The global carnosic acid market is expected to jump in value from USD 92.7 million in 2024 to USD 152.4 million by 2034. From 2024 to 2034, the CAGR of the market is put forward to be 10.1%.
| Attributes | Key Insights |
|---|---|
| Estimated Global Carnosic Acid Market Size (2024E) | USD 92.7 million |
| Projected Carnosic Acid Market Value (2034F) | USD 152.4 million |
| Value-based CAGR (2024 to 2034) | 10.1% |
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The global carnosic acid market witnessed solid growth in the historical period, with a CAGR of 7.8%.
The market is expected to register a CAGR of 10.1% through 2034.
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The table below shows the estimated growth rates of the top five countries. Japan, the United Kingdom, and Canada are set to record high CAGRs of 10.1%, 7.3%, and 8.1%, respectively, through 2034.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 5.6% |
| United Kingdom | 7.3% |
| Japan | 10.1% |
| Canada | 8.1% |
| Germany | 3.9% |
The table below explains the carnosic acid market size of the leading five countries for 2034. Among them, the United States is anticipated to remain at the forefront by reaching a valuation of USD 35.4 million. It is set to be followed by Germany, reaching USD 4.9 million by 2034.
| Countries | Country Wise Value (2034) |
|---|---|
| United States | USD 35.4 million |
| United Kingdom | USD 4.7 million |
| Japan | USD 3.5 million |
| Canada | USD 4.2 million |
| Germany | USD 4.9 million |
Carnosic acid demand in the United States is anticipated to rise at a steady CAGR of 5.6% during the forecast period. The reason for the increase in demand is a result of the following factors:
China's carnosic acid industry is poised to roll on at a favorable pace in the forthcoming decade. Key factors responsible for market growth include:
The demand for carnosic acid is poised to increase at a CAGR of 7.3% in the United Kingdom through 2034. Some key trends emerging in the United Kingdom include:
Japan's carnosic acid market is expected to reach a valuation of around USD 3.5 million by 2034. Top factors supporting the market expansion in the country include:
The carnosic acid market is projected to increase in Germany at a CAGR of 3.9% through 2034. Some factors responsible for market growth are as follows:
The section below shows the food preservatives segment dominating by function. It is predicted to hold a market share of 50.2% in 2034. Based on form, the powder segment is anticipated to generate a dominant share through 2024. It is set to hold a share of 65.5% in 2034.
| Segment | Market Share (2034) |
|---|---|
| Food Preservatives (Function) | 50.2% |
| Pharmaceuticals (Application) | 35.3% |
| Powder (Form) | 65.5% |
In the function category, the food preservative segment is anticipated to register a CAGR of 7.7%, with the valuation of the segment poised to reach USD 76.5 million in 2034. Factors supporting growth of the segment are:
Pharmaceutical application is anticipated to book a CAGR of 6.5%, reaching USD 54.1 million in value in 2034.
The powder form segment is anticipated to thrive at 8.5% CAGR during the projection period.
The carnosic acid market is highly competitive, with some of the top manufacturers operating at a multinational level. Major companies are indulging in extensive research and development activities. Some of the key developmental opportunities that market players are indulging in include rising efforts toward product portfolio diversification and increasing merger and acquisition activities.
Company Profiles
The market is set to reach USD 92.7 million in 2024.
Demand for carnosic acid is slated to expand at a 10.1% CAGR by 2034.
The market is set to reach USD 152.4 million in 2034.
Matrix Life Science, DC Cedar Oil, and Cedar Oil Industries are the key players.
