Global Gluconolactone Market to Grow at a CAGR of 7% During 2021-2026, Aided by the Growing Demand from Various End Use Sectors

Gluconolactone is widely used as a food acid, which provides benefits like smooth pH development and neutral taste, thus, becoming a preferred additive for various foods like bread, mozzarella, meat, tofu, and others. It can be used in varied oral dosage forms in both pharmaceuticals and nutraceuticals to prepare swallowable tablets, blends, granules, and others. Gluconolactone is the neutral inner ester of gluconic acid.

The growing demand for plant based ingredients in food as well as the cosmetic industry is driving the demand for naturally sourced gluconolactone. Beauté by Roquette® GA 290 is the gluconolactone especially formulated for use in cosmetics and personal care products. The origin of the product is corn starch and it is biodegradable in nature. It is a multifunctional ingredient that can be used in skin care, hair care, fragrance, hygiene and body wash, oral care, and in colour cosmetic applications. It serves as a preservative booster, anti-acne agent, pH regulator, and bacteriostatic agent. It also refines the texture of the skin and acts as an anti-ageing agent by reducing wrinkles. Further, the easy availability of these end-use products through retail platforms like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to boost the sales of the product in the coming years.

The growing penetration of the major industry players in the developing nations is also aiding the industry growth. In October 2020, Jungbunzlauer Inc announced the opening of its new headquarter in North America, which is the second new North American facility opened by the company in under three years, to serve its customers in the US and Canada. This shows the increase in product demand in these nations, which will aid the overall market growth in the coming years.

Market Breakup by Source, End Use, and Region:

• On the basis of source, the industry can be bifurcated into synthetic and natural source.
• Based on end use, the industry is divided into food and beverages, cosmetic and personal care industry, pharmaceuticals, and animal feed, among others. 
• Region-wise, the global market for gluconolactone can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The industry is being driven by the growing applications of the product in the cosmetic and personal care sector.
• The growing food and beverage industry and the advancements in food processing technology are further propelling the market growth.
• The industry will receive further impetus with the growing awareness regarding health and the rising demand for natural products.
• The rising disposable incomes and improving standards of living, particularly in emerging nations, are accelerating the growth of the industry.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for gluconolactone for the periods (2016-2020) and (2021-2026).
• The report also offers historical (2016-2020) and forecast (2021-2026) market information for the sources, end uses, and regional markets of gluconolactone.
• The report also gives the regional historical (2016-2020) and forecast (2021-2026) price trends of the product.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global gluconolactone market are Roquette Frères, Jungbunzlauer Suisse AG, Fuso Chemical Co., Ltd., Shandong Baisheng Biotechnology Co., Ltd., Global Calcium Private Limited, and Fengchen Group Co., Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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