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Global Kojic Acid Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Published Date: 2019-04-13   |   Pages: 135   |   Tables: 162   | Report Id: 1089278   | Hits: 30 |   Chemical & Material

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Summary

Kojic acid with the chemical name 5-hydroxy-2-hydroxymethyl-4-pyrone is produced by several species of fungi, especially Aspergillus oryzae, which has the Japanese common name koji. It is a by-product in the fermentation process of malting rice, for use in the manufacturing of sake, the Japanese rice wine. 13C-Labeling studies have revealed at least two pathways to kojic acid. In the usual route, dehydratase enzymes convert glucose to kojic acid. Pentoses are also viable precursors in which case dihydroxyacetone is invoked as an intermediate.

Kojic acid is a mild inhibitor of the formation of pigment in plant and animal tissues, and is used in food and cosmetics to preserve or change colors of substances.

In general, it can also be concluded that glucose and yeast extract are the preferred carbon and nitrogen sources for kojic acid production by various fungal strains. And the main production base is located in China, which account for 73.45% in 2016.

Currently, Kojic acid has many industrial applications and its demand is increasing enormously with the growing industries related to its applications. And the cosmetics occupy the largest share, which was 75.71% in 2016. As the application of kojic acid in food has not been clearly recognized by the state, so its use is still relatively small. The global sales of Kojic Acid in 2016 have been over 2512 MT; the gross margin was 24%.

The technology of the Kojic Acid is not difficult. And majority of the manufacturers can ensure high quality, so their product can meet the high-end consumer’s demand.

The global Kojic Acid market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.

This report studies the Kojic Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Kojic Acid in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Sansho Seiyaku

Xi’an Hao-xuan Bio-tech Co

Hubei Artec Biotechnology Co

Syder

Sichuan Huamai Technology

Chengdu Jinkai

Hubei Xiangxi Chemical

Triveni Interchem

Hubei Hongjing

Hubei Xinxinjiali Bio-tech

By the product type, the market is primarily split into

Normal

Ultra-high Pure

By the end users/application, this report covers the following segments

Cosmetics

Food Additive

Medicine Material

Others

We can also provide the customized separate regional or country-level reports, for the following regions:

North America

United States

Canada

Mexico

Asia-Pacific

China

India

Japan

South Korea

Australia

Indonesia

Singapore

Malaysia

Philippines

Thailand

Vietnam

Rest of Asia-Pacific

Europe

Germany

France

UK

Italy

Spain

Russia

Rest of Europe

Central & South America

Brazil

Rest of Central & South America

Middle East & Africa

GCC Countries

Turkey

Egypt

South Africa

Rest of Middle East & Africa

The study objectives of this report are:

To study and analyze the global Kojic Acid market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.

To understand the structure of Kojic Acid market by identifying its various subsegments.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Focuses on the key global Kojic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Kojic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.

To project the value and volume of Kojic Acid submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Kojic Acid are as follows:

History Year: 2014-2018

Base Year: 2018

Estimated Year: 2019

Forecast Year 2019 to 2025

This report includes the estimation of market size for value (million USD) and volume (MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Kojic Acid market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders

Raw material suppliers

Distributors/traders/wholesalers/suppliers

Regulatory bodies, including government agencies and NGO

Commercial research & development (R&D) institutions

Importers and exporters

Government organizations, research organizations, and consulting firms

Trade associations and industry bodies

End-use industries

Available Customizations

With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:

Further breakdown of Kojic Acid market on basis of the key contributing countries.

Detailed analysis and profiling of additional market players.


Chemical manufacturers across the world have been supporting governments and have also been adhering to the rules and regulations made by respective authorities towards sustainable initiatives and green revolution. The developmental growth of bio-alternatives is also driving the growth of the chemical and material industry. Not only this, various academics and research institutes are cooperating with manufacturers across the world to develop sustainable alternatives for most common chemical substrates which are widely used in the globe.

Several companies are now eyeing further developments in green chemistry. Rapid shift towards environment-friendly chemicals is expected to gain impetus in the years to come after effectively made government regulations and preferences of end users. Increasing the cost of fossil fuels is also expected to drive the industry of chemical and material in a coming decade.

Reduction in the dependency on volume-driven growth can be seen due to increasing recycling practices which are impacting the sales of virgin materials. New materials that are available in the market are showing their potential for growth, however, chemical firms are yet to achieve a large amount of production of these materials along with high-quality maintenance.

Segmental Analysis

In market research, detailed segmentation of market plays the significant role. It classifies a large market into tiny parts based on various parameters. Apart from this, these segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the chemical and material industry. This detailed analysis of segmentation help in offering precise results about the markets related to chemical and material industry. While examining different segments of the markets in the chemical and material industry, the analysts in QY Research have carried out several surveys along with detailed primary research. To make this report detail and wide-ranging QY Research has used a top-down approach to evaluate market numbers for almost every category of products. On the other hand, to counter validate all the market estimations, the bottom-up approach has been used by the experts in the chemical and material industry.

Regional Analysis

This research report has presented various market segments with an in-depth analysis of key regions. Based on the regions the market is classified into the Middle East and Africa, Eastern & Western Europe, Latin America, the Asia Pacific including Japan and North America. The regional splits of the entire market along with its sub-segments are based on the use of the particular product in the respective regions or countries. The research analysts in QY Research went the extra mile to provide detail information about the scope of industries in countries such as the United States, Brazil, China, Japan, Malaysia, India and South Korea.

Revenue Share of Various Markets in Chemical and Material Industry

With the help of numerous primary interviews with experts and comprehensive secondary research, the team of analysts in QY Research have validated the data. In an attempt to provide a transparent scenario of the revenue share of the markets in the chemical and material industry to the present and potential clients, the research analysts in QY Research have done detailed product mapping of chemical and material manufacturers in the respective business segments of the company. An in-depth analysis of the breakdown of top vendors’ businesses into various segments under which they function has also provided in the reports related to chemical and material industry. Thus, annual revenue for each and every segment is also calculated and on the basis of secondary research and various company’s annual reports, evaluation and record of the entire annual revenue of the chemical and material manufacturers has been carried out effectively.

Competitive Landscape is the most valuable part of this report

Key financial developments of a particular company and product & company overview are some of the elements that help in acquiring information about top vendors in the market.  This particular section has also included a SWOT analysis of the companies featured in the report. This will help the audience in knowing about opportunities, strengths, threats and weaknesses that are facing by the key vendors in the chemical and material industry across the world. As the competitive landscape is the most valuable part of any report, it consists of all the required information for the detailed study of top players functioning in the chemical and material industry. It is also an interesting part to find how exactly these key manufacturers implement various strategies to secure the top rank in the industry. Such an in-depth information is useful for the new entrants into the industry as they would be able to learn a bit from these key vendors. Similarly, the information provided in the research report will also be valuable for the renowned key players as well, as they come to know the strategies of their counterparts to sustain in the competitive industry. 

 


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