Glucaric Acid Market Size Worth USD 2,151.85 Million By 2032 | CAGR: 9.3%

The global Glucaric Acid market size is expected to reach USD 2,151.85 Million by 2032, according to a new study by Polaris Market Research. The report “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 Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global glutaric acid market is expanding as a result of the growing use of glutaric acid in agriculture and food manufacturing and the production of polymers and other chemicals. The market is expanding because of the growing population and growing health concerns. The market has noticed significant growth due to the growing usage of glucaric acid in the treatment of some illnesses, including cancer. It is a compound with four chiral carbons that is highly functionalized and has a lot of different reaction pathways. The benefits of glutaric acid are becoming more widely known to consumers, and growing health concerns are contributing to the market's expansion. Enhancing lifestyles and rising disposable income, particularly in the Asia-Pacific emerging economies, are other factors propelling the market.

The cost of producing glucaric acid is one of the factors that restrict the glucaric acid market despite the compound's potential applications. The resource-intensive nature of the manufacturing processes, which frequently involve fermentation or chemical synthesis, raises the cost of production. Because of this, glucaric acid may be more expensive than some other conventional alternatives, which could prevent it from being widely used, especially in price-sensitive markets like China and India.  

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/glucaric-acid-market/request-for-sample

Manufacturers are constantly conducting research and development to improve the sustainability and efficiency of the processes used to produce glucaric acid. To increase market reach and serve a variety of applications, companies in the food and beverage, pharmaceutical, and detergent end-user industries frequently form strategic alliances and partnerships. In order to increase their consumer base and fortify their market position, multinational corporations are expanding into new markets in developing nations.

Glucaric Acid Market Report Highlights

• Pure glucaric acid is expected to gain a large market share because of its adaptability and suitability for a range of applications. Pure glucaric acid has therapeutic potential that the pharmaceutical industry is aware of, especially in the treatment and prevention of cancer.
• The detergents segment is anticipated to hold a dominant market share during the forecast period due to the detergent industry's shift towards glucaric acid as a potential replacement for phosphates, which are known to contribute to ecological imbalance and water pollution. This shift is a result of an increasing focus on environmentally friendly alternatives.
• The Asia-Pacific region has emerged as the dominant region in the glucaric acid market, owing to factors that reflect the region's robust industrial activities, expanding consumer markets, and a growing emphasis on sustainable practices.
• The global key market players include Alfa Chemistry, AK Scientific Inc., BASF SE, Bristol-Myers Squibb Company, Carbosynth Limited, Cayman Chemical, Haihang Industry Co., Ltd., Merck, 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, etc.

Polaris Market Research has segmented the Glucaric Acid market report based on type, application, and region:

Glucaric Acid, Type Outlook (Revenue - USD Million, 2019 - 2032)

• Calcium D-Glucarate
• Pure Glucaric Acid
• D-Glucaric Acid-1,4-Lactone
• Potassium Sodium D-Glucarate
• Others

Glucaric Acid, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Detergents
• Healthcare
• Food Manufacturing
• Corrosion Inhibitors
• Others

Glucaric Acid, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Glucaric Acid Market Report Scope