Levulinic Acid - Global Market Trajectory & Analytics

Global Levulinic Acid Market to Reach $49.2 Million by 2027

Amid the COVID-19 crisis, the global market for Levulinic Acid estimated at US$21.3 Million in the year 2020, is projected to reach a revised size of US$49.2 Million by 2027, growing at a CAGR of 12.7% over the analysis period 2020-2027. Agriculture, one of the segments analyzed in the report, is projected to record a 12.6% CAGR and reach US$15.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pharmaceuticals segment is readjusted to a revised 14.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $5.7 Million, While China is Forecast to Grow at 16.6% CAGR

The Levulinic Acid market in the U.S. is estimated at US$5.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$10.8 Million by the year 2027 trailing a CAGR of 16.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 11% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.

Food Additives Segment to Record 13.1% CAGR

In the global Food Additives segment, USA, Canada, Japan, China and Europe will drive the 12.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3 Million in the year 2020 will reach a projected size of US$6.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.3 Million by the year 2027, while Latin America will expand at a 14.7% CAGR through the analysis period.

Select Competitors (Total 42 Featured):

• Avantium NV
• BioFine International US Inc.
• GF Biochemicals
• Hefei TNJ Chemical Industry Co., Ltd.
• Langfang Triple Well Chemicals Co Ltd.
• Simagchem Corporation