Global Ursodeoxycholic Acid Revenue Is Nearly 530 M USD and Actual Production Is About 1400 MT In 2017
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In the last several years, global market of Ursodeoxycholic Acid developed steadily, with an average growth rate of 10.5%. In 2017, global revenue of Ursodeoxycholic Acid is nearly 530 M USD; the actual production is about 1400 MT.
Ursodeoxycholic Acid used to treat liver disease. Ursodeoxycholic Acid has positive effects on treatment of liver disease. The classification of Ursodeoxycholic Acid includes Synthetic Ursodeoxycholic Acid and Extraction Ursodeoxycholic Acid. The proportion of Synthetic Ursodeoxycholic Acid in 2017 is about 73.4%, and the proportion of Extraction Ursodeoxycholic Acid in 2017 is about 26.57%.
Ursodeoxycholic Acid is application in Pharmacy and Health Products. The most of Ursodeoxycholic Acid is used in Health Products, and the market share in 2017 is about 69.2%.
Asia-Pacific is the largest consumption place, with a consumption market share nearly 47% in 2017. Following Asia-Pacific, Europe is the second largest consumption place with the consumption market share of 26.6% in 2017.
In China, about major production is for export. Asia is the main consumption regions. Japan and South Korea are the major consumer countries.
Market competition is intense. With the development of society and the changing of consumer demand, the Ursodeoxycholic Acid industry will be more and more popular in the future.