Ellagic Acid Market Competitive Analysis With Growth Forecast Till 2030

Ellagic Acid: Introduction

Ellagic acid is a plant-derived polyphenol compound mainly found in fruits & vegetables such as blackberries, blueberries, raspberries, strawberries, and pomegranates. It is generally present in fruits in a complex form called ellagitannin, a component of hexahydroxydiphenic acid.

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Research studies indicate that dietary and supplementary doses of ellagic acid can inhibit enzyme production in viruses, bacteria, and fungi. This prevents them from penetrating inside the body where they can cause diseases. According to a research, ellagic acid has found to shrink the growth of cancerous tumors by hampering cancer cell growth.

Ellagic acid is also known for its anti-oxidant properties. It removes toxins from human body and safeguards it against harmful molecules known as free radicals. Certain plants produce ellagic acid from hydrolysis of ellagitannin to provide natural UV protection as well as defense against bacterial and fungal pathogens.

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Key Drivers of Ellagic Acid Market

Ellagic acid is primarily used as an ingredient in the cosmetic industry. Production and consumption of ellagic acid is highly dependent on the production of cosmetic products, which offer skin-whitening and anti-wrinkling benefits. Ellagic acid can inhibit the formation of melanin. Therefore, it is ideal for usage in whitening skin-care products such as facial cleansers, emulsion, essence, facial masks, and skin-care creams. Furthermore, ellagic acid hampers the growth of matrix metalloproteinase (MMP), an enzyme that signals collagen breakdown. It helps improve the skin’s elasticity, which may result in the diminishing of fine lines and wrinkles.

According to a report published by Cosmetics Europe, the cosmetic industry in Europe was valued at US$ 89.37 Bn in 2019. Of this, Germany (US$ 15.68 Bn), France (US$ 13.47 Bn), the U.K. (US$ 12.08 Bn), Italy (US$ 11.62 Bn), Spain (US$ 7.88 Bn), and Poland (US$ 5.44 Bn) were the major contributors. The cosmetic & personal care industry in Europe is estimated to expand owing to increase in investment from outside the EU region and rise in R&D activities. This, in turn, is projected to boost the ellagic acid market.

As per the information published by the WHO, cancer is second leading cause of death all around the world with an estimated 9.6 million deaths in 2018. Almost 70% of deaths come from low and middle class income countries. The number of new cancer cases per year is expected to rise to 23.6 million by 2030 as per the information published by International Agency for Research on Cancer. Increase in cancer cases in low and middle income countries is anticipated to drive the demand of ellagic acid during the forecast period, as ellagic acid has anti-carcinogenic properties that help prevent cancer diseases.

However, there is no significant research to support its use for cancer treatment. Nevertheless, several companies market their cosmetic & pharmaceutical products emphasizing on their anti-carcinogenic properties.
Consumer preference for plant-based cosmetic products has been increasing across the globe. Ellagic acid is primarily used as a primary ingredient in shampoos, moisturizer creams, and sunscreen creams. Increase in disposable income of individuals is anticipated to boost the demand for cosmetics products, thereby propelling the demand for ellagic acid in the near future.

Key Restraint of Ellagic Acid Market

The U.S. Food and Drug Administration (US FDA) has issued several warning letters to a large number of U.S.-based sellers who claim to cure cancer by consuming their dietary supplements. There is ambiguity over the effects of ellagic acid on cancer cells. This can hamper the market in the near future.

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Covid-19 Impact on Ellagic Acid Market

The COVID-19 pandemic has had a severe impact on the cosmetic industry. The cosmetic industry contributes significantly to the global ellagic acid market. However, the global cosmetic industry is facing supply-chain issues due to the COVID-19 pandemic. Several offline stores that provide cosmetic products shut down in many countries during the pandemic. Major cosmetic companies such as L’Oréal S.A. and Estée Lauder experienced a decline in sales in the first half of the 2020 compared to that in the previous year.
Key Players Operating in Global Market
Key players operating in the global ellagic acid market include:

Shanghai Kanwinn Pharmchem Ltd.
Baoji Runyu Bio-Technology Co., Ltd.
Otto Chemie Pvt Ltd
Xena Bio Herbals Pvt. Ltd
Arjuna Natural Pvt Ltd.
Aktin Chemicals, Inc.
Hale Cosmeceuticals Inc.
Biomax
Plamed Green Science Group
Wuhan Vanz Pharm Inc.
Nanjing Longyuan Natural Polyphenol Synthesis Factory

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