Market Overview:
The global kojic acid dipalmitate market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for cosmetics whitening agents and other applications. Kojic acid dipalmitate is a natural product derived from rice, mushrooms, or soybeans. It is used as an ingredient in various cosmetic formulations owing to its skin lightening properties. Kojic acid dipalmitate is available in different purities such as 98% and above 98%. The North America region dominates the global kojic acid dipalmitate market due to the high demand for cosmetics products in this region.
Product Definition:
Kojic acid dipalmitate is a salt of kojic acid and palmitic acid. Kojic acid is a fungal metabolite that has been shown to inhibit melanin synthesis. Palmitate is a fatty acid that is found in many foods. Kojic acid dipalmitate can be used as an antioxidant, skin lightening agent, or chelating agent.
Purity 98%:
Purity 98% is a special type of impurity that has been used in the formulation of Kojic Acid Dipalmitate. It is also known as Super-Pure or Ultra-purified KA DP (Dipropionate) and was developed by Seidler Chemical Co. Ltd.
Above Purity 98%:
Kojic acid dipalmitate is a form of palmitate that has been refined to remove impurities. It is used in the manufacturing of topical cosmetic products such as moisturizers, body lotions, and face creams. The product purity ranges from 97% to 99%.
It has several advantages over other forms of palmitate including high stability at room temperature and low melting point which makes it suitable for topical application.
Application Insights:
The other application segment includes food additives, pharmaceuticals and manufacturing. The cosmetics whitening agents segment is expected to be the fastest-growing among all applications over the forecast period owing to its rising use in anti-aging creams and sun protection products. It also finds application as a preservative in cosmetics, soaps, shampoos and food processing industries.
Kojic acid diipalmitate has been gaining popularity as an effective antioxidant due to its ability to neutralize free radicals present in skin cells that may lead to cell damage or aging effects on skin tissues. This factor is anticipated to boost product demand from various end-use industries including personal care & cosmetic industry over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of global cosmetics industry, majorly driven by developing economies such as China, India, Indonesia and Japan. Increasing demand for skin lightening products due to rising concerns about skin color has emerged as a key driving factor in this region.
The Asia Pacific is projected to be one of the most lucrative markets with an estimated CAGR of XX% from 2018 to 2030 owing to increasing consumer spending on personal care products that include cosmetics and oral care products like toothpaste and dental creams/gels that contain KAADP hilighting agents over the next eight years (2018-2030).
Growth Factors:
- Increasing demand for natural and organic skin care products
- Rising awareness about the benefits of Kojic Acid Dipalmitate in the beauty industry
- Growing number of online retailers and e-commerce platforms selling Kojic Acid Dipalmitate products
- Proliferation of social media platforms and influencers promoting the use of Kojic Acid Dipalmitate in skin care routines
- Entry of new players into the market, resulting in increased product availability and competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Kojic Acid Dipalmitate Market Research Report
By Type
Purity 98%, Above Purity 98%
By Application
Cosmetics Whitening Agents, Other
By Companies
Jarchem Industries, Xian PLANT BIO-engineering, Hubei Artec Biotechnology, Zhonglan Industry Co., Xian Plamed
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Kojic Acid Dipalmitate Market Report Segments:
The global Kojic Acid Dipalmitate market is segmented on the basis of:
Types
Purity 98%, Above Purity 98%
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
Cosmetics Whitening Agents, 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:
- Jarchem Industries
- Xian PLANT BIO-engineering
- Hubei Artec Biotechnology
- Zhonglan Industry Co.
- Xian Plamed
Highlights of The Kojic Acid Dipalmitate 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:
- Purity 98%
- Above Purity 98%
- By Application:
- Cosmetics Whitening Agents
- 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 Kojic Acid Dipalmitate 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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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?
Kojic acid dipalmitate is a derivative of kojic acid that has been esterified with a fatty acid. It is used as an antioxidant and skin-care ingredient.
Some of the major companies in the kojic acid dipalmitate market are Jarchem Industries, Xian PLANT BIO-engineering, Hubei Artec Biotechnology, Zhonglan Industry Co., Xian Plamed.
The kojic acid dipalmitate market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Kojic Acid Dipalmitate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Kojic Acid Dipalmitate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Kojic Acid Dipalmitate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Kojic Acid Dipalmitate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Kojic Acid Dipalmitate Market Size & Forecast, 2020-2028
4.5.1 Kojic Acid Dipalmitate Market Size and Y-o-Y Growth
4.5.2 Kojic Acid Dipalmitate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Purity 98%
5.2.2 Above Purity 98%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cosmetics Whitening Agents
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Kojic Acid Dipalmitate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Kojic Acid Dipalmitate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Purity 98%
9.6.2 Above Purity 98%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cosmetics Whitening Agents
9.10.2 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Purity 98%
10.6.2 Above Purity 98%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cosmetics Whitening Agents
10.10.2 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Purity 98%
11.6.2 Above Purity 98%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cosmetics Whitening Agents
11.10.2 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Purity 98%
12.6.2 Above Purity 98%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cosmetics Whitening Agents
12.10.2 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Purity 98%
13.6.2 Above Purity 98%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cosmetics Whitening Agents
13.10.2 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Kojic Acid Dipalmitate Market: Competitive Dashboard
14.2 Global Kojic Acid Dipalmitate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jarchem Industries
14.3.2 Xian PLANT BIO-engineering
14.3.3 Hubei Artec Biotechnology
14.3.4 Zhonglan Industry Co.
14.3.5 Xian Plamed
