Market Trends of Gluconic Acid and Derivatives Industry
This section covers the major market trends shaping the Gluconic Acid & Derivative Market according to our research experts:
Food and Beverage Application is the Fastest Growing Segment
The role of gluconic acids and their derivatives as potent taste improvers, in the major regions, like Asia-Pacific, across the world provide significant opportunities to the new market players for expansion in tools and technological profiles, in order to cater to the ever-increasing demand for gluconic acid and their derivatives in multiple end-user industries. The specific category of gluconic acid derivatives, like sodium gluconate, is used in the food and beverage industry owing to its property of reducing the bitterness of high-intensity sweeteners, like stevia.
Asia-Pacific Continues to Dominate the Global Market
Asia-Pacific is projected to be the fastest-growing region, owing to rising government spending on infrastructure development. Increasing the application of gluconic acid in food products is fueling the demand for gluconic acid in the region. The region is a major exporter of gluconic acid. The market is highly competitive in this region, owing to the presence of a large number of regional manufacturers. Nevertheless, the major players from this region are targeting established brands in mature markets, due to their consistent performance and safety of their product offerings. Japan and China are the major markets in the region, as well as from a global perspective, due to their high exports and production. India is the major importer of gluconic acid in the region, mainly from China.
