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Gluconic Acid Market Analysis

  • Report ID: GMI2878
  • Published Date: Nov 2024
  • Report Format: PDF

Gluconic Acid Market Analysis

The food application segment will capture USD 48.8 million and demonstrate a 7.6% CAGR till 2032. The gluconic acid industry is experiencing diverse trends across its various applications. In the industrial sector, gluconic acid is increasingly utilized as a corrosion inhibitor and in cement formulation, enhancing durability and performance. The beverages segment is seeing a rise in gluconic acid use as a natural acidulant and flavor enhancer, appealing to health-conscious consumers. In the food industry, its role as a preservative and acidity regulator is gaining traction, driven by the demand for clean-label products.
 

The gluconic acid market from pharmaceutical sector is leveraging gluconic acid for its stabilizing properties in drug formulations, while the personal care industry incorporates it as a pH regulator and humectant in skincare products. Additionally, the cleaners and detergents segment is recognizing gluconic acid's effectiveness as a chelating agent, enhancing cleaning performance. Overall, these trends reflect a shift toward natural and multifunctional ingredients across multiple sectors, driving growth in the market.
 

Gluconic Acid Market Revenue Share, By Downstream Potential, (2023)

The glucono delta-lactone segment held a 40.1% market share in 2023, amounting to USD 32.1 million, and is projected to grow at a 5.5% CAGR from 2024 to 2032. The market for gluconic acid derivatives is witnessing significant trends across key products. Sodium gluconate is increasingly sought after for its role as a concrete additive and chelating agent, driven by growth in the construction and manufacturing sectors. Calcium gluconate is gaining attention in pharmaceuticals and dietary supplements, propelled by rising health awareness and demand for calcium fortification. Potassium gluconate is growing in popularity as a natural potassium source in food and beverages, particularly in health-oriented products, aligning with clean-label trends. Meanwhile, glucono delta-lactone is becoming a favoured natural preservative and acidulant in the food industry, appealing to consumers seeking healthier options. Collectively, these trends highlight a shift towards multifunctional and natural ingredients, enhancing the commercial potential of gluconic acid derivatives across various industries.
 

U.S. Gluconic Acid Market Size, 2021 - 2032 (USD Million)

U.S. gluconic acid market is projected to achieve USD 24.9 million, with a CAGR of 7.1% from 2024 to 2032. The U.S. gluconic acid industry is experiencing robust growth driven by increasing demand across various sectors, including food and beverage, pharmaceuticals, and personal care. As a versatile organic acid, gluconic acid is valued for its applications as a food preservative, acidulant, and pH regulator, contributing to its rising usage in the food industry.
 

Additionally, its role in pharmaceuticals as a stabilizer and in dental products for oral care is expanding, further propelling market growth. The trend towards natural and biodegradable ingredients is also favoring gluconic acid, as it is derived from glucose through fermentation processes.

Authors: Kunal Ahuja, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for gluconic acid was valued at USD 80.3 million in 2023 and is expected to reach USD 135.4 million by 2032, driven by a CAGR of over 7.2% from 2024 to 2032.

The glucono delta-lactone segment held a 40.1% market share in 2023, amounting to USD 32.1 million, and is projected to grow at a 5.5% CAGR from 2024 to 2032, driven by its increasing use as a natural preservative and acidulant in the food industry.

U.S. market is projected to achieve USD 24.9 million by 2032, driven by a CAGR of 7.1% from 2024 to 2032, fueled by rising demand across food and beverage, pharmaceuticals, and personal care sectors.

Major players in the industry include Alfa Chemistry, Evonik, Fuso Chemical Co., Ltd., Jungbunzlauer, Merck Millipore, PMP Fermentation Products, Inc., Prathista, and R-Biopharm Ag.

Gluconic Acid Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 18
  • Pages: 200
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