Coumarin

Coumarin

Coumarin is a natural substance obtained from plant species. It has a sweet, vanilla, and hay-like odour due to which it is commonly used in a variety of applications such as the preparation of perfumes, as a flavouring agent and as a pharmaceutical agent.

The global Coumarin market is projected to expand significantly with a CAGR of ~6.5. This is attributed to the increase in demand for Coumarin by the food and beverage industry. Coumarin is widely used as a substitute to vanilla by the food and beverage industry, due to its hay-like fragrance. Additionally, due to its sweet aroma, it is widely used in the preparation of personal care hygiene products including perfumes, lotions and deodorants. Furthermore, it also has some medicinal properties such as anti-inflammatory, anti-oxidant and anti-coagulant, making it an ideal component to be used in pharmaceutical preparations. Thus, the above-mentioned factors associated with Coumarin are anticipated to fuel the market growth in the forecast period.

• Based on application, the market is segmented into medicine, active pharmaceutical ingredients, perfumery & fragrance, detergents, and electroplating. The perfumery & fragrance segment is expected to grow with a significant CAGR during the forecast period. Through Perfumes, consumers can express who they are and how they feel. This not only boosts their confidence level but also provides a feeling of social well-being. This factor is driving the growth of the segment.
• Based on grade, the market is bifurcated into pharmaceutical and cosmetic industries. Amongst these, the pharmaceutical industry, segment is expected to grow at a significant growth rate during the forecast period. This is attributed to its biological activity and pharmacological applications in the treatment of chronic diseases. Coumarin has antitumor, photochemotherapy, anti-HIV, antibacterial and antifungal, anti-inflammatory, anticoagulant and central nervous system stimulant effects.
• For a better understanding of the market adoption of Coumarin, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (UK, Germany, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Rest of World. The Asia Pacific Coumarin market is expected to grow with a higher CAGR rate in 2021 due to the increase in demand for natural and organic products in this region. Consumers are increasingly adopting natural and organic products due to the rising awareness about the harmful effect of synthetic ingredients on health and the enviourment. Furthermore, the growth of the food and beverages industry in this region is anticipated to boost the market growth in this region.
• Some of the major players operating in the market include Alfa Aesar, Thermo Fisher Scientific., Omkar speciality chemicals Ltd., Eternis aroma chemicals, NS Chemicals, Yingyang (china) Aroma Chemical Group, Anhui Jinpeng, Shanghai Brightol International Co., Ltd , TCI AMERICA, Merck KGaA, MP BIOMEDICALS.