The glucaric acid market size has grown strongly in recent years. It will grow from $0.98 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The expansion observed in the historical period can be attributed to several factors. These include the demand from the pharmaceutical industry, adoption of glucaric acid as a food additive, increasing environmental awareness, government regulations regarding its usage, ongoing research and development innovations, the rising demand for sustainable chemicals, applications in industrial cleaning, and the demand for glucaric acid in personal care products.
The glucaric acid market size is expected to see strong growth in the next few years. It will grow to $1.5 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period can be attributed to several key factors. These include an increased focus on green chemistry practices, integration of bio-based polymers, capacity expansion initiatives, diversification within the agriculture and textiles sectors, and a heightened adoption of green packaging solutions. Major trends expected during this period encompass the utilization of glucaric acid in green packaging solutions, exploration of bio-based materials, integration of sustainable polymers, applications of renewable energy, adoption of biotechnological production methods, development of eco-friendly construction materials, and collaborative efforts towards innovation within the industry.
The glucaric acid market is poised for growth, driven by the increasing demand for eco-friendly and bio-based chemicals. Eco-friendly and bio-based chemicals are derived from renewable resources using environmentally friendly processes, reflecting a growing concern for sustainability and reduced reliance on fossil fuels. This demand surge is propelled by environmental awareness and regulatory pressures aimed at curbing carbon footprints and pollution. Glucaric acid, serving as a biodegradable alternative, finds application in various eco-friendly and bio-based chemical products such as detergents, corrosion inhibitors, and food additives. For example, the International Energy Agency reported a substantial increase in demand for vegetable oils, waste, and residue oils and fats, indicating a shift towards biofuel production from 2022 to 2027. This rising demand for eco-friendly chemicals is expected to boost the glucaric acid market.
Key players in the glucaric acid market are prioritizing innovation in production processes, particularly in full-scale glucaric acid fermentation, to offer cost-effective, high-purity, and environmentally friendly alternatives for industrial applications. This fermentation process involves the use of microorganisms to convert glucose-containing raw materials into glucaric acid. For instance, Kalion Inc. achieved a significant milestone by completing its first commercialization of glucaric acid through custom manufacturing at Evonik in Europe. Their product, KSPG40 glucaric acid, serves as a potent corrosion inhibitor, surpassing phosphates in water treatment. Additionally, Kalion provides high-purity calcium glucarate to the pharmaceutical market, offering reduced residue on ignition (ROI) compared to alternatives.
In January 2024, Chr Hansen Holding A/S and Novozymes A/S merged to establish Novonesis as a leading bio solutions partner. This strategic move aims to leverage combined expertise and resources to address global challenges and promote sustainability across various industries, including the production of glucaric acid. Novozymes A/S, a Denmark-based biotechnology company, contributes to the glucaric acid market with its range of bio-based products.
Major companies operating in the glucaric acid market are The Archer Daniels Midland Company, BASF SE, LyondellBasell Industries, Merck KGaA, Koninklijke DSM N.V, Sinochem Group, Roquette Frères SA, Novozymes A/S, Jungbunzlauer Suisse AG, Toronto Research Chemicals Inc, Codexis Inc., Cayman Chemical Company, Tokyo Chemical Industry Co. Ltd, Biosynth Ltd, Chemrez Technologies Inc, Parchem Fine & Specialty Chemicals, Santa Cruz Biotechnology Inc, Rennovia Inc, Alfa Chemistry, Rivertop Renewables, Haihang Industry Co Ltd, CHEMOS GmbH & Co KG, AK Scientific Inc, Kalion Inc, PMP Inc, Shandong Baovi Energy Technology Co Ltd, Otto Chemie Pvt Ltd, Glentham Life Sciences Limited.
North America was the largest region in the glucaric acid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glucaric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the glucaric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Glucaric acid, also known as saccharic acid, is a chemical compound derived from the oxidation of glucose. It occurs naturally in small quantities in various fruits and vegetables, including oranges, apples, and broccoli.
