomes more conscious of the nutritional needs of infants and the importance of early cognitive development, the demand for infant milk formula fortified with sialic acid is on the rise. This trend is expected to persist, contributing significantly to the market's growth.
The organized retail sector also plays a pivotal role in propelling the sialic acid market forward. With an increasing number of consumers preferring organized retail channels, the accessibility and availability of products containing sialic acid are expanding. Organized retail not only enhances the reach of these products but also allows for better product visibility and consumer education. As consumers become more informed about the benefits of sialic acid, the market is likely to witness sustained growth, driven by increased sales through organized retail channels.
The pharmaceutical industry's advancements further contribute to the positive trajectory of the sialic acid market. As research and development in pharmaceuticals continue to evolve, the applications of sialic acid in drug formulations are expanding. Sialic acid's role in various physiological processes makes it a valuable component in pharmaceutical products, thereby opening new avenues for market growth. Pharmaceutical companies are recognizing the potential of sialic acid, leading to increased incorporation in drug development and formulation.
Moreover, rising consumer awareness about health and nutrition is a key factor driving the demand for products enriched with sialic acid. Consumers are increasingly seeking products that offer cognitive and overall health benefits. This awareness, coupled with the strategic placement of sialic acid-enriched products by market players, is anticipated to further boost market growth.
However, despite the optimistic outlook, the sialic acid market faces challenges stemming from stringent government regulations and guidelines. Regulatory frameworks governing the use of sialic acid in various products, particularly in the food and pharmaceutical industries, may pose obstacles to market expansion. Adhering to these regulations while ensuring product innovation and efficacy is a delicate balance that market players must navigate.
Sialic Acid Market Highlights:
Global Sialic Acid Market Overview
According to the latest report, the global sialic acid market size is predicted to reach USD 15,225.3 thousand to register a CAGR of 12.19% by the end of the year 2027. Sialic acid is a lipophilic MONOHYDROXYBENZOIC acid or a class of alpha-keto acid sugar with a nine-carbon backbone. N-Acetyl-D-neuraminic acid (NANA) is an omnipresent and ENDOGENEOUS nutritional monosaccharide, it plays an important part in numerous events biologically, and it is also predominant in cell membranes. Sialic acid helps in cell signaling, mostly at the synapse of neural transmission of electrochemical signals. It is a colorless and odorless crystalline organic acid that acts as an intervening in personal care and industries and pharmaceutical industries.
There are several factors that are contributing to the global sialic acid market growth, such as the increasing usage of sialic acid as a key ingredient in infant milk formula. Hence the growth of infant formula milk is attributing to the growth of demand of the women across the globe who are working and looking for a suitable alternative or substitute to breast milk. The development of the brain cell is directly linked with mother’s milk that contains high concentrations of sialic acid. It also helps in reducing the risk of meningitis in children and allows the overall development of the brain. Furthermost, the rising growth of the retail sectors in the last few years due to the rise of drugstores, fitness stores, nutrition, and specific retail stores that sell beverages and foods is another major factor that is contributing to the growth of the global sialic acid market. Sialic acid helps to enhance the development of the brain and also acts as antioxidants. It is widely used as a key ingredient in several beverages and food products, with the rising demand for functional beverages and foods is ultimately increasing the demand for sialic acid. Furthermost, the rise in the easy obtain ability of such products through e-commerce channels has increased the volume of sales of functional beverages and foods globally.
This report contains all the information on the global sialic acid market analysis, research, and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global sialic acid industry forecast to 2024 is also included in the report.
Covid 19 Analysis
The outbreak of covid 19 globally is likely to hamper the growth of several industries and due to the initiatives of the government for complete lockdown is several courtiers is likely to affect the supply chain of the products, but in the case of sialic acid, bit could be used to treat the covid 19 patients within a combined therapy in order to decreases the viral load and inflammation which is directly associated with respiratory distress syndrome. However, the global sialic acid market trends are expected to witness significant growth due to the outbreak of the global pandemic covid 19.
Market Dynamic
DriversThe rise in demand for the infant milk formula among ladies across the globe who are looking for alternatives for breast milk pr the ladies who are looking for reasonable choices to breast milk is likely to contribute to the growth of the global sialic acid industry. Moreover, the requirement of infant milk formula globally is boosting the sialic acid market growth.
