Market Overview:
The global gallic acid market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for gallic acid in food and pharmaceutical applications. Gallic acid is used as an antioxidant, and it has various other biological activities, which is driving its demand in the medical applications segment. North America dominates the global gallic acid market, followed by Europe and Asia Pacific.
Product Definition:
Gallic acid is a naturally occurring organic compound found in many plants. It is used as an antioxidant and has been shown to have anti-inflammatory and anticancer properties.
Industrial Grade:
Industrial grade is a high purity form of gallium used in the production of electronic devices such as LED, LCD and other semiconductors. It is also used in laser applications and opto-electronic equipment. Industrial grade has 99% content of gallium with no additive or filler material added to it which makes it suitable for industrial usage.
Increasing demand for LED lighting across various sectors including automotive & commercial industries are expected to drive the market over the forecast period.
Food Grade:
Food grade is a product that has passed the United States Pharmacopeia (USP) and is recognized by the Food and Drug Administration (FDA) as fit for human consumption. It can be further processed to produce pharmaceutical drugs, such as tablets or capsules.
The major raw materials used in food-grade production include starch, cellulose, vegetable oils & fats, minerals & salts, flavors & colors.
Application Insights:
The market is segmented by application into antioxidants, biological activity, medical applications, and others. The other application segment includes personal care products such as skin-care creams and shampoos. Gallic acid has gained popularity in the personal care industry owing to its antioxidant properties that help prevent cell damage caused by free radicals. It also helps reduce wrinkles due to its anti-aging property.
The medical applications of gallic acid include treatment of urinary tract infections (UTIs) in women and children as well as various cancers such as liver cancer, bladder cancer, breast cancer among others.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 35% of the global share. The region is expected to maintain its dominance during the forecast years on account of high consumption levels of guaic acid in food products, pharmaceuticals, and as an antioxidant. In addition, increasing R&D activities by various companies are driving demand from electronic applications such as display screens and lighting solutions. Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6% owing to rapid industrialization coupled with rising product usage across key end-use industries including food & beverage, pharmaceuticals & biotechnology, cosmetics & personal care products among others.
Growth Factors:
- Increasing demand from the food and beverage industry as a natural preservative and flavoring agent.
- Growing popularity of functional foods and nutraceuticals that contain gallic acid for its antioxidant properties.
- Rising awareness about the health benefits of gallic acid among consumers, especially in developed countries.
- Technological advancements that have made it possible to produce gallic acid in large quantities using sustainable methods.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gallic Acid Market Research Report
By Type
Industrial Grade, Food Grade, Pharmaceutical Grade, Electronic Grade
By Application
Antioxidants, Biological Activity, Medical applications, Other
By Companies
Jiurui Biology, Xiangxi Gaoyuan, Hunan Linong, BEIYUAN, Zhushan County Tianxin, GALLOCHEM, CHICHENG BIOTECH, WENZHOU OUHAI, Leshan Sanjiang, Liupanshui Shenchi, NanJing JingZhu, Guangxi Wuming
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Gallic Acid Market Report Segments:
The global Gallic Acid market is segmented on the basis of:
Types
Industrial Grade, Food Grade, Pharmaceutical Grade, Electronic Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Antioxidants, Biological Activity, Medical applications, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jiurui Biology
- Xiangxi Gaoyuan
- Hunan Linong
- BEIYUAN
- Zhushan County Tianxin
- GALLOCHEM
- CHICHENG BIOTECH
- WENZHOU OUHAI
- Leshan Sanjiang
- Liupanshui Shenchi
- NanJing JingZhu
- Guangxi Wuming
Highlights of The Gallic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
- Electronic Grade
- By Application:
- Antioxidants
- Biological Activity
- Medical applications
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gallic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gallic acid is a natural compound found in plants and fruits. It has a sour, acidic taste and can be used to make wine, vinegar, and other products.
Some of the major players in the gallic acid market are Jiurui Biology, Xiangxi Gaoyuan, Hunan Linong, BEIYUAN, Zhushan County Tianxin, GALLOCHEM, CHICHENG BIOTECH, WENZHOU OUHAI, Leshan Sanjiang, Liupanshui Shenchi, NanJing JingZhu, Guangxi Wuming.
The gallic acid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gallic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gallic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gallic Acid Market - Supply Chain
4.5. Global Gallic Acid Market Forecast
4.5.1. Gallic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gallic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gallic Acid Market Absolute $ Opportunity
5. Global Gallic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gallic Acid Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Food Grade
5.3.3. Pharmaceutical Grade
5.3.4. Electronic Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gallic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gallic Acid Market Size and Volume Forecast by Application
6.3.1. Antioxidants
6.3.2. Biological Activity
6.3.3. Medical applications
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gallic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gallic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gallic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gallic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gallic Acid Demand Share Forecast, 2019-2029
9. North America Gallic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gallic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gallic Acid Market Size and Volume Forecast by Application
9.4.1. Antioxidants
9.4.2. Biological Activity
9.4.3. Medical applications
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gallic Acid Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Food Grade
9.7.3. Pharmaceutical Grade
9.7.4. Electronic Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gallic Acid Demand Share Forecast, 2019-2029
10. Latin America Gallic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gallic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gallic Acid Market Size and Volume Forecast by Application
10.4.1. Antioxidants
10.4.2. Biological Activity
10.4.3. Medical applications
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gallic Acid Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Food Grade
10.7.3. Pharmaceutical Grade
10.7.4. Electronic Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gallic Acid Demand Share Forecast, 2019-2029
11. Europe Gallic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gallic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gallic Acid Market Size and Volume Forecast by Application
11.4.1. Antioxidants
11.4.2. Biological Activity
11.4.3. Medical applications
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gallic Acid Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Food Grade
11.7.3. Pharmaceutical Grade
11.7.4. Electronic Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gallic Acid Demand Share, 2019-2029
12. Asia Pacific Gallic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gallic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gallic Acid Market Size and Volume Forecast by Application
12.4.1. Antioxidants
12.4.2. Biological Activity
12.4.3. Medical applications
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gallic Acid Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Food Grade
12.7.3. Pharmaceutical Grade
12.7.4. Electronic Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gallic Acid Demand Share, 2019-2029
13. Middle East & Africa Gallic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gallic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gallic Acid Market Size and Volume Forecast by Application
13.4.1. Antioxidants
13.4.2. Biological Activity
13.4.3. Medical applications
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gallic Acid Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Food Grade
13.7.3. Pharmaceutical Grade
13.7.4. Electronic Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gallic Acid Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Gallic Acid Market: Market Share Analysis
14.2. Gallic Acid Distributors and Customers
14.3. Gallic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Jiurui Biology
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Xiangxi Gaoyuan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hunan Linong
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BEIYUAN
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zhushan County Tianxin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GALLOCHEM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CHICHENG BIOTECH
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. WENZHOU OUHAI
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Leshan Sanjiang
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Liupanshui Shenchi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NanJing JingZhu
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Guangxi Wuming
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook