The gluconic acid and its derivatives market is a diverse and dynamic sector with applications across various industries. Derived from glucose, gluconic acid and its derivatives play a crucial role in the food and beverage, pharmaceutical, agriculture, and industrial cleaning industries. Gluconic acid is utilized as an acidulant, chelating agent, and sequestrant in the food industry, while its derivatives like GDL, sodium gluconate, and calcium gluconate have distinct roles. These compounds also find applications in agriculture, pharmaceuticals, and industrial cleaning products. The market for gluconic acid and its derivatives continues to expand as industries prioritize safer and more sustainable alternatives.
Trends that were relevant to the gluconic acid and derivatives market:
- Growing Demand for Sustainable and Natural Ingredients: There was a notable trend in the food and beverage industry towards using natural and sustainable ingredients. Gluconic acid and its derivatives, being derived from glucose and generally recognized as safe, have been seen as attractive options for food manufacturers looking to meet consumer demands for clean-label products.
- Increasing Use in Clean Label and Organic Products: The demand for clean label and organic products was on the rise, and gluconic acid and its derivatives were being utilized in such products as safe acidulants and preservatives.
- Expansion in Agriculture: In agriculture, the use of gluconic acid derivatives, particularly as soil conditioners and chelating agents, was gaining popularity. These derivatives help improve nutrient availability to plants and enhance crop yields, aligning with sustainable agriculture practices.
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Key Players:
The key players operating the global gluconic acid and derivatives market Roquette Foods, FUSO Chemicals Co., Jungbanzlauer, Evonik Industries, Merck, Tokyo Chemical Industry Ltd., Xiwang Group, Alfa Chemistry, Ruibang Laboratories, and Kaison Chemicals. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the types to gain a competitive edge in the target market. For instance, in February 2017, Jungbunzlauer launched minerals within their speciality salts segments, which can be easily used for mineral fortification.
Key Market Insights from the report:
- By product type, the global gluconic acid and derivatives market is segmented intoGluconic Acid, Glucono delta-lactone, Sodium Salt of Gluconic Acid, Calcium Salt of Gluconic Acid, and Other
- By application, the global market is segmented into beverages, food, cosmetics, and pharmaceutical, and other end-user verticals. The beverage and food are anticipated to be the leading segment over the forecast period. The growing expansion of the retail industry which involves various food stalls is projected to be the major reason for the growth of the segment over the forecast period.
- By region, Asia-Pacific is expected to hold the largest market share for the global market during the forecast period. This is attributed to the growing consumer awareness allied to the chemicals used for the construction purpose. Also, the growing demand for the bio ingredients for the food additives is projected to be the other major reason for the growth of the global market in the region.
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