The United Kingdom pelargonic acid market has been witnessing steady growth owing to increasing application of pelargonic acid in personal care & cosmetic products such as baby care, face wash, and hair conditioner. Pelargonic acid acts as an antimicrobial agent that inhibits the growth of microorganisms thereby extending the shelf life of personal care formulations. The rising focus on personal grooming among consumers has augmented the demand for high-quality personal care items that use pelargonic acid as a preservative.
The United Kingdom Pelargonic Acid Market is estimated to be valued at US$ 6.29 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.
Key players operating in the United Kingdom pelargonic acid market are Central Drug House. ,Croda International Plc,Emery Oleochemicals UK Limited, Glentham Life Sciences Limited,OQ Chemicals GmbH. The growing awareness about the benefits of pelargonic acid in pharmaceutical and personal care applications has fostered the demand across the UK. Secondly, the stringent regulations regarding chemical preservatives have further propelled the natural pelargonic acid demand. Furthermore, several leading personal care brands have introduced pelargonic acid-based formulations which is anticipated to drive its consumption.
The Global United Kingdom pelargonic acid market is driven by the growing demand from the personal care sector. Pelargonic acid acts as an effective preservative, emulsifier and emollient to improve the quality and shelf life of personal care products. The increasing expenditures on premium personal grooming products and effective marketing by leading brands are fueling the demand. Moreover, the rising environmental consciousness among consumers has augmented the preference for naturally sourced pelargonic acid over chemical preservatives.
Key Takeaways
Key players operating in the United Kingdom pelargonic acid market are Central Drug House. ,Croda International Plc,Emery Oleochemicals UK Limited, Glentham Life Sciences Limited,OQ Chemicals GmbH. These players are focusing on portfolio expansion and establishing long-term supply agreements with end-use industries to strengthen their market position.
The growing awareness about the skin and hair benefits of pelargonic acid among consumers is propelling the product demand. The rising incomes and improving living standards in emerging nations are also boosting the expenditure on premium personal care brands.
Globally, the pelargonic acid market is witnessing constant expansion owing to surging product adoption in developed markets of Europe and North America. Meanwhile, Asia Pacific is expected to offer remunerative growth opportunities during the forecast period with the growing personal care industry in China and India.
Market Drivers
The main driver aiding the growth of the United Kingdom pelargonic acid market is the growing demand from the personal care segment. Pelargonic acid is increasingly being used as an effective preservative in personal care products such as face creams, cleansers, and shampoos owing to its antimicrobial properties. It can inhibit microbial growth even at low concentrations and does not require heating for activation. In addition, pelargonic acid helps in maintaining the aesthetic appeal and sensory attributes of end products. Thus, these versatile characteristics have augmented its use in cosmetic formulations. The rising expenditures on premium personal care across households as a part of self-grooming are expected to continue driving the pelargonic acid consumption over the coming years.
Impact Of Geopolitical Situation On The United Kingdom Pelargonic Acid Market Growth:
The UK pelargonic acid market is facing uncertainties due to mounting geopolitical tensions and trade conflicts. The Brexit situation has negatively impacted the domestic chemicals industry in the UK by causing supply chain disruptions and currency volatility. This uncertainty has made businesses cautious about long term investments. Moreover, trade wars between major economies like US-China have weakened global trade and demand. Given UK's dependence on exports, such global trade issues impact its chemicals industry.
Going forward, market players need to closely monitor changing political scenarios and be prepared with counter strategies. Diversifying supply chains across multiple regions can mitigate political risks. Companies may also look at shifting focus to faster growing domestic or export markets that are relatively less impacted. While geopolitical challenges exist in short term, the market is expected to regain lost ground once major trade issues stabilize in coming years. Collaborations with local partners can help gain foothold in diverse markets and offset any demand shocks from few regions.
Geographical Regions With High Pelargonic Acid Market Share:
Currently, Europe dominates the global pelargonic acid market in terms of value share, led by countries like Germany, France, and UK. This is attributed to robust chemicals industry and dominant presence of leading manufacturers in the region. As per estimates, the European market accounted for over 35% of global pelargonic acid demand in 2023. Availability of advanced production facilities and skilled workforce provide competitive advantage to European suppliers.
North America is another major regional market owing to sizeable demand from personal care and home care segments. Changing consumer preferences towards natural ingredients boost the use of pelargonic acid in various personal care applications.
Fastest Growing Region In The United Kingdom Pelargonic Acid Market:
The Asia Pacific region is projected to showcase highest growth in the global pelargonic acid market over the forecast period. This growth can be attributed to increasing consumption from industries such as home care, agrochemicals, and pharmaceuticals, especially in emerging nations like China, India, Indonesia and Vietnam. Rising disposable incomes, growing middle class population, and expansion of end-use industries in these countries are driving the pelargonic acid demand. Besides, lower manufacturing costs and lenient environmental regulations attract manufacturers to set up production units in the Asia Pacific region, thereby augmenting the regional market. Countries like India and China are expected to witness fastest pelargonic acid market growth during the forecast years.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
What Are The Key Data Covered In This United Kingdom Pelargonic Acid Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United Kingdom Pelargonic Acid's growth between 2024 and 2031.
:- Accurate calculation of the size of the United Kingdom Pelargonic Acid and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United Kingdom Pelargonic Acid Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of United Kingdom Pelargonic Acid vendors
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it