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Ursolic acid market to reach valuation of US$ 16.8 MN by 2030: TRANSPARENCY MARKET RESEARCH
Ursolic Acid Market: IntroductionThe global ursolic acid market is forecast to be valued at US$ 8.2 Mn in 2020. The ursolic acid market is projected to expand at a CAGR of 7.5%, with an incremental value of 1.4 Mn by 2030.
Due to ongoing innovations and customer trends, research and development in food and beverage ingredients is experiencing significant expansion. As a result, product developers have turned to new devices in digital technology, Big Data, artificial intelligence, and bioinformatics to stay in sync with food and beverage companies that need creative, unique ideas that can help to market their products quickly. Food and beverage companies are also focusing on research and development activities to enhance the nutritional and multifunctional profile of food items to offer high health benefits. Hence, the ever-rising demand for natural ingredients is expected to result in significantly high sales of fish protein-based products during the forecast period. In the meantime, the U.S. purchasers are demanding natural and healthy ingredients in food and beverages.
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Growing Inclination toward Non-modified Functional Ingredients
The increase in health-conscious population has significantly fueled the demand for non-GMO food ingredients. In the global food & beverages industry, the trend indicates need for manufacturers offering non-GMO certified products to their customers. Parents are becoming more concerned about the ingredients used in baby products, creating a demand for non-GMO food ingredients, thus resulting in preference for non-modified functional ingredients. This is impacting market growth.
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Ursolic Acid Market Segmentation
Ursolic Acid Market by Product Type
25% Ursolic Acid
50% Ursolic Acid
90% Ursolic Acid
98% Ursolic Acid
Others
Ursolic Acid Market by Form
Powdered Extract
Liquid Extract
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Ursolic Acid Market by End Use
Food and Beverage
Nutraceuticals
Pharmaceuticals
Cosmetics
Ursolic Acid Market by Region
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
U.K.
BENELUX
Russia
Spain
France
Italy
Rest of Europe
East Asia
China
Japan
South Korea
South Asia
Thailand
Indonesia
Malaysia
Singapore
Rest of South Asia
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Oceania
Australia
New Zealand
Middle East & Africa
GCC Countries
Turkey
South Africa
Northern Africa
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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