The Rising Use of Coumarin in Food and Beverage, Cosmetics and Pharmaceutical Industries Would Propel the Growth of the Coumarin Market
- Himanshu Patni
- July 14, 2023
- HEALTHCARE, NEWS
- Coumarin Market, Coumarin Market Growth, Coumarin Market Share, Coumarin Market Size, Coumarin Market Trends
- 0 Comments
The global coumarin market is projected to expand significantly with a CAGR of ~6.5. The coumarin is a chemical compound obtained from toka beans, it has been used for various centuries in traditional medicine to treate chronic diseases including inflammatory and skin ailments. Due to its hay like fragrance, it used as an alternative to vanilla as a flavoring agent in food and beverage industry. The Coumarin market is driven by the rising demand of the coumarin by the food and beverage, cosmetics and pharmaceutical companies in the Asia-pacific region. Cosmetic industry is the major user of coumarin in Asia-pacific region. Coumarin is used as a fragrance in cosmetic preparationsa personal hygine products such as including soaps, perfumes and lotions. Additionally, the increase in demand for the personal care product in this region is anticipated to fuel the market growth. Furthermore, the pharmaceutical sector is also expected to boost the demand for the coumarin in this region. Coumarin has medicinal properties such as anti-coagulant, anti-oxidants and anti-inflammatory effect owing to which it is widely used in pharmaceutical industries for the preparation of the medicines.
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Moreover, with advancements in technology, shifting patient preference towards a new device and increasing healthcare expenditure are the driving factor for the market during the forecasting period.
Based on application, the market is segmented into medicine, active pharmaceutical ingredients, perfumery & fragrance, detergents and electroplating. The perfumery & fragrance segment is expected to grow with a significant CAGR during the forecasting period. Through Perfumes, consumers can express who they are and how they feel. This not only boosts their confidence level but also provides a feeling of social well-being. This factor is driving the growth of the segment.
Based on grade, the market is bifurcated into pharmaceutical and cosmetic industries. Amongst these, the pharmaceutical industry, segment is expected to grow at a significant growth rate during the forecasting period. This is attributed to its biological activity and pharmacological applications in the treatment of chronic diseases. Coumarin has antitumor, photochemotherapy, anti-HIV, antibacterial and antifungal, anti-inflammatory, anticoagulant and central nervous system stimulant effects.
For a detailed analysis of the Global Coumarin Market browse through – https://univdatos.com/report/coumarin-market/
Global Coumarin Market Segmentation
Market Insight, by Application
o Medicine
o Active Pharmaceutical Ingredient
o Perfumery & Fragrance
o Detergents
o Electroplating Coating
Market Insights, by Grade
o Pharmaceutical Industry
o Cosmetic Industry
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe
· APAC
o China
o Japan
o India
o Rest of APAC
· Rest of the World
Top Company Profiles
o Alfa Aesar, Thermo Fisher Scientific.,
o Omkar speciality chemicals Ltd.
o Eternis aroma chemicals
o NS Chemicals
o Yingyang (china) Aroma Chemical Group
o Anhui Jinpeng
o Shanghai Brightol International Co
o TCI AMERICA
o Merck KGaA,
o MP BIOMEDICALS.
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