Gluconolactone Market Report Expects the Market Value of USD 159 BN BY 2026
Posted On July 03, 2020
The Global Gluconolactone Market is anticipated to grow at a compound annual growth rate CAGR of 7.5% during 2020-2026 while it was close to USD 95.8 BN in 2019. The market will outgrow to USD 159 BN by 2026 as per the research conducted by Value Market Research. The growing pharmaceutical and cosmetics industry is uplifting the global gluconolactone market. With the increasing trend for natural personal and skin care products, the demand for naturally derived gluconolactone is increasing rapidly. The other factors supporting the market include growing gluconolactone applications in food and beverages and agricultural products and increasing R & D to develop an innovative range of products using gluconolactone. During the COVID-19 pandemic, the global gluconolactone market is likely to show steady growth; however, due to supply chain and production disruptions during the pandemic, the market may experience certain hindrances.
A multifunctional food additive Glucono delta-lactone (GDL) or gluconolactone can be naturally obtained from corn fermentation or by microbial fermentation. The odourless white crystalline gluconolactone can be used as an acidifier, coagulant, curing, pickling, and leavening agent, and colour preservative, expander, and seasoning agent. Gluconolactone offers a wide range of functional applications in various sectors, including cosmetics, food and beverages, health & pharmaceutical, agriculture, poultry and animal feed, and personal care. It is widely used in feta cheese and tofu manufacturing as an enzyme substitute. Besides, it is used in the processing of bakery products, yeast powder, fish & shrimps, meat products, and juice beverages.
The report "Global Gluconolactone Market Report By Product Type (Synthetic, Non-Synthetic), By End User (Dietary Supplements, Pharmaceutical, Cosmetics, Energy Drinks, Food (tofu, meat product etc.) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The geo-economical factors and historic gluconolactone industry trends are analysed to foresee and predict the forecasts for next six years.
On the basis of product type the gluconolactone market is divided into synthetic, non-synthetic. By end user the market is divided into dietary supplements, pharmaceutical, cosmetics, energy drinks, food (tofu, meat product etc.).
By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Gluconolactone is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Gluconolactone Market -
By Product Type
By End User
- Dietary Supplements
- Energy Drinks
- Food (tofu, meat product etc.)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Hubei Yitai Pharmaceutical Co.Ltd., Shaoxing Marina Biotechnology Co.Ltd., Merck Millipore Corporation, Foodchem International Corporation, Anhui Fubore Pharmaceutical & Chemical Co. Ltd., Jungbunzlauer, Roquette Frères, Shandong Fuyuan Bio-Tech CO.LTD., Shandong Xinhong Pharmaceutical Co., Ltd., Shandong Baisheng Biotechnology Co., Ltd., Red Bull GmbH, Rockstar, Inc., Monster Energy, Others.
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