Gluconic Acid Market Analysis

Report ID: GMI2878
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Published Date: November 2024
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Report Format: PDF

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Gluconic Acid Market Analysis

Gluconic Acid Market Size, By Application, 2021 - 2032 (USD Million)

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.
 

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

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.
 

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

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.
 

Authors: Kunal Ahuja, Manish Verma
Frequently Asked Question(FAQ) :
Who are the major players in the gluconic acid industry?
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.
How much is the U.S. gluconic acid market worth?
What is the market share of the glucono delta-lactone segment in the gluconic acid industry?
How big is the global gluconic acid market?
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    Base Year: 2023

    Companies covered: 10

    Tables & Figures: 172

    Countries covered: 18

    Pages: 200

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