Market Overview:
The global gallnuts acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for antioxidants, biological activity, and medical applications. Additionally, the growing awareness about the benefits of gallnuts acid is also contributing to the growth of this market. The global gallnuts acid market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into industrial grade, pharmaceutical grade, and food grade. The industrial grade segment is expected to hold a major share in terms of revenue in 2018 owing to its widespread use across various industries such as cosmetics & personal care products; agrochemicals; paints & coatings; and others (including adhesives & sealants).
Product Definition:
Gallnuts acid is an organic compound that is found in the gallbladder of cattle and other animals. It is used to make dye and ink, and to treat leather.
Industrial Grade:
Industrial grade is a high purity form of gallnuts acid used in various applications such as wood preservation, metal cleaning, and oil recovery. It is also used as an intermediate for the production of other chemicals such as phenols and cresol. The chemical formula for industrial grade gallnuts acid consists of Hg(C6H5)2.
Pharmaceutical Grade:
Pharmaceutical grade is used in Gallnuts Acid Market to produce fine white powder. It has high purity and it's suitable for human consumption. Pharmaceutical grade ingredients are produced according to international standards; USP-NF, USP-NF Parenteral, EP, and ICH.
Gallnuts acid is a pharmaceutical intermediate which is manufactured by chemical synthesis of gallic acid from raw materials such as lignite coal or hardwood timber.
Application Insights:
The market is segmented by application into antioxidants, biological activity, medical applications and others. The other segment held the largest share of the global gallnuts acid market in 2017. It includes cosmetics and food & beverages industry applications. Increasing demand for antioxidant-based products to maintain a healthy life style among consumers is expected to drive growth over the forecast period.
The pharmaceutical industry has been one of the major users of gallnuts acid due to its medicinal properties including treatment for asthma, diabetes and heart diseases which have been proved in clinical trials worldwide.
Regional Analysis:
North America was the largest market for global gallnuts acid, accounting for a revenue share of over 35.0% in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing demand from end-use industries such as pharmaceuticals and food & beverage coupled with rising research activities by various universities/academia in U.S., Canada, and Mexico on bio-based chemicals derived from renewable resources.
Asia Pacific is projected to be the fastest growing regional market at a CAGR of XX% during the forecast period owing to rapid industrialization along with supportive government initiatives aimed at promoting investments in manufacturing sectors across various countries including China, India, Thailand, Malaysia etc.
Growth Factors:
- Increasing demand from the pharmaceutical and nutraceutical industries for gallnut extracts as a natural source of antioxidants and other bioactive compounds.
- Growing popularity of herbal supplements and functional foods that contain gallnut extracts as ingredients.
- Rising awareness among consumers about the health benefits of gallnuts acid supplements and their potential role in preventing chronic diseases such as cancer, heart disease, and arthritis.
- Technological advancements that have made it possible to extract more bioactive compounds from gallnuts, resulting in an increase in product offerings by manufacturers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gallnuts Acid Market Research Report
By Type
Industrial Grade, Pharmaceutical Grade, Food Grade
By Application
Antioxidants, Biological Activity, Medical applications, Other
By Companies
Jiurui Biology, Bei Yuan Chemical, Hunan Linong, Tianxin Biotech, GALLOCHEM, Xiangxi Gaoyuan, Chicheng Biotech, JPN Pharma, Hunan Shineway, WENZHOU OUHAI
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Gallnuts Acid Market Report Segments:
The global Gallnuts Acid market is segmented on the basis of:
Types
Industrial Grade, Pharmaceutical Grade, Food 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
- Bei Yuan Chemical
- Hunan Linong
- Tianxin Biotech
- GALLOCHEM
- Xiangxi Gaoyuan
- Chicheng Biotech
- JPN Pharma
- Hunan Shineway
- WENZHOU OUHAI
Highlights of The Gallnuts 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
- Pharmaceutical Grade
- Food 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 Gallnuts 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?
Gallnuts Acid is a natural product that is extracted from the gallnut tree. Gallnuts are a type of nut that is native to Europe and Asia. The gallnut tree produces an oil that contains high levels of acidity. Gallnuts Acid can be used in various industries, including food production, cosmetics, and pharmaceuticals.
Some of the major players in the gallnuts acid market are Jiurui Biology, Bei Yuan Chemical, Hunan Linong, Tianxin Biotech, GALLOCHEM, Xiangxi Gaoyuan, Chicheng Biotech, JPN Pharma, Hunan Shineway, WENZHOU OUHAI.
The gallnuts 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. Gallnuts 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. Gallnuts Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gallnuts Acid Market - Supply Chain
4.5. Global Gallnuts Acid Market Forecast
4.5.1. Gallnuts Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gallnuts Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gallnuts Acid Market Absolute $ Opportunity
5. Global Gallnuts 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. Gallnuts Acid Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Pharmaceutical Grade
5.3.3. Food Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gallnuts 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. Gallnuts 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 Gallnuts 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. Gallnuts 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 Gallnuts 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. Gallnuts 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 Gallnuts Acid Demand Share Forecast, 2019-2029
9. North America Gallnuts 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 Gallnuts 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 Gallnuts 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 Gallnuts Acid Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Pharmaceutical Grade
9.7.3. Food 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 Gallnuts Acid Demand Share Forecast, 2019-2029
10. Latin America Gallnuts 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 Gallnuts 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 Gallnuts 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 Gallnuts Acid Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Pharmaceutical Grade
10.7.3. Food 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 Gallnuts Acid Demand Share Forecast, 2019-2029
11. Europe Gallnuts 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 Gallnuts 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 Gallnuts 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 Gallnuts Acid Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Pharmaceutical Grade
11.7.3. Food Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.1. 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 Gallnuts Acid Demand Share, 2019-2029
12. Asia Pacific Gallnuts 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 Gallnuts 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 Gallnuts 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 Gallnuts Acid Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Pharmaceutical Grade
12.7.3. Food 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 Gallnuts Acid Demand Share, 2019-2029
13. Middle East & Africa Gallnuts 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 Gallnuts 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 Gallnuts 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 Gallnuts Acid Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Pharmaceutical Grade
13.7.3. Food 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 Gallnuts Acid Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Gallnuts Acid Market: Market Share Analysis
14.2. Gallnuts Acid Distributors and Customers
14.3. Gallnuts 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. Bei Yuan Chemical
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. Tianxin Biotech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GALLOCHEM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Xiangxi Gaoyuan
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. JPN Pharma
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hunan Shineway
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. WENZHOU OUHAI
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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