Global Gluconolactone Market Report and Forecast 2023-2028

Global Gluconolactone Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global gluconolactone market attained a value of USD 531.7 million in 2022. Aided by the rising demand from the food, pharmaceutical, and cosmetic industries, the market is projected to further grow at a CAGR of 6.9% between 2023 and 2028 to reach a value of USD 785.20 million by 2028.

Gluconolactone, a naturally occurring polyhydroxy acid (PHA), is derived from glucose through the process of oxidation. This versatile compound has a variety of applications, including as a food preservative, acidulant, sequestrant, and chelating agent. In the pharmaceutical industry, gluconolactone is used as an excipient in drug formulations, while in cosmetics, it is known for its skin conditioning and pH regulating properties. The gluconolactone market is primarily driven by the increasing demand for the compound from the food, pharmaceutical, and cosmetic industries. The compound's unique properties make it highly suitable for various applications, boosting its market growth.

Rising health consciousness and demand for natural and eco-friendly ingredients in food and cosmetic products have led to a surge in the use of gluconolactone. As a result, manufacturers are increasingly incorporating gluconolactone in their products to cater to the evolving consumer preferences. In the food industry, gluconolactone is extensively used as a preservative and acidulant, ensuring food quality and safety. The growing global population and rapid urbanization have led to an increase in demand for packaged and convenience foods, which in turn, has propelled the gluconolactone market growth.

Similarly, the pharmaceutical industry's expansion, driven by increasing investments in research and development, has positively impacted the gluconolactone market. The compound's application as an excipient in drug formulations is essential for enhancing the stability and bioavailability of active pharmaceutical ingredients (APIs). The cosmetic industry's growth, fuelled by the rising consumer interest in skincare products with natural ingredients and the increasing disposable income, has contributed to the expanding gluconolactone market. As a natural, eco-friendly, and gentle exfoliant, gluconolactone is gaining popularity among consumers seeking alternatives to harsher chemical exfoliants.

Market Segmentation

The market can be divided on the basis of end use and region.

Market Breakup by End Use:

• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Animal Feed
• Others

Market Segmentation by Region:

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the gluconolactone companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Roquette Frères
• Jungbunzlauer Suisse AG
• Fuso Chemical Co., Ltd.
• Shandong Baisheng Biotechnology Co., Ltd.
• Global Calcium Private Limited
• Fengchen Group Co., Ltd
• Others

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organization's future success by acquiring one of our Expert Market Research reports today.

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.