Global Ellagic Acid Market Size, Share, and COVID-19 Impact Analysis, By Purity (40% Ellagic Acid, 90% Ellagic Acid, 95% Ellagic Acid, and Others), By Application (Cosmetic and Skin Care, Pharma and Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Ellagic Acid Market Insights Forecasts to 2033

• The Global Ellagic Acid Market Size was Estimated at USD 9.40 million in 2023
• The Market Size is Expected to Grow at a CAGR of around 6.34% from 2023 to 2033
• The Worldwide Ellagic Acid Market Size is Expected to Reach USD 17.38 million by 2033
• Asia Pacific is Predicted to Grow at the fastest CAGR throughout the projection period

The Global Ellagic Acid Market Size is Predicted to Exceed USD 17.38 million by 2033, Growing at a CAGR of 6.34% from 2023 to 2033.

Market Overview

The global ellagic acid market involves the production and distribution of ellagic acid, a natural antioxidant found in fruits and vegetables and having a broad range of clinical applications. A naturally occurring polyphenolic molecule, ellagic acid (EA) is present in many plant families, especially eudicotyledons. It is made in plants by hydrolysing ellagitannins, a class of secondary metabolites, and is a dilactone of hexahydroxy diphenic acid (HHDP), a dimeric gallic acid derivative. EA has a molecular weight of 302.19 g/mol and a melting point of 350°C, making it thermostable. Because they contain bioactive substances, eating strawberries and other berries, such as raspberries, blackberries, and cranberries, may have health benefits. EA makes up 51% of all phenolic compounds and can be found free, as glucosides, or connected as glucose-esterified ellagitannins. It is a strong anticarcinogen, antiviral, and antibacterial bioactive molecule that has been shown to possess antiviral, antioxidant, and antibacterial qualities. According to studies, extracts following acid hydrolysis are used to determine the amount of ellagic acid present in fruits, nuts, and berries. The increased emphasis on wellness and preventative healthcare is driving higher demand for ellagic acid in dietary supplements and nutraceuticals. Demand in the cosmetics industry is driven by its antioxidant qualities, which make it a popular ingredient in skincare products that protect against UV rays and prevent aging. Ellagic acid fits into the trend of sectors moving toward natural, organic, and eco-friendly ingredients. Research on its medicinal advantages, such as its anti-inflammatory and anti-cancer qualities, is creating new market prospects. Adoption is rising in areas with favorable regulations that support bioactive chemicals. Its prospective market breadth is also being expanded by emerging applications in agriculture. The growing need for natural antioxidants in various endeavors is one notable trend in the ellagic acid market. This growth is attributed to its potential medical benefits. Ellagic acid, known for its qualities as a cancer preventive agent, has drawn interest from the pharmaceutical, restorative, and food industries. The demand for ellagic acid in cosmetic products, dietary supplements, and functional food sources is being driven by consumers' increasing desire for natural alternatives to artificial cancer preventive agents. This trend is driven by the desire for natural fixes and growing awareness of the health risks associated with artificial cell reinforcements.

Report Coverage

This research report categorizes the global ellagic acid market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the global ellagic acid market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the global ellagic acid market.

Driving Factors:

The growing customer preference for natural and organic products is one of the main drivers of the ellagic acid market's expansion. Demand for natural antioxidants like ellagic acid is rising significantly as people grow more health conscious and look for goods with fewer synthetic components. In the food and beverage, cosmetic, and pharmaceutical sectors, where using natural ingredients is increasingly becoming a selling point, this tendency is especially noticeable. The growing body of research on ellagic acid's medicinal advantages is another significant factor propelling the market. According to studies, ellagic acid possesses potent anti-inflammatory, anti-carcinogenic, and antioxidant qualities.

These characteristics make it an important ingredient in medications and nutritional supplements meant to prevent long-term conditions like diabetes, cancer, and heart disease. As the amount of scientific data demonstrating these advantages increases, so does customer confidence and demand for ellagic acid-containing products. Additionally driving market expansion are technological developments in the extraction and formulation processes. Manufacturers can now generate high-purity ellagic acid more economically and efficiently, ascribed to advanced extraction procedures. Furthermore, new product formulations like microencapsulation improve ellagic acid's stability and bioavailability, increasing its appeal for use in a range of goods, from skincare to dietary supplements.

