The global pharmaceutical grade fulvic acid market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The market growth for pharmaceutical grade fulvic acid is majorly attributable to the broad applications of pharmaceutical grade fulvic acid in treating various health conditions. Adding to this, the product is widely used in cosmetic therapies by primarily acting as a potent sunscreen agent. Pharmaceutical grade fulvic acid acts as an anti-inflammatory agent, eliminate burn scars, disinfect, and stop bleeding, relieves chronic pain, treat common skin diseases, promote wound healing, and promote ulcer cell healing. However, pharmaceutical grade fulvic acid widely finds its application in the treatment of atopic dermatitis or commonly known as eczema.
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As per the data published by the National Institute of Allergy and Infectious Diseases in September 2020, Eczema, or atopic dermatitis affects an estimated 30% of the US population, mostly children and adolescents. Thus, the prevalence of eczema coupled with the growing adoption of fulvic acid in its treatment is anticipated to augment the global pharmaceutical grade fulvic acid market. Adding to this, the fulvic acid is largely used in cosmetic as well as dermatological sunscreen creams and lotions. Thus, the growing recommendation of the use of sunscreen, particularly in tropical and subtropical climate countries to avoid the damage to the skin through UV rays of the sun, is further anticipated to provide a major boost to the global pharmaceutical grade fulvic acid market.
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Market Coverage
- Segment Covered-
o By Product
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Valagro SpA, Pure Fulvic Minerals, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pharmaceutical Grade Fulvic Acid Market Report by Segment
By Product
- High Purity Pharmaceutical Grade Fulvic Acid
- Low Purity Pharmaceutical Grade Fulvic Acid
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