Global Kojic Acid Market Forecast
- In 2022, the market for kojic acid was estimated to be worth US$65.5 Mn, and by 2030, it is expected to increase to US$79.8 Mn.
- Between 2023 and 2030, the kojic acid market size is anticipated to expand at a CAGR of 2.5%.
Quick Report Digest
- The key trend anticipated to fuel the kojic acid market growth is an increase in the demand for natural and organic skincare products obtained from natural sources like fungus, falls into this trend as there is a surge in the market for natural and organic skincare products. The need for Kojic acid is influenced by consumers looking for all-natural alternatives to cosmetic treatments.
- Another major market trend expected to fuel the kojic acid market growth is the rapidly increasing global demand for skincare and cosmetic goods. The need for kojic acid in various skincare formulas is fueled by its desire to balance out skin tone and enhance appearance.
- In 2022, the cosmetic grade category dominated the industry. Kojic acid is used in a variety of formulations, including creams, serums, lotions, soaps, and more, due to the strong demand for products that address skin discoloration, hyperpigmentation, and uneven skin tone.
- In terms of market share for kojic acid globally, the food & beverage segment is anticipated to dominate. Growing food production as a result of population growth, increased drug demand for fungus-related illnesses, including athlete's foot, and rising skincare product usage.
- In 2022, the anti-oxidizing agent category controlled the market. By applying a gel composition directly to a contaminated area, a chemical or biological agent can be detoxified. The document contains oxidizing agents as well as thickening or gelling agents. As a result, utilising anti-oxidizing compounds is seen to be one of the most popular and successful practices.
- The fermentation category is highly prevalent in the market for kojic acid market. The traditional and widespread method for creating kojic acid is fermentation. Due to its natural and eco-friendly production processes, it is frequently used. Due to its apparent genuine nature, fermentation-derived kojic acid is frequently sought in applications like cosmetics and skincare.
- The Asia Pacific region is anticipated to account for the largest share of the global kojic acid market, owing to various factors such as expansion in the food & beverage industry anti-bacterial agent. The consumption and demand for Kojic acid in this region have been driven by the strong need for skin-lightening and anti-pigmentation cosmetics, which feature kojic acid as a key ingredient.
- The market for kojic acid is expanding in North America due to the rise in organic and natural skincare and cosmetics industries. Additionally, natural and organic skincare products have seen an increase in popularity among North American customers. This inclination for natural components is one-factor driving demand for kojic acid, which is sourced from organic sources like fungi.
A Look Back and a Look Forward - Comparative Analysis
The market for kojic acid has grown in popularity as a result of factors such as an increase in its applications across a variety of industries, including the anti-bacterial agent, anti-oxidizing agent, color protectant, flavor enhancer, bleaching agent, as well as a range of industrial sectors where the cosmetic grade has become essential, with an increase in usage generally in line with the global economy.
The market witnessed staggered growth during the historical period 2018 - 2022. This is due to the substantial growth of the major end-use application sectors such as food & beverage, pharmaceutical, cosmetics & personal care, construction, and others. However, in some applications, the demand for kojic acid has increased, including dairy products, snacks, and packaged food.
The increased utilisation of skincare products, although kojic acid can be used extensively to treat skin conditions, doing so may result in unpleasant side effects like dermatitis, rashes, and blisters. As a result, this might have a negative impact on how kojic acid is utilised in the cosmetics industry, which might prevent the global kojic acid market from growing. Furthermore, various conventional kojic acids are anticipated to lose ground to cosmetic industries during the next five years due to their rising popularity.
Key Growth Determinants
- Demand for Cosmetic Grades Surges in a Variety of Industries
Cosmetic grades are generally preferred to all other types of grades due to their extensive use of kojic acid. This is partly because it is widely used in the personal care and cosmetics sector. Kojic acid of the cosmetic grade is commonly used in a range of skincare and cosmetic products due to its skin-lightening and anti-pigmentation qualities.
Kojic acid is used in a variety of formulations, including creams, serums, lotions, soaps, and more, due to the strong demand for products that address skin discoloration, hyperpigmentation, and uneven skin tone. Kojic acid has been acknowledged for its effectiveness in assisting consumers in enhancing the appearance and texture of their skin, two things that consumers frequently look for in skincare products.
