The ‘Global Gluconic Acid Market Report,’ published by Reports and Data, offers a panoramic vision of the global Gluconic Acid market. The report presents accurate details on market size and revenue growth rate over the forecast period. It expounds on the current industry scenario and offers a detailed assessment of the latest and emerging market trends. The report contains key industry statistics presented in a tabular format to give readers an exclusive picture of the global Gluconic Acid market.
The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Gluconic Acid industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting the market growth include drivers, restraints, opportunities, supply & demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Gluconic Acid market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Gluconic Acid market’s intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth. According to the report, the global Gluconic Acid market is projected to reach a whopping market size of USD 1.8 billion in 2028 from USD 1.2 Billion in 2020, registering a robust 5.2% CAGR.
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Top Companies Profiled in the Report:
PMP Fermentation Products, Shandong Xinhong Pharmaceutical Industry Limited Company, Xingzhou Medicine Food, Kaison Biochemical, Roquette, Shandong Fuyang Biotechnology, Ferro Chem Industries, Tianyi Food Additives, Shandong Xiwang Sugar Industry Co., Jungbunzlauer, Ruibang Laboratories, and Gress Chemicals.
Gluconic Acid Industry Overview
The global materials & chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty & personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food & beverage industries, buildings & construction, automotive, packaging, and manufacturing industries. Other major factors driving the growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
Type Outlook
Glu Gluconic Acid
Glucono Delta Lactone
Sodium Salt of Gluconic Acid
Calcium Salt of Gluconic Acid
Others
Application Outlook
Food & Beverage
Pharmaceuticals
Chemicals
Agriculture
Others
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Global Gluconic Acid Market Segmentation: Regional Outlook
North America
U.S.
Canada
Latin America
Brazil
Argentina
Peru
Mexico
Asia Pacific
India
China
Japan
Australia
Rest of Asia Pacific
Europe
U.K.
Germany
France
Italy
Spain
Middle East & Africa
Saudi Arabia
South Africa
U.A.E
Rest of Middle East & Africa
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Some Key Highlights from the Report:
Based on type, the calcium salt gluconic acid segment is expected to dominate other segments over the forecast period in terms of revenue growth rate. Key factors driving the growth of this segment include increasing usage of calcium salts of gluconic acid in intravenous medications for the treatment of calcium deficiency conditions including hypocalcemia and hypocalcemic tetany.
Among the application segments, the food & beverage segment accounted for the highest revenue share in the global gluconic acid market in 2020. The segment is projected to register a steady revenue growth rate during the forecast period, owing to factors such as the increasing use of gluconic acid derivatives such as sodium gluconate in a variety of food and beverage products. Gluconic acid is widely used in food items as pickling, curing, leavening, flavoring, and pH control agent.
Among the regional markets, the Asia Pacific gluconic acid market is expected to display the highest revenue growth rate over the forecast period due to several favorable factors. An increasing number of gluconic acid manufacturing facilities in the region, escalating demand for gluconic acid and its derivatives in the food & beverage, personal care & cosmetics, and pharmaceutical industries, and stringent government regulations regarding product safety norms, particularly in countries including India, Japan, and China, are the major factors driving the Asia Pacific market growth.
The gluconic acid market in Europe is expected to register a significantly robust CAGR during the forecast period. Stringent regulations regarding the use of chemicals in food & beverage and personal care products and rising demand for bio-based acids in personal care products for reduced environmental impact and enhanced product quality are the major factors boosting the market growth in the region.
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