The primary types of glucaric acid comprise calcium D-glucarate, pure glucaric acid, D-glucaric acid-1,4-lactone, potassium sodium D-glucarate, and others. Calcium D-glucarate is a combination of glucaric acid and calcium, which aids in detoxification by inhibiting beta-glucuronidase. These compounds find applications across diverse sectors such as detergents, healthcare, food manufacturing, corrosion inhibitors, among others. Sales channels are typically categorized into direct sales and indirect sales.
The glucaric acid market research report is one of a series of new reports that provides glucaric acid market statistics, including glucaric acid industry global market size, regional shares, competitors with an glucaric acid market share, detailed glucaric acid market segments, market trends and opportunities, and any further data you may need to thrive in the glucaric acid industry. This glucaric acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The glucaric acid market consists of sales of L-glucaric acid, meso-glucaric acid, and glucaric acid dimers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The glucaric acid market size is expected to see strong growth in the next few years. It will grow to $1.5 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period can be attributed to several key factors. These include an increased focus on green chemistry practices, integration of bio-based polymers, capacity expansion initiatives, diversification within the agriculture and textiles sectors, and a heightened adoption of green packaging solutions. Major trends expected during this period encompass the utilization of glucaric acid in green packaging solutions, exploration of bio-based materials, integration of sustainable polymers, applications of renewable energy, adoption of biotechnological production methods, development of eco-friendly construction materials, and collaborative efforts towards innovation within the industry.
The glucaric acid market is poised for growth, driven by the increasing demand for eco-friendly and bio-based chemicals. Eco-friendly and bio-based chemicals are derived from renewable resources using environmentally friendly processes, reflecting a growing concern for sustainability and reduced reliance on fossil fuels. This demand surge is propelled by environmental awareness and regulatory pressures aimed at curbing carbon footprints and pollution. Glucaric acid, serving as a biodegradable alternative, finds application in various eco-friendly and bio-based chemical products such as detergents, corrosion inhibitors, and food additives. For example, the International Energy Agency reported a substantial increase in demand for vegetable oils, waste, and residue oils and fats, indicating a shift towards biofuel production from 2022 to 2027. This rising demand for eco-friendly chemicals is expected to boost the glucaric acid market.
Key players in the glucaric acid market are prioritizing innovation in production processes, particularly in full-scale glucaric acid fermentation, to offer cost-effective, high-purity, and environmentally friendly alternatives for industrial applications. This fermentation process involves the use of microorganisms to convert glucose-containing raw materials into glucaric acid. For instance, Kalion Inc. achieved a significant milestone by completing its first commercialization of glucaric acid through custom manufacturing at Evonik in Europe. Their product, KSPG40 glucaric acid, serves as a potent corrosion inhibitor, surpassing phosphates in water treatment. Additionally, Kalion provides high-purity calcium glucarate to the pharmaceutical market, offering reduced residue on ignition (ROI) compared to alternatives.
In January 2024, Chr Hansen Holding A/S and Novozymes A/S merged to establish Novonesis as a leading bio solutions partner. This strategic move aims to leverage combined expertise and resources to address global challenges and promote sustainability across various industries, including the production of glucaric acid. Novozymes A/S, a Denmark-based biotechnology company, contributes to the glucaric acid market with its range of bio-based products.
Major companies operating in the glucaric acid market are The Archer Daniels Midland Company, BASF SE, LyondellBasell Industries, Merck KGaA, Koninklijke DSM N.V, Sinochem Group, Roquette Frères SA, Novozymes A/S, Jungbunzlauer Suisse AG, Toronto Research Chemicals Inc, Codexis Inc., Cayman Chemical Company, Tokyo Chemical Industry Co. Ltd, Biosynth Ltd, Chemrez Technologies Inc, Parchem Fine & Specialty Chemicals, Santa Cruz Biotechnology Inc, Rennovia Inc, Alfa Chemistry, Rivertop Renewables, Haihang Industry Co Ltd, CHEMOS GmbH & Co KG, AK Scientific Inc, Kalion Inc, PMP Inc, Shandong Baovi Energy Technology Co Ltd, Otto Chemie Pvt Ltd, Glentham Life Sciences Limited.
North America was the largest region in the glucaric acid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glucaric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the glucaric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Glucaric acid, also known as saccharic acid, is a chemical compound derived from the oxidation of glucose. It occurs naturally in small quantities in various fruits and vegetables, including oranges, apples, and broccoli.