The powder segment is estimated to hold a significant market share in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Introduction/ Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side Drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends By Region
3.5. Forecast Factors - Relevance & Impact
3.6. Key Regulations and Policies
4. Value Chain Analysis
4.1. Operating margins at each node of the supply chain
4.2. List of Active Market Participants
5. Global Market- Pricing Analysis
5.1. Price Point Assessment by Region
5.1.1. Manufacturer-Level Pricing
5.1.2. Distributor Level Pricing
5.2. Price Point Assessment By Product
5.3. Price Forecast till 2034
6. Global Market Size (in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023
6.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Function
7.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Function, 2019 to 2023
7.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Function, 2024 to 2034
7.2.1. Antioxidant
7.2.2. Food Preservatives
7.3. Market Attractiveness Analysis By Function
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
8.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Application, 2019 to 2023
8.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Application, 2024 to 2034
8.2.1. Food
8.2.2. Dietary Supplements
8.2.3. Pharmaceuticals
8.2.4. Pet Foods
8.2.5. Cosmetics/Personal Care
8.3. Market Attractiveness Analysis By Application
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
9.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Form, 2019 to 2023
9.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Form, 2024 to 2034
9.2.1. Liquid
9.2.2. Powder
9.3. Market Attractiveness Analysis By Form
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
10.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023
10.2. Current Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034
10.2.1. North America
10.2.2. Latin America
10.2.3. Europe
10.2.4. East Asia
10.2.5. South Asia
10.2.6. Oceania
10.2.7. Middle East and Africa
10.3. Market Attractiveness Analysis By Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. United States
11.2.1.2. Canada
11.2.2. By Function
11.2.3. By Application
11.2.4. By Form
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Function
11.3.3. By Application
11.3.4. By Form
11.4. Key Takeaways
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Brazil
12.2.1.2. Mexico
12.2.1.3. Argentina
12.2.1.4. Rest of Latin America
12.2.2. By Function
12.2.3. By Application
12.2.4. By Form
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. Function
12.3.3. By Application
12.3.4. By Form
12.4. Key Takeaways
13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. Germany
13.2.1.2. United kingdom
13.2.1.3. France
13.2.1.4. Italy
13.2.1.5. Spain
13.2.1.6. BENELUX
13.2.1.7. Nordic
13.2.1.8. Russia
13.2.1.9. Poland
13.2.1.10. Rest of Europe
13.2.2. By Function
13.2.3. By Application
13.2.4. By Form
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Function
13.3.3. By Application
13.3.4. By Form
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Function
14.2.3. By Application
14.2.4. By Form
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Function
14.3.3. By Application
14.3.4. By Form
14.4. Key Takeaways
15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. India
15.2.1.2. Thailand
15.2.1.3. Malaysia
15.2.1.4. Indonesia
15.2.1.5. Singapore
15.2.1.6. Vietnam
15.2.1.7. Philippines
15.2.1.8. Rest of South Asia
15.2.2. By Function
15.2.3. By Application
15.2.4. By Form
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Function
15.3.3. By Application
15.3.4. By Form
15.4. Key Takeaways
16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Country
16.2.1.1. Australia
16.2.1.2. New Zealand
16.2.2. By Function
16.2.3. By Application
16.2.4. By Form
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Function
16.3.3. By Application
16.3.4. By Form
16.4. Key Takeaways
17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
17.2. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
17.2.1. By Country
17.2.1.1. GCC Countries
17.2.1.2. Turkiye
17.2.1.3. Egypt
17.2.1.4. South Africa
17.2.1.5. Rest of Middle East and Africa
17.2.2. By Function
17.2.3. By Application
17.2.4. By Form
