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Global Gallic acid Market Analysis by Product Type, End-User Industry, Application Region and segments forecast till 2033
Market Overview
The Global Gallic Acid Market size was at USD 76.49 Million in 2022, and it is predicted that it will reach a valuation of USD 150.37 Million by the end of 2033 with an annual development rate (CAGR) of 7.80% between 2022 and 2033.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 76.49 Million |
Market Forecast in 2033 | USD 150.37 Million |
CAGR % 2023-2033 | 7.80% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Product Type, End-User Industry, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Wego chemical Group, GALLOCHEM, CDH Fine Chemicals, TCI Chemicals, Sigma Aldrich, Cayman chemicals, Jiurui Biology, Bei Yuan, Chemical, Hunan Linong, Tianxin Biotech, Xiangxi Gaoyuan, Chicheng Biotech, JPN Pharma, Hunan Shineway, WENZHOU OUHAI, EMBL-EBI, LKT Laboratories, MedChemExpress, Hubei Tianxin Biotech Co, Ltd and others. |
The amorphous solid is called Gallic Acid. It has a white to off-white colour. It is soluble in water and hygroscopic in nature. It is an anti-oxidant which occurs naturally in various natural products such as red fruits, tea leaves, sumac, bear berry, hazelnut, oak bark and other serval plants. Sometimes, it can be found in the form of hydrolysable and ester as well. It is a photosensitive material, and it has to be kept in a dark and cold room. The increasing demand for Gallic Acid in the pharmaceutical industry is expected to register substantial growth over the forecast period. Gallic Acid has Anti-Viral and Anti-fungal qualities, and is a strong anti-oxidant product that aids in protecting cells from oxidative damage. Gallic Acid has a unique ability to fight against cancer cells without damaging the healthy cells.
Furthermore, it is also used for treating diabetes and albuminuria. The Uprising use of Gallic Acid to treat inflammation, cancer, neurological disorders, hepatitis C, HCV infection and cardiovascular maladies is anticipated to accelerate the market demand. Gradually, people have become more health-conscious and want to live healthy life along with a healthy diet. As health cognizance has been increasing, the trend for a healthy diet coupled with the natural properties of Gallic acid being anti-oxidant, anti-microbial and anti-mutagenic, the craze for food containing Gallic Acid is also on the rise.
Day by day, the knowledge about the Gallic Acid has been spreading in the market. Therefore, the demand for Gallic Acid in the general food industry is anticipated to grow as a food additive in food products, which it not found naturally. It will accelerate the progression of the Gallic Acid market. Gallic acid is being used in pharmacology to communicate medicinal properties that are neuroprotective and hepatoprotective, and its anti-microbial and anti-carcinogenic qualities make it an essential intermediary. Ongoing research on Gallic Acid demonstrates an excellent future for the Gallic acid market in the therapeutic and pharmaceutical industry.
Gallic acid is widely used in the cosmetic industry, especially for the making of dyes for hair products and leather. It is immensely advantageous in the hair fashion industry in our society. The market for good leather products has constantly been expanding. The demand for good quality leather products is also on the rise, owing to the per capita income growth in developed and developing nations.
Product Type Insights
The Food Grade Gallic Acid segment has been dominating the market and is projected to amplify at a rapid CAGR compared to other product types. This growth is attributed to the increasing awareness about the Gallic acid health benefits and the craze for food containing Gallic acid.
End-User Industry Insights
The cosmetics and personal care segment presently dominates the market and accounts for a significant market share in the global market. It can be credited to expanding the cosmetic and fashion industry and the rise in per capita income. However, the Pharmaceutical and food & feed industry segments are also anticipated to register substantial expansion over the forecast period. This progression is attributed to the rising awareness about the health benefits of Gallic acid and its medicinal properties, such as anti-carcinogenic and anti-microbial.
Application Insights
The medical application segment dominated the market and accounted for the largest global Gallic acid market share in 2020. This growth is ascribed to its important use in the pharmaceutical and therapeutic industry. However, the Medical application, followed by Antioxidants and food additive segments, is expected to witness substantial growth in the forecast period.
