According to Cognitive Market Research, the global Gallic Acid Market size was USD 50458.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 20183.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 15137.58 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 11605.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2522.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1009.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
The Pharmaceutical Grade segment held the highest Gallic Acid Market revenue share.