17.3. Market Attractiveness Analysis
17.3.1. By Country
17.3.2. By Function
17.3.3. By Application
17.3.4. By Form
17.4. Key Takeaways
18. Country-level Market Analysis, 2024
18.1. United States Market Analysis
18.1.1. By Function
18.1.2. By Application
18.1.3. By Form
18.2. Canada Market Analysis
18.2.1. By Function
18.2.2. By Application
18.2.3. By Form
18.3. Brazil Market Analysis
18.3.1. By Function
18.3.2. By Application
18.3.3. By Form
18.4. Mexico Market Analysis
18.4.1. By Function
18.4.2. By Application
18.4.3. By Form
18.5. Argentina Market Analysis
18.5.1. By Function
18.5.2. By Application
18.5.3. By Form
18.6. Germany Market Analysis
18.6.1. By Function
18.6.2. By Application
18.6.3. By Form
18.7. United Kingdom Market Analysis
18.7.1. By Function
18.7.2. By Application
18.7.3. By Form
18.8. France Market Analysis
18.8.1. By Function
18.8.2. By Application
18.8.3. By Form
18.9. Italy Market Analysis
18.9.1. By Function
18.9.2. By Application
18.9.3. By Form
18.10. Spain Market Analysis
18.10.1. By Function
18.10.2. By Application
18.10.3. By Form
18.11. Belgium Market Analysis
18.11.1. By Function
18.11.2. By Application
18.11.3. By Form
18.12. Netherlands Market Analysis
18.12.1. By Function
18.12.2. By Application
18.12.3. By Form
18.13. Nordic Market Analysis
18.13.1. By Function
18.13.2. By Application
18.13.3. By Form
18.14. Russia Market Analysis
18.14.1. By Function
18.14.2. By Application
18.14.3. By Form
18.15. Poland Market Analysis
18.15.1. By Function
18.15.2. By Application
18.15.3. By Form
18.16. China Market Analysis
18.16.1. By Function
18.16.2. By Application
18.16.3. By Form
18.17. Japan Market Analysis
18.17.1. By Function
18.17.2. By Application
18.17.3. By Form
18.18. South Korea Market Analysis
18.18.1. By Function
18.18.2. By Application
18.18.3. By Form
18.19. India Market Analysis
18.19.1. By Function
18.19.2. By Application
18.19.3. By Form
18.20. Thailand Market Analysis
18.20.1. By Function
18.20.2. By Application
18.20.3. By Form
18.21. Malaysia Market Analysis
18.21.1. By Function
18.21.2. By Application
18.21.3. By Form
18.22. Vietnam Market Analysis
18.22.1. By Function
18.22.2. By Application
18.22.3. By Form
18.23. Philippines Market Analysis
18.23.1. By Function
18.23.2. By Application
18.23.3. By Form
18.24. Indonesia Market Analysis
18.24.1. By Function
18.24.2. By Application
18.24.3. By Form
18.25. Singapore Market Analysis
18.25.1. By Function
18.25.2. By Application
18.25.3. By Form
18.26. Australia Market Analysis
18.26.1. By Function
18.26.2. By Application
18.26.3. By Form
18.27. New Zealand Market Analysis
18.27.1. By Function
18.27.2. By Application
18.27.3. By Form
18.28. GCC Countries Market Analysis
18.28.1. By Function
18.28.2. By Application
18.28.3. By Form
18.29. Turkiye Market Analysis
18.29.1. By Function
18.29.2. By Application
18.29.3. By Form
18.30. Egypt Market Analysis
18.30.1. By Application
18.30.2. By Form
18.31. South Africa Market Analysis
18.31.1. By Function
18.31.2. By Application
18.31.3. By Form
19. Market Structure Analysis
19.1. Global Competition - a Dashboard View
19.2. Industry Structure Analysis
19.2.1. % Tier 1 Market Players
19.2.2. % Tier 2 Market Players
19.2.3. % Tier 3 Market Players
19.3. Global Market Company Share Analysis
19.3.1. For Tier 1 Market Players, 2023
19.3.2. Company Market Share Analysis of Top 5 Players, By Region
19.4. Key Participants Market Presence (Intensity Mapping) by Region
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Matrix Life Science
20.3.1.1. Product Portfolio
20.3.1.2. Product Claim
20.3.1.3. Revenue by Market Segments
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.1.5.1. Marketing Strategy
20.3.1.5.2. Product Strategy
20.3.1.5.3. Channel Strategy
20.3.1.6. SWOT Analysis
20.3.2. DC Cedar Oil
20.3.3. Cedar Oil Industries
20.3.4. Jiangxi Global Natural Spices Co., Ltd
20.3.5. HuBei JuSheng Technology
20.3.6. Wuhan Shenqu Biological Chemical Co., Ltd.
20.3.7. Texas Cedar Oil
20.3.8. Grayden CedarWorks
20.3.9. Watson Industries, Inc.
20.3.10. Hangzhou Dayangchem Co., Ltd.
20.3.11. Abernutra Industries Limited
20.3.12. Other Players (On Additional Requests)
21. Assumptions and Acronyms Used
22. Research Methodology
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Carnosic Acid Market