- Anti-Oxidizing and Anti-Bacterial Attributes Gain Traction
The anti-oxidizing agent and anti-bacterial industries have used kojic acid to outperform the competition. Kojic acid works as a powerful antioxidant, reducing the risk of oxidative damage to cells and tissues. In the healthcare and cosmetics sector, products with anti-oxidizing qualities are prized for their capacity to fight ageing symptoms and preserve skin health.
Kojic acid also has potent anti-bacterial qualities, which make it a crucial component in skincare and personal care products designed to cure or prevent bacterial skin diseases. The dominance of these markets in the kojic acid market, notably within the skincare, cosmetics, and personal care sectors, is a result of the continued increase in demand for anti-oxidizing and anti-bacterial agents.
- Rising Awareness About Skin Health
The demand for skincare and cosmetic goods has greatly increased as a result of consumer awareness and mindfulness regarding skin health and attractiveness. Kojic acid is a highly sought-after ingredient in the healthcare and cosmetics industry because of its ability to lighten skin and improve complexion.
Products that aid with hyperpigmentation, dark spots, and uneven skin tone, which are frequently caused by causes including sun exposure, ageing, or skin diseases, are in high demand.
Because of its potency in addressing these issues, kojic acid is a crucial ingredient in many skincare formulas, including creams, lotions, serums, and soaps. As people continue to prioritise skincare and look for solutions that give them a more even and luminous complexion, it is anticipated that this demand will endure and increase.
Major Growth Barriers
- Potential Irritation, and Sensitivity
Leading market players strongly emphasize the kojic acid market, increasing efficiency by speeding up operations. Higher amounts of kojic acid have the potential to make some people's skin irritated and sensitive. This restriction limits its suitability for those with sensitive skin, making it less suitable for prolonged or frequent use.
The sharpened focus can be harsh on the skin, causing redness, irritation, or a burning sensation. Therefore, before using products with high concentrations of kojic acid, those with sensitive skin should use caution and think about doing a patch test.
- Stability and Oxidation Issues
In the majority of manufacturing sectors, kojic acid is used. The formulation of skincare and cosmetic goods is significantly complicated by kojic acid's oxidation susceptibility. Kojic acid's potency and quality might deteriorate over time, which reduces its effectiveness.
Because of this instability, it is challenging for producers to guarantee that a product will maintain its desired skin-lightening and anti-pigmentation effects for the duration of its shelf life. To minimise the oxidation problem and maintain the product's effectiveness for the user, formulators must carefully develop packaging, storage setups, and product compositions that minimise interaction with air and light.
Key Trends and Opportunities to Look at
- Integration of Product Innovation and Development
Research and development have a huge chance to develop novel Kojic acid-based products. To improve the efficacy and user experience, formulation scientists can experiment with new delivery systems, combinations with other powerful compounds, and better stability measures.
- Increasing Solutions for Customised Skincare
Personalised skincare products are becoming more and more common as people look for treatments that address their specific skin issues and kinds. A major market opportunity is the customisation of kojic acid-based skincare products to address unique skin concerns and skin profiles.
For example, people with sensitive skin may benefit from lower doses of kojic acid to reduce irritation, while others with persistent hyperpigmentation may benefit from greater amounts for more effective outcomes.
- Market Diversification
In many areas, diversifying the market for kojic acid by investigating new uses for it outside of cosmetics is an interesting prospect. The potential of kojic acid as a preservative or color stabilizer in the food industry is receiving attention.
Due to its antibacterial qualities, some food products may have a longer shelf-life, which would decrease food waste and improve food safety. Additionally, particularly in the case of oxidation-sensitive products, its function as a color stabilizer may be important in maintaining the natural color of food items.
How Does the Regulatory Scenario Shape this Industry?
Over the last three years, applications within skincare standards have mostly focused on cosmetic grades. The concentration and use of Kojic acid in various formulations are subject to regulations set by regulatory organisations, including the European Commission, and the US FDA.
Kojic acid concentrations are restricted in skincare and cosmetics to ensure product safety and avoid unwanted negative effects, including skin irritation. Additionally, there are stringent rules governing product safety, efficacy claims, and labeling.
