Sodium Salt of Gluconic Acid Market Size, Trends, SWOT, PEST, Porter’s Analysis, For 2021–2028

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The global Gluconic Acid and Derivatives market size is expected to reach USD 1.8 billion in 2028 and register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data

The global Sodium Salt of Gluconic Acid market size is expected to reach USD 1.8 billion in 2028 and register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data. Among the key factors driving market revenue growth are increasing applications of Sodium Salt of Gluconic Acid in the food beverage, personal care, pharmaceutical, and agriculture industries. Sodium Salt of Gluconic Acid is a non-toxic, non-corrosive organic acid with high solubility in water and a mild and refreshing taste. The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry. The report discusses in detail the key factors expected to drive and restrain market growth over the forecast period. Each chapter of the report has been formulated through extensive primary and secondary research to offer valuable and actionable insights into the global Sodium Salt of Gluconic Acid market.

Among the key factors driving market revenue growth are increasing applications of Sodium Salt of Gluconic Acid in the food beverage, personal care, pharmaceutical, and agriculture industries. Sodium Salt of Gluconic Acid is a non-toxic, non-corrosive organic acid with high solubility in water and a mild and refreshing taste. It has higher pH levels compared to other commonly used chelators. Sodium Salt of Gluconic Acid is chemically produced through the oxidization of glucose, however, the substance is also naturally present in honey, wine, and various fruits. In the food beverage industry, Sodium Salt of Gluconic Acid is used in a wide range of meat and dairy products as a food additive and flavoring agent. It is widely used in bakery products such as cakes and doughnuts as a leavening agent. Increasing use of the acid in personal care products including skin cleansers, mouthwashes, and shampoos is another key factor driving the global market growth. Sodium Salt of Gluconic Acid promotes the exfoliation of dead cells and aids in cell renewal, and it offers antioxidant and restorative capabilities. Other important applications of Sodium Salt of Gluconic Acid include printing, textile dyeing, metal surface water treatment, house cleaning products, and numerous others.

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Market Overview:

The chemicals and materials industry produces a massive variety of products consumed by people across the world on a daily basis. While several products, namely detergents, perfumes, soaps, and others are bought directly by the consumers, the others are used as ingredients to make numerous products. For instance, in Europe, nearly 70% of the chemicals that are manufactured are used to make other products. The industry uses a wide range of raw materials ranging from oil, minerals, air, and others. With growing competition among industry players, innovation remains vital in discovering new paths to meet the needs of sophisticated, demanding, and environmentally conscious consumers. 

The competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries, which will foster market size in the coming years.

Competitive Landscape:

Industry players in the Sodium Salt of Gluconic Acid market are adopting the strategy of forwarding integration to cater to increasing product demand and to enhance their footprint in the global market.

This market report provides details of new recent developments, import-export analysis, trade regulations, production analysis, value chain optimization, market share, analyses opportunities in terms of emerging revenue pockets, the impact of domestic and localized market players, changes in the market, trends, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.

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Regional Outlook:

North America is expected to dominate the global materials and chemicals market landscape during the forecast period owing to the strong presence of prominent industry players in this region. 

APAC is projected to be the fastest-growing Sodium Salt of Gluconic Acid market globally. The increasing manufacturing and export over the past years have led several global leading companies to not only make huge investments in the region’s chemical sector but also set up their own manufacturing sites to increase their presence in this emerging market.

Top companies operating in the market and profiled in the report include:

PMP Fermentation Products, Shandong Xinhong Pharmaceutical Industry Limited Company, Xingzhou Medicine Food, Kaison Biochemical, Roquette, Shandong Fuyang Biotechnology, Ferro Chem Industries, Tianyi Food Additives, Shandong Xiwang Sugar Industry Co., Jungbunzlauer, Ruibang Laboratories, and Gress Chemicals

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Sodium Salt of Gluconic Acid Market Segmentation:

The report segments the Sodium Salt of Gluconic Acid markets on the basis of product types, end-use industries, technology, and region.

Type Outlook (Revenue, USD Billion; 2018-2028)

Glu Sodium Salt of Gluconic Acid

Glucono Delta Lactone

Sodium Salt of Sodium Salt of Gluconic Acid

Calcium Salt of Sodium Salt of Gluconic Acid

Others

Application Outlook (Revenue, USD Billion; 2018-2028)

Food Beverage

Pharmaceuticals

Chemicals

Agriculture

Others

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