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The gallic acid is a naturally occurring antioxidant, which is a secondary type of polyphenolic metabolite. It is found in various plants including witch hazel, gallnuts, oak bark, tea leaves, and sumac. It is a colorless crystalline powder that is available as part of a tannin molecule or a free molecule. The gallic acid offers various beneficial properties such as anti-microbial, antifungal, and antibacterial. Furthermore, it is utilized as a synthetic intermediate in the production of gallic acid esters and pyrogallols. The gallic acid finds its application in the medical, antioxidants, reagent, biological activity, and food additive.
The rising demand for gallic acid in the pharmaceutical industry will provide market expansion. Gallic acid has anti-fungal and anti-viral properties. It acts as an antioxidant and aids to protect the cells from oxidative damage. The gallic acid is used to show cytotoxicity against cancer cells, without harming healthy cells. Further, gallic acid is also used to treat albuminuria and diabetes. Rising use of gallic acid in the treatment of cancer, cardiovascular maladies, inflammation, hepatitis C, neurological disorders and HCV infection will drive the market demand.
Key Market Driver -
Rising demand for gallic acid in the healthcare industry to drive the market growth
Key Market Restraint -
Fluctuations in the availability of gallic acid to restrict the market growth
However, the higher demand for gallic acid owing to its benefits leads to fluctuations in its availability, which further creates the demand-supply gap for the product. The lack of availability leads to the reduction in its adoption and rising the demand for an alternative product, which may restrict market growth.
Based on grade, the gallic acid market is segmented into industrial grade, pharmaceutical grade, food grade, and others. Based on application, the market is segmented into medical application, biological activity, antioxidants, food additive, reagent, and others. Based on end use industry, the market is segmented into cosmetics & personal care, pharmaceutical, ink & dye, food & feed, electronics, paper, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the gallic acid market are Cayman Chemical, EMBL-EBI, LKT Laboratories, Inc., MedChemExpress, Hubei Tianxin Biotech Co., Ltd, EXTRASYNTHESE, Zunyi City Bei Yuan Chemical Co.,Ltd, Gallochem Co., Ltd., Chicheng Biotech, and Xiangxi Gaoyuan Biotechnology Co.,Ltd.
Asia Pacific is the leading contributor to the gallic acid market and anticipated to witness the highest growth in the review period. The rapidly growing cosmetic & personal care and healthcare industry has increased the demand for gallic acid. In the North America, growth is attributed to the rising demand for gallic acid in the pharmaceutical industry. In Europe, the rapidly growing electronics and food industry has increased the demand for gallic acid. The Middle East & Africa and Latin America will register significant growth, owing to the expansion of the paper industry.
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