Authorities regulate the use of kojic acid as a food additive for applications in the food industry, setting maximum levels to ensure consumer safety. Manufacturers must abide by these rules in order to meet quality requirements, guarantee consumer safety, and obtain market acceptance. The formulation, promotion, and use of Kojic acid across industries must adhere to changing regulatory frameworks in order to preserve product efficacy and safety.
Fairfield’s Ranking Board
Top Segments
- Cosmetic Grade Category Continues to Dominate over Medicine Grade Segments
Due to its extensive application in skin care and cosmetic formulations, cosmetic grade kojic acid is frequently the market's main driver. The popularity of the cosmetic grade category is mostly due to the increased demand for goods that lighten skin, correct hyperpigmentation, and improve complexion.
Cosmetic-grade Kojic acid is a crucial component in many beauty and personal care products because consumers value goods that will enhance their appearance and manage skin-related issues.
Furthermore, the medicine grade category is projected to experience the fastest market growth. Kojic acid, which has potential medical uses, is becoming more widely known and used in the pharmaceutical and healthcare industries.
Its antioxidative, antibacterial, and anti-inflammatory activities have been emphasized in studies and research, highlighting its potential in pharmaceutical formulations.
- The Anti-Oxidizing Agent Category will Surge Ahead
In 2022, the anti-oxidizing agent category dominated the industry. Several factors have contributed to the rise in demand for anti-oxidizing substances like Kojic acid during the course of the forecast period. By defending the skin against oxidative stress and free radical damage, which are key causes of early ageing and skin-related problems, anti-oxidizing chemicals play a crucial role in skincare and cosmetic products.
Kojic acid, which is known for its antioxidant capabilities, is increasingly used in formulations to protect the skin from the damaging effects of UV rays, environmental pollutants, and other stressors.
The anti-bacterial category is anticipated to grow substantially throughout the projected period. Throughout the projection period, an increase in demand for kojic acid as an antibacterial agent is projected. The strong antibacterial qualities of kojic acid make it useful against a range of microorganisms.
The need for anti-bacterial compounds in skincare, personal care, and even home goods is increasing as people become more concerned with preserving their personal and environmental hygiene.
- Fermentation Remains the Leading Segment
The fermentation segment dominated the market in 2022. The traditional and widespread method for creating kojic acid is fermentation. Due to its natural and eco-friendly production processes, it is frequently used. Due to its apparent natural nature, fermentation-derived kojic acid is commonly sought in applications like cosmetics, and skincare.
The chemical reaction category is expected to experience the fastest growth within the forecast time frame. High yields and purity are made possible by the exact control that chemical synthesis or reaction methods provide over the generation of kojic acid.
The optimisation of reaction conditions has also been made possible by developments in chemical engineering and technology, leading to more effective and scalable production.
- F&B Records the Maximum Uptake
In 2022, the food & beverages category led the market growth. The market for kojic acid is predicted to be led by the food and beverage category due to the growing awareness of the possible uses for kojic acid in this industry. Kojic acid, which is well-known for having antibacterial and antioxidant characteristics, can be used as a color stabilizer and preservative in food and drink.
Due to its natural origin, kojic acid satisfies the demand for natural and safe food additives as customers become more health conscious. It is well suited for adoption in many food and beverage industry segments because of its capacity to prolong shelf life while maintaining the color and quality of food goods.
Moreover, the cosmetics & personal care category is expected to grow fastest in the kojic acid market during the forecast period. Consumers are increasingly prioritising skincare and personal grooming, driving a surge in the demand for products that address skin imperfections such as hyperpigmentation, dark spots, and uneven skin tone.
Regional Outlook
Asia Pacific to be the Largest Revenue Contributing Region
In the industries, kojic acid adoption is anticipated to dominate in the Asia Pacific region. Due to its significant involvement in both the manufacturing and consumption of kojic acid, the region has historically been dominating.
Major production hubs include nations like Japan, China, South Korea, and others that use their strong manufacturing capacities to supply the demand for kojic acid around the world. Additionally, kojic acid is widely used in the cosmetics and personal care sector in Asia Pacific because of its skin-lightening and anti-pigmentation qualities.
North America Explores Gains in Cosmetic Industries
Consumer interest in and spending on skincare and beauty products are increasing in the region, driven by factors like a desire for a young appearance, social media impact, and the accessibility of a wide range of cosmetic options.
