ID: MRFR/F-B & N/6235-CR | April 2019 | Region: Global | 77 pages
According to the latest report, the global sialic acid market size is predicted to reach USD 15,225.3 thousand to register a CAGR of 12.19% by the end of the year 2024. Sialic acid is a lipophilic MONOHYDROXYBENZOIC acid or a class of alpha-keto acid sugar with a nine-carbon backbone. N-Acetyl-D-neuraminic acid (NANA) is an omnipresent and ENDOGENEOUS nutritional monosaccharide, it plays an important part in numerous events biologically, and it is also predominant in cell membranes. Sialic acid helps in cell signaling, mostly at the synapse of neural transmission of electrochemical signals. It is a colorless and odorless crystalline organic acid that acts as an intervening in personal care and industries and pharmaceutical industries.
There are several factors that are contributing to the global sialic acid market growth, such as the increasing usage of sialic acid as a key ingredient in infant milk formula. Hence the growth of infant formula milk is attributing to the growth of demand of the women across the globe who are working and looking for a suitable alternative or substitute to breast milk. The development of the brain cell is directly linked with mother’s milk that contains high concentrations of sialic acid. It also helps in reducing the risk of meningitis in children and allows the overall development of the brain. Furthermost, the rising growth of the retail sectors in the last few years due to the rise of drugstores, fitness stores, nutrition, and specific retail stores that sell beverages and foods is another major factor that is contributing to the growth of the global sialic acid market. Sialic acid helps to enhance the development of the brain and also acts as antioxidants. It is widely used as a key ingredient in several beverages and food products, with the rising demand for functional beverages and foods is ultimately increasing the demand for sialic acid. Furthermost, the rise in the easy obtain ability of such products through e-commerce channels has increased the volume of sales of functional beverages and foods globally.
This report contains all the information on the global sialic acid market analysis, research, and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global sialic acid industry forecast to 2024 is also included in the report.
Covid 19 Analysis
The outbreak of covid 19 globally is likely to hamper the growth of several industries and due to the initiatives of the government for complete lockdown is several courtiers is likely to affect the supply chain of the products, but in the case of sialic acid, bit could be used to treat the covid 19 patients within a combined therapy in order to decreases the viral load and inflammation which is directly associated with respiratory distress syndrome. However, the global sialic acid market trends are expected to witness significant growth due to the outbreak of the global pandemic covid 19.
The rise in uses of infant milk formulas in the organized retail sector from the past few years is likely to create opportunities for the sialic acid industry. The rise in uses of sialic acid in drugstores, fitness stores, and nutrition, and most specifically in retail stores that are selling functional beverages and foods, is creating opportunities for the key players in global sialic acid market. The obtainability of these products in several retail stores such as supermarket, hypermarkets, and specialty stores which are accessible to consumers.
The lack of awareness about the utility of sialic acid in several different industries is the major cause which likely to hamper the growth of the global sialic acid industry.
The sudden rise in demand for the sialic acid for the treatment of the covid 19 affected patience has raised the demand for the sialic acid and hence disrupted the supply chain of the sialic acid to the other industry, which can be considered as the major challenge for the global sialic acid industry.
Cumulative Growth Analysis
The presence of the major key manufacturers in the North America region with highly advanced equipment for the purification and extraction of sialic acid and the easy obtain ability of several sources of sialic, including porcine, bovine, and ovine mil, is predicted to boost the growth of the global sialic acid market trends in this region.
Sialic acid includes crystallized and powered acid in solid form, which is known as dehydrated or dry sialic acid. However, the liquid sialic acid is very popular due to its blending properties, which can be considered as a mixture of ingredients without pulling out any texture of its own.
Value Chain Analysis
According to the latest report, the global sialic acid market has been segmented on the basis of form, application, and region. On the basis of form, the global sialic acid industry has been further segmented into solid and liquid. The solid segment is expected to generate the largest sialic acid market revenue share of 95.51% in the year 2018, and it is predicted to register a significant growth rate of 12.27% during the forecast period of 2019 to 2024.
On the basis of application, the global sialic acid market has been segmented on the basis of infant nutrition, dietary supplements, cosmetics and personal care products, and others. The infant nutrition segment accounted for the maximum sialic acid industry share of about 61.62% in the global sialic acid industry in the year 2018. Moreover, the cosmetics and personal care product segment are predicted to register the highest growth rate of about 12.96% during the forecast period.
The market is segmented on the basis of form, application, and region. The global sialic acid market is expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into infant nutrition, dietary supplements, cosmetics and personal care products, and others.
Based on the propulsion types, the market is segmented into solid and liquid.
According to the latest research report, on the basis of region, the global sialic acid industry has been segmented into North America, Europe, Asia-pacific, and the rest of the world. North America has accounted for the largest sialic acid market share for about 53.08% of the total market share in the year 2018; the regional market is predicted to register an appropriate growth rate during the forecast period of 2019 and 2024 due to the presence of the key manufacturers in this region.
The European region is expected to witness significant growth due to the increasing consumer demand for infant milk formula and dietary supplements. The Asia-pacific market has accounted for the lowest market share of about 10.24% in the global sialic acid market in the year 2018. Furthermost, it is predicted to register the highest growth rate of about 12.64% during the forecast period of 2019 to 2024.
The global sialic acid market is highly competitive due to the presence of major key manufacturers in developing countries. The major key players operating in the global sialic acid market are focused on launching products, acquisitions and expanding the footprints in the global sialic acid industry by entering untapped markets.
Major Key Players
The rising obtainability of products through e-commerce channels has boosted the sales of functional foods and beverages globally.
Market Segmentation: Global Market, by Form
Global Market, by Application
Global Market, by Region
Rest of the World (RoW)
Frequently Asked Questions (FAQ) :
The global sialic acid market is anticipated to grow at a CAGR of 12.19% during the forecast period.
The major key factor that is driving the growth of the global sialic acid market is the rise in demand for the infant milk formula among the ladies across the globe who are looking for alternatives for breast milk or the ladies who are looking for reasonable choices to breast milk.
Cosmetic and personal care product is the largest segment in the global Sialic Acid market.