About Gallnuts Acid
Gallnuts Acid is a type of organic acid, founded ingallnuts,sumac,with hazel tea leaves, oak bark, and other plant. Gallnuts are a group of very special natural products characterized as the plant-insect symbiont. They are formed as the pathological excrescences on the young branches or twigs of plants because of the insect attack and deposition of the eggs. Historically, gallnuts have been used by both Western and Eastern cultures as a traditional medicine for various body disorders, as an astringent in painful hemorrhoids, anantiphlogistic for inflammatory conditions, a treatment for diarrhea and dysentery, and a remedy for toothache and dental care
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 7.6% |
Global Gallnuts Acid is a fragmented market due to the presence of various players. The players exploring the market with new launches, mergers, and acquisitions. These factors help to sustain the players in the market. Analyst at AMA Research estimates that Asia Pacific Players will contribute the maximum growth to Global Gallnuts Acid market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Jiurui Biology (China), Bei Yuan Chemical (China), Chicheng Biotech (China), JPN Pharma (India), Hunan Linong (China), Xiangxi Gaoyuan (China), WENZHOU OUHAI (China) and Wufeng Chicheng Biotechnology Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Gallnuts Acid market by Type (Industrial Grade, Pharmaceutical Grade and Food Grade), Application (Antioxidants, Biological Activity, Medical applications and Other) and Region.
On the basis of geography, the market of Gallnuts Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Extract, the sub-segment i.e. Gallnuts will boost the Gallnuts Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Exponential growth of the pharmaceutical industry worldwide
Market Growth Drivers:
Increasing use of gallnuts acid in the food industry
Challenges:
Rise to biological effects
Restraints:
Presence of alternatives of the gallnuts acid
Opportunities:
Availability of raw material and shift in consumption
Market Leaders and their expansionary development strategies
In November 2023, Ingredion acquired the Brazilian company, Mérieux Nutrisciences. Mérieux Nutrisciences produces various ingredients for the food and beverage industry, including some derived from tannic acid. This acquisition could influence the development and application of tannic acid derivatives in the food sector.
In December 2023, Kao Corporation launched bio gallic acid*2 from glucose through fermentative production using microorganisms,and Kao aims to establish a supply chain to ensure a stable supply to the market.
Key Target Audience
Gallnuts Acid Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.