Furthermore, the demand for products with natural ingredients like kojic acid, which is well-known for its skin-brightening and pigmentation-correcting properties, has increased due to the strong clean beauty and organic skincare trends in North America. The demand for kojic acid is rising as more cosmetic companies in North America realise the benefits of including it in their formulations.
Fairfield’s Competitive Landscape Analysis
The global kojic acid market is a consolidated market with fewer major players present across the globe. The key players are introducing new products as well as working on the distribution channels to enhance their worldwide presence. Moreover, Fairfield Market Research is expecting the market to witness more consolidation over the coming years.
Who are the Leaders in the Global Kojic acid Space?
- Sansho Seiyaku
- Xi’an Hao-Xuan Bio-tech Co
- Hubei Artec Biotechnology Co.
- Sichuan Huamai Technology
- Chengdu Jinkai
- Hubei Xiangxi Chemical
- Triveni Interchem
- Hubei Hongjing
- Hubei Xinxinjiali Biotech
- VWR International, LLC.
- Kojic Acid Dipalmitate (KAD)
- Kyowa Hakko Bio Co., Ltd
- Yasho Industries
- Salicylates and Chemicals Pvt. Ltd
Significant Company Developments
New Product Launch
- June 2022: Skincare brand Faces Canada was acquired by online retailer of beauty and personal care Purplle, and this move will expand the business's line of high-end, innovative makeup products.
- July 2020: L'Oréal's strategy decision to increase its market share in the natural skincare industry demonstrates its focus on this expanding sector. By acquiring Thayers Natural Remedies, L'Oréal will probably be able to meet customer demand for natural and wellness-oriented goods while expanding its product line and gaining market dominance in the skincare sector.
- November 2019: A joint venture firm was created, thanks to a contract signed by Maruho Co. and Kose Corporation, a worldwide personal care corporation from Japan. The objective was to establish a new company that would concentrate on dermatological and pharmaceutical skincare product development, manufacturing, and sales. To deliver a wide variety of skincare products that address both cosmetic and medical demands, the alliance aims to combine Maruho's knowledge of dermatological medications with Kose's expertise in skincare and cosmetics.
Distribution Agreement
- May 2021: For the markets in Australia, New Zealand, and the Pacific Islands, a collaboration between J.L. Lennard, and Cama Group was established. J.L. Lennard is an exclusive distributor of tools, accessories, and life cycle services.
- February 2020: CT Pack grew its market share in Latin America. It has also developed solid client relationships and a potent sales team. Customers' ideal solutions have been its complete packaging systems for the food industry.
From the Analyst's Perspective
Demand and Future Growth
As per Fairfield’s Analysis, the collaboration between Kose Corporation, and Maruho Co. in the skincare industry has promising market demand and growth potential. The combined company creates a special synergy by fusing Maruho Co.'s experience in dermatological pharmaceuticals with Kose Corporation's well-established name in cosmetics and skincare.
A supportive environment is designed for this collaboration by the rising global demand for premium skincare products and dermatology procedures. A wider range of consumer demands is addressed by the convergence of skincare and dermatological products, potentially growing the client base. This alliance is well-positioned to satisfy the growing need for integrative approaches to skin health in the beauty and wellness sector.
Supply Side of the Market
According to our analysis, assessing the supply side of the market involving Kose Corporation, and Maruho Co.'s joint venture unveils a strategic partnership with significant potential. Kose Corporation, a prominent name in the cosmetics industry, joining forces with Maruho Co., a specialised dermatology player, is a smart amalgamation of expertise.
The collaboration likely enriches the supply side by integrating Kose's knowledge of skincare and cosmetics with Maruho's expertise in dermatological drugs. This synergy can lead to a diversified product line encompassing both cosmetic and pharmaceutical offerings.
Furthermore, the joint venture could streamline the supply chain, optimise production processes, and leverage existing networks for a wider reach. The pharmaceutical-grade skincare products born from this partnership may cater to burgeoning market demand for effective and clinically backed skincare solutions, promising an intriguing outlook for the supply-side dynamics in the dermatological and skincare industry.
