Pro
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | USD Thousands |
|---|---|
| 2018 | 4.190765374519202 USD Thousands |
| 2019 | 4.30711634598088 USD Thousands |
| 2020 | 4.426433132720003 USD Thousands |
| 2021 | 4.5487799535981654 USD Thousands |
| 2022 | 4.6742218696016495 USD Thousands |
| 2023 | 4.811724589802476 USD Thousands |
| 2024 | 4.952960488208596 USD Thousands |
| 2025 | 5.098016761567717 USD Thousands |
| 2026 | 5.246981929786391 USD Thousands |
| 2027 | 5.399945813766835 USD Thousands |
| 2028 | 5.593907239650052 USD Thousands |
| 2029 | 5.794700013896804 USD Thousands |
| 2030 | 6.0025594544461205 USD Thousands |
| 2031 | 6.217728768337027 USD Thousands |
| 2032 | 6.440454267870225 USD Thousands |
Data Source: Wantstats Repository
Market Dynamics
South Korea’s apigenin market is expected to experience rising demand as the country forges ahead with government initiatives to develop food safety standards and the agricultural sector. The market is also receiving a boost from the increased use of apigenin as a health supplement and its growing popularity as an ingredient in cosmetics. The booming cosmetics industry in South Korea is driving an increase in demand as well. With Korean beauty brands increasing in popularity around the world, many manufacturers are looking to apigenin as an ingredient due to its known health benefits. In particular, the vitamin-rich apigenin can be beneficial for skin care, nail treatments and eye creams. Apigenin may also be added to cosmetics to give them a slight hue or natural tint. Although South Korea first entered the market in 2006, it has now emerged as a major player due to the recent surge in demand. Its commitment to health and safety standards has resulted in many companies opting to source apigenin from the country as it offers a more reliable form of the product. Research into the use of apigenin is helping the country to tap into an ever expanding global market.
Studies have shown that apigenin can help to combat Alzheimer’s, and can be used to successfully treat a variety of other health issues. As more and more people become aware of its health benefits, demand for the product is likely to continue to grow. The growth of the agricultural sector in South Korea is also being beneficial for the apigenin market. With increased farming efforts comes the availability of more apigenin, which can help to meet the rising demand for the product. In the next decade, South Korea’s apigenin market is likely to continue to expand. As an increasingly popular health supplement and cosmetics ingredient, it will likely be in demand in all major international markets. Further research into the product may reveal more of its potential uses and expand demand even beyond what is already predicted.
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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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.