Chlorogenic Acid Market Size, Share, Growth, and Industry Analysis, By Type (Honeysuckle Extract (HPLC 5%-20%), Honeysuckle Extract (HPLC 98%), Eucommia Extract (HPLC 5%-30%), Eucommia Extract (HPLC 50%-90%), Eucommia Extract (HPLC 98%), Green Coffee Bean Extract (HPLC 45%-50%) and Others), By Application (Supplements, Pharmaceuticals, Cosmetics and Others) Regional Forecast to 2027

Updated On: 15 April 2024

chlorogenic acid market REPORT OVERVIEW

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The global chlorogenic acid market size was USD 139 million in 2020 and is projected to touch USD 172.9 million by 2027, exhibiting a CAGR of 3.1% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels except this.

The market is a promising market with a number of advantages. The growing demand for natural health products, the widespread availability of chlorogenic acid, and its potential health benefits are all driving the demand for chlorogenic acid. Chlorogenic acid is a relatively inexpensive compound and is widely available, making it a cost-effective option for people who are looking for a natural way to improve their health.

COVID-19 Impact: Imposed Restrictions In The Economy Which Led To A Decline In Demand For The Market

The COVID-19 pandemic has had a significant impact on the chlorogenic acid market. The pandemic has caused a disruption in the supply chain, leading to shortages of chlorogenic acid. This has caused prices for chlorogenic acid to increase. The pandemic has also led to a decline in demand for chlorogenic acid. This is because people are spending less time outside and exercising less, which has led to a decrease in the demand for dietary supplements. However, the pandemic has also created new opportunities for the market. The pandemic has led to an increased interest in natural health products, and chlorogenic acid is a natural compound that has been shown to have a number of health benefits. This has led to an increase in demand for chlorogenic acid in the dietary supplement market. Overall, the COVID-19 pandemic has had a mixed impact on the market. The pandemic has caused a disruption in the supply chain and led to shortages of chlorogenic acid. However, the pandemic has also created new opportunities for the market, such as the increased demand for natural health products.

LATEST TRENDS

"Higher Standards Of Performance By Increase In Infrastructure Spending To Grow Market Potentially"

The market is constantly evolving, and new trends are emerging all the time. Some of the latest trends include the increasing demand for natural health products, the growing popularity of green coffee extract, the development of new delivery methods, and the increased research on the health benefits of chlorogenic acid. Additionally, chlorogenic acid is being increasingly used in functional foods and beverages, and researchers are developing new chlorogenic acid derivatives. The online sales of chlorogenic acid are also increasing.

These trends are expected to drive the demand for chlorogenic acid in the coming years. The market is a promising market with a lot of potential, and it will be interesting to see how it develops in the future.

chlorogenic acid market SEGMENTATION

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• By Type

Based on type the market share is classified as Honeysuckle Extract (HPLC 5%-20%), Honeysuckle Extract (HPLC 98%), Eucommia Extract (HPLC 5%-30%), Eucommia Extract (HPLC 50%-90%), Eucommia Extract (HPLC 98%), Green Coffee Bean Extract (HPLC 45%-50%) and others.

• By Application                                          

Based on application the market share is classified as Supplements, Pharmaceuticals, Cosmetics and Others.

DRIVING FACTORS

"Increasing Demand For Natural Health Products Which Leads To The Market Growth"

There is a growing demand for natural health products, and chlorogenic acid is a natural compound that has been shown to have a number of health benefits. This is driving the demand for chlorogenic acid in the dietary supplement market.

"Growing Popularity Of Green Coffee Extract For Market Growth"

Green coffee extract is a concentrated source of chlorogenic acid, and it is becoming increasingly popular as a weight loss supplement. Studies have shown that green coffee extract can help to increase metabolism and suppress appetite, which can lead to weight loss.

RESTRAINING FACTOR

"Several Challenges Associated with the Local Irritation to Restrain the Market Growth"

The market is a promising market with a number of growth drivers. However, there are also some restraining factors that could limit its chlorogenic acid market growth. These include the high cost of production, limited availability of raw materials, government regulations, side effects, and competition from other natural health products. Additionally, there is limited research on the long-term effects of chlorogenic acid, and many consumers are not aware of its health benefits. Finally, brand competition could make it difficult for new entrants to the market to compete.

Despite these restraining factors, the market is expected to grow in the coming years. The market is expected to benefit from the increasing demand for natural health products and the growing popularity of green coffee extract.

chlorogenic acid market REGIONAL INSIGHTS

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"North America Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

North America to hold the largest chlorogenic acid market share. This is due to the increasing demand for natural health products in the region. The United States is the largest market in North America, followed by Canada. This growth is being driven by the increasing demand for natural health products, the growing popularity of green coffee extract, and the development of new delivery methods.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is a competitive market with a number of key players. The leading players in the market are Naturex, EUROMED SA, Applied Food Sciences, Sabinsa Corporation, Nanjing Zelang, Zhejiang Skyherb, Indfrag, Cymbio Pharma, Changsha E.K HERB, and Nutragreen Biotechnology. These companies have a strong presence in the global market and are involved in the production, supply, and marketing of chlorogenic acid. They also invest in research and development to develop new and innovative products based on chlorogenic acid.

The success of these companies can be attributed to a number of factors, including strong R&D capabilities, global reach, strong marketing and distribution channels, and brand reputation. These companies are well-positioned to continue to grow in the market in the coming years.

List of Market Players Profiled

• Naturex (France)
• EUROMED SA (Spain)
• Applied Food Sciences (U.S.)
• Sabinsa Corporation (U.S.)
• Nanjing Zelang (China)
• Zhejiang Skyherb (China)
• Indfrag (India)
• Cymbio Pharma (India)
• Changsha E.K HERB (China)
• Nutragreen Biotechnology (China)
• Changsha Nulant Chem Co., Ltd (China)
• Changsha staherb natural ingredients (China)
• Xi'an Hao-xuan Bio-tech Co., Ltd (China)
• FLAVOUR TROVE (Singapore)
• Chenguang Biotech (China)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.