Global Kojic Acid Market is Segmented as Below:
By Process
- Fermentation
- Chemical Reaction
By Grade
- Cosmetic Grade
- Food Grade
- Medicine Grade
- Others
By Application
- Anti-Bacterial Agent
- Anti-Oxidizing Agent
- Colour Protectant
- Flavor Enhancer
- Bleaching Agent
- Others
By End Use
- Snacks Food & Beverage
- Dairy Products
- Snacks
- Deserts
- Soft Drinks
- Packaged Food
- Meat Products
- Others
- Pharmaceutical
- Cosmetics & Personal Care
- Construction
- Residential Construction
- Commercial Construction
- Others
By Geographic Coverage
- North America
- S.
- Canada
- Europe
- Germany
- K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Egypt
- Nigeria
- Rest of the Middle East & Africa
1. Executive Summary
1.1. Global Kojic Acid Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Kojic Acid Market Outlook, 2018 – 2030
3.1. Global Kojic Acid Market Outlook, by Process, Value (US$ Mn), 2018 – 2030
3.1.1. Key Highlights
3.1.1.1. Fermentation
3.1.1.2. Chemical Reaction
3.2. Global Kojic Acid Market Outlook, by Grade, Value (US$ Mn), 2018 – 2030
3.2.1. Key Highlights
3.2.1.1. Cosmetic Grade
3.2.1.2. Food Grade
3.2.1.3. Medicine Grade
3.2.1.4. Others
3.3. Global Kojic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2030
3.3.1. Key Highlights
3.3.1.1. Anti-Bacterial Agent
3.3.1. Key Highlights
3.3.1.2. Anti-Oxidizing Agent
3.3.1.3. Colour Protectant
3.3.1.4. Flavor Enhancer
3.3.1.5. Bleaching Agent
3.3.1.6. Others
3.4. Global Kojic Acid Market Outlook, by End User, Value (US$ Mn), 2018 – 2030
3.4.1. Key Highlights Snacks
3.4.1.1. Food & Beverage
3.4.1.1.1. Dairy Products
3.4.1.1.2. Snacks
3.4.1.1.3. Deserts
3.4.1.1.4. Soft Drinks
3.4.1.1.5. Packaged Food
3.4.1.1.6. Meat Products
3.4.1.1.7. Others
3.4.1.2. Pharmaceutical
3.4.1.3. Cosmetics & Personal Care
3.4.1.4. Construction
3.4.1.4.1. Residential Construction
3.4.1.4.2. Commercial Construction
3.4.1.5. Others
3.5. Global Kojic Acid Market Outlook, by Region, Value (US$ Mn), 2018 – 2030
3.5.1. Key Highlights
3.5.1.1. North America
3.5.1.2. Europe
3.5.1.3. Asia Pacific
3.5.1.4. Latin America
3.5.1.5. Middle East & Africa
4. North America Kojic Acid Market Outlook, 2018 – 2030
4.1. North America Kojic Acid Market Outlook, by Process, Value (US$ Mn), 2018 – 2030
4.1.1. Key Highlights
4.1.1.1. Fermentation
4.1.1.2. Chemical Reaction
4.2. North America Kojic Acid Market Outlook, by Grade, Value (US$ Mn), 2018 – 2030
4.2.1. Key Highlights
4.2.1.1. Cosmetic Grade
4.2.1.2. Food Grade
4.2.1.3. Medicine Grade
4.2.1.4. Others
4.3. North America Kojic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2030
4.3.1. Key Highlights
4.3.1.1. Anti-Bacterial Agent
4.3.1.2. Anti-Oxidizing Agent
4.3.1.3. Colour Protectant
4.3.1.4. Flavor Enhancer
4.3.1.5. Bleaching Agent
4.3.1.6. Others
4.4. North America Kojic Acid Market Outlook, by End User, Value (US$ Mn), 2018 – 2030
4.4.1. Key Highlights
4.4.1.1. Food & Beverage
4.4.1.1.1. Dairy Products
4.4.1.1.2. Snacks
4.4.1.1.3. Deserts
4.4.1.1.4. Soft Drinks
4.4.1.1.5. Packaged Food
4.4.1.1.6. Meat Products
4.4.1.1.7. Others
4.4.1.2. Pharmaceutical
4.4.1.3. Cosmetics & Personal Care
4.4.1.4. Construction
4.4.1.4.1. Residential Construction
4.4.1.4.2. Commercial Construction
4.4.1.5. Others
4.4.2. BPS Analysis/Market Attractiveness Analysis
4.5. North America Kojic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2030
4.5.1. Key Highlights
4.5.1.1. U.S. Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
4.5.1.2. U.S. Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
4.5.1.3. U.S. Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
4.5.1.4. U.S. Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
4.5.1.5. Canada Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
4.5.1.6. Canada Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
4.5.1.7. Canada Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
4.5.1.8. Canada Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
4.5.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Kojic Acid Market Outlook, 2018 – 2030
5.1. Europe Kojic Acid Market Outlook, by Process, Value (US$ Mn), 2018 – 2030
5.1.1. Key Highlights
5.1.1.1. Fermentation
5.1.1.2. Chemical Reaction
5.2. Europe Kojic Acid Market Outlook, by Grade, Value (US$ Mn), 2018 – 2030
5.2.1. Key Highlights
5.2.1.1. Cosmetic Grade
5.2.1.2. Food Grade
5.2.1.3. Medicine Grade
5.2.1.4. Others
5.3. Europe Kojic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2030
5.3.1. Key Highlights
5.3.1.1. Anti-Bacterial Agent
5.3.1.2. Anti-Oxidizing Agent
5.3.1.3. Colour Protectant
5.3.1.4. Flavor Enhancer
