Gallic Acid Market
Gallic Acid Market
The market for Gallic Acid was estimated at $238.20 million in 2024; it is anticipated to increase to $426 million by 2030, with projections indicating growth to around $693 million by 2035.
Global Gallic Acid Market Outlook
Revenue, 2024 (US$M)
$238M
Forecast, 2034 (US$M)
$629M
CAGR, 2024 - 2034
10.2%
Market Key Insights
- The Gallic Acid market is projected to grow from $238.2 million in 2024 to $629 million in 2034. This represents a CAGR of 10.2%, reflecting rising demand across Pharmaceutical Industry, Food & Beverage Industry and Cosmetics & Personal Care Products.
- A&K Petrochem, Airedale Chemical, AHN Biotechnologie are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Gallic Acid market and are expected to observe the growth CAGR of 7.4% to 10.7% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 9.8% to 12.8%.
- Transition like Sustainable Production of Gallic Acid is expected to add $56.3 million to the Gallic Acid market growth by 2030
- The Gallic Acid market is set to add $391 million between 2024 and 2034, with manufacturer targeting Food & Beverages & Cosmetics & Personal Care Application Type projected to gain a larger market share.
- With Rising demand in the pharmaceutical industry, and Expanding cosmetic industry applications, Gallic Acid market to expand 164% between 2024 and 2034.
Opportunities in the Gallic Acid
Gallic Acid has become popular in the beauty industry due to its anti age and anti inflammatory properties recently because of the increase in urbanization and interest in natural beauty products which is driving the demand for it in skincare and haircare products due, to increased disposable income.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rising Demand in the Pharmaceutical Industry, and Enhanced focus on Food Preservation
Restraint: Raw Material Price Fluctuation
Opportunity: Expanding Applications in Pharmaceuticals and Sustainable Technologies for Production
Challenge: Stringent Regulatory Frameworks
Supply Chain Landscape
Raw Material Acquisition
Tannin Corporation
Organic Herb Inc
Artificial Synthesis
Sigma-Aldrich Co.
Thermo Fisher Scientific
Processing & Refinement
Merck KGaA
Cayman Chemical Company
End User
Pharmaceuticals
Food and Beverages
Chemical Industries
Raw Material Acquisition
Tannin Corporation
Organic Herb Inc
Artificial Synthesis
Sigma-Aldrich Co.
Thermo Fisher Scientific
Processing & Refinement
Merck KGaA
Cayman Chemical Company
End User
Pharmaceuticals
Food and Beverages
Chemical Industries