Market Overview:
The global kojic 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 kojic acid from various applications such as cosmetics, food additive, medicine material and others. Kojic acid is also used as a natural preservative in food products and has anti-microbial properties that help preserve food products. Additionally, kojic acid is also used in skin care products for lightening skin tone and reducing pigmentation disorders.
Product Definition:
Kojic acid is a fungal metabolite that is produced by the Aspergillus oryzae fungus. Kojic acid has been used as a food additive to inhibit the browning of food products, and as a cosmetic ingredient to lighten skin color. Kojic acid also has antimicrobial properties.
Normal:
Kojic acid is a naturally occurring compound found in the salivary glands of dogs and cats. It is also produced in humans by the skin or pineal gland, as well as by some plants and bacteria.
Ultra-high Pure:
Ultra-high pure is a very high purity grade of kojic acid. It has over 95% KA content and less than 5% other impurities. The ultra-high pure grade is used in the production of dietary supplements, cosmetics, pharmaceuticals and other industrial applications.
KA can be extracted from sugarcane or corn starch using chemical extraction methods such as supercritical fluid CO2 or organic solvent extraction with chloroacetic acid as an intermediate product.
Application Insights:
The cosmetics application segment led the global market in 2017. The product is used as an antioxidant and skin-conditioning agent in cosmetic formulations. It also finds applications as a preservative, which limits the growth of bacteria and fungi on personal care products such as soaps, shampoos, conditioners and fragrances.
Kojic acid has been gaining popularity among consumers for its presumed health benefits including protection against cancer cells and cardiovascular diseases (CVDs). These factors are anticipated to drive demand from the food additive segment over the forecast period. Kojic acid is used mainly in meat replacers due to its ability to act as a natural antioxidant that protects cell membranes against damage caused by free radicals present during cooking or processing of foods containing fat such as beef liver or soybean oil.
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 a major share of global population, which makes it a key consumer market for food additives, cosmetics and medicines. China accounted for approximately one-third of global population making it the most important country in terms of demographics across Asia Pacific. It is also one of the fastest-growing economies with significant potential to attract foreign investments especially FDI due to low labor cost and easy availability of raw materials such as kojic acid there.
Growth Factors:
- Increasing demand for natural and organic skin care products
- Rising awareness about the benefits of Kojic Acid for skin health
- Growing popularity of K-beauty products and other Asian skincare regimens
- Proliferation of online retail channels that offer Kojic Acid-based products
- Increased research and development investments in kojic acid derivatives as cosmetic ingredients
Scope Of The Report
Report Attributes
Report Details
Report Title
Kojic Acid Market Research Report
By Type
Normal, Ultra-high Pure
By Application
Cosmetics, Food Additive, Medicine Material, Others
By Companies
Sansho Seiyaku, Xi’an Hao-xuan Bio-tech Co, Hubei Artec Biotechnology Co, Syder, Sichuan Huamai Technology, Chengdu Jinkai, Hubei Xiangxi Chemical, Triveni Interchem, Hubei Hongjing, Hubei Xinxinjiali Bio-tech
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Kojic Acid Market Report Segments:
The global Kojic Acid market is segmented on the basis of:
Types
Normal, Ultra-high Pure
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, Food Additive, Medicine Material, Others
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:
- Sansho Seiyaku
- Xi’an Hao-xuan Bio-tech Co
- Hubei Artec Biotechnology Co
- Syder
- Sichuan Huamai Technology
- Chengdu Jinkai
- Hubei Xiangxi Chemical
- Triveni Interchem
- Hubei Hongjing
- Hubei Xinxinjiali Bio-tech
Highlights of The Kojic 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:
- Normal
- Ultra-high Pure
- By Application:
- Cosmetics
- Food Additive
- Medicine Material
- Others
- 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 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?
Kojic acid is a natural compound found in the skin and hair. It has antioxidant properties and can help improve the appearance of wrinkles, age spots, and other signs of skin aging.
Some of the key players operating in the kojic acid market are Sansho Seiyaku, Xi¢â‚¬â„¢an Hao-xuan Bio-tech Co, Hubei Artec Biotechnology Co, Syder, Sichuan Huamai Technology, Chengdu Jinkai, Hubei Xiangxi Chemical, Triveni Interchem, Hubei Hongjing, Hubei Xinxinjiali Bio-tech.
The kojic 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. Kojic 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. Kojic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Kojic Acid Market - Supply Chain
4.5. Global Kojic Acid Market Forecast
4.5.1. Kojic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Kojic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Kojic Acid Market Absolute $ Opportunity
5. Global Kojic 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. Kojic Acid Market Size and Volume Forecast by Type
5.3.1. Normal
5.3.2. Ultra-high Pure
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Kojic 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. Kojic Acid Market Size and Volume Forecast by Application
6.3.1. Cosmetics
6.3.2. Food Additive
6.3.3. Medicine Material
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Kojic 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. Kojic 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 Kojic 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. Kojic 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 Kojic Acid Demand Share Forecast, 2019-2026
9. North America Kojic 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 Kojic 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 Kojic Acid Market Size and Volume Forecast by Application
9.4.1. Cosmetics
9.4.2. Food Additive
9.4.3. Medicine Material
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Kojic Acid Market Size and Volume Forecast by Type
9.7.1. Normal
9.7.2. Ultra-high Pure
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 Kojic Acid Demand Share Forecast, 2019-2026
10. Latin America Kojic 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 Kojic 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 Kojic Acid Market Size and Volume Forecast by Application
10.4.1. Cosmetics
10.4.2. Food Additive
10.4.3. Medicine Material
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Kojic Acid Market Size and Volume Forecast by Type
10.7.1. Normal
10.7.2. Ultra-high Pure
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 Kojic Acid Demand Share Forecast, 2019-2026
11. Europe Kojic 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 Kojic 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 Kojic Acid Market Size and Volume Forecast by Application
11.4.1. Cosmetics
11.4.2. Food Additive
11.4.3. Medicine Material
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Kojic Acid Market Size and Volume Forecast by Type
11.7.1. Normal
11.7.2. Ultra-high Pure
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 ProductType
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Kojic Acid Demand Share, 2019-2026
12. Asia Pacific Kojic 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 Kojic 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 Kojic Acid Market Size and Volume Forecast by Application
12.4.1. Cosmetics
12.4.2. Food Additive
12.4.3. Medicine Material
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Kojic Acid Market Size and Volume Forecast by Type
12.7.1. Normal
12.7.2. Ultra-high Pure
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 Kojic Acid Demand Share, 2019-2026
13. Middle East & Africa Kojic 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 Kojic 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 Kojic Acid Market Size and Volume Forecast by Application
13.4.1. Cosmetics
13.4.2. Food Additive
13.4.3. Medicine Material
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Kojic Acid Market Size and Volume Forecast by Type
13.7.1. Normal
13.7.2. Ultra-high Pure
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 Kojic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Kojic Acid Market: Market Share Analysis
14.2. Kojic Acid Distributors and Customers
14.3. Kojic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sansho Seiyaku
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Xian Hao-xuan Bio-tech Co
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hubei Artec Biotechnology Co
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Syder
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sichuan Huamai Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chengdu Jinkai
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hubei Xiangxi Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Triveni Interchem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hubei Hongjing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hubei Xinxinjiali Bio-tech
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
