Gluconic Acid & Derivative Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Gluconic Acid & Derivative Market Analysis
The gluconic acid and derivatives market is projected to record a CAGR of 5.5% during the forecast period (2020 - 2025).
- Gluconic acid is allowed for usage in human foods as a curing and pickling agent, leavening agent, pH control agent, and as a sequestrant. High application in numerous sectors, including the food industry, caters to the market studied.
- It is used in meat and dairy products, more specifically in baked goods as a component of leavening agents for preleavened products. It is very popularly used as a flavoring agent and also finds application in reducing fat absorption in doughnuts and cones.
- High processing cost is one of the major restraints for the market growth for gluconic acid.
- By product type, the sodium salt of a gluconic acid segment of the market is most popular among all.
Gluconic Acid & Derivative Market Trends
This section covers the major market trends shaping the Gluconic Acid & Derivative Market according to our research experts:
Food and Beverage Application is the Fastest Growing Segment
The role of gluconic acids and their derivatives as potent taste improvers, in the major regions, like Asia-Pacific, across the world provide significant opportunities to the new market players for expansion in tools and technological profiles, in order to cater to the ever-increasing demand for gluconic acid and their derivatives in multiple end-user industries. The specific category of gluconic acid derivatives, like sodium gluconate, is used in the food and beverage industry owing to its property of reducing the bitterness of high-intensity sweeteners, like stevia.
Asia-Pacific Continues to Dominate the Global Market
Asia-Pacific is projected to be the fastest-growing region, owing to rising government spending on infrastructure development. Increasing the application of gluconic acid in food products is fueling the demand for gluconic acid in the region. The region is a major exporter of gluconic acid. The market is highly competitive in this region, owing to the presence of a large number of regional manufacturers. Nevertheless, the major players from this region are targeting established brands in mature markets, due to their consistent performance and safety of their product offerings. Japan and China are the major markets in the region, as well as from a global perspective, due to their high exports and production. India is the major importer of gluconic acid in the region, mainly from China.
Gluconic Acid & Derivative Industry Overview
The market has key players competing for the major market share, while small regional players dominate the market share, who are focused on investing and expanding their presence. Roquette, Evonik, Merck, and Jungbunzlauer are a few major players that have local, as well as a global presence. Some of the players have been expanding their geographical presence by acquiring manufacturers in foreign markets. The Tokyo Chemical Industry, for instance, has increased its presence, globally, over a decade. Chinese exports form a major share of the market, because of which, Chinese manufacturers have a high market presence even outside the country.
Gluconic Acid & Derivative Market Leaders
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Merck KGaA
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Tokyo Chemical Industry Co., Ltd
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Shandong Xinhong Pharmaceutical Co., Ltd.
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Roquette Frères
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Jungbunzlauer Suisse AG
*Disclaimer: Major Players sorted in no particular order
Gluconic Acid & Derivative Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Gluconic acid
- 5.1.2 Glucono Delta Lactone
- 5.1.3 Sodium Salt of Gluconic Acid
- 5.1.4 Calcium Salt of Gluconic Acid
- 5.1.5 Other Types
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5.2 By Application
- 5.2.1 Food and Beverage
- 5.2.2 Personal Care
- 5.2.3 Pharmaceuticals
- 5.2.4 Other Applications
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Rest of the World
- 5.3.4.1 South America
- 5.3.4.2 Middle East
- 5.3.4.3 Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Position Analysis
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6.4 Company Profiles
- 6.4.1 Roquette Freres
- 6.4.2 Jungbunzlauer Suisse AG
- 6.4.3 Fuso Chemical Co., Ltd
- 6.4.4 Evonik Industries AG
- 6.4.5 Merck KGaA
- 6.4.6 Tokyo Chemical Industry Co., Ltd
- 6.4.7 Alfa Chemistry
- 6.4.8 Shandong Xinhong Pharmaceutical Co., Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityGluconic Acid & Derivative Industry Segmentation
The gluconic acid and derivatives market is segmented by type into gluconic acid, gluconodelta lactone, sodium salt of gluconic acid, calcium salt of gluconic acid, and other types. By application, the market is segmented into food and beverage, personal care, pharmaceuticals, and other applications.
| By Type | Gluconic acid | |
| Glucono Delta Lactone | ||
| Sodium Salt of Gluconic Acid | ||
| Calcium Salt of Gluconic Acid | ||
| Other Types | ||
| By Application | Food and Beverage | |
| Personal Care | ||
| Pharmaceuticals | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World | South America |
| Middle East | ||
| Africa |
Gluconic Acid & Derivative Market Research FAQs
What is the current Gluconic Acid and Derivatives Market size?
The Gluconic Acid and Derivatives Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Gluconic Acid and Derivatives Market?
Merck KGaA, Tokyo Chemical Industry Co., Ltd, Shandong Xinhong Pharmaceutical Co., Ltd. , Roquette Frères and Jungbunzlauer Suisse AG are the major companies operating in the Gluconic Acid and Derivatives Market.
Which is the fastest growing region in Gluconic Acid and Derivatives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Gluconic Acid and Derivatives Market?
In 2024, the Asia Pacific accounts for the largest market share in Gluconic Acid and Derivatives Market.
What years does this Gluconic Acid and Derivatives Market cover?
The report covers the Gluconic Acid and Derivatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gluconic Acid and Derivatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Gluconic Acid and Derivatives Industry Report
Statistics for the 2024 Gluconic Acid and Derivatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gluconic Acid and Derivatives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
