Global Gluconolactone Market: By Source: Synthetic, Natural; By End Use: Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Animal Feed, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Ana

Global Gluconolactone Market: By Source: Synthetic, Natural; By End Use: Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Animal Feed, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Growing Demand for Cosmetics and Personal Care Products to Boost the Industry Growth

Based on end use, the cosmetics and personal care industry is one of the leading consumers of gluconolactone. With the growing focus on appearance and hygiene, the demand for cosmetics and personal care products has increased, which is positively impacting the growth of the gluconolactone industry. Owing to its properties like free radicals scavenging, gluconolactone acts as an antioxidant and protects the skin from some of the damaging effects of UV rays. Gluconolactone is one of the most common polyhydroxy acids (PHAs) that works by exfoliating dead skin cells on the surface and provides enhanced surface penetration. PHA, being a gentler ingredient, is ideal for all skin types and is a better alternative over AHA- or BHA-based products, especially for people with sensitive skin type. The food and beverage sector is the other significant end-use sector for the product.

The global market for gluconolactone is dominated by the North America region. The demand is growing in the region due to the increased consumption of cosmetic products and processed food. The Asia Pacific is expected to witness a robust growth over the forecast period owing to the increasing purchasing power of the consumers.

Gluconolactone: Market Segmentation

Gluconolactone, also known as glucono delta-lactone (GDL), is a naturally occurring polyhydroxy acid (PHA), found as a white, odourless crystalline powder in its pure form. It is known for its metal chelating, moisturising, and antioxidant properties. It can also be obtained through the enzymatic oxidation of D-glucose oxidation. It is widely used in the preparation of cosmetic and food products and has been marketed for use in feta cheese.

The major sources of the product include:
Synthetic
Natural
Based on end use, the industry can be segmented into:

Food and Beverages
Cosmetics and Personal Care
Pharmaceuticals
Animal Feed
Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Gluconolactone Market by Region

Thriving Food and Beverages Industry to Boost the Demand for GluconolactoneThe growing demand for processed and packaged food products and functional beverages is expected to drive the demand for gluconolactone for various applications in the food and beverages industry. Further, the growing R&D activities are expected to expand the applications of the product in the food industry. Moreover, the growing health awareness among consumers is driving then demand for food and cosmetic products with natural ingredients. As gluconolactone can also be obtained from the natural source, its adoption is expected to increase in the future. The surge in the pharmaceuticals sector amidst the COVID-19 pandemic is expected to provide enhanced opportunities for the expansion of the industry in the forecast period. However, the adverse impact of the pandemic on the cosmetics and food and beverage industry across the globe is expected to have a significant impact on the market growth over the forecast period.

Key Industry Players in the Global Gluconolactone Market

The report gives a detailed analysis of the following key players in the global gluconolactone market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

Roquette Frères
Jungbunzlauer Suisse AG
Fuso Chemical Co., Ltd.
Shandong Baisheng Biotechnology Co., Ltd.
Global Calcium Private Limited
Fengchen Group Co., Ltd
Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.