The coumarin market was valued at USD 375.6 million globally in 2022, and over the course of the forecast period, a CAGR of 6.9% is anticipated. Thromboembolic events are avoided by coumarin medications. These medications are only offered in limited quantities on the market since they also raise the risk of bleeding. The source of coumarin is natural resources. The use of coumarin as thickening, gelling, and stabilizing agents is becoming more and more popular in a variety of culinary products, such as dairy meat, confections, and plant-based goods. The market is expanding dramatically due to the growing usage of caumarin in the cosmetics and pharmaceutical industries.

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Impact of Covid-19
The market for coumarin benefited from COVID-19 since it raised demand for pharmaceuticals. The market experienced a slowdown as a result of supply chain disruption, shifting raw material availability, logistical difficulties, strict lockdown, and physical distance; but, later on, as COVID norms relaxed, things started to return to normal. The market had to suffer during the pandemic due to the lack of labor, but eventually things began to return to normal and the market saw notable growth. The market was balanced by rising demand in the food, pharmaceutical, and cosmetic industries.
Growth Drivers
Innovation of advanced personal care products boosted the growth
The market is expanding due to people's growing preference for personal care. The market is expanding due to rising demand for body lotions, gels, and deodorants. Another factor propelling the market's expansion is the rising demand for skincare products. Numerous food products also include coumarin medicines. People are more aware of the importance of personal care, skincare, and haircare.
Various Chemical benefits is driving the growth of the market
Natural bioactive compounds with anti-inflammatory, antioxidant, antifungal, and antiviral qualities are called coumarins. In the treatment of skin, it is commonly utilized. Additionally, it works well for long-term conditions including psoriasis and asthma. These properties are mostly responsible for the market's growth.
Segmentation
Product Types
· Synthetic Coumarin
· Natural Coumarin
Applications
· Fragrance
· Pharmaceuticals
· Food, and Beverages
· Cosmetics
· Agriculture
Regional Outlook
· Asia Pacific
· Europe
· North America
· Latin America
· Middle East and Africa
Key Players
· Atlas Fine Chemicals
· Omkar Specialty Chemicals
· N.S. Chemicals
· China Tushu
· Norbright Industry China
· Botai Fine Chemical
· Yingyang flavors and Fragrance
· Saichuang Technology
· Zhangjiagang Feihang Industry limited
· Other Players

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