The global demand for Gluconic Acid Market is presumed to reach the valuation of nearly USD XX Mn by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020- 2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2020-2026.
Gluconic acid is non-toxic, non-corrosive, mild organic acid and soluble in water. It is derived from glucose by a method oxidation reaction. Gluconic acid is majorly used as a component of leavening agent in baked goods. It is majorly used in the food stuff such as meat, wine, dairy products and others. Gluconic acid has other derivatives like potassium gluconate, sodium gluconate and calcium gluconate. Applications of derivatives include reducing fat absorption in cones and doughnuts and is also used as a flavoring agent in frozen desert.
Strong demand outlook for gluconic acid in household detergents, industrial cleaners, personal care products and agricultural chemical industries will increase product demand. The key driver to the growth of the gluconic acid market is its application in the food industry as a food and beverage additives and pharmaceutical industry and increase in demand for biodegradable acid.
Gluconic acid performs as an antimicrobial property of sodium gluconate which is widely used in textile dyeing, metal surface water treatment and printing which is a potential driver for the growth of the gluconic acid market. Another derivative calcium gluconate have wide application in pharmaceutical industry which is also a potential factor for growth of the gluconic acid market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Gluconic Acid.
The entire Gluconic Acid market has been sub-categorized into component and end-user industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End-User Industry:
- Glucono delta-lactone
- Gluconic acid
- Calcium salt of gluconic acid
- Sodium salt of gluconic acid
- Iron slat of gluconic acid
- Food and Beverage
This section covers regional segmentation which accentuates on current and future demand for Gluconic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Gluconic Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Gluconic Acid market include Kaison Biochemical, Ruibang Laboratories, Xinhong Pharmaceutical, Gress Chemicals, Ferro chem Industries, Tianyi Food Addictives, Roquette, Xiwang Sugar, Jungbunzlauer, Shandong Fuyang biotechnology, Xingzhou Medicine Food. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.