The global Gluconic Acid and Derivatives market size is expected to reach USD 1.8 billion in 2028 and register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data. Among the key factors driving market revenue growth are increasing applications of Gluconic Acid and Derivatives in the food beverage, personal care, pharmaceutical, and agriculture industries. Gluconic Acid and Derivatives is a non-toxic, non-corrosive organic acids with high solubility in water and a mild and refreshing taste. The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry. The report discusses in detail the key factors expected to drive and restrain market growth over the forecast period. Each chapter of the report has been formulated through extensive primary and secondary research to offer valuable and actionable insights into the global Gluconic Acid and Derivatives market.
Among the key factors driving market revenue growth are increasing applications of Gluconic Acid and Derivatives in the food beverage, personal care, pharmaceutical, and agriculture industries. Gluconic Acid and Derivatives is a non-toxic, non-corrosive organic acids with high solubility in water and a mild and refreshing taste. It has higher pH levels compared to other commonly used chelators. Gluconic Acid and Derivatives are chemically produced through the oxidization of glucose, however, the substance is also naturally present in honey, wine, and various fruits. In the food beverage industry, Gluconic Acid and Derivatives are used in a wide range of meat and dairy products as food additives and flavoring agents. It is widely used in bakery products such as cakes and doughnuts as a leavening agent. Increasing use of the acid in personal care products including skin cleansers, mouthwashes, and shampoos is another key factor driving the global market growth. Gluconic Acid and Derivatives promote the exfoliation of dead cells and aid in cell renewal, and it offers antioxidant and restorative capabilities. Other important applications of Gluconic Acid and Derivatives include printing, textile dyeing, metal surface water treatment, house cleaning products, and numerous others.
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The chemicals and materials industry produces a massive variety of products consumed by people across the world on a daily basis. While several products, namely detergents, perfumes, soaps, and others are bought directly by the consumers, the others are used as ingredients to make numerous products. For instance, in Europe, nearly 70% of the chemicals that are manufactured are used to make other products. The industry uses a wide range of raw materials ranging from oil, minerals, air, and others. With growing competition among industry players, innovation remains vital in discovering new paths to meet the needs of sophisticated, demanding, and environmentally conscious consumers.
The competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries, which will foster market size in the coming years.
Industry players in the Gluconic Acid and Derivatives market are adopting the strategy of forwarding integration to cater to increasing product demand and to enhance their footprint in the global market.
This market report provides details of new recent developments, import-export analysis, trade regulations, production analysis, value chain optimization, market share, analyses opportunities in terms of emerging revenue pockets, the impact of domestic and localized market players, changes in the market, trends, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
North America is expected to dominate the global materials and chemicals market landscape during the forecast period owing to the strong presence of prominent industry players in this region.
APAC is projected to be the fastest-growing Gluconic Acid and Derivatives market globally. The increasing manufacturing and export over the past years have led several global leading companies to not only make huge investments in the region’s chemical sector but also set up their own manufacturing sites to increase their presence in this emerging market.
Top companies operating in the market and profiled in the report include:
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
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Gluconic Acid and Derivatives Market Segmentation:
The report segments the Gluconic Acid and Derivatives markets on the basis of product types, end-use industries, technology, and region.
Type Outlook (Revenue, USD Billion; 2018-2028)
Glu Gluconic Acid and Derivatives
Glucono Delta Lactone
Sodium Salt of Gluconic Acid and Derivatives
Calcium Salt of Gluconic Acid and Derivatives
Application Outlook (Revenue, USD Billion; 2018-2028)
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