Glucaric Acid Market Size, Share, Demand, Growth and Forecast 2023-2028

IMARC Group has recently released a new research study titled "Glucaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the glucaric acid market?

The global glucaric acid market size reached US$ 957.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,469.2 Million by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.

What is glucaric acid?

Glucaric acid (C6H10O8), also called as polyhydroxy dicarboxylic acid or saccharic acid, is a naturally occurring compound found in numerous fruits or vegetables, including oranges, apples, grapes, broccoli, and cabbage. It is also produced by the human body as a metabolite. Glucaric acid aids in improving liver health by eliminating toxic substances from the liver and reducing oxidative stress. It also assists in protecting against liver damage caused by alcohol consumption and other harmful substances. This acid is used in the manufacturing of bio-based chemicals and other derivatives, such as potassium glucarate, sodium glucarate, calcium D-glucarate, and D-glucaric acid lactone.

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What are the key factors driving the global glucaric acid market?

The launch of initiatives by governing agencies of several countries to promote the use of sustainable products, on account of the increasing environmental concerns among consumers, is among the key factors driving the glucaric acid market. Moreover, the rising usage of C6H10O8 in cleaning items, including laundry detergents and dishwashing detergents, owing to its ability to remove hard water stains and prevent buildup, is also stimulating the market growth.

Besides this, the growing utilization of this acid in making personal care and cosmetic products, such as shampoo, conditioner, facial cleanser, toners, moisturizers, sunscreen, foundations, powder, face wash, body wash, and scrubs is acting as another significant growth-inducing factor.

Furthermore, the escalating demand for C6H10O8 as a food additive and flavoring agent for the preparation of various food items and beverages, including fruit juices, protein bars and powders, and sports drinks, is further propelling the global market. Apart from this, the widespread adoption of this acid in the agricultural industry as a plant growth promoter and fertilizer is anticipated to fuel the glucaric acid market over the forecasted period.

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Who are the key players in the Glucaric Acid Market?

• AK Scientific Inc.
• Alfa Chemistry
• Carbosynth Ltd
• Cayman Chemical Company
• CHEMOS GmbH & Co. KG
• Kalion Inc.
• Merck KGaA
• The Archer-Daniels-Midland Company

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Market Segmentation:

Breakup by Product:

• Pure Glucaric Acid
• Calcium D-glucarate
• Potassium Sodium D-glucarate
• D-glucaric Acid-1,4-lactone
• Others

Breakup by Application:

• Food Ingredients
• Detergents
• Corrosion Inhibitors
• De-icing Applications
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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This release was published on openPR.