Press release
Cholic Acid Market Competition Situation, Outlook, Size, Trends, Manufacturers Analysis Report By 2029
Cholic acid is a crystalline white bile compound that is the most crucial acid created by synthesizing cholesterol in the liver. The consumption of cholic acid helps regulate the production of bile acids and helps digest fats and other nutrients in the body. The acid is used to cure patients suffering from several bile diseases, such as single enzyme defects, peroxisomal disorders, Zellweger syndrome, and others.
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Impact of COVID-19
The demand for cholic acid is expected to surge to curb gall stones in patients. Manufacturing of the acid is likely to be in full swing despite the COVID-19 pandemic as the medicinal industry is expected to function normally amid the current crisis. There is a severe demand for medicines these tough times as there is a massive shortage of critical medication for non-coronavirus patients worldwide. Therefore, the cholic acid market growth is expected to surge during the current pandemic.
Segments
Based on method, the market is segmented into folding crystallization method, folding ethyl acetate separation method, folding animal extraction method, and others. It is segregated into organic acid, emulsifiers, detergents, medicines, and others based on application. Geographically, it is distributed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights of the Report
The report thoroughly analyzes the drivers and restraints of the market and studies the impact of COVID-19 on the market. It examines the qualitative and quantitative aspects of the market and studies the emerging trends. Further, it comprehensively discusses the regional factors and strategies by the key players of the market.
Drivers and Restraints
Increasing Prevalence of Kidney Diseases to Elevate Market Prospects
Various diseases such as obesity, genetic disorder, and other conditions are responsible for causing kidney diseases. More importantly, their prevalence is rising worldwide. For instance, according to the National Kidney Foundation, 10% of the global population is affected by chronic kidney disease and around 1 million people die from kidney diseases due to inaccessibility to medical care. Furthermore, the elderly population is prone to suffer from kidney stones, cholesterol, bile diseases, and others. Therefore, due to the rising cases of people suffering from several bile diseases, the demand for cholic acid is expected to increase in the foreseeable years. Additionally, there is massive investment in research & development for producing effective medicines and treatment methods, thereby driving the market's growth.
However, the major restraining factor for the market is that if the dosage of cholic acid is exceeded, it causes jaundice and acute liver injury.
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Regional Insights
Europe to Lead the Market Growth Attributable to Rapidly Increasing Production Activities
Europe is projected to dominate the cholic acid market share owing to the rise in production activities of diverse chemicals and compounds. The region possesses a humongous amount of chemical manufacturers that shall bolster the market growth.
The rising research and development activities in medicines and the pharmaceutical sector in North America are expected to attract rapid growth to the market. On the other hand, the Asia Pacific market will grow exponentially because of the escalation in the demand for cholic acid due to the rising incidence of kidney failures and kidney stones.
Competitive Landscape
Acquisition of Companies to Bolster Key Players' Market Position
Leading players in this market are acquiring companies to gain a substantial market position in the region and gain a significant market share. For example, Archer Capitals acquired New Zealand Pharmaceuticals in July 2016 to strengthen its market position and gain presence in New Zealand. In addition, competitors are examining the latest market trends to plan activities that will attract consumers and spike their brand image. Further, the companies are also utilizing the latest production technologies and equipment for making better quality products.
List of Key Players Mentioned in the Cholic Acid Market Report
Falk Pharma
Bruschettini
Zhongshan Belling Biotechnology
Shandong Green Bio-Pharmaceutica
Beijing Yunbang Biosiciences
Anhui Chem-Bright Bioengeneering
DaxingAnLing Snow Lotus Herb Bio-Technology
Industria Chimica Emiliana
Istituto Biologico Chemioterapico
Fujimoto Chemicals
Dipharma Francis SRL
Archer Capital
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Scope of the Report:
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