Global Gluconates Market, By Gluconate Type (Calcium, Sodium, Potassium, Magnesium, Zinc, Copper and Others), Product Type (Food Grade, Pharmaceutical Grade and Others), Application (Pharmaceuticals, Dietary Supplements, Food and Beverages, Personal Care, Animal Feed and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Gluconates Market
Data Bridge Market Research analyses that the global gluconates market will project a CAGR of 7.00% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, ever-rising population around the globe, rising consumer consciousness towards the nutritional benefits of gluconates, and increasing personal disposable income by the major companies are the major factors attributable to the growth of gluconates market. Therefore, the market value, which was USD 0.43 billion in 2020, would rocket up to 0.73 billion by 2028.
The gluconates are salts of gluconic acid that are easily available in the market. Having a chemical formula of C6H12O7 , gluconic acid is a chemical compound and gluconates are the salts or esters of gluconic acid. Gluconates are used as ingredients in a wide range of applications such as pharmaceuticals, dietary supplements, food and beverages, personal care, animal feed and others. Gluconates exhibit high level of health benefits. Gluconates can be categorised into different categories. Sodium gluconates are used in textile dyeing, printing and metal surface water treatment. Calcium gluconates are over the counter prescriptions that are used to treat the symptoms of hypocalcemia (calcium deficiency).
Rising livestock population and surge in the demand for packaged foods are the major factors fostering the growth of the gluconates market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies, growing usage of gluconates in pharmaceutical and food and beverages products and rising focus of the manufacturers on the launch of new products are other important factors acting as gluconates market growth determinants. Rising expenditure to undertake research and development proficiencies, growth and expansion of animal feed industry in the developing economies, growing demand from construction industry as plasticizer, rising number of fitness enthusiasts will further induce growth in the gluconates market value.
However, large scale availability of substitutes will pose a major challenge to the growth of the gluconates market. High costs associated with the research and development proficiencies and with the manufacturing of sodium gluconate will also hamper the gluconates market growth rate. Improper way of distribution, allergic reactions such as nausea, constipation and vomiting and disruptions in the supply chain management will yet again derail the gluconates market growth rate.
This gluconates market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on gluconates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Gluconates Market Scope and Market Size
The gluconates market is segmented on the basis of gluconate type, product type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of gluconate type, the global gluconates market is segmented into calcium, sodium, potassium, magnesium, zinc, copper and others.
- On the basis of product type, the gluconates market is segmented into food grade, pharmaceutical grade and others.
- On the basis of the application, the gluconates market is segmented into pharmaceuticals, dietary supplements, food and beverages, personal care, animal feed and others.
Gluconates Market Country Level Analysis
The gluconates market is analyses and market size, volume information is provided by country, gluconate type, product type and application as referenced above.
The countries covered in the gluconates market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America region dominates the gluconates market and will continue to during the forecast period owing to the strong presence of farming and livestock businesses in this region and increasing demand from the construction industry. Asia-Pacific is set to undergo substantial gains and score the highest CAGR for this period owing to the growth and expansion of animal feed industry and increasing personal disposable income.
The country section of the gluconates market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Gluconates Market Share Analysis
The gluconates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gluconates market.
The major players covered in the gluconates market report are Akzo Nobel N.V., Spectrum Chemical Manufacturing Corp., Alfa Aesar, Noah Chemicals, Abbott, Novartis AG, GlaxoSmithKline plc, Novotech Nutraceuticals, Inc., Roquette Frères, PMP Fermentation Products, Inc., Boehringer Ingelheim International GmbH, XIWANG GROUP., Teva Pharmaceutical Industries Ltd., Pfizer Inc., Glucona America, Inc., Thermo Fisher Scientific, Merck and Co., Inc., F. Hoffmann-La Roche Ltd,, ACURO ORGANICS LIMITED, Paari Chem Resources, Innova Corporate, Shraddha Associates, and Yingfengyuan Industrial Group Limited among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-