5.3.1.5. Bleaching Agent
5.3.1.6. Others
5.4. Europe Kojic Acid Market Outlook, by End User, Value (US$ Mn), 2018 – 2030
5.4.1. Key Highlights
5.4.1.1. Food & Beverage
5.4.1.1.1. Dairy Products
5.4.1.1.2. Snacks
5.4.1.1.3. Deserts
5.4.1.1.4. Soft Drinks
5.4.1.1.5. Packaged Food
5.4.1.1.6. Meat Products
5.4.1.1.7. Others
5.4.1.2. Pharmaceutical
5.4.1.3. Cosmetics & Personal Care
5.4.1.4. Construction
5.4.1.4.1. Residential Construction
5.4.1.4.2. Commercial Construction
5.4.1.5. Others
5.4.2. BPS Analysis/Market Attractiveness Analysis
5.5. Europe Kojic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2030
5.5.1. Key Highlights
5.5.1.1. Germany Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
5.5.1.2. Germany Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
5.5.1.3. Germany Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
5.5.1.4. Germany Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
5.5.1.5. U.K. Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
5.5.1.6. U.K. Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
5.5.1.7. U.K. Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
5.5.1.8. U.K. Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
5.5.1.9. France Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
5.5.1.10. France Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
5.5.1.11. France Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
5.5.1.12. France Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
5.5.1.13. Italy Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
5.5.1.14. Italy Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
5.5.1.15. Italy Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
5.5.1.16. Italy Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
5.5.1.17. Turkey Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
5.5.1.18. Turkey Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
5.5.1.19. Turkey Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
5.5.1.20. Turkey Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
5.5.1.21. Russia Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
5.5.1.22. Russia Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
5.5.1.23. Russia Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
5.5.1.24. Russia Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
5.5.1.25. Rest of Europe Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
5.5.1.26. Rest of Europe Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
5.5.1.27. Rest of Europe Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
5.5.1.28. Rest of Europe Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
5.5.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Kojic Acid Market Outlook, 2018 – 2030
6.1. Asia Pacific Kojic Acid Market Outlook, by Process, Value (US$ Mn), 2018 – 2030
6.1.1. Key Highlights
6.1.1.1. Fermentation
6.1.1.2. Chemical Reaction
6.2. Asia Pacific Kojic Acid Market Outlook, by Grade, Value (US$ Mn), 2018 – 2030
6.2.1. Key Highlights
6.2.1.1. Cosmetic Grade
6.2.1.2. Food Grade
6.2.1.3. Medicine Grade
6.2.1.4. Others
6.3. Asia Pacific Kojic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2030
6.3.1. Key Highlights
6.3.1.1. Anti-Bacterial Agent
6.3.1.2. Anti-Oxidizing Agent
6.3.1.3. Colour Protectant
6.3.1.4. Flavor Enhancer
6.3.1.5. Bleaching Agent
6.3.1.6. Others
6.4. Asia Pacific Kojic Acid Market Outlook, by End User, Value (US$ Mn), 2018 – 2030
6.4.1. Key Highlights
6.4.1.1. Food & Beverage
6.4.1.1.1. Dairy Products
6.4.1.1.2. Snacks
6.4.1.1.3. Deserts
6.4.1.1.4. Soft Drinks
6.4.1.1.5. Packaged Food
6.4.1.1.6. Meat Products
6.4.1.1.7. Others
6.4.1.2. Pharmaceutical
6.4.1.3. Cosmetics & Personal Care
6.4.1.4. Construction
6.4.1.4.1. Residential Construction
6.4.1.4.2. Commercial Construction
6.4.1.5. Others
6.4.2. BPS Analysis/Market Attractiveness Analysis
6.5. Asia Pacific Kojic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2030
6.5.1. Key Highlights
6.5.1.1. China Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
6.5.1.2. China Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
6.5.1.3. China Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
6.5.1.4. China Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
6.5.1.5. Japan Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
6.5.1.6. Japan Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
6.5.1.7. Japan Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
6.5.1.8. Japan Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
6.5.1.9. South Korea Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
6.5.1.10. South Korea Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