The primary types of glucaric acid comprise calcium D-glucarate, pure glucaric acid, D-glucaric acid-1,4-lactone, potassium sodium D-glucarate, and others. Calcium D-glucarate is a combination of glucaric acid and calcium, which aids in detoxification by inhibiting beta-glucuronidase. These compounds find applications across diverse sectors such as detergents, healthcare, food manufacturing, corrosion inhibitors, among others. Sales channels are typically categorized into direct sales and indirect sales.
The glucaric acid market research report is one of a series of new reports that provides glucaric acid market statistics, including glucaric acid industry global market size, regional shares, competitors with an glucaric acid market share, detailed glucaric acid market segments, market trends and opportunities, and any further data you may need to thrive in the glucaric acid industry. This glucaric acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The glucaric acid market consists of sales of L-glucaric acid, meso-glucaric acid, and glucaric acid dimers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Glucaric Acid Market Characteristics3. Glucaric Acid Market Trends and Strategies32. Global Glucaric Acid Market Competitive Benchmarking33. Global Glucaric Acid Market Competitive Dashboard34. Key Mergers and Acquisitions in the Glucaric Acid Market
4. Glucaric Acid Market - Macro Economic Scenario
5. Global Glucaric Acid Market Size and Growth
6. Glucaric Acid Market Segmentation
7. Glucaric Acid Market Regional and Country Analysis
8. Asia-Pacific Glucaric Acid Market
9. China Glucaric Acid Market
10. India Glucaric Acid Market
11. Japan Glucaric Acid Market
12. Australia Glucaric Acid Market
13. Indonesia Glucaric Acid Market
14. South Korea Glucaric Acid Market
15. Western Europe Glucaric Acid Market
16. UK Glucaric Acid Market
17. Germany Glucaric Acid Market
18. France Glucaric Acid Market
19. Italy Glucaric Acid Market
20. Spain Glucaric Acid Market
21. Eastern Europe Glucaric Acid Market
22. Russia Glucaric Acid Market
23. North America Glucaric Acid Market
24. USA Glucaric Acid Market
25. Canada Glucaric Acid Market
26. South America Glucaric Acid Market
27. Brazil Glucaric Acid Market
28. Middle East Glucaric Acid Market
29. Africa Glucaric Acid Market
30. Glucaric Acid Market Competitive Landscape and Company Profiles
31. Glucaric Acid Market Other Major and Innovative Companies
35. Glucaric Acid Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Glucaric Acid Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on glucaric acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for glucaric acid? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The glucaric acid market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Calcium D-Glucarate; Pure Glucaric Acid; D-Glucaric Acid-1,4-Lactone; Potassium Sodium D-Glucarate; Other Types2) By Application: Detergents; Healthcare; Food Manufacturing; Corrosion Inhibitors; Other Applications
3) By Sales Channel: Direct Sale; Indirect Sale
Key Companies Mentioned: The Archer Daniels Midland Company; BASF SE; LyondellBasell Industries; Merck KGaA; Koninklijke DSM N.V
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- The Archer Daniels Midland Company
- BASF SE
- LyondellBasell Industries
- Merck KGaA
- Koninklijke DSM N.V
- Sinochem Group
- Roquette Frères SA
- Novozymes A/S
- Jungbunzlauer Suisse AG
- Toronto Research Chemicals Inc
- Codexis Inc.
- Cayman Chemical Company
- Tokyo Chemical Industry Co. Ltd
- Biosynth Ltd
- Chemrez Technologies Inc
- Parchem Fine & Specialty Chemicals
- Santa Cruz Biotechnology Inc
- Rennovia Inc
- Alfa Chemistry
- Rivertop Renewables
- Haihang Industry Co Ltd
- CHEMOS GmbH & Co KG
- AK Scientific Inc
- Kalion Inc
- PMP Inc
- Shandong Baovi Energy Technology Co Ltd
- Otto Chemie Pvt Ltd
- Glentham Life Sciences Limited
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.06 Billion |
Forecasted Market Value ( USD | $ 1.5 Billion |
Compound Annual Growth Rate | 9.1% |
Regions Covered | Global |
No. of Companies Mentioned | 28 |