Coumarin Market Share

North American Market Forecast

Coumarin market in North America is predicted to account for the largest share of 30% by 2036 propelled by the rising spending in skincare and makeup products. It is expected that the entry of younger consumers into the market, consumers' evolving lifestyles, the rising incidence of skin conditions, and the growing desire for organic and chemical-free products have fueled the demand for skincare products in the region which may create a huge demand for coumarin in the coming years. Moreover, coumarin derivatives are used for the preparation of drugs for treating skin diseases, and these derivatives are also used to formulate skin care products and suntan products. For instance, more than USD 89 billion is spent on beauty items by US consumers each year.

European Market Statistics

The Europe Coumarin market is estimated to be the second largest, during the forecast timeframe led by the presence of a well-established healthcare industry. In Germany, the health sector is among the most significant business sectors which is leading in Europe in terms of market size, patient population, medical technology producers, and healthcare providers. This may result in higher demand for coumarin as it is used in several pharmaceuticals.