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Cholic acid Market 2021 includes Statistical Forecasts, Competitive Landscape, Key Trend, and Strategic Recommendations by 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Cholic acid Market  for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.  

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cholic acid Market  products. 

The Global Cholic Acid Market is expected to register a CAGR of 7.90% to reach USD 92,412.51 Thousand till 2024. Cholic acid is a primary bile acid synthesized by the liver from cholesterol. The role of bile acids is to emulsify (breakdown into small particles) fats and thus promote the process of digestion. Cholic acid is primarily used as an intermediate for the production of ursodeoxycholic acid (UDCA), which is an active pharmaceutical ingredient (API) used for various indications like the dissolution of gall stones and treating and preventing liver diseases.The high prevalence of gallbladder cancer, high prevalence of obesity, and increasing geriatric population are expected to enhance the market growth. However, stringent regulatory policies are projected to curb the growth of the market.

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Market Dynamics

Cholic acid has been gaining significance in recent years owing to the high prevalence of gallbladder cancer. According to the American Cancer Society, gallstones are one of the major factors contributing to gallbladder cancer. The cases of gallbladder cancer diagnosed are increasing globally. For instance, according to a study by the World Cancer Research Fund (WCRF) International, around 2,20,000 new cases of gallbladder cancer were diagnosed globally in the year 2018. This increase in the cases of gallbladder cancer reflects the probable increase in the increased prevalence of one of its factors, bile stones. Thus, the growing prevalence of gallbladder cancer globally has led to an increased usage of cholic acid, which thereby provides a favorable scenario for the market to grow during the forecast period.

Key Players

The prominent players in the global cholic acid market are Alchem International Ltd (US), Daewoong Bio, Inc. (South Korea), Dipharma Francis SRL (Italy), Erregierre SpA (Italy), Fujimoto Chemicals (Japan), Industria Chimica Emiliana SRL (Italy), Istituto Biologico Chemioterapico SpA (Italy), Kinsy SL (Spain), New Zealand Pharmaceuticals Limited (New Zealand), Panjin Hengchanglong Pharmaceutical (China), PharmaZell GmbH (Germany), Retrophin, Inc. (US), Showa Denko KK (Japan), Suzhou Tianlu Biopharmaceuticals Co. Ltd (China), and Zhejiang Yongning Pharmaceutical (Zhejiang).

Regional Analysis

The global cholic acid market, based on region, is divided into Europe, Asia-Pacific, Americas, and Middle East & Africa.Europe is expected to hold the largest share, with 39.5% of the global cholic acid market. This is due to the presence of major manufacturers like Industria Chimica Emiliana (ICE), Istituto Biologico Chemioterapico SpA, Prodotti Chimici Alimentari (PCA) SpA; and high production of cholic acid.

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Asia-Pacific consists of China, Japan, South Korea, India, and others. Owing to a high number of obese individuals, which is one of the risk factors for gallstones, the Asia-Pacific accounts for the second-largest market share in the global cholic acid market and is expected to rise during the forecast period.

The Americas is expected to grow at the fastest growth rate, with 8.47% CAGR during the forecast period. The Americas consist of two main regions—North America and Latin America. The North America market is further bifurcated into the US and Canada. Increase in the prevalence of gall bladder cancer in the region, which reflects the increase in gallstones, is expected to boost the growth of the Americas cholic acid market during the forecast period

Middle East & Africa accounts for the least market share in the global cholic acid market and due to the increase in the geriatric population, is expected to show steady growth during the forecast period.The key strategy followed by players operating in the global cholic acid market is mergers & acquisitions.In April 2018, Dipharma Francis SRL acquired Kalexsyn Inc., a contract research organization (CRO) that offers chemistry services to the biotechnology and pharmaceutical industries

In July 2016, Archer Capital acquired New Zealand Pharmaceuticals Limited, which enabled the enhancement of the company’s market share in the global cholic acid market.In April 2016, PharmaZell GmbH acquired a majority stake in a new JV created from the bile business of Fayman International (Australia) to expand its geographic presence in this region.

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Market Segmentation

Global Cholic acid Market, by Region

Europe

Western Europe

Italy

Germany

France

UK

Spain

Rest of Western Europe

Eastern Europe

Asia-Pacific

China

Japan

India

Australia

South Korea

Rest of Asia-Pacific

Americas

North America

US

Canada

Latin America

Middle East & Africa

Middle East

Africa

Available Additional Customizations

Company Profiles of Other Key Players

Cholic Acid Market, Industry Trends

Intended Audience

Pharmaceutical companies

Contract research manufacturing organizations

Research & development organizations

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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