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Roquette, Jungbunzlauer, PMP, Evonik are Profiled in Gluconic Acid Market 2024 Including Other Players TCI Chemicals, Merck Millipore, R-biopharm, Toronto Research Chemicals
Gluconic Acid Market
High consumer awareness and inclination towards bio-based products due to their low toxicity, environment friendly nature & biodegradability should drive global gluconic acid market. These bio-based organic acids are synthesized from microorganism or can be produced extracellularly. They are noncorrosive, non-toxic, non-volatile in nature, capable of reducing contamination and increasing quality of the product.
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UK market size from meat application is likely to reach 3.5 kilo tons due to its extensive usage as pH regulator for fermented salami and its application as a color enhancer. It is used in food processing in the removal of glucose prior to the preparation of products to reduce the nonenzymatic browning. It is also used in removing residual oxygen from dehydrated packaged foods including meat. Stable consumption of lamb, pork and beef, which have been important food items in British diet is likely to drive product demand in the forecast timeframe.
Key raw ingredients for manufacturing gluconic acid includes sugar which is utilized as a sweetening agent in food & beverages, and is acquired from several plants, including sugar cane and sugar beet. The product is manufactured using glucose, which can be naturally present is food including honey or can be produced from sugar. High cost competitiveness & complex manufacturing process for these feedstocks over conventional acids is a major industry restraint, thus affecting gluconic acid market price trends. This creates an opportunity for marketers to utilize industrial and agricultural waste in production process to increase industrial profitability.
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Gluconic acid industry from sodium gluconate should witness significant gains at over 5% by 2024 due to its green chemistry and lower carbon footprint. These organic acids offer stability in a wide range of pHs, and temperature. It is chelating agent for plating, alumina dyeing and cement industries hence propelling product demand.
Companies Profiled into Gluconic Acid Industry:
1. Roquette
2. Jungbunzlauer
3. PMP
4. TCI Chemicals
5. Merck Millipore
6. R-biopharm
7. Evonik
8. Xzhch
9. Toronto Chemicals
10. Fuso chemical
Germany gluconic acid industry would generate revenues over USD 6 million by 2024. This growth in can be ascribed to presence of strict ecological protection policies accompanied by growing consumer health awareness which should stimulate regional industry growth.
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Global gluconic acid market share is moderately fragmented and competitive with key manufacturers including Roquette, Saraya, Ecover Jungbunzlauer, PMP, TCI Chemicals, Merck Millipore, R-biopharm, Evonik, xzhch, Toronto Research Chemicals, Prathista and Fuso chemical. Companies focus in expanding their marketing network by developing strategies through partnership, mergers & acquisition. Growing investment in R&D by companies for product development also strengthens market penetrability.
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