18β-Glycyrrhetinic Acid Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031
The "18β-Glycyrrhetinic Acid Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The 18β-Glycyrrhetinic Acid market is expected to grow annually by 10.7% (CAGR 2024 - 2031).
This entire report is of 141 pages.
18β-Glycyrrhetinic Acid Introduction and its Market Analysis
18β-Glycyrrhetinic Acid is a natural compound derived from licorice root with various therapeutic properties. The market for 18β-Glycyrrhetinic Acid is driven by increasing demand for natural and herbal products in the pharmaceutical and cosmetic industries. Major factors contributing to revenue growth include its anti-inflammatory, antioxidant, and anti-allergic properties. Key players in the market include Fujie Pharmaceutical, QHL Pharma, Select Botanical, Indena, Alchem International, TIANSHAN Pharmaceuticals, Selco Wirkstoffe Vertriebs GmbH, and Jiangsu Tiansheng Pharmaceutical. The report highlights market trends, opportunities, and challenges, along with recommendations for companies to capitalize on the growing demand for 18β-Glycyrrhetinic Acid.
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The global 18β-Glycyrrhetinic Acid market is segmented based on purity levels of 95% (HPLC), 98% (HPLC), and 99% (HPLC), with applications in pharmaceuticals, cosmetics, and other industries. The increasing demand for natural ingredients in pharmaceuticals and cosmetics is driving the growth of this market. Regulatory factors, such as compliance with quality standards and labeling requirements, play a crucial role in market conditions. Legal factors, including patents and intellectual property rights, also impact the competitiveness of companies operating in this sector. As the market continues to expand, companies must stay updated on regulatory and legal factors to ensure compliance and sustainability in their operations. Overall, the 18β-Glycyrrhetinic Acid market offers significant growth opportunities for companies worldwide, especially those focusing on natural and high-quality ingredients for pharmaceutical and cosmetic products.
Top Featured Companies Dominating the Global 18β-Glycyrrhetinic Acid Market
The 18β-Glycyrrhetinic Acid market is highly competitive with several key players dominating the market. Some of the prominent companies operating in this market include Fujie Pharmaceutical, QHL Pharma, Select Botanical, Indena, Alchem International, TIANSHAN Pharmaceuticals, Selco Wirkstoffe Vertriebs GmbH, and Jiangsu Tiansheng Pharmaceutical.
These companies use 18β-Glycyrrhetinic Acid in various products such as dietary supplements, skincare products, and pharmaceuticals. They leverage the unique properties of 18β-Glycyrrhetinic Acid, such as its anti-inflammatory, anti-viral, and anti-oxidant properties, to create products that cater to a wide range of health and wellness needs.
These companies contribute to the growth of the 18β-Glycyrrhetinic Acid market by investing in research and development to explore new applications of the compound, expanding their product offerings, and catering to the increasing demand for natural and herbal products in the healthcare industry.
In terms of sales revenue, Fujie Pharmaceutical reported sales revenue of $50 million in 2020, QHL Pharma reported sales revenue of $35 million, and Select Botanical reported sales revenue of $20 million. These figures demonstrate the significant market share and revenue generated by key players in the 18β-Glycyrrhetinic Acid market.
Overall, the companies operating in the 18β-Glycyrrhetinic Acid market play a crucial role in driving innovation, meeting consumer demand, and fueling the growth of the market through their diverse product offerings and strategic investments in research and development.
- Fujie Pharmaceutical
- QHL Pharma
- Select Botanical
- Indena
- Alchem International
- TIANSHAN Pharmaceuticals
- Selco Wirkstoffe Vertriebs GmbH
- Jiangsu Tiansheng Pharmaceutical
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18β-Glycyrrhetinic Acid Market Analysis, by Type:
- 95% (HPLC)
- 98% (HPLC)
- 99% (HPLC)
18β-Glycyrrhetinic Acid is available in different purities such as 95%, 98%, and 99% as per High-Performance Liquid Chromatography (HPLC) analysis. Higher purity levels ensure better quality and potency of the product, making it more effective for various applications. The availability of different purity levels caters to a wide range of industries including pharmaceuticals, cosmetics, and food supplements, thereby boosting the demand for 18β-Glycyrrhetinic Acid in the market. These different types of 18β-Glycyrrhetinic Acid provide options for manufacturers and consumers to choose the purity level that best suits their specific requirements, thus driving market growth.
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18β-Glycyrrhetinic Acid Market Analysis, by Application:
- Pharmaceutical
- Cosmetics
- Other
18β-Glycyrrhetinic Acid is primarily used in pharmaceuticals as an anti-inflammatory, anti-viral, and anti-allergic agent. In cosmetics, it is used for its skin brightening and anti-inflammatory properties. In other applications, it is used in food supplements and herbal products. The fastest growing application segment in terms of revenue is pharmaceuticals, due to the increasing demand for natural remedies and alternative medicine options. In pharmaceuticals, 18β-Glycyrrhetinic Acid is used in various formulations such as creams, ointments, capsules, and oral solutions for treating various skin conditions, inflammation, and viral infections.
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18β-Glycyrrhetinic Acid Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The 18β-Glycyrrhetinic Acid market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America, particularly the United States, and Europe, notably Germany and the ., are anticipated to dominate the market with a substantial market share. Asia-Pacific, including China, Japan, and India, is also projected to contribute significantly to the market growth. Latin America, particularly Brazil and Mexico, as well as Middle East & Africa, including Saudi Arabia and UAE, are expected to show strong demand for 18β-Glycyrrhetinic Acid, boosting market share in these regions.
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