by The United Kingdom pelargonic acid market has been gaining significant traction over the past few years owing to the growing demand for personal care products. Pelargonic acid, also known as nonanoic acid, is a saturated fatty acid that occurs naturally in various plant and animal fats. It finds wide application in the production of perfumes, creams, soaps, shampoos, and other personal care items due to its antimicrobial properties. The compound helps preserve manufactured personal care goods by inhibiting microbial growth and preventing spoilage.
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 of 2024-2031.
Wide acceptance of organic and natural personal care goods and expansion of e-commerce retail platforms are fueling sales of pelargonic acid-based cosmetic products in the UK. Moreover, shifting consumer preference towards natural and sustainable ingredients is propelling the demand from cosmetics manufacturers.
Key Takeaways
– Key players operating in the United Kingdom Pelargonic Acid Market are Central Drug House, Croda International Plc, Emery Oleochemicals UK Limited, and Glentham Life Sciences Limited, OQ Chemicals GmbH.
– Growing health awareness and demand for multi-benefit personal care offerings represent major growth opportunities in the UK market. Manufacturers are innovating with product formulations to provide additional features like antifungal and anti-acne properties.
– Favorable regulations, emergence of online retail channels, and rising exports have made the UK an important global market for pelargonic acid producers. Key players are focusing their expansion strategies on Asia Pacific and Middle Eastern countries to tap the high growth potential.
Market Drivers
– Increasing spending on premium beauty and skin care products incorporated with natural ingredients is a key factor supplementing the demand for pelargonic acid.Its antimicrobial qualities allow preservation of organic formulations.
– Rising adoption of organic and sustainable personal care goods attributable to health and environment concerns among consumers provides impetus to the pelargonic acid market. Manufacturers prefer it as a replacement for synthetic preservatives.
PEST Analysis
Political: The UK government policies regarding regulations for use of organic acids will impact the demand in this market. Any changes in import duties will also affect the supply and prices.
Economic: Continuous GDP growth in the UK is supporting the spending power of consumers. Also, demand from personal care and other industries is augmenting the economic factors positively.
Social: Increasing awareness about use of natural ingredients is driving the adoption of pelargonic acid in personal care and homecare products. Customers prefer organic, eco-friendly products.
Technological: New extraction technologies are helping lower the production costs. Research on new applications in agrochemicals and other domains can further widen the end use scope of this organic acid.
Geographical Regions Of Concentration
Being the largest European market, the UK accounts for over 30% of the total pelargonic acid demand in value terms across Europe. The domestic demand from personal care, homecare, agrochemical industries makes UK the primary regional market.
Fastest Growing Region
Europe is expected to witness fastest growth during the forecast period due to rising consumption from countries like Germany, France, Italy and Spain. Expanding personal care industry and growing organic trend are driving the pelargonic acid adoption rapidly across other major European nations.
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
FAQ’s
Q.1 What are the main factors influencing the United Kingdom Pelargonic Acid?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top United Kingdom Pelargonic Acid companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United Kingdom Pelargonic Acid’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
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. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
