The report on the global AEA salicylic acid market provides qualitative and quantitative analysis for the period from 2021-2030. The global salicylic acid market was valued at USD 554.42 million in 2022 and is expected to reach USD 951.46 million in 2030, with a CAGR of 6.14% during the forecast period 2023-2030. The study on AEA salicylic acid market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.
Growing plea for packaged and ready-to-eat food has significantly increased the use of AEA Salicylic acid in the Food & Beverage industry owing to its preservative, antiseptic, and bactericidal properties.
Since salicylic acid prevents fermentation and spoilage of food it has gained a traction of popularity in the aforementioned industry hence elevating its demand.
Furthermore, the use of salicylic acid in the cosmetic industry has significantly mandated its presence in acne-fighting skincare products due to its ability to reduce inflammation, exfoliate the skin, refine the skin pores, and degrease the skin. According to the American Academy of Dermatology, nearly 50 million Americans are getting affected by Acne annually i.e. tentatively 85%. In addition, escalating use of salicylic acid in manufacturing shampoos, and conditioners to treat hair conditions is further uplifting the demand for AEA salicylic acid.
The use of AEA salicylic acid and its derivatives (Aspirin) in the pharmaceutical industry has garnered opportunistic growth owing to its numerous uses in manufacturing medications for several chronic diseases such as cardiovascular disorders and dementia. In addition, salicylic acid has always been investigated to be the parent ingredient in products used to treat skin and hair disorders. Owing to its, anti-irritant, antifungal, and pain-killing actions, it is frequently used to cure colds, coughs, and fevers. Further, it is one of the largest-selling pharmaceutical products worldwide.
Further, changing food preferences from conventional to convenience packaged food products across the region owing to the rising number of women employees and hectic work schedules have stage multiple prospects, since the presence of salicylic acid increases the shelf-life of packaged products and minimizes the incidence of fermentation. For instance, according to Northeastern University's Network Science Institute, nearly 70% of the North American population consumes ultra-processed food. Owing to rigorous growth in the food & beverage industry the market is anticipated to grow momentously over the forecast period.
2. Complete coverage of all the segments in the AEA salicylic acid market to analyze the trends, developments in the global market, and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global AEA salicylic acid market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.
Growing plea for packaged and ready-to-eat food has significantly increased the use of AEA Salicylic acid in the Food & Beverage industry owing to its preservative, antiseptic, and bactericidal properties.
Since salicylic acid prevents fermentation and spoilage of food it has gained a traction of popularity in the aforementioned industry hence elevating its demand.
Furthermore, the use of salicylic acid in the cosmetic industry has significantly mandated its presence in acne-fighting skincare products due to its ability to reduce inflammation, exfoliate the skin, refine the skin pores, and degrease the skin. According to the American Academy of Dermatology, nearly 50 million Americans are getting affected by Acne annually i.e. tentatively 85%. In addition, escalating use of salicylic acid in manufacturing shampoos, and conditioners to treat hair conditions is further uplifting the demand for AEA salicylic acid.
The Pharmaceutical Industry Segment is Expected to Dominate the Market
The global market for AEA salicylic acid is further bifurcated into sub-segments i.e. by Form, by Grade, and by End-use industry. The End-use industry is further segmented into Cosmetics Industry, Pharmaceuticals Industry, Food & Beverage Industry, and Dye Industry. The pharmaceutical industry segment is anticipated to dominate the market growth during the forecast period.The use of AEA salicylic acid and its derivatives (Aspirin) in the pharmaceutical industry has garnered opportunistic growth owing to its numerous uses in manufacturing medications for several chronic diseases such as cardiovascular disorders and dementia. In addition, salicylic acid has always been investigated to be the parent ingredient in products used to treat skin and hair disorders. Owing to its, anti-irritant, antifungal, and pain-killing actions, it is frequently used to cure colds, coughs, and fevers. Further, it is one of the largest-selling pharmaceutical products worldwide.
