Bio-lubricants Market End-use Industry, By Others
| Label | USD Thousands |
|---|---|
| 2018 | 3.200334730443418 USD Thousands |
| 2019 | 2.82439794901928 USD Thousands |
| 2020 | 2.8953414178370283 USD Thousands |
| 2021 | 2.928698864988268 USD Thousands |
| 2022 | 2.961124934461825 USD Thousands |
| 2023 | 2.9980754018094213 USD Thousands |
| 2024 | 3.0340336434830504 USD Thousands |
| 2025 | 3.068894585661845 USD Thousands |
| 2026 | 3.102547509112963 USD Thousands |
| 2027 | 3.134875803157605 USD Thousands |
| 2028 | 3.2105479693571106 USD Thousands |
| 2029 | 3.287896292121313 USD Thousands |
| 2030 | 3.366952393455839 USD Thousands |
| 2031 | 3.447748277155631 USD Thousands |
| 2032 | 3.530316323786778 USD Thousands |
Data Source: Wantstats Repository
Market Dynamics
or figures North America apigenin market has been witnessing growth on the back of increasing usage in various applications. The ingredient is used for treating inflammation, depression, diabetes, chronic stress, obesity, cancer and cardiovascular diseases. It also has antioxidant properties and acts as a regulator of calcium and other important compounds contained in cells, making it a potential candidate for treating age-related cognitive decline and neurological disorders. The demand for apigenin in North America is driven by the rising popularity of dietary supplements containing this compound. In the United States, the FDA (Food and Drug Administration) has declared apigenin as a generally recognized as safe. This allows for free and easy use of apigenin in food, beverages and dietary supplements, as the ingredient is not subjected to any stringent regulation. Apigenin has the potential to be used as a drug molecule in North America. Research studies have shown the ingredient to have significant anti-tumor and anti-cancer properties, in addition to its anti-inflammatory and antioxidant benefits. With the rise in incidence of cancer and other chronic diseases such as obesity, the demand for the apigenin is set to witness a rise in North America.
Furthermore, apigenin has a low toxicity profile, adding to its appeal as potential therapeutic. Environmental friendliness of apigenin has also been recognized by the regulatory bodies, as it can be efficiently produced through green chemistry. Such friendliness is likely to give a boost to the North America apigenin market in the near future. Increasing awareness about the potential benefits of the ingredient is expected to add impetus to the market growth. The North America apigenin market outlook is positive and marked with opportunities since more and more applications of the ingredient are being discovered. With the government agencies increasingly recognizing the role of nutrition and dietary supplements in maintaining health, the demand for apigenin is primed to grow in the region.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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