Gluconic Acid Market Analysis

Gluconic Acid Market Analysis

Gluconic acid market size from food application may exceed USD 30 million in forecasted timeframe. Refurbishments and shopping centre developments being designed to include food & beverage kiosks and stalls, which will drive food & beverage market, thus driving product demand.
 

Gluconic acid market size from pharma application may observe gains over 5% owing to accessibility of quality brands by means of effective supply channel supported by growing consumer purchase capability, which may intensify product demand. The product salts can be articulated into medicines for treating hypomanganism. These products are also added to vitamin mineral dietary supplements which may drive product demand by 2024.
 

Asia Pacific, led by South Korea, Japan, India and China gluconic acid market size is estimated to surpass USD 25 million in the estimated timeframe due to rising consumer awareness about health apprehensions due to usage unsafe chemicals. Rising development of bio ingredients to be used as protecting agent and food additive will stimulate regional product demand.
 

Europe led by UK, Italy, France and Germany gluconic acid market size may record robust gains over 5%. Growing beverage market in this region should propel industry growth along with strict regulations related chemical usage has stimulated effective production of beverages which may fuel regional product demand.
 

Brazil gluconic acid market size may witness strong gains due to growth personal care sector, which has led to mounting demand of premium cosmetic product will enhance regional market size.