6.5.1.11. South Korea Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
6.5.1.12. South Korea Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
6.5.1.13. India Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
6.5.1.14. India Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
6.5.1.15. India Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
6.5.1.16. India Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
6.5.1.17. Southeast Asia Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
6.5.1.18. Southeast Asia Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
6.5.1.19. Southeast Asia Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
6.5.1.20. Southeast Asia Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
6.5.1.21. Rest of Asia Pacific Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
6.5.1.22. Rest of Asia Pacific Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
6.5.1.23. Rest of Asia Pacific Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
6.5.1.24. Rest of Asia Pacific Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
6.5.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Kojic Acid Market Outlook, 2018 – 2030
7.1. Latin America Kojic Acid Market Outlook, by Process, Value (US$ Mn), 2018 – 2030
7.1.1. Key Highlights
7.1.1.1. Fermentation
7.1.1.2. Chemical Reaction
7.2. Latin America Kojic Acid Market Outlook, by Grade, Value (US$ Mn), 2018 – 2030
7.2.1. Key Highlights
7.2.1.1. Cosmetic Grade
7.2.1.2. Food Grade
7.2.1.3. Medicine Grade
7.2.1.4. Others
7.3. Latin America Kojic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2030
7.3.1. Key Highlights
7.3.1.1. Anti-Bacterial Agent
7.3.1.2. Anti-Oxidizing Agent
7.3.1.3. Colour Protectant
7.3.1.4. Flavor Enhancer
7.3.1.5. Bleaching Agent
7.3.1.6. Others
7.4. Latin America Kojic Acid Market Outlook, by End User, Value (US$ Mn), 2018 – 2030
7.4.1. Key Highlights
7.4.1.1. Food & Beverage
7.4.1.1.1. Dairy Products
7.4.1.1.2. Snacks
7.4.1.1.3. Deserts
7.4.1.1.4. Soft Drinks
7.4.1.1.5. Packaged Food
7.4.1.1.6. Meat Products
7.4.1.1.7. Others
7.4.1.2. Pharmaceutical
7.4.1.3. Cosmetics & Personal Care
7.4.1.4. Construction
7.4.1.4.1. Residential Construction
7.4.1.4.2. Commercial Construction
7.4.1.5. Others
7.4.2. BPS Analysis/Market Attractiveness Analysis
7.5. Latin America Kojic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2030
7.5.1. Key Highlights
7.5.1.1. Brazil Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
7.5.1.2. Brazil Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
7.5.1.3. Brazil Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
7.5.1.4. Brazil Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
7.5.1.5. Mexico Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
7.5.1.6. Mexico Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
7.5.1.7. Mexico Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
7.5.1.8. Mexico Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
7.5.1.9. Argentina Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
7.5.1.10. Argentina Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
7.5.1.11. Argentina Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
7.5.1.12. Argentina Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
7.5.1.13. Rest of Latin America Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
7.5.1.14. Rest of Latin America Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
7.5.1.15. Rest of Latin America Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
7.5.1.16. Rest of Latin America Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
7.5.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Kojic Acid Market Outlook, 2018 – 2030
8.1. Middle East & Africa Kojic Acid Market Outlook, by Process, Value (US$ Mn), 2018 – 2030
8.1.1. Key Highlights
8.1.1.1. Fermentation
8.1.1.2. Chemical Reaction
8.2. Middle East & Africa Kojic Acid Market Outlook, by Grade, Value (US$ Mn), 2018 – 2030
8.2.1. Key Highlights
8.2.1.1. Cosmetic Grade
8.2.1.2. Food Grade
8.2.1.3. Medicine Grade
8.2.1.4. Others
8.3. Middle East & Africa Kojic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2030
8.3.1. Key Highlights
8.3.1.1. Anti-Bacterial Agent
8.3.1.2. Anti-Oxidizing Agent
8.3.1.3. Colour Protectant
8.3.1.4. Flavor Enhancer
8.3.1.5. Bleaching Agent
8.3.1.6. Others
8.4. Middle East & Africa Kojic Acid Market Outlook, by End User, Value (US$ Mn), 2018 – 2030
8.4.1. Key Highlights
8.4.1.1. Food & Beverage
8.4.1.1.1. Dairy Products
8.4.1.1.2. Snacks
8.4.1.1.3. Deserts
8.4.1.1.4. Soft Drinks
8.4.1.1.5. Packaged Food
8.4.1.1.6. Meat Products
8.4.1.1.7. Others