Regional Insights
North America dominated the Gallic acid market and accounted for the largest revenue share in the global revenue in 2020. This high share is attributed to the rising consumption across several end-use industries, such as cardiovascular prevention & treatment and pharmaceutical industries for cancer. However, the Asia Pacific region is also anticipated to witness significant growth in the forthcoming years. This growth is credited to the rise in Gallic acid consumption in the pharmaceutical and food industry throughout the Asia Pacific.
Competitive Analysis
The prominent players influencing the competitive hierarchy of the market sphere are Wego chemical Group, GALLOCHEM, CDH Fine Chemicals, TCI Chemicals, Sigma Aldrich, Cayman chemicals, Jiurui Biology, Bei Yuan, Chemical, Hunan Linong, Tianxin Biotech, Xiangxi Gaoyuan, Chicheng Biotech, JPN Pharma, Hunan Shineway, WENZHOU OUHAI, EMBL-EBI, LKT Laboratories, MedChemExpress, Hubei Tianxin Biotech Co, Ltd and others.
Global Gallic acid Market- Segmental Analysis
By Product type:
Food Grade Gallic Acid
Pharma Grade Gallic Acid
Industrial Grade Gallic Acid
Other
By Application:
Medical Application
Biological Activity
Anti-oxidants
Food Additive
Reagent
Others
By End-User Industry:
Cosmetics and Personal Care
Pharmaceutical
Ink and Dye
Food and Feed Industry
Electronic Industry
Paper Industry
Other
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Gallic acid Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Gallic acid Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the End-User Industry in taking a key decision within the business:
Company Share Analysis from 2020-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by End-User Industry/End-User Industry
Company Share Analysis by Product/Specification
1. Global Gallic Acid Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Gallic Acid Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million & Tons)
1.4. Global Gallic Acid Market Scope and Market Estimation
1.4.1. Global Gallic Acid Overall Market Size (US$ Million & Tons), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Gallic Acid Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Gallic Acid Market Segmentation
1.5.1. Type of Global Gallic Acid Market
1.5.2. Technology of Global Gallic Acid Market
1.5.3. Application of Global Gallic Acid Market
1.5.4. End-user of Global Gallic Acid Market
1.5.5. Key Regions of Global Gallic Acid Market
2. Global Gallic Acid Market - Executive Summary
2.1. Global Gallic Acid Market Summary & Snapshot
2.2. Global Gallic Acid Market, By Type (US$ Million)
2.3. Global Gallic Acid Market, By Technology (US$ Million)
2.4. Global Gallic Acid Market, By Application (US$ Million)
2.5. Global Gallic Acid Market, By End-user (US$ Million)
2.6. Global Gallic Acid Market, By Geography (US$ Million)
2.7. Global Gallic Acid Market Outlook & Future Opportunities
3. Gallic Acid Market Trends, Outlook, and Factors Analysis
3.1. Global Gallic Acid Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Gallic Acid Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Gallic Acid Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Surge in the demand for Gallic Acid in pharmaceutical industry due to its anti-fungal and anti-viral properties.
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Restraints
3.2.2.1. Lack of specific research and detail knowledge regarding the Gallic Acid and characteristics
3.2.2.2. Restraint 2
3.2.2.3. Restraint 3
3.2.3. Opportunities
3.2.3.1. Increased awareness of a healthy lifestyle and a growth in the trend of healthy eating
3.2.3.2. Opportunity 2
3.2.3.3. Opportunity 3
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Gallic Acid Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Gallic Acid Market
3.9.1. By Type
3.9.2. By Application
3.9.3. By Application
3.9.4. By End-user
3.9.5. By Regions
4. Global Gallic Acid Market: Estimates & Historic Trend Analysis (2019 to 2021)
4.1. Global Gallic Acid Market, 2020 2021 (US$ Million)
4.2. Global Gallic Acid Market, By Type (US$ Million)
4.3. Global Gallic Acid Market, By Application (US$ Million)
4.4. Global Gallic Acid Market, By End-user (US$ Million)
4.5. Global Gallic Acid Market, By Region, 2020 to 2021 (US$ Million)
5. Global Gallic Acid Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Gallic Acid Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2. Global Gallic Acid Market Revenue & Volume (US$ Million & Tons) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1. Food Grade Gallic Acid
