Gluconic Acid and Derivatives Market, By Product Type (Gluconic Acid, Glucono delta-lactone, Sodium Salt of Gluconic Acid, Calcium Salt of Gluconic Acid, and Other), By Application (Food, Pharmaceutical, Personal Care, Agriculture, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

The gluconic acid is soluble in water and non-toxic. It is a non-corrosive organic acid. It is made from the process of the oxidation reaction. It is abundantly used in foodstuffs such as dairy products, meat, wine, and others.  The several salts are prepared to form the gluconic acid such as sodium gluconate, potassium gluconate, and calcium gluconate. The various application of salts includes absorption in the doughnuts, reduction of the fats and it is also used as an additive in the numerous food items.

With the growing concern related to the toxic effects related to the use of synthetic chemicals has given upsurge to an increase in the demand for environment- friendly and biodegradable products. Gluconic acid is prepared by the process of fermenting glucose, whereby the physiological d- form is produced. Furthermore, changing the preference of consumers toward the use of renewable and safer ingredients in the products is boosting the growth of the target market. Also, rising awareness among the consumers about their safety and health and especially those they consume or apply are expected to increase the demand over the forecast period for bio-based products including gluconic acid and its derivatives.  Moreover, growing need for a safe, sustainable, and environment- friendly economy has resulted in high investments in R&D activities regarding the adoption of various bio-based products such as gluconic acid. However, high production costs and capital requirement may hamper the growth of the global gluconic acid and derivatives market shortly. Further, raw material required for production is glucose, which is costly as compared to other carbon source and thus, raises the production cost.

Gluconic acid and derivatives market is segmented based on product type, application, and region.

Based on product type, the gluconic acid and derivatives market is segmented into Gluconic Acid, Glucono delta-lactone, Sodium Salt of Gluconic Acid, Calcium Salt of Gluconic Acid, and Other. Sodium Salt of Gluconic Acid and Glucono delta-lactone have the major market due to its increased demand in pharmaceutical, chemical, and food industries. For instance, according to the Indian brand equity foundation, the FMCG is accounted to be US$ 52.75 billion whereas it is projected to reach US$ 103.7 billion.

 Based on the application, the target market is classified into food, pharmaceutical, personal care, agriculture, and others.

On the region, the gluconic acid and derivatives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 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. Europe is estimated to account for substantial growth for the global market. The rising expansion of the food and beverage industry in the region is predicted to be the major reason for boosting the growth of the global market over the forecast period.

Gluconic Acid and Derivatives Market, By Product Type:

• Gluconic Acid
• Glucono delta-lactone
• Sodium Salt of Gluconic Acid
• Calcium Salt of Gluconic Acid
• Other

Gluconic Acid and Derivatives Market, By Application:

• Food
• Pharmaceutical
• Personal Care
• Agriculture
• Others

Gluconic Acid and Derivatives Market, By Region:

• North America
  • Middle East & Africa
    • Middle East & Africa Gluconic Acid and Derivatives Market, By Type
    • Middle East & Africa Gluconic Acid and Derivatives Market, By Application
    • Middle East & Africa Gluconic Acid and Derivatives Market, By Country
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • Latin America Gluconic Acid and Derivatives Market, By Type
    • Latin America Gluconic Acid and Derivatives Market, By Application
    • Latin America Gluconic Acid and Derivatives Market, By Country
      • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • Asia Pacific Gluconic Acid and Derivatives Market, By Type
    • Asia Pacific Gluconic Acid and Derivatives Market, By Application
    • Asia Pacific Gluconic Acid and Derivatives Market, By Country
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific                                                                                                                                                                                                  
  • Europe
    • Europe Gluconic Acid and Derivatives Market, By Type
    • Europe Gluconic Acid and Derivatives Market, By Application
    • Europe Gluconic Acid and Derivatives Market, By Country
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • North America Gluconic Acid and Derivatives Market, By Type
  • North America Gluconic Acid and Derivatives Market, By Application
  • North America Gluconic Acid and Derivatives Market, By Country
    • U.S.
    • Canada

The key players operating the 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.

• Roquette Foods
  • Company Overview
• Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• FUSO Chemicals Co.
• Jungbanzlauer
• Evonik Industries
• Merck
• Tokyo Chemical Industry Ltd.
• Xiwang Group
• Alfa Chemistry
• Ruibang Laboratories
• Kaison Chemicals

 “*” marked represents similar segmentation in other categories in the respective section