Gluconic Acid Market Size Expected To Reach $ 1.8 Billion In 2028 With A CAGR Of 5.2%
Growing demand for gluconic acid in various industries including food and beverage, personal care, and agriculture industries is expected to drive the market growth.
NEW YORK CITY, NY, UNITED STATES, August 24, 2021 /EINPresswire.com/ – The latest industry analysis report released by Reports and Data provides vital data and information pertaining to the global Gluconic Acid industry and accurately assesses the expected market size and revenue growth rate. The study specializes in in-depth analysis of key market dynamics, including drivers, restraints, opportunities, supply and demand ratios, upcoming market trends, technological innovations, and chain analysis. valuable. The report offers many Gluconic Acid Market projections based on historical and current market data. In addition, it presents quantitative and qualitative market information derived from research studies and market research.
According to the latest report from Reports and Data, the global gluconic acid market size is expected to reach USD 1.8 billion in 2028 and register a revenue CAGR of 5.2% during the forecast period. Among the key drivers of market revenue growth are the growing applications of gluconic acid in the food and beverage, personal care, pharmaceutical, and agriculture industries. Gluconic Acid is a non-toxic, non-corrosive organic acid with high water solubility and a mild, refreshing taste. It has higher pH levels than other commonly used chelators. Gluconic acid is produced chemically by the oxidation of glucose, however, the substance is also naturally present in honey, wine and various fruits. In the food industry, gluconic acid is used in a wide range of meat and dairy products as a food additive and flavoring agent. It is widely used in baked goods such as cakes and donuts as a leavening agent. The growing use of acid in personal care products, including skin cleansers, mouthwashes and shampoos, is another key driver for the growth of the global market. Gluconic acid promotes the exfoliation of dead cells and helps cell renewal, and it offers antioxidant and restorative abilities. Other important applications of gluconic acid include printing, textile dyeing, metal surface water treatment, household cleaning products and many more.
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The major players in the global gluconic acid market are:
Fermentation Products PMP, 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.
Some highlights of the report:
Based on the type, Gluconic Acid Calcium Salt segment is expected to dominate other segments during the forecast period in terms of revenue growth rate. The main factors driving the growth of this segment include the increasing use of the calcium salts of gluconic acid in intravenous drugs for the treatment of calcium deficiency conditions including hypocalcemia and hypocalcemic tetany.
Among the application segments, the food and beverage segment accounted for the highest revenue share in the global gluconic acid market in 2020. The segment is expected to record a steady growth rate of revenue over the course of the forecast period, due to factors such as increasing gluconic use. acidic derivatives such as sodium gluconate in a variety of food and drink products. Gluconic acid is widely used in food products as a pickling, hardening, leavening, flavoring and pH controlling agent.
Among the regional markets, the Asia-Pacific Gluconic Acid market is expected to exhibit the highest revenue growth rate during the forecast period due to several favorable factors. Growing number of gluconic acid manufacturing facilities in the region, increasing demand for gluconic acid and its derivatives in the food, personal care and cosmetic and pharmaceutical industries, and strict government regulations regarding product safety standards, especially in countries like India and Japan, and China, are the major growth factors of the Asia-Pacific market.
The gluconic acid market in Europe is expected to register a significantly robust CAGR during the forecast period. Strict regulations regarding the use of chemicals in food and beverages and personal care products and the increasing demand for bio-based acids in personal care products for reduced environmental impact and improved product quality are the main drivers. that drive market growth in the region.
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For the purpose of this report, the global Gluconic Acid market is segmented on the basis of type, application, and region:
Type Outlook (Revenue, Billions USD; 2018-2028)
Glu Gluconic Acid
Glucono Delta Lactone
Sodium salt of gluconic acid
Gluconic acid calcium salt
Application Outlook (Revenue, USD Billion; 2018-2028)
food and drinks
Region Outlook (Revenue, USD Billion; 2018-2028)
Middle East and Africa
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