Chlorogenic Acid Market Outline Study:
The acid can be of various concentrations dependant on the extraction type from a number of sources like Honeysuckle Extract, Eucommia Extract, Green Coffee Bean Extract, and others. They are now widely used in the supplements industry, pharmaceutical industry, cosmetics, etc. Its most common source known to all is the green bean coffee. Other sources also include fruits like apples, apricots etc.
Chlorogenic Acid Market Value, and Growth:
Chlorogenic Acid Market was valued at 122.16 million USD in 2015 and is expected to reach USD 143.50 million USD by 2021, at a CAGR of 3.27% between 2016 and 2021.
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Chlorogenic Acid Market Geographical Segmentation:
- North America
- Asia Pacific
- South America
- Middle East and Africa
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Chlorogenic Acid Market Regional Report:
North America dominates the market with the maximum market share and revenue. With the supplements market going strong in the US and Canada, the market is bringing in major revenues from this region. The cosmetic industry is also expected to boost sales in the forecasted period. The Asian market is also expected to grow substantially because of usage in the cosmetics industry and its increasing focus on healthcare.
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Chlorogenic Acid Market Developments:
Technological impetus is being given substantially to this industry. Also, with its growing medical benefits of reducing blood pressure, aiding in weight loss, and as a possible chemical synthesizer to avoid respiratory allergies, the production does not seem to be slowing down any time soon.
Chlorogenic Acid Market Key Players:
The market has a handful of players dominating the revenue. Some of those dominant players are Applied Food Sciences, Nulant Chem, Nanjing Zelang, Indfrag, Flavour Trove, Cymbio Pharma, Sabinsa Corporation, Naturex, and others.
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