DUBLIN--(BUSINESS WIRE)--The "Global Gluconic Acid and Its Derivatives Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The gluconic acid and its derivatives market will grow at a CAGR of more than 5% during the forecast period.
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. 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 use 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.
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.
- Evonik Industries
- Fuso Chemical
- Shandong Fuyang Biotechnology
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Product
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
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