North America Palmitoylethanolamide Market Size By Type (Purity>98%, and Purity>99%), By Regional Analysis And Forecast (Copy)
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
North America Palmitoylethanolamide Market Size By Type (Purity>98%, and Purity>99%), By Regional Analysis And Forecast (Copy)
North America Palmitoylethanolamide Market Size And Forecast
According to Market Research, the North America Palmitoylethanolamide Market Size was valued at USD 61.95 Million in 2019 and is projected to reach USD 87.40 Million by 2027, at a long-term CAGR of 3.96% from 2020 to 2027.
The North America Palmitoylethanolamide Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Palmitoylethanolamide?
So, palmitoylethanolamide (PEA) is one of those interesting endocannabinoids – think of it as a cousin to what's in cannabis, but it's actually a fatty acid amide. It's not some weird lab creation; you can find it in everyday foods like peanuts and egg yolks, and hey, your own body makes it too! Some people use it as a medicine for things like pain, fibromyalgia, neuropathic pain, multiple sclerosis (MS), carpal tunnel syndrome, and even airway infections. However, a big "but" here there's not a whole lot of rock-solid scientific proof that it actually works for these things. The idea is that PEA is a chemical that can hook up with cells in your body and potentially dial down pain and swelling. It's made and broken down in animal cells using enzymes, and it seems to play a bunch of roles in keeping your body's metabolism on an even keel.
North America Palmitoylethanolamide Market Overview
Over the past couple of decades, various factors are driving the growth of the North America Palmitoylethanolamide Market, such as the growing nutraceutical industry, and rising cases of chronic pain-related diseases and depression. This has ultimately escalated the demand for Palmitoylethanolamide. In addition to this, the growth of serious diseases such as multiple sclerosis (MS), fibromyalgia, neurological disorder, and carpal tunnel syndrome will create substantial opportunities for Palmitoylethanolamide over the forecasted period. However, stringent regulatory scenarios and health concerns raised by the side effects of these chemicals on a human being might hinder the Palmitoylethanolamide market growth.
North America Palmitoylethanolamide MarketSegmentation Analysis
The North America Palmitoylethanolamide Market is segmented on the basis of Type, and Geography.
North America Palmitoylethanolamide Market by Type
The market for Palmitoylethanolamide (PEA) is generally split based on puritywe've got Purity>98%, and Purity>99%. Back in 2019, the Purity>98% version grabbed the biggest slice of the market. Now, when we talk about PEA that's more than 99% pure, it's often called ultra-micronized PEA, and it's super popular. You can find it in diets and supplements all over North America and Europe. Companies like Shaanxi Pioneer Biotech Co., Ltd (and others!) are really good at making this 99% pure ultra-micronized PEA. Interestingly, when they test it, the purity sometimes comes back as over 100% because of how accurate the tests are! Then you've got Palmitoylethanolamide that's less than 98% pure. This is usually called micronized PEA and it’s often a patented pharmaceutical compound made using a special "jet micronization" process.
North America Palmitoylethanolamide Market by Geography
On the basis of regional analysis, the North America Palmitoylethanolamide Market is classified into United States, Canada, and Mexico. Out of which, the United States is expected to hold the largest market share of the Palmitoylethanolamide market over the forecast period followed by Canada and Mexico. In addition to this, Mexico and Canada are some of the developing regions with comparatively more scope of research and developments regarding diagnostics and healthcare. This will further lead to an upsurge in demand for Palmitoylethanolamide across the respective region.
Key Players in North America Palmitoylethanolamide Market
The major key players in the market at Cayman Chemical, Pea CURE, TCI Chemicals, Millipore Sigma (Merck KGaA), and others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments By Major Players in the Market
Company Name
Key Development
Description
peaCURE
New Development
peaCURE has developed a liposomal palmitoylethanolamide-based product.
This advancement in the production of PEA-based products has focused on improving purity, bioavailability, efficacy, and fostering and perpetuating further research on PEA.
Innexus
New Launch
Innexus Nutraceuticals announced the worldwide launch of OptiPEA.
OptiPEA is the EU GMP grade palmitoylethanolamide.
Market Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2016-2027
BASE YEAR
2019
FORECAST PERIOD
2020-2027
HISTORICAL PERIOD
2016-2018
KEY COMPANIES PROFILED
The major companies include; Cayman Chemical, Pea CURE, TCI Chemicals, Millipore Sigma (Merck KGaA), and others.
SEGMENTS COVERED
The North America Palmitoylethanolamide Market is segmented on the basis of Type, and Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Top Trending Reports
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly
Reasons to Purchase this Report
We'll dive deep, looking at the market from every angle – not just the money side, but also the human side. Think segmentation that considers both economic and non-economic factors. You'll get hard numbers – market values in USD Billion – broken down for each segment and sub-segment. We'll point out which areas and segments are poised for explosive growth, and which ones are already king of the hill. Get a regional breakdown, understanding how the product/service is consumed and what's influencing the market in each place. Plus, a competitive overview – see how the big players rank, what new stuff they're launching, who's partnering with whom, and who's buying who. We'll give you detailed company profiles with overviews, insights, benchmarking, and those crucial SWOT analyses. You'll get our take on where the market's at now and where it's heading, considering recent happenings (growth opps, drivers, challenges, and restraints) in both new and mature markets. We'll even analyze the market through the lens of Porter's five forces and give you a look at the whole Value Chain. Expect a breakdown of market dynamics, future growth possibilities, and, to top it off, 6 months of analyst support after the sale.
Customization of the Report
In case of any please connect with our sales team, who will ensure that your requirements are met.
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
