Industry Background:
D-Glucuronic acid is a sugar acid manufactured from glucose, and it is considered for various biological processes. It is known for its natural origin, gained from a non-GMO proprietary bacterial exopolymer. This product is highly suitable for application in food-grade applications. D-Galacturonic acid is the major constituent of pectin which is a naturally abundant compound. It is considered a cheap raw material but today highly adopted for animal feed. It has the potential to be an important raw material for biotechnological conversions to fuels or chemicals.This growth is primarily driven by Growing Demand for Industrial Grade D-Galacturonic Acid
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Megazyme (Ireland), MilliporeSigma (United States), Spectrum Chemical Manufacturing Corporation (United States), Alfa Aesar (United States), MP Biomedicals (United States), Sigma-Aldrich (United States), TCI Chemicals Pvt. Ltd. (India), Merck & Co. (United States), Creative Biomart Inc. (United States) and Selleck Chemicals (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2021, NEOGEN Corporation announced that it has acquired Megazyme, Ltd. The Ireland-based company has acquired a provider of analytical solutions used by quality control laboratories in the food and beverage industry. Megazyme will continue to operate as an independent company and will be managed through his NEOGEN European office in Scotland.
The global D-Galacturonic market is moderately competitive. There are various market players operating in this market that are highly focused on research and development activities to develop new products. With the rapid demand from the new applications developed by companies to strengthen their presence. The companies are exploring the market business growth strategies such as mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies.
Influencing Trend:
Increase Investment in Research and Development and Intense Market Rivalry
Market Growth Drivers:
Growing Demand for Industrial Grade D-Galacturonic Acid and Increase in Requirement from the Lab-Based Applications
Challenges:
Fluctuation in the Prices of Raw Materials and Required Huge Investment for New Market is Comes under One of the Major Barrier in this Industry
Restraints:
The Slowdown in the Economy Because of the Pandemic Situation
Opportunities:
Growing Adoption from the Cosmetic Care Industry, Development in Chemical Industry and Increase Investment in Advanced Packaging Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of D-Galacturonic Acid Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of D-Galacturonic Acid Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of D-Galacturonic Acid players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, D-Galacturonic Acid Study Sheds Light on
The D-Galacturonic Acid Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the D-Galacturonic Acid industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where D-Galacturonic Acid industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.