In 2023, the actual import value of gluconic acid to India stood at 34.562 million US dollars. The forecast for 2024 through 2028 projects a steady increase in imports, reaching 41.094 million US dollars by 2028. Year-on-year, imports are expected to grow by approximately 3.7% in this period. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be about 3.6%, signaling a consistent upward trend in demand.
Future trends to watch for include:
- Potential changes in regulatory frameworks affecting import tariffs or standards.
- Variations in domestic production capabilities that might influence import reliance.
- Developments in the global gluconic acid supply chain, potentially affecting pricing and availability.