US Sialic Acid Market

us sialic acid market Overview

North America stands as the dominant force in the sialic acid market, claiming a substantial 53.08% share of the total market in 2018. Projected to experience a moderate growth rate during the forecast period from 2019 to 2024, the regional market's prominence is attributed to several factors. Chief among them is the presence of major manufacturers equipped with advanced extraction and purification technology for sialic acid. Additionally, the region benefits from the ready availability of diverse sources of sialic acid, including porcine, bovine, and ovine milk. The robust growth of the sialic acid market in North America is further fueled by the increasing demand for essential products such as infant formula, dietary supplements, and functional food and beverages. The region has witnessed a surge in health consciousness, with consumers actively seeking products that offer nutritional and functional benefits. This rising demand contributes significantly to the expansion of various end-use industries for sialic acid. One of the key drivers for the growth of the sialic acid market in North America is the demographic composition, with millennials emerging as a pivotal consumer segment. In 2015, millennials, aged 18 to 34 years, and Gen Xers, aged 35 to 50 years, each represented 34% of the workforce in the country. This substantial presence in the workforce positions millennials as a major consumer group for products enriched with sialic acid. The demand is further amplified by the significant number of working females in the age group of 25 to 40, contributing to the increasing consumption of infant milk formula. The high prevalence of working females in the specified age group underscores the changing dynamics of the workforce and its impact on consumer behavior. With more women actively participating in the workforce, there is an increased need for convenient and nutritionally rich alternatives, particularly in the realm of infant nutrition. This shift is a direct driver for the growing demand for infant milk formula, which often incorporates sialic acid to emulate the nutritional benefits of breast milk. Moreover, the expanding end-use industries for sialic acid in North America are closely linked to the region's rising per capita disposable incomes. As disposable incomes increase, consumers are more inclined to invest in products that offer health and wellness benefits. This trend contributes to the flourishing market for sialic acid in various applications, ranging from infant nutrition to dietary supplements and functional food and beverages.

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US Sialic Acid Market Research Report Information by Form (Solid and Liquid), Application (Infant Nutrition, Dietary Supplements, Cosmetics and Personal Care and others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2027

us sialic acid market Overview

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