Global Glucaric Acid Market to Reach USD 2,151.85 Million by 2032, Growing at a CAGR of 9.3%

 Market Overview:

The global Glucaric Acid market size is expected to reach USD 2,151.85 Million by 2032, anticipated to grow at a CAGR of 9.4% during the forecast period.

The global glucaric acid market is witnessing steady growth, driven by its potential to replace conventional chemicals in a wide range of applications. As a biodegradable and non-toxic compound, glucaric acid is becoming a preferred ingredient in various sectors, including the food, pharmaceuticals, and cleaning industries.

Key Market Drivers:

• Rising Demand for Sustainable Chemicals: As industries move toward sustainability, there is a growing preference for biodegradable and non-toxic chemicals, driving the demand for glucaric acid as an alternative to petroleum-based products.
• Advancements in Biotechnological Production: The development of biotechnological processes for the production of glucaric acid from renewable resources, such as corn, sugarcane, and plant-based materials, is making it more commercially viable.
• Government Regulations and Environmental Concerns: Increasing regulatory pressure and environmental awareness around the use of hazardous chemicals are fueling the demand for green chemicals like glucaric acid, which can replace toxic substances in various applications.

 Challenges:

• Production Costs: The manufacturing processes, often involving fermentation or chemical synthesis, can be resource-intensive, contributing to elevated production costs.
• Regulatory Compliance: Adhering to stringent environmental and safety regulations can increase operational complexities and costs for manufacturers.
• Market Competition: The presence of established chemical alternatives and the need for continuous innovation pose competitive pressures on the glucaric acid market.

 Future Outlook:

The outlook for the glucaric acid market remains positive, with continued growth expected in key sectors such as food and beverages, personal care, and pharmaceuticals. Advancements in production technologies and the growing preference for natural and sustainable ingredients are anticipated to further drive demand. As industries increasingly focus on environmental impact and consumer health, the adoption of glucaric acid is likely to expand, presenting opportunities for innovation and market diversification.

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Key Companies in Glucaric Acid Market:

• 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

 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

This section of the research report provides an analysis of the geographic landscape of the Glucaric Acid Market. It covers several aspects like industry share, gross margin and growth rate for all the major regions of the industry. By going through the regional analysis section, businesses can better understand the needs and wants of their target market. Also, it enables companies to make informed decisions about the products or services they’re providing. Furthermore, the research report provides an in-depth analysis of all the major sub-regions for a comprehensive understanding of the market.

Glucaric Acid Market, Regional Outlook (Revenue – USD Billion, 2019-2032)

• North America
  • Type Outlook
    • Calcium D-Glucarate
    • Pure Glucaric Acid
    • D-Glucaric Acid-1,4-Lactone
    • Potassium Sodium D-Glucarate
    • Others
  • Application Outlook
    • Detergents
    • Healthcare
    • Food Manufacturing
    • Corrosion Inhibitors
    • Others
• Europe
  • Type Outlook
    • Calcium D-Glucarate
    • Pure Glucaric Acid
    • D-Glucaric Acid-1,4-Lactone
    • Potassium Sodium D-Glucarate
    • Others
  • Application Outlook
    • Detergents
    • Healthcare
    • Food Manufacturing
    • Corrosion Inhibitors
    • Others
• Asia Pacific
  • Type Outlook
    • Calcium D-Glucarate
    • Pure Glucaric Acid
    • D-Glucaric Acid-1,4-Lactone
    • Potassium Sodium D-Glucarate
    • Others

 Glucaric Acid Market 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.

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.