The North American Region is Expected to be the Dominating Region in the Global AEA Salicylic Acid Market
The global AEA salicylic acid market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. North America is predicted to dominate the global market by augmenting the highest market share. Increasing per capita spending on premium cosmetic care products in the region is anticipated to prevail in the market for AEA salicylic acid.Further, changing food preferences from conventional to convenience packaged food products across the region owing to the rising number of women employees and hectic work schedules have stage multiple prospects, since the presence of salicylic acid increases the shelf-life of packaged products and minimizes the incidence of fermentation. For instance, according to Northeastern University's Network Science Institute, nearly 70% of the North American population consumes ultra-processed food. Owing to rigorous growth in the food & beverage industry the market is anticipated to grow momentously over the forecast period.
Report Findings
1) Drivers
- Growing plea for packaged and ready-to-eat food has significantly increased the use of AEA salicylic acid in the food & beverage industry owing to its preservative, antiseptic, and bactericidal properties.
- Increasing incidences of cardiovascular disorders owing to unhealthy lifestyle patterns have significantly propelled the use of salicylic acid’s derivative aspirin in treatment procedures
2) Restraints
- Stringent rules and regulations mandated by the government with respect to the use of salicylic acid are anchoring the market growth
3) Opportunities
- Escalating manufacturer’s interest to launch innovative and effective AEA salicylic acid products is offering lucrative prospects for market growth in the forecast years.
Research Methodology
A) Primary Research
The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include- 1. Key Opinion Leaders associated with the publisher
- 2. Internal and External subject matter experts
- 3. Professionals and participants from the industry
The primary research respondents typically include
- 1. Executives working with leading companies in the market under review
- 2. Product/brand/marketing managers
- 3. CXO level executives
- 4. Regional/zonal/country managers
- 5. Vice President level executives
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.The secondary sources of the data typically include
- 1. Company reports and publications
- 2. Government/institutional publications
- 3. Trade and associations journals
- 4. Databases such as WTO, OECD, World Bank, and among others.
- 5. Websites and publications by research agencies
Segments Covered
The global AEA salicylic acid market is segmented on the basis of form, grade, and end-use industry.The Global AEA Salicylic Acid Market by Form
- Powder
- Liquid
The Global AEA Salicylic Acid Market by Grade
- Technical Grade
- Pharmaceutical Grade
- Others
The Global AEA Salicylic Acid Market by End-use Industry
- Cosmetics Industry
- Pharmaceuticals Industry
- Food & Beverage Industry
- Dye Industry
Company Profiles
The companies covered in the report include
- Kadillac Chemicals Pvt. Ltd.
- Jiangsu Wanlong Chemical Co., Ltd.
- Emerald Kalama Chemical (acquired by LANXESS)
- Haihang Industry
- Shimmer Chemicals Pvt. Ltd.
- Merck KGaA
- J.M. Loveridge Ltd
- BELL CHEM CORP.
- Alta Laboratories Ltd
- Salicylates And Chemicals Pvt. Ltd.
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the AEA salicylic acid market.2. Complete coverage of all the segments in the AEA salicylic acid market to analyze the trends, developments in the global market, and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global AEA salicylic acid market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.
Table of Contents
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Global AEA Salicylic Acid Market Overview
Chapter 5. Global AEA Salicylic Acid Market by Form
Chapter 6. Global AEA Salicylic Acid Market by Grade
Chapter 7. Global AEA Salicylic Acid Market by End-use Industry
Chapter 8. Global AEA Salicylic Acid Market by Region 2023-2030
Chapter 9. Company Profiles and Competitive Landscape
Companies Mentioned
- Kadillac Chemicals Pvt. Ltd.
- Jiangsu Wanlong Chemical Co., Ltd.
- Emerald Kalama Chemical (acquired by LANXESS)
- Haihang Industry
- Shimmer Chemicals Pvt. Ltd.
- Merck KGaA
- J.M. Loveridge Ltd
- BELL CHEM CORP.
- Alta Laboratories Ltd
- Sal
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 255 |
| Published | May 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 554.42 Million |
| Forecasted Market Value ( USD | $ 951.46 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
