Gluconic Acid Market Overview
Global Gluconic Acid Market size was valued at USD 181.54 Mn. in 2023 and is expected to reach USD 231.60 Mn. by 2030, at a CAGR of 3.54%.
Gluconic acid is a mild, non-toxic, and biodegradable organic acid with excellent sequestering power, found naturally in plants, fruits, wine (up to 0.25%), and honey (up to 1%). Gluconic acid is a mild, non-toxic, and biodegradable organic acid with excellent sequestering power, naturally found in plants, fruits, wine, and honey. Produced by fermenting glucose, it features reactive hydroxyl and carboxyl groups. In alkaline solutions, its chelating capability surpasses agents such as EDTA and NTA, effectively binding metals including calcium, iron, copper, and aluminum.
Market Forecast and Key Dynamics:
Gluconic acid and its derivatives, such as sodium gluconate, play essential roles as concrete admixtures due to their capability to act as set retarders and plasticizers. These compounds enhance the workability and durability of concrete by slowing down the cement hydration reactions, thus allowing for a more extended period to lay concrete and evenly distribute the cement hydration heat. This process helps to avoid high temperatures and the resulting cracking and drives Gluconic Acid Market growth. Such properties are particularly advantageous in large-scale construction projects or in high-temperature conditions where a slower setting time is advantageous.
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Gluconic Acid Market Regional Insights
North America dominated Gluconic Acid Market in 2023 and is expected to continue its dominance over the forecast period. The region boasts a robust industrial and technological infrastructure, which supports advanced manufacturing processes and innovation. This infrastructure is essential for producing gluconic acid at scale, ensuring consistent quality and meeting stringent regulatory standards. The presence of Gluconic Acid key players and various pharmaceutical, food and beverage, and chemical industries in the region drives demand. The pharmaceutical industry, in particular, utilizes gluconic acid for its chelating properties and in the formulation of several medicines and supplements. The food and beverage industry leverages gluconic acid as a food additive and preservative, capitalizing on its ability to enhance flavor and maintain product stability.
Gluconic Acid Market Segmentation
Based on Type, the market is categorized into Glucono-Delta-Lactone (GDL), Gluconate Salts, Gluconic Acid Solutions and Others. Glucono-Delta-Lactone (GDL) is expected to have a significant CAGR for the Gluconic Acid Market during the forecast period. Glucono-Delta-Lactone GDL, a lactone derived from gluconic acid, boasts significant versatility, making it a preferred choice across various industries. Its primary utility lies in the food industry, where it serves as a multifunctional additive, pH adjuster, and sequestrant. In food processing, GDL is used in several applications, including tofu production, bakery goods, dairy products, and meat processing. Its ability to act as a slow-release acidifier makes it invaluable in regulating pH levels and improving texture in processed foods.
Gluconic Acid Market Key Players
Roquette Freres (Lestrem, France)
Jungbunzlauer (Basel, Switzerland)
Shandong Fuyang Biotechnology Co., Ltd. (Shandong, China)
Henan Xinghan Biological Technology Co., Ltd. (Henan, China)
Shandong Baisheng Biotechnology Co., Ltd. (Shandong, China)
Anil Bioplus Limited (Vadodara, India)
Shandong Shouguang Xincheng Chemical Co., Ltd. (Shandong, China)
Henan Xiangtong Chemical Co., Ltd. (Henan, China)
Xiwang Sugar Holdings Company Limited (Shandong, China)
Jinan Pengbo Biotechnology Co., Ltd. (Shandong, China)
Merck Group (Darmstadt, Germany)
MP Biomedicals (Santa Ana, California, United States)
Sigma-Aldrich Corporation (St. Louis, Missouri, United States)
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/Gluconic-Acid-Market/2005
Key questions answered in the Gluconic Acid Market are:
- What is Gluconic Acid?
- What was the Gluconic Acid market size in 2023?
- What is the growth rate of the Gluconic Acid Market?
- Which are the factors expected to drive the Gluconic Acid market growth?
- What are the different segments of the Gluconic Acid Market?
- What growth strategies are the players considering to increase their presence in Gluconic Acid?
- What are the upcoming industry applications and trends for the Gluconic Acid Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Gluconic Acid Market?
- What segments are covered in the Gluconic Acid Market?
- Who are the leading companies and what are their portfolios in Gluconic Acid Market?
- What segments are covered in the Gluconic Acid Market?
- Who are the key players in the Gluconic Acid market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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