The Ursolic Acid Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ursolic Acid Global Market Report 2024, The ursula acid market size has grown strongly in recent years. It will grow from $0.01 billion in 2023 to $0.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to traditional herbal medicine, pharmaceutical research, growing health awareness, cosmetic and skincare applications, research on anti-inflammatory effects.
The ursula acid market size is expected to see strong growth in the next few years. It will grow to $0.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing prevalence of lifestyle diseases, nutraceutical market growth, rising demand for herbal supplements, cancer research and therapies, sustainable sourcing.. Major trends in the forecast period include natural and herbal supplementation-inflammatory applications, the increasing use of ursolic acid in cosmetics and skincare products,anti-obesity supplements, sustainable sourcing.
The increasing prevalence of cardiovascular diseases is expected to drive the growth of the ursolic acid market in the coming years. Ursolic acid has the potential to lower the heart rate, inhibit reproducing cell nuclear antigen expression in injured artery cells, and reduces lipid peroxide levels by scavenging free radicals. For instance, in October 2022, according to an article published by Centers for Disease Control and Prevention, a US-based public health agency, heart disease is the leading cause of death in the United States for men, women, and people of most racial and ethnic groups. About 695,000 people in the United States died from heart disease in 2021, which is approximately 1 in every 5 deaths. Therefore, the increasing prevalence of cardiovascular diseases propels the growth of the ursolic acid market.
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The ursolic acid market covered in this report 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
Major companies operating in the ursolic acid market are increasing their focus on introducing broad-spectrum mineral sunscreens to gain a competitive edge in the market. Broad-spectrum mineral sunscreens are a type of sun protection product that contains active ingredients such as zinc oxide or titanium dioxide. This type of sunscreen protects a wide range of ultraviolet (UV) radiation, making it effective at preventing sunburn. For instance, in August 2022, MALIN + GOETZ Inc., a US-based skincare company, launched SPF 30 Mineral Sunscreen as part of its skincare offerings. This sunscreen incorporates niacinamide, vitamin E, ursolic acid, antioxidants, and non-nano zinc oxide to offer protection against UV rays and environmental stressors suitable for all skin types and tones. The sunscreen, adopting Malin+Goetz’s MicroSperse technology for easy and rapid absorption, also provides water-resistant, broad-spectrum defense.
The ursolic acid market report table of contents includes:
1. Executive Summary
2. Ursolic Acid Market Characteristics
3. Ursolic Acid Market Trends And Strategies
4. Ursolic Acid Market – Macro Economic Scenario
5. Global Ursolic Acid Market Size and Growth
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26. South America Ursolic Acid Market
27. Brazil Ursolic Acid Market
28. Middle East Ursolic Acid Market
29. Africa Ursolic Acid Market
30. Ursolic Acid Market Competitive Landscape And Company Profiles
Top Major Players:
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