OpportunitiesThe rise in uses of infant milk formulas in the organized retail sector from the past few years is likely to create opportunities for the sialic acid industry. The rise in uses of sialic acid in drugstores, fitness stores, and nutrition, and most specifically in retail stores that are selling functional beverages and foods, is creating opportunities for the key players in global sialic acid market. The obtainability of these products in several retail stores such as supermarket, hypermarkets, and specialty stores which are accessible to consumers.
RestraintsThe lack of awareness about the utility of sialic acid in several different industries is the major cause which likely to hamper the growth of the global sialic acid industry.
ChallengesThe sudden rise in demand for the sialic acid for the treatment of the covid 19 affected patience has raised the demand for the sialic acid and hence disrupted the supply chain of the sialic acid to the other industry, which can be considered as the major challenge for the global sialic acid industry.
Cumulative Growth Analysis
The presence of the major key manufacturers in the North America region with highly advanced equipment for the purification and extraction of sialic acid and the easy obtain ability of several sources of sialic, including porcine, bovine, and ovine mil, is predicted to boost the growth of the global sialic acid market trends in this region.
Sialic acid includes crystallized and powered acid in solid form, which is known as dehydrated or dry sialic acid. However, the liquid sialic acid is very popular due to its blending properties, which can be considered as a mixture of ingredients without pulling out any texture of its own.
Value Chain Analysis
According to the latest report, the global sialic acid market has been segmented on the basis of form, application, and region. On the basis of form, the global sialic acid industry has been further segmented into solid and liquid. The solid segment is expected to generate the largest sialic acid market revenue share of 95.51% in the year 2018, and it is predicted to register a significant growth rate of 12.27% during the forecast period of 2019 to 2024.
On the basis of application, the global sialic acid market has been segmented on the basis of infant nutrition, dietary supplements, cosmetics and personal care products, and others. The infant nutrition segment accounted for the maximum sialic acid industry share of about 61.62% in the global sialic acid industry in the year 2018. Moreover, the cosmetics and personal care product segment are predicted to register the highest growth rate of about 12.96% during the forecast period.
Segmentation Overview
The market is segmented on the basis of form, application, and region. The global sialic acid market is expected to witness decent growth during the forecast period.
By Application
Based on the application, the market is segmented into infant nutrition, dietary supplements, cosmetics and personal care products, and others.
By end-users
Based on the propulsion types, the market is segmented into solid and liquid.
Regional Analysis
According to the latest research report, on the basis of region, the global sialic acid industry has been segmented into North America, Europe, Asia-pacific, and the rest of the world. North America has accounted for the largest sialic acid market share for about 53.08% of the total market share in the year 2018; the regional market is predicted to register an appropriate growth rate during the forecast period of 2019 and 2024 due to the presence of the key manufacturers in this region.
The European region is expected to witness significant growth due to the increasing consumer demand for infant milk formula and dietary supplements. The Asia-pacific market has accounted for the lowest market share of about 10.24% in the global sialic acid market in the year 2018. Furthermost, it is predicted to register the highest growth rate of about 12.64% during the forecast period of 2019 to 2024.
Competitive Landscape
The global sialic acid market is highly competitive due to the presence of major key manufacturers in developing countries. The major key players operating in the global sialic acid market are focused on launching products, acquisitions and expanding the footprints in the global sialic acid industry by entering untapped markets.
Major Key Players
- Inbiose NV (Belgium)
- Nacalai Tesque (Japan)
- R&S Pharmchem Co., Ltd (China)
- Rose Scientific Inc. (US)
- Carbosynth Limited (UK)
- Jennewein Biotechnologie GmbH (Germany)
- Wuhan Zhongke Optics Valley Green Biotechnology Co., Ltd (China).
Recent developmentsThe rising obtainability of products through e-commerce channels has boosted the sales of functional foods and beverages globally.
Market Segmentation: Global Market, by Form
- Solid
- Liquid
Global Market, by Application
- Infant Nutrition
- Dietary Supplements
- Cosmetics and Personal Care Products
- Others
Global Market, by Region
North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia & New Zealand
- Rest of Asia-Pacific
Rest of the World (RoW)
-
America
-
Middle East
-
Africa
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