According to the report, 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.
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 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 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
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Gluconolactone Market Analysis
8.1 Key Industry Highlights
8.2 Global Gluconolactone Historical Market (2018-2022)
8.3 Global Gluconolactone Market Forecast (2023-2028)
8.4 Global Gluconolactone Market by End Use
8.4.1 Food and Beverages
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cosmetics and Personal Care
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Pharmaceuticals
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Animal Feed
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Gluconolactone Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operations Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Roquette Frères
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Jungbunzlauer Suisse AG
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Fuso Chemical Co., Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Shandong Baisheng Biotechnology Co., Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Global Calcium Private Limited
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Fengchen Group Co., Ltd
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
Companies Mentioned
- Roquette Frères
- Jungbunzlauer Suisse AG
- Fuso Chemical Co., Ltd.
- Shandong Baisheng Biotechnology Co., Ltd.
- Global Calcium Private Limited
- Fengchen Group Co., Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | April 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 562.9 Million |
| Forecasted Market Value ( USD | $ 785.2 Million |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
