Gluconic acid, which is also known as maltonic acid or dextronic acid, is produced from glucose by using microbial fermentation process or glucose oxidase catalysis process. Gluconic acid can also be found naturally in plants, fruits, wine, honey, rice, meat, vinegar, and others. The salts of gluconic acid are known as gluconates, for example, calcium gluconate and iron gluconate, etc. Gluconic acid has extensive usage in the food industry, such as n meat and dairy products, baked goods, flavoring agent, and others. Derivatives of gluconic acid like sodium gluconate, calcium, and iron gluconates are used as dietary supplements. Industries like food, pharmaceuticals, and chemical, etc. has wide usage of gluconic acid and its derivatives.
MARKET DYNAMICS
The growing demand of gluconic acid and its derivatives for food and pharmaceutical applications will drive the growth for the gluconic acid and derivatives market. Additionally, increasing usage of gluconic acid and its derivatives in the textile industry as stabilizers for dye baths and bleach baths will further propel the demand for gluconic acid and derivatives market. Predominantly, the high cost of production of gluconic acid may hamper the gluconic acid and derivatives market. However, increasing demand for bio-degradable products will create an opportunity for the gluconic acid and derivatives market.
MARKET SCOPE
The "Gluconic Acid and Derivatives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the gluconic acid and derivatives market with detailed market segmentation by type, application, and region. The gluconic acid and derivatives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading gluconic acid and derivatives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The gluconic acid and derivatives market is segmented on the basis of type, application. On the basis of 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, others. on the basis of application, the gluconic acid and derivatives market is segmented into food, pharmaceuticals, chemicals, agriculture, others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the gluconic acid and derivatives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The gluconic acid and derivatives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the gluconic acid and derivatives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the gluconic acid and derivatives market in these regions.
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MARKET PLAYERSThe reports cover key developments in the gluconic acid and derivatives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from gluconic acid and derivatives market are anticipated to lucrative growth opportunities in the future with the rising demand for gluconic acid and derivatives in the global market. Below mentioned is the list of few companies engaged in the gluconic acid and derivatives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the gluconic acid and derivatives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Alfa Chemistry
-Evonik Industries
-FUSO Chemicals Co.
-Jungbunzlauer
-Kaison Chemicals
-Merck
-Roquette Foods
-Ruibang Laboratories
-Tokyo Chemical Industry Ltd.
-Xiwang Group
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