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Gluconic Acid Market Size By Application, By Downstream Potential Analysis, Share, Growth Forecast, 2024 - 2032
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Gluconic Acid Market
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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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Gluconic Acid Market Size
The global gluconic acid market generated around USD 80.3 million in 2023 and is likely to grow at a CAGR of over 7.2% from 2024 to 2032. The increasing bio-based acids usage in personal care goods for their role in product formulation and optimizing shelf life, is expected to drive market. These acids are used in the formulation of mouthwash, cleansers, skincare products, and even shampoos and conditioners. As more people aspire to use multifunctional and high-end personal care products, the use of more complex ingredients by manufacturers is on the rise which may further grow the industry prospects. In addition, sales of skincare products have increased dramatically because of increasing beauty consciousness which has also intensified.
The gluconic acid market is positively impacted by the increasing demand in the food and beverage sector since gluconic acid is widely used as a food preservative, acidulant, and flavoring agent. It fits with the modern trend of nurturing the consumers’ need to have food which is safe but also tastes good.
Aside from that, gluconic acid is becoming more popular within the pharmaceutical and cosmetic industries because of its mildness and functionality as a pH breaker and stabilizer. This enables creative new combinations for products in both these fields.
Increased demand for bio products and eco-friendly alternatives is driving the market as well since gluconic acid can be produced from renewable resources such as glucose. This supports the global initiative to use more sustainable and eco-friendly materials. It promises manufacturers who want to respond to consumers’ wishes for green products. The same applies as other industries begin to embrace best practices to their and implement sustainable changes business systems. With its favorable perception as a green alternative, gluconic acid is well positioned in the market.
Gluconic Acid Market Trends
Trends in the use of efficient biotechnology processes to produce gluconic acid are gaining importance. New developments with fermentation and enzyme technologies are increasing productivity while lowering costs. In addition, more companies are practicing green chemistry by reducing waste and energy use. Process automation and control technologies are also enhancing production stability and scalability. While these changes increase productivity, they also contribute to sustainability goals, making gluconic acid attractive to the consumer and industry that practice sustainability. Thus, producers are in a better position to satisfy the growth in demand while remaining price competitive.
Gluconic Acid Market Analysis
By the year 2032, it is estimated that the food segment will reach an impressive USD 48.8 million and grow at CAGR of 7.6%. The gluconic acid industry is characterized by different trends for each of its prospects. There is an increasing trend of using gluconic acid as a corrosion inhibitor, as well as in cement formulation in the industrial domain, which augments both the durability and performance. There is a growing demand for gluconic acid in the beverages industry as it is used as a natural acid and flavoring agent which is beneficial for health. Within food, the food industry is also increasing its consumption for its uses as a preservative and acidity regulator due to the rising demand for clean label products.
Pharmaceutical companies are using gluconic acid due to its stabilizing properties and it is also employed in the personal care industry as a pH adjuster and a humectant in skin care products. Furthermore, gluconic acid is acknowledged for its potential as a chelating agent in the cleaners and detergents subindustry which improves the effectiveness of cleaning.
in the year 2023, the glucose delta lactone category accounted for a 40.1% share of the overall gluconic acid market with an estimation USD 32.1 million in sales and a projected growth rate of 5.5% CAGR from 2024 to 2032. A few gluconic acid derivatives are showcasing robust trends for prominent products. A rise in the construction and manufacturing industries has led to a greater need for sodium gluconate in the form of a concrete additive and a chelating agent. The calcium gluconate market, on the other hand, is gaining traction in the pharmaceutical and dietary supplement sectors due to better health awareness and the desire for added calcium. Natural sources of potassium in food and beverages are becoming more appealing, especially in health based products. As a result, potassium gluconate is increasing in prominence in conjunction with clean label movements. On the other side, glucono delta lactone is gaining popularity as a trustable natural preservative and acidifier among the health-conscious consumer base. These trends together show a shift to multifunctional and natural ingredients which increases the market attractiveness of gluconic acid derivatives in many industries.
The U.S. gluconic acid market size was valued at USD 24.9 million in 2032 and is estimated to achieve a market growth of 7.1% CAGR during the forecast period of 2024 to 2032.
Gluconic acid also broadened its role in pharmaceuticals as stabilizer and in dental products for oral care, which is expected to drive the market growth further. The shift towards natural and biodegradable ingredients is also beneficial for gluconic acid because it is produced from glucose through fermentation.
Gluconic Acid Market Share
Companies like Roquette, Jungbunzlauer, PMP, TCI Chemicals, and Merck Millipore are primary participants that contribute greatly to the market. With its superiority in plant-based chemistry, Roquette leads in the market. The company holds an extensive portfolio of biobased products including gluconic acid which has numerous applications in food and pharmaceuticals. Jungbunzlauer is renowned for the high-quality gluconic acid it supplies by focusing on high demand sustainable production methods. This caters to the ever-growing industries craving natural materials.
PMP aids the construction and agricultural industries with its unique techniques concerning the production and application of gluconic acid. The chemical company TCI Chemicals commits themselves with quality and substance by providing enough gluconic acid in research and development for the pharmaceutical and chemistry industries. Merck Millipore supplies quality assurance products in high demand. With their focus on regulatory compliance, it makes their items very popular in laboratories and industrial applications.
Gluconic Acid Market Companies
Major players operating in the gluconic acid industry are:
Gluconic Acid Industry News
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.
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.
This gluconic acid market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue (USD Billion) and volume (Tons) from 2024 to 2032, for the following segments:
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Market, By Application
Market, By Downstream Potential
The above information is provided for the following regions and countries: