Global Glucaric Acid Market to Reach US$ 1,836.8 Million by 2032, Propelled by Increasing Environmental Consciousness

November 28, 2022 | Chemical & Materials

IMARC Group’s latest report, titled “Glucaric Acid Market Report by Product (Pure Glucaric Acid, Calcium D-glucarate, Potassium Sodium D-glucarate, D-glucaric Acid-1,4-lactone, and Others), Application (Food Ingredients, Detergents, Corrosion Inhibitors, De-icing Applications, and Others), and Region 2024-2032,” finds that the global glucaric acid market size reached US$ 1,028.1 Million in 2023. Glucaric acid, also known as polyhydroxy dicarboxylic acid, is an aldaric acid that occurs naturally and is derived by oxidizing polysaccharides, or glucose, with nitric acid. It is biodegradable and commonly used to produce bio-based chemicals and other derivatives. It can also be extracted from numerous fruits and vegetables, including apples, grapes, cabbage, broccoli, tomatoes, and bean sprouts. Its consumption reduces the risks of developing cancer by preventing the body from producing beta-glucuronidase. It is widely used in commercial detergents as a chelating agent. As a result, glucaric acid finds extensive applications in the manufacturing of pharmaceuticals, dietary supplements, food and beverages, de-icing agents, corrosion inhibitors, and liquid detergents across the globe. 

Global Glucaric Acid Market Trends:

The increasing environmental consciousness and the rising consumer preferences for sustainable products represent the primary factors driving market growth. Moreover, glucaric acid is a highly effective cleaning agent that absorbs hard water pollutants and prevents them from foaming soap scum. In line with this, the shifting consumer inclination toward liquid detergents for household cleaning, laundry, and dishwashing is positively influencing the market growth. Additionally, the surging adoption of glucaric acid as a substitute for phosphates in detergents is another major growth-inducing factor. Besides this, several key players are using innovative technologies to manufacture glucaric acid from biomass with minimal waste during production and processing. Furthermore, the increasing use of glucaric acid in producing nylon and other polymers is propelling market growth. Apart from this, the rising demand for biodegradable cleaners due to the growing awareness of toxins and non-biodegradable chemicals in phosphate-based cleaning agents has augmented the demand for glucaric acid. Other factors, including the implementation of supportive government policies for environmental protection, inflating consumer disposable incomes, and ongoing product innovations, are also anticipated to create a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 1,836.8 Million by 2032, growing at a CAGR of 6.5% during 2024-2032.

Market Summary:

  • The market has been divided on the basis of the product into pure glucaric acid, calcium D-glucarate, potassium sodium D-glucarate, D-glucaric acid-1,4-lactone, and others. 
  • Based on the application, the market has been segmented into food ingredients, detergents, corrosion inhibitors, de-icing applications, and others. 
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa. 
  • The competitive landscape of the market has also been examined, with some of the key players being AK Scientific Inc., Alfa Chemistry, Carbosynth Ltd, Cayman Chemical Company, CHEMOS GmbH & Co. KG, Kalion Inc., Merck KGaA and The Archer-Daniels-Midland Company.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AK Scientific Inc., Alfa Chemistry, Carbosynth Ltd, Cayman Chemical Company, CHEMOS GmbH & Co. KG, Kalion Inc., Merck KGaA and The Archer-Daniels-Midland Company
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Glucaric Acid Market to Reach US$ 1,836.8 Million by 2032, Propelled by Increasing Environmental Consciousness
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