Market Size of Gluconic Acid and Derivatives Industry
| 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 |
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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.
