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Rising demand for biodegradable acid, rising technological innovation, and growing economic biotechnological production process are expanding the global gluconic acid market. Adding to it further, biotech fermentation process has further benefitted manufactures and increased demand in this market. However, high production cost and high capital requirement might restrict the market’s growth in the coming years.
Application of gluconic acid is seen in food and pharmaceutical industry. High use of this acid in manufacturing food and beverages and rising number of shopping center with in built food & beverage kiosks and stalls. This is projected to provide a fillip to the global gluconic acid market.
The global gluconic acid market provides key insights related to the market. It includes all the crucial parameters affecting the growth of the market and provides restraints that might deter market’s growth. Sizes of the individual markets and their growth prospects are presented in the regional analyses section. Key market players and their strategies are also discussed in the report.
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Gluconic Acid Market: Trends and Opportunities
Rising demand for gluconic acid is related to low cost of biotechnological manufacturing process, increasing technological innovation, and growing environmental apprehensions are some of the key factors driving the growth in this market. Moreover, rising application of gluconic acid in pharmaceuticals industry and food and beverages industry is further driving the growth of this market. In the pharmaceuticals industry the demand for gluconic acid is high as it outperforms calcium gluconate. This is mainly because of its application for treating calcium deficiency such as hypocalcemic tetany and hypocalcemia in pregnant women. These factors has grown various growth opportunities for the gluconic acid market.
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Gluconic Acid Market: Geographic Analysis
With respect to geography, the global gluconic acid market covers the Middle East and Africa, Europe, Latin America, North America, and Asia Pacific. Out of these regions, Asia Pacific is expected to dominate the market. Rising customer awareness about unsafe use of chemicals and its effects on health in countries like Japan, India, South Korea and China. Moreover, growing demand for bio ingredients that are used as a protecting agent and food additives to expand the demand for gluconic acid in the region. This is likely to drive the global gluconic acid market in the coming years.
Furthermore, Europe is expected to offer lucrative growth opportunities for the gluconic acid market in the near future. Growing use of these acids for effective production of beverages and rapidly growing beverages industry is likely to benefit market growth.
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Gluconic Acid Market: Competitive Landscape
Some of the key players presented in the global gluconic acid market are Roquette, Evonik, TCI Chemicals, R-biopharm, Merck Millipore, Toronto Chemicals, xzhch, PMP, and Fuso chemical. The information provided in this section will help the key investors and key decision makers to take better and well-informed decision. The leading players use key business development strategies such as mergers and acquisitions, partnership, collaboration, and innovation.
Market segmentation based on geography:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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