Global Kojic Acid Market Growth 2023-2029

Global Kojic Acid Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Kojic Acid Industry Forecast” looks at past sales and reviews total world Kojic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Kojic Acid sales for 2023 through 2029. With Kojic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Kojic Acid industry.

This Insight Report provides a comprehensive analysis of the global Kojic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Kojic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Kojic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Kojic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Kojic Acid.

The global Kojic Acid market size is projected to grow from US$ 35 million in 2022 to US$ 38 million in 2029; it is expected to grow at a CAGR of 38 from 2023 to 2029.

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 and Hubei Xinxinjiali Bio-tech are the key manufacturters of Kojic Acid, with about 60% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of Kojic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Normal

Ultra-High Pure

Segmentation by application

Cosmetics

Food Additive

Medicine Material

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Kojic Acid market?

What factors are driving Kojic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Kojic Acid market opportunities vary by end market size?

How does Kojic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.