Restraining Factors

The cost of extracting ellagic acid from natural sources like fruits and nuts may hinder its widespread use, while strict regulations in pharmaceuticals and cosmetics may impede product approvals and market growth.

Market Segmentation

The global ellagic acid market share is classified into purity and application.

• The 95% ellagic acid segment accounted for the substantial share in 2023 and is anticipated to grow at a remarkable CAGR throughout the forecast period.

Based on the purity, the global ellagic acid market is categorized into 40% ellagic acid, 90% ellagic acid, 95% ellagic acid, and others. Among these, the 95% ellagic acid segment accounted for the substantial share in 2023 and is anticipated to grow at a remarkable CAGR throughout the forecast period. The segmental expansion is attributed to the increasing need for ellagic acid with better purity, especially for its application in the production of vitamins and nutraceutical goods, which is fueling the segment's expansion and raising the demand for safe, high-quality reagents.

• The cosmetics and skin care segment held a significant share in 2023 and is predicted to grow at a remarkable CAGR throughout the projected timeframe.

Based on the application, the global ellagic acid market is categorized into cosmetic and skin care, pharma and healthcare, and others. Among these, the cosmetics and skin care segment held a significant share in 2023 and is predicted to grow at a remarkable CAGR throughout the projected timeframe. This segment is expanding, owing to its antioxidant qualities, which shield the skin from oxidative stress and harm. It is a crucial ingredient in skin-brightening and anti-aging cosmetics since it helps to lessen hyperpigmentation and uneven skin tone. Manufacturers of cosmetics are now concentrating on introducing more ellagic acid-containing skin care products, and additional product launches with ellagic acid constituents are anticipated to enhance the market.

Regional Segment Analysis of the Global Ellagic Acid Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the global ellagic acid market over the predicted timeframe.

Europe is anticipated to hold the largest share of the global ellagic acid market over the predicted timeframe. The use of ellagic acid in cosmetics, personal care products, and medications is driving expansion in Europe. A naturally occurring antioxidant with anti-aging and skin-whitening qualities, ellagic acid is present in fruits like pomegranates and berries. The industry is anticipated to continue growing as a result of consumers' increasing desire for organic personal care products. European producers are spending money on R&D to satisfy customer demands and take advantage of advancements in cosmetics and medication formulations.

Asia Pacific is anticipated to grow at the fastest CAGR throughout the projected timeframe. The demand for high-end cosmetics and nutraceuticals containing ellagic acid is being driven by rising disposable income in nations like China, India, and Southeast Asia. The usage of ellagic acid in dietary supplements and functional foods is being driven by its health benefits, which include its anti-inflammatory and antioxidant qualities. Because of its anti-aging and skin-whitening qualities, ellagic acid is being used in these regions' cosmetics sector. The quality and effectiveness of ellagic acid products are being enhanced by advancements in extraction and formulation methods. The use of natural compounds like ellagic acid is being promoted by supportive laws and investments in the pharmaceutical and nutraceutical industries.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global ellagic acid market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Honghao Herb
• Canbridge Commodities Inc.
• Glentham Life Sciences Limited
• Otto Chemie Pvt. Ltd.
• Merck KgaA
• BPS Bioscience Inc.
• Thermo Fisher Scientific Inc.
• Naturex
• Stanford Chemicals
• Staherb
• Nektium Pharma
• Kangcare Bioindustry
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

• This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global ellagic acid market based on the below-mentioned segments:

Global Ellagic Acid Market, By Purity

• 40% Ellagic Acid
• 90% Ellagic Acid
• 95% Ellagic Acid
• Others

Global Ellagic Acid Market, By Application

• Cosmetic and Skin Care
• Pharma and Healthcare
• Others

Global Ellagic Acid Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa