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Global Gluconic Acid and Its Derivatives Market 2018-2022

Global Gluconic Acid and Its Derivatives Market 2018-2022

  • November 2018
  • 104 pages
  • ID: 5666310
  • Format: PDF
  • Infiniti Research Limited

Summary

Table of Contents

About this market

With the rising concern related to the toxic effects associated with the use of synthetic chemicals has given rise to an increase in the demand for biodegradable and environment- friendly products. Gluconic acid is prepared by the fermentation of glucose, whereby the physiological d- form is produced. The increasing need for a sustainable, safe, and environment- friendly economy has resulted in high investments in R&D activities regarding the adoption of various bio- based products such as gluconic acid. The rising awareness among the consumers about their health and safety and changing preference toward the sue of safer and renewable ingredients in the products they use, especially those they consume or apply are expected to increase the demand for bio- based products including gluconic acid and its derivatives. The gluconic acid and its derivatives market growth at a CAGR of more than 5% during the forecast period.

Market Overview
Growth of the food and beverage industry
Gluconic acid and its derivatives are used in confectionary; dairy products; as a flavoring agent in food products and ready- to- eat- products and in sauces, dressing and seasoning. The consumption of food and beverage is driven by the ever- increasing population across the globe.
High cost of producing gluconic acid
The high cost of raw materials such as refined glucose and sources, also adds to the cost of the final product. Therefore, the high cost of gluconic acid is expected to limit its use during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the gluconic acid and its derivatives market during the 2018-2022, view our report.

Competitive Landscape
The global gluconic acid and its derivatives market is highly concentrated. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

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