Glucaric Acid Market Share, Size, Trends, & Industry Analysis Report By Type (Calcium D-Glucarate, Pure Glucaric Acid, D-Glucaric Acid-1, 4-Lactone, Potassium Sodium D-Glucarate, Others); By Application; By Region, Segment Forecasts, 2024 - 2032
- Published Date:Jan-2024
- Pages: 119
- Format: PDF
- Report ID: PM1513
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global glucaric acid market was valued at USD 962.60 million in 2023 and is anticipated to grow at a CAGR of 9.4% during the forecast period.
The chemical compound glucaric acid, commonly referred to as saccharic acid, has the formula C6H10O8. It is present in many different fruits and vegetables and belongs to the class of oxidized sugars. It is a highly functionalized molecule with four chiral carbons and several reaction routes. It serves as a building component for a number of polymers, including hyperbranched polyesters and novel nylons. The synthesis of biobased adipic acid, phosphate-free detergents and biodegradable cleaners, and anti-corrosion additives are a few uses for glutaric acid. In addition, it finds application in food ingredients, animal feed, adhesives and coatings, and cement and concrete additives. In addition to its medicinal uses, it inhibits the binding of carcinogens to DNA and lowers cholesterol, making it an effective antitumor agent.
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The global glutaric acid market is expanding as a result of the growing use of glutaric acid in agriculture and food manufacturing and the growing use of glutaric acid in the production of polymers and other chemicals. Also, the market is growing because of the rising population and increasing health concerns. The market has been expanding due to the growing usage of glucaric acid in the treatment of various illnesses, such as cancer. Enhancing lifestyles and rising disposable income, particularly in the Asia-Pacific emerging economies, are other factors propelling the market.
Despite its promising applications, the glucaric acid market faces certain restraining factors, such as the cost associated with the production of glucaric acid. The manufacturing processes, often involving fermentation or chemical synthesis, can be resource-intensive, contributing to elevated production costs. As a result, the price of glucaric acid may be comparatively higher than some conventional alternatives, potentially limiting its widespread adoption, particularly in price-sensitive markets such as India and China.
Industry Dynamics
Growth Drivers
Rising applications of glucaric acid in the food and beverage industry as an additive (acidity stabilizer) drive market growth
The glucaric acid market is experiencing significant growth driven by the rising applications of glucaric acid in the food and beverage industry, particularly as an additive serving the role of an acidity stabilizer. As consumer preferences shift towards clean-label products and manufacturers seek natural alternatives to traditional additives, glucaric acid has emerged as a viable solution.
Also, the food and beverage sector's inclination towards natural and eco-friendly formulations, driven by both regulatory pressures and consumer awareness, positions glucaric acid as a preferred choice for acidity stabilization. It serves as an effective alternative to synthetic stabilizers and preservatives, meeting the industry's requirements for both functionality and sustainability. The versatility of glucaric acid enables its application across a range of food and beverage products, from beverages to processed foods, contributing to its widespread adoption. As the food and beverage industry continues to evolve towards healthier and more sustainable practices, the demand for natural additives like glucaric acid is expected to grow.
Report Segmentation
The market is primarily segmented based on type, application, and region.
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By Type |
By Application |
By Region |
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By Type Analysis
Pure Glucaric Acid is estimated to dominate the market over the forecasted period.
Pure glucaric acid is anticipated to dominate the market in terms of market share owing to several key factors, such as versatility and suitability for various applications. Pure glucaric acid, often obtained through fermentation processes or other advanced manufacturing methods, offers a high level of purity and consistency in its chemical composition. This purity is particularly crucial in industries where precise formulations are essential, such as pharmaceuticals, personal care products, and certain specialized chemical processes.
Also, the demand for pure glucaric acid is strengthened by its effectiveness as a key ingredient in detergents, cleaning agents, and corrosion inhibitors. Its ability to replace traditional chemicals, such as phosphates, in these applications without compromising performance has fueled its adoption in various industrial processes. The pharmaceutical industry also recognizes the therapeutic potential of pure glucaric acid, particularly in cancer treatment and prevention. Its role as a potential anticancer agent, immune system booster, and antioxidant has gained interest in medical research and drug development, further contributing to its dominance in the market.
