Jungbunzlauer Suisse AG, Fuso Chemical Co., Ltd., Shandong Baisheng Biotechnology Co., Ltd., Global Calcium Private Limited, Fengchen Group Co., Ltd, and Roquette Frères, among others, are the major players in the global gluconolactone market.
The global gluconolactone market is expected to grow at a CAGR of about 7% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the rising demand for processed & packaged food products and functional beverages.
Gluconolactone acts as an antioxidant and protects the skin from some of the damaging effects of UV rays due to its free radical scavenging properties. IT is a polyhydroxy acid (PHA) that works by exfoliating dead skin cells on the surface and provides better surface penetration.
Expanding research and development activities are expected to boost the product's applications in the food industry. Rising consumer health awareness is fuelling the demand for natural food and cosmetics. Since gluconolactone can also be obtained from natural sources, it is expected to become more widely used in the future. During the forecast period, the increase in the pharmaceuticals sector due to the COVID-19 pandemic is expected to create more opportunities for the industry. The pandemic's adverse effect on the cosmetics and food and beverage industry, on the other hand, is predicted to have a significant impact on market growth over the forecast period.
The cosmetics and personal care industry is one of the biggest consumers of gluconolactone, in terms of end-use. The demand for cosmetics and personal care products has increased as people have become more conscious of their appearance and hygiene, helping the gluconolactone industry grow. Another important end-use sector for the product is the food and beverage sector. The North American region dominates the global gluconolactone market. The increased consumption of cosmetics and processed food in the region is driving the demand for the product. The Asia Pacific region is expected to grow strongly over the forecast period, owing to rising consumer purchasing power.
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Jungbunzlauer is one of the world's leading manufacturers of biodegradable ingredients of natural origin. The company offers various natural ingredients for food and beverages, personal care, healthcare, cleaners and detergents, and various other industrial applications. It specialises in biodegradable ingredients, gluconic acid, gluconolactone, special salts, zinc citrate, and potassium gluconate, among others.
Fuso Chemical Co., Ltd. is a global manufacturer and distributor of life science, electronic material, and functional chemical products. Malic acid and derivatives, citric acid and derivatives, lactic acid and derivatives, gluconic acid and derivatives, ascorbic and isoascorbic acids, amino acid and derivatives, water-soluble rustproof agents, water-soluble grinding and cutting fluids are among the company's life science products.
Shandong Baisheng Biotechnology Co., Ltd. is a packaged food manufacturer and distributor. Shandong Baisheng Biotechnology sells its products primarily in China, with limited international sales. Products offered by the company include sodium gluconate, sodium erythorbate, L-lactic acid, glucono-delta-lactone, and gluconic acid, among others. These products are used in the construction, water treatment, detergent, and textile industries.
Global Calcium Private Limited is a pharmaceutical company and is one of the fastest-growing manufacturers of Active Pharmaceutical Ingredients (APIs), and mineral actives in multi therapeutic segments like antipsychotic, antifungals, antidepressants, antihypertensives, anticonvulsants, antispasmodics, antiliepileptics, antiemetic, antiinflammatory, antiglaucoma, antibacterial, hematinic etc. India's commercial, pharmaceutical, nutraceutical, and cosmeceutical markets are all served by Global Calcium. Global Calcium has a strong management team that comprises industry experts, technocrats, entrepreneurs, and business experts.
Roquette is a family-owned company based in France that manufactures over 650 by-products from corn, wheat, potatoes, and peas starch. Roquette is a global leader in plant-based ingredients, a plant protein pioneer, and a leading supplier of pharmaceutical excipients. The company employs 8,360 people worldwide and operates in over 100 countries. It has a turnover of around 3.5 billion euros. The company specialises in food nutrition health, plant-based chemistry, animal nutrition, and performance plastics, among others.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.