Sialic Acid Market Size, Share, Growth, and Industry Analysis by Type (Solid, Liquid), by Application (Infant Nutrition, Cosmetics and Personal Care, Dietary Supplements, Others), and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

SIALIC ACID MARKET REPORT OVERVIEW

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The global sialic acid market size was USD 18.1 million in 2022 and the market is projected to touch USD 43.71 million by 2031, exhibiting a CAGR of 10.29% during the forecast period.

Sialic acid is a type of sugar molecule that is found on the surface of many cells in the human body. Sialic acid, also known as N-acetylneuraminic acid, is a naturally occurring monosaccharide that plays a dynamic role in various biological processes. It is found in high concentrations in human breast milk, eggs, and certain mammalian glycoproteins. Sialic acid acts as a receptor for various viruses, bacteria, and toxins, thus playing an essential role in the immune response and cellular acknowledgement. In the pharmaceutical sector, it is applied for the production of drugs and vaccines due to its immune-boosting properties. In the food and preservatives industry it is used as a natural preservative and flavour relish. Sialic acid is also engaged in cosmetics for its moisturizing and anti-aging effects. 

Increasing usage of sialic acid as a crucial constituent in infant milk formula. The growth of infant formula milk is ascribing to the growth of demand of women throughout world who are working and looking for appropriate alternative or substitute to breast milk. The development of brain is directly linked with mothers milk that contains high concentration of sialic acid. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact : Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

SIALIC ACID MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into solid, liquid.

Solid will capture the maximum market share through forecast period.

Sialic acid, a type of sugar acid, is available in both solid and liquid forms in the market. The solid market refers to the availability of sialic acid in a solid state, such as powder or crystalline form. It is used in the production of supplements, cosmetics, and pharmaceuticals. Liquid market involves sialic acid being offered in a liquid form, either as a solution or suspension. It is commonly utilized in the food and beverage industry, as well as in pharmaceutical formulations.

• By Application Analysis

According to application, the market can be segmented into infant nutrition, cosmetics and personal care, dietary supplements, others.

Sialic acid market share players cover segment as infant nutrition will dominate the market share during forecast period. Sialic acid as a key ingredient in infant milk formula. Sialic acid is also employed in cosmetics for its moisturizing and anti-aging effects. Demand for dietary supplements and nutraceuticals is expected to drive market growth. Sialic acid is known to enhance brain development, improve cognitive functions, and support the immune system.

DRIVING FACTORS

"Increasing Demand For Functional Food Products To Boost The Market Growth"

Sialic acid 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. 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. It is being incorporated into various food and beverage products due tomits potential immune enhancing properties.

"Technological Advancement and Development To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the sialic acid market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.  The pharmaceutical and biotechnological companies are investing heavily in research and development activities to explore the therapeutic potential of sialic acid. 

RESTRAINING FACTORS

"Lack of awareness To Hamper The Market Growth"

Lack of awareness is hampering development of sialic acid market. Lack of awareness about utility of sailic acid in several different industries is the major cause which is likely to hamper the market growth. Lack of knowledge about its benefits and limited availability restraints the growth. Technical difficulties will reduce the industry revenue.

SIALIC ACID MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Region Due To Rapidly Growing Consumer Base"

Asia Pacific is further expected to witness growth in the sialic acid share. The region is dominating the market due to rapidly growing consumer base such as personal care, and pharmaceutical. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Wuxi Accobio Biotech Inc. (China)
• Rose Scientific Inc (U.S.)
• R&S Pharmchem Co., Ltd (China)
• Carbosynth Limited (U.S.)
• Zhongke Hongji Biotechnology (China)

INDUSTRIAL DEVELOPMENT

2020:  Wuxi Accobio Biotech Inc. has gained immense expertise in supplying & trading of Natural plant extract and others. The supplier company is located in Wuxi, Jiangsu and is one of the leading sellers.  

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.