Gluconic Acid Market Trends, Key Players, DROT, Analysis & Forecast Till 2028
The global gluconic acid market size is expected to reach USD 1.8 billion in 2028 and register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data. Among the key factors driving market revenue growth are increasing applications of gluconic acid in the food & beverage, personal care, pharmaceutical, and agriculture industries. Gluconic acid is a non-toxic, non-corrosive organic acid with high solubility in water and a mild and refreshing taste. It has higher pH levels compared to other commonly used chelators. Gluconic acid is chemically produced through the oxidization of glucose, however, the substance is also naturally present in honey, wine, and various fruits. In the food & beverage industry, gluconic acid is used in a wide range of meat and dairy products as a food additive and flavoring agent. It is widely used in bakery products such as cakes and doughnuts as a leavening agent. Increasing use of the acid in personal care products including skin cleansers, mouthwashes, and shampoos is another key factor driving the global market growth. Gluconic acid promotes exfoliation of dead cells and aids in cell renewal, and it offers antioxidant and restorative capabilities. Other important applications of gluconic acid include printing, textile dyeing, metal surface water treatment, house cleaning products, and numerous others.
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The Gluconic Acid market investigation report assesses the global market for the Gluconic Acid industry and provides revenue and capability forecasts for the projected period of 2021-2028. The factors that drive the industry's growth are highlighted in the report. The report divides the Gluconic Acid market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Demand for innovative materials is driven by transformations in the energy, automotive, logistics, manufacturing, construction, and other industries, as well as growing industry 4.0 technologies. Sustainability, lightweighting, 3D printing, and surface engineering are all hot topics in the materials sector, as are intelligent materials, nano-formulations, and new composites with improved properties. Furthermore, increased adoption of artificial intelligence (AI), machine learning (ML), and data management strategies encourages scientists to investigate and develop novel materials considerably more quickly, reducing time-to-market from decades to only a few years.
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Gluconic Acid market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Gluconic Acid market.
Leading companies operating in the market and profiled in the report include: PMP Fermentation Products, Shandong Xinhong Pharmaceutical Industry Limited Company, Xingzhou Medicine Food, Kaison Biochemical, Roquette, Shandong Fuyang Biotechnology, Ferro Chem Industries, Tianyi Food Additives, Shandong Xiwang Sugar Industry Co., Jungbunzlauer, Ruibang Laboratories, and Gress Chemicals.
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Gluconic Acid Market Segmentation:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Glu Gluconic Acid
- Glucono Delta Lactone
- Sodium Salt of Gluconic Acid
- Calcium Salt of Gluconic Acid
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Food & Beverage
- Pharmaceuticals
- Chemicals
- Agriculture
- Others
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