Market Research Future (Food and Beverages) Sialic Acid Market Research Report | Page 3

Sialic Acid Market Research Report - Forecast to 2024
2 Market Overview
The solid segment dominated the global sialic acid market, by form, and is projected to reach USD 14,602.4 thousand
by 2024. The segment is also projected to be the fastest growing during the forecast period.
North America dominated the market, accounting for the largest share of the market in 2017, and the regional market
is expected to register a CAGR of 12.11% during the review period. The Asia-Pacific market is expected to be the
fastest-growing at the highest CAGR of 12.64% during the forecast period. In Europe, the market is projected to
reach USD 5,257.4 thousand by the end of 2024.
Regional Analysis:
Geographically, the global sialic acid market has been segmented into North America, Europe, Asia-Pacific, and the
rest of the world. As per MRFR analysis, North America was the largest market for sialic acid in 2017 and is expected
to remain dominant during the review period. Asia-Pacific is expected to account for the highest growth rate during
the forecast period. The growing markets for infant milk formula and dietary supplements are expected to propel the
growth of the sialic acid market in the region. The US accounted for the largest share of 76.75% of the North American
market in 2017 and the country-level market is projected to register a CAGR of 12.06% during the forecast period.
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