About Gluconic Acid
Gluconic acid is a mild organic acid derived from the oxidation of glucose. It is widely used across various industries, including food and beverage, pharmaceuticals, agriculture, and chemicals. The global demand for gluconic acid is driven by its eco-friendly nature and versatile applications. In the food industry, it serves as an acidity regulator, stabilizer, and preservative in dairy, baked goods, and beverages. Its role in pharmaceuticals includes applications as a chelating agent in mineral supplements and oral care products. Additionally, gluconic acid and its derivatives, such as sodium gluconate and calcium gluconate, are extensively used in agriculture as micronutrient fertilizers and in the construction industry as concrete additives due to their excellent chelating properties. The market growth for gluconic acid is fueled by the increasing demand for biodegradable and sustainable chemicals, particularly in cleaning and personal care products. The rise in vegan and plant-based products has also contributed to its growing use in food formulations. However, market expansion is somewhat restrained by the fluctuating prices of raw materials and the availability of synthetic substitutes. With ongoing research and development, gluconic acid continues to find new applications, particularly in biotechnology and pharmaceutical innovations, making it a crucial component in various industrial processes.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Gluconic Acid market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative combinations and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alfa Chemistry (United States), Evonik Industries AG (Germany), Fuso Chemical Co., Ltd. (Japan), Jungbunzlauer (Switzerland), Merck Millipore (MilliporeSigma) (United States), PMP Fermentation Products, Inc. (United States), Prathista Industries Limited (India), R-Biopharm AG (Germany), TCI Chemicals (Tokyo Chemical Industry Co., Ltd.) (Japan) and Toronto Research Chemicals Inc. (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Gluconic Acid market by Type (Glu Gluconic Acid, Glucono Delta Lactone, Sodium Salt of Gluconic Acid, Calcium Salt of Gluconic Acid and Others), Application (Food & Beverage, Pharmaceuticals, Chemicals, Agriculture and Others) and Region.
On the basis of geography, the market of Gluconic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Downstream Potential, the sub-segment i.e. Glucono delta-lactone will boost the Gluconic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Extensive applications of gluconic acid as a chelating agent in cement and agricultural industries
Market Growth Drivers:
Growing demand in the food and beverage and Rise in disposable income and high demand for bio-based personal care products
Restraints:
High processing costs associated with gluconic acid
Opportunities:
Advancements in improving fermentation process for gluconic acid and Emerging applications of gluconic acid in hypertension and stroke risk identification
Market Leaders and their expansionary development strategies
In May 2023; Skinceuticals developed a potent cream called glycolic 10 renew overnight, which improves skin glow by 36% while maintaining tolerability. This will steer interest towards gluconic acid as an alternative ingredient to similar dosage forms.
In March 2024, Corbion announced to develop gluconic acid production to assist with the burgeoning appeal in consumers, specifically in food, and beverage industries. This expansion will catalyze the growth of the gluconic acid industry.
Key Target Audience
Suppliers of Raw Materials, Power Industry, Governmental Bodies, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.