5.2.2. Pharma Grade Gallic Acid
5.2.3. Industrial Grade Gallic Acid
5.2.4. Others
6. Global Gallic Acid Market Estimates & Forecast Trend Analysis, by Application
6.1. Global Gallic Acid Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
6.2. Global Gallic Acid Market Revenue & Volume (US$ Million & Tons) Estimates and Forecasts, by Application, 2022 to 2033
6.2.1. Medical Application
6.2.2. Biological Activity
6.2.3. Antioxidants
6.2.4. Food Additives
6.2.5. Reagent
6.2.6. Others
7. Global Gallic Acid Market Estimates & Forecast Trend Analysis, by End-user
7.1. Global Gallic Acid Market Share (%) Estimates and Forecasts, by End-user, 2022 & 2033
7.2. Global Gallic Acid Market Revenue & Volume (US$ Million & Tons) Estimates and Forecasts, by End-user, 2022 to 2033
7.2.1. Cosmetics and Personal care
7.2.2. Pharmaceutical
7.2.3. Ink and Dye
7.2.4. Food and Feed Industry
7.2.5. Electronic Industry
7.2.6. Paper Industry
7.2.7. Others
8. Global Gallic Acid Market Analysis and Forecast, by Region
8.1. Global Gallic Acid Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global Gallic Acid Market Revenue & Volume (US$ Million & Tons) Estimates and Forecasts, by Region, 2022 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. South America
9. North America Gallic Acid Market: Estimates & Forecast Trend Analysis
9.1. North America Gallic Acid Market Assessments & Key Findings
9.2. North America Gallic Acid Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Gallic Acid Market Size Estimates and Forecast (US$ Million & Tons) (2022 to 2033)
9.3.1. By Type
9.3.2. By Application
9.3.3. By End-user
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe Gallic Acid Market: Estimates & Forecast Trend Analysis
10.1. Europe Gallic Acid Market Assessments & Key Findings
10.2. Europe Gallic Acid Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Gallic Acid Market Size Estimates and Forecast (US$ Million & Tons) (2022 to 2033)
10.3.1. By Type
10.3.2. By Application
10.3.3. By End-user
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Russia
10.3.4.7. Rest of Europe (includes all other European countries)
11. Asia Pacific Gallic Acid Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Gallic Acid Market Assessments & Key Findings
11.2. Asia Pacific Gallic Acid Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Gallic Acid Market Size Estimates and Forecast (US$ Million & Tons) (2022 to 2033)
11.3.1. By Type
11.3.2. By Application
11.3.3. By End-user
11.3.4. By Major Country
11.3.4.1. China
11.3.4.2. Japan
11.3.4.3. India
11.3.4.4. ASEAN
11.3.4.5. South Korea
11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Gallic Acid Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Gallic Acid Market Assessments & Key Findings
12.2. Middle East & Africa Gallic Acid Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Gallic Acid Market Size Estimates and Forecast (US$ Million & Tons) (2022 to 2033)
12.3.1. By Type
12.3.2. By Application
12.3.3. By End-user
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. South America Gallic Acid Market: Estimates & Forecast Trend Analysis
13.1. South America Market Assessments & Key Findings
13.2. South America Gallic Acid Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. South America Gallic Acid Market Size Estimates and Forecast (US$ Million & Tons) (2022 to 2033)
13.3.1. By Type
13.3.2. By Application
13.3.3. By End-user
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of South America (includes all other South America countries)
14. Competitive Landscape
14.1. Gallic Acid Market Revenue Share Analysis (%), by Major Players (2021)
14.2. Gallic Acid Market Competition Matrix, by Leading Players
14.3. Gallic Acid List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. Alfa Chemistry
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. Anmol Chemicals Group
15.3. Avenex Chemical Technologies LLP
15.4. Bei Yuan Chemical
15.5. Cayman Chemical
15.6. Central Drug House, LTD
15.7. Gallochem co., LTD
15.8. Glentham Life Sciences
15.9. Hubei Tianxin Biotech Co., Ltd
15.10. Hunan Linong Gallnut Industry Development Co., Ltd
15.11. Hunan Shineway Enterprise Co., Ltd
15.12. Jiurui Biology & Chemistry Co., Ltd
15.13. JPN Pharma Pvt. Ltd
15.14. MedChemExpress LLC
15.15. Otto Chemie Pvt Ltd
15.16. Ralington Pharma LLP
15.17. Sigma Aldrich (Merck Group)
15.18. TCI Chemicals Pvt. Ltd
15.19. Wufeng Chicheng Biotech Co.,Ltd
15.20. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts