About Betulinic Acid
Betulinic acid is a pentacyclic triterpene present in the bark of the birch tree and other vegetal sources. Betulinic acid market is expected to grow in the future due to high usage in the pharmaceutical industry to treat cancer patients also rising demand in the cosmetic industry. Rising research and development activities and launching new products from key players will boost the betulinic acid market in the forecasted period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Global Betulinic Acid is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Betulinic Acid market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aphios Corporation (United States), MANUS AKTTEVA (India), Foodchem® International Corporation (China), Hangzhou DayangChem Co., Ltd (China), Wilshire Technologies (United States), Simagchem Corporation (China), Capot Chemical Co., Ltd. (China), Xian Taicheng Chem Co., Ltd (China) and Hangzhou Meite Industry Co., Limited (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Parchem fine & specialty chemicals (United States).
Segmentation Overview
AMA Research has segmented the market of Global Betulinic Acid market by Type (>99%, >98% and Others), Application (Actinic Keratosis, Antiphlogistic Activity, Cancer, HIV and Others) and Region.
On the basis of geography, the market of Betulinic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 End User, the sub-segment i.e. Hospitals will boost the Betulinic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Evonik acquired US-based Wilshire Technologies for an undisclosed amount. With this acquisition, the Care Solutions business will be able to expand its product range into phytochemicals, such as plant-derived cholesterol, as a replacement for animal-originated ingredients in cosmetic active ingredients.
Market Drivers
- Increasing Number of Diseases among the Population such as cancer, HIV, and Others
- Growth in the Demand for Betulinic Acid in the Cosmetic Industry
Opportunities
- Rising Research and Development Activities in the Pharmaceutical Industry
- Upsurging Demand in Developing Countries due to the Increasing Number of Cancer Patients
Restraints
- Stringent Government Regulation regarding Chemical products
Challenges
- Poor Solubility of Betulinic Acid in Water Serum
Key Target Audience
Betulinic Acid Manufactures, Betulinic Acid Suppliers/Distributors, Potential Investors and Research and Development Organization
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.