By Application Analysis
The detergents segment is expected to dominate the market in the forecast period.
The detergents segment is expected to dominate the market in the forecast period because, with a growing emphasis on environmentally friendly alternatives, the detergent industry is turning towards glucaric acid as a promising substitute for phosphates, which are known contributors to water pollution and ecological imbalance. Glucaric acid offers an eco-friendly solution, as it is derived from renewable resources and exhibits biodegradable properties. Its ability to inhibit scale formation and act as a water softener enhances its utility in detergents, providing effective cleaning performance without the environmental drawbacks associated with phosphates.
Regional Insights
Asia-Pacific region dominated the global market in 2023
The Asia-Pacific region has risen as the dominant region in the glucaric acid market, and this is due to factors that reflect the region's robust industrial activities, expanding consumer markets, and a growing emphasis on sustainable practices. The flourishing manufacturing sector in Asia-Pacific, particularly in countries such as China and India, which has significantly increased the demand for specialty chemicals like glucaric acid. These nations, with their large-scale industrial operations, use glucaric acid in various applications, including detergents, cleaning agents, and corrosion inhibitors.
The North American region is on track to emerge as the fastest-growing segment in the glucaric acid market, driven by an increasing focus on eco-friendly practices across various industries. As regulatory bodies tighten restrictions on the use of certain chemicals and encourage the adoption of much-needed alternatives, the demand for biodegradable and environmentally friendly substances like glucaric acid has witnessed a notable uptick.
Key Market Players & Competitive Insights
Companies are engaging in continuous research and development activities to enhance the efficiency and sustainability of glucaric acid production processes. Strategic collaborations and partnerships with end-user industries, including detergent manufacturers, pharmaceutical companies, and food and beverage producers, are common strategies to expand market reach and cater to diverse applications. Global players are entering new markets in developing regions to expand their customer base and strengthen their market presence.
Some of the major players operating in the global glucaric acid market include:
- AK Scientific Inc.
- Alfa Chemistry
- BASF SE
- Bristol-Myers Squibb Company
- Carbosynth Limited
- Cayman Chemical
- Haihang Industry Co., Ltd.
- Merck KGaA
- Novozymes
- Premier Malt Products, Inc.
- Reckitt Benckiser Group plc
- Rennovia Inc, Kalion Inc.
- Rivertop Renewables, Inc.
- Roquette Frères
- Shanghai Meicheng Chemical Co. Ltd.
- Sigma-Aldrich
Recent Developments
- In August 2020, a grant was given to the Massachusetts-based bioengineering firm Kalion Inc. to carry out research and development activities that enhance the biobased production of glucaric acid.
- In August 2020, A chelating agent called zinc gluconate, which is made from gluconic acid, by Gadot Biochemical Industries, an Israeli supplier that specializes in mineral ingredients.
Glucaric Acid Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 1,050.30 million |
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Revenue Forecast in 2032 |
USD 2,151.85 million |
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CAGR |
9.4% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments Covered |
By Type, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements concerning countries, regions, and segmentation. |
Explore the market dynamics of the 2024 Glucaric Acid Market share, size, and revenue growth rate, meticulously examined in the insightful reports crafted by Polaris Market Rersearch Industry Reports. The analysis of Glucaric Acid Market extends to a comprehensive market forecast up to 2032, coupled with a retrospective examination. Avail yourself of a complimentary PDF download to sample this in-depth industry analysis.
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FAQ's
Alfa Chemistry, AK Scientific Inc., BASF SE, Bristol-Myers Squibb Company, Carbosynth Limited are the key companies in Glucaric Acid Market
The global glucaric acid market is anticipated to grow at a CAGR of 9.4% during the forecast period.
The Organic Cereals Market report covering key segments are type, application, and region.
The rising application of Glucaric acid in polymer manufacturing and other chemical production boosts the growth of the market
The global Glucaric Acid market size is expected to reach USD 2,151.85 Million by 2032
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