About Manganese Gluconate
Manganese gluconate is a nutritional element which combines the mineral manganese with glutamic acid. It has been used as a food additive for its color and texture, also as a nutritional supplement for its potential health benefits. But, due to its high toxicity, caution must be used to ensure do not overdose on manganese gluconate. Further, it found in trace amounts in many plants, and can be found in human body, primarily in bone and soft organ tissue. It is a manganese salt of gluconic acid with the chemical formula C12H22MnO14 x 2H2O. In pharmaceutical preparations it is used as a manganese supplement and its pharmacological effects are due to the normal role of manganese in the body.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading companies are focusing on strategic partnerships to improve their products and services. Key players are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Manganese Gluconate market throughout the forecasted period. 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.
Liaoyang Fuqiang Food Chemical (China), Shandong Xinhong Pharmaceutical (China), Global Calcium (India), Anhui Xingzhou Medicine Foods (China), Jost Chemical (United States), Dacon China (China), Triveni Chemicals (India), Henan Honghui Biotechnology (China), Zhengzhou Ruipu Biological Engineering (China) and American Elements (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Manganese Gluconate market by Type (Food Grade and Pharmaceutical Grade), Application (Food & Beverage, Pharmaceutical, Personal Care and Other) and Region.
On the basis of Type, Food Grade are dominating the market in the year 2023 where as Food Grade stood as second largest market share.
On the basis of application, Food & Beverage segment is dominating the market in the year 2023 where as Pharmaceutical segment stood as second largest market .On the basis of geography, the market of Manganese Gluconate 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). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Manganese Gluconate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand from Pharmaceutical Industry
Market Growth Drivers:
Health Benefits Such As Blood-Clotting Factors and Blood Sugar Regulation and Rising Use as a Food Additive for Its Color and Texture
Challenges:
High Amounts of Manganese Gluconate Intake May Cause Serious Health Risks
Restraints:
Concerns Regarding High Toxicity
Opportunities:
High Potential Growth Offered By Emerging Economies
Market Leaders and their expansionary development strategies
In October 2022, Israel-based Gadot Biochemical Industries has launched pure magnesium bisglycinate, which has higher bioavailability than magnesium carbonate, and sulfate according to Gadot’s CEO, Ohad Cohen. Magnesium bisglycinate from Gadot is sourced from the Dead Sea, thus offering the most superior minerals found anywhere on earth. It is non-GMO Project Verified, vegan, gluten-free, and Halal and Kosher certified.
In April 2020, Life NLB launched its first product Enzysamine for joints problem which contains calcium from marine aragonite, manganese gluconate, marine glucosamine sulfate, marine chondroitin sulfate, extracts of meadowsweet, enzymatic catalyst.
Key Target Audience
Manufacturers of Manganese Gluconate, Suppliers of Manganese Gluconate, Food Industry, Pharmaceutical Industry, Governmental Bodies and Research Firms
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.