8.4.1.2. Pharmaceutical
8.4.1.3. Cosmetics & Personal Care
8.4.1.4. Construction
8.4.1.4.1. Residential Construction
8.4.1.4.2. Commercial Construction
8.4.1.5. Others
8.4.2. BPS Analysis/Market Attractiveness Analysis
8.5. Middle East & Africa Kojic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2030
8.5.1. Key Highlights
8.5.1.1. GCC Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
8.5.1.2. GCC Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
8.5.1.3. GCC Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
8.5.1.4. GCC Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
8.5.1.5. South Africa Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
8.5.1.6. South Africa Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
8.5.1.7. South Africa Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
8.5.1.8. South Africa Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
8.5.1.9. Egypt Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
8.5.1.10. Egypt Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
8.5.1.11. Egypt Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
8.5.1.12. Egypt Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
8.5.1.13. Nigeria Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
8.5.1.14. Nigeria Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
8.5.1.15. Nigeria Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
8.5.1.16. Nigeria Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
8.5.1.17. Rest of Middle East & Africa Kojic Acid Market by Process, Value (US$ Mn), 2018 – 2030
8.5.1.18. Rest of Middle East & Africa Kojic Acid Market Grade, Value (US$ Mn), 2018 – 2030
8.5.1.19. Rest of Middle East & Africa Kojic Acid Market Application, Value (US$ Mn), 2018 – 2030
8.5.1.20. Rest of Middle East & Africa Kojic Acid Market End User, Value (US$ Mn), 2018 – 2030
8.5.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Application vs Application Heatmap
9.2. Manufacturer vs Application Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Sansho Seiyaku
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Xi’an Hao-xuan Bio-tech Co
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Hubei Artec Biotechnology Co
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Syder
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. Sichuan Huamai Technology
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Chengdu Jinkai
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Hubei Xiangxi Chemical
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Triveni Interchem
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. Hubei Hongjing
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. Hubei Xinxinjiali Bio-tech
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. VWR International, LLC.
9.5.11.1. Company Overview
9.5.11.2. Product Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
9.5.12. Kojic Acid Dipalmitate (KAD)
9.5.12.1. Company Overview
9.5.12.2. Product Portfolio
9.5.12.3. Financial Overview
9.5.12.4. Business Strategies and Development
9.5.13. Kyowa Hakko Bio Co., Ltd
9.5.13.1. Company Overview
9.5.13.2. Product Portfolio
9.5.13.3. Financial Overview
9.5.13.4. Business Strategies and Development
9.5.14. Yasho Industries
9.5.14.1. Company Overview
9.5.14.2. Product Portfolio
9.5.14.3. Financial Overview
9.5.14.4. Business Strategies and Development
9.5.15. Salicylates and Chemicals Pvt. Ltd
9.5.15.1. Company Overview
9.5.15.2. Product Portfolio
9.5.15.3. Financial Overview
9.5.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations
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BASE YEAR |
HISTORICAL DATA |
FORECAST PERIOD |
UNITS |
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2022 |
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2018 - 2022 |
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2023 - 2030 |
Value: US$ Million |
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REPORT FEATURES |
DETAILS |
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Process Coverage |
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Grade Coverage |
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Application Coverage |
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End Use Coverage |
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Geographical Coverage |
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Leading Companies |
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Report Highlights |
Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain) |
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