IMARC Group’s latest report, titled “Glucaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global glucaric acid market size reached US$ 886 Million in 2021. 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$ 1,482 Million by 2027, growing at a CAGR of 8.87% during 2022-2027.
- 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.
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