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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Glucaric Acid Market Outlook
The global glucaric acid market attained a value of about USD 1.2 billion in 2023. The market is further expected to grow at a CAGR of 10.0% during the forecast period of 2024-2032 to reach nearly USD 2.8 billion by 2032.
| Global Glucaric Acid Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 1.2 |
| Market Size 2032 | USD Million | 2.8 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 10.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 11.5% |
| CAGR 2024-2032 - Market by Country | India | 12.8% |
| CAGR 2024-2032 - Market by Country | Brazil | 11.7% |
| CAGR 2024-2032 - Market by Product | Pure Glucaric Acid | 11.0% |
| CAGR 2024-2032 - Market by End Use | Food Ingredients | 11.1% |
| Market Share by Country 2023 | France | 3.7% |
Rising Demand for Environment-Friendly Cleaning Agents is Bolstering the Market Growth of Glucaric Acid
The market for glucaric acid is being driven by the rising demand for the product in the application of detergents so as to curb the presence of magnesium and calcium in hard water, thereby preventing its accumulation. In addition, glucaric acid is widely used as an alternative to phosphate in cleaning agents, owing to the rising awareness regarding the presence of toxins and potential threats of non-biodegradable chemicals in phosphate-based cleaning agents. This has accelerated the market growth for glucaric acid as people are gradually shifting towards the use of biodegradable products. Growing and varied use of glucaric acid as a cleaning agent in liquid laundry detergents, dishwasher detergents, and household cleaning is augmenting the market growth. Furthermore, since glucaric acid is derived from oxidised sugar, it is considered an environment-friendly, renewable, and sustainable material, owing to which the market demand for glucaric acid is robustly driving the market growth. Moreover, as glucaric acid is produced through a single-step process, the large-scale and cost-effective production of glucaric acid is significantly driving the market growth.
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Glucaric Acid: Market Segmentation
Glucaric acid is a chemical compound formed by the resulting chemical reaction between nitric acid and sugar oxidation. It has been claimed by the United States Department of Energy (DOE) as a leading chemical product. As it is produced from oxidised sugar, glucaric acid is used as a green agent in various applications, including food ingredients and for industrial use.
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| CAGR 2024-2032 - Market by | Product |
| Pure Glucaric Acid | 11.0% |
| Calcium D-glucarate | 10.3% |
| Potassium Sodium D-glucarate | XX% |
| D-glucaric Acid-1,4-lactone | XX% |
| Others | XX% |
On the basis of product, the market can be segmented into:
- Pure Glucaric Acid
- Calcium D-glucarate
- Potassium Sodium D-glucarate
- D-Glucaric Acid-1,4-lactone
- Others
| CAGR 2024-2032 - Market by | End Use |
| Food Ingredients | 11.1% |
| Detergents | 10.6% |
| Corrosion Inhibitors | XX% |
| De-icing Chemicals | XX% |
| Others | XX% |
Based on application, the market can be categorised into:
- Food ingredients
- Detergents
- Corrosion Inhibitors
- De-icing Chemicals
- Others
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 11.5% |
| Middle East and Africa | 10.8% |
| Latin America | 10.4% |
| North America | 9.8% |
| Europe | 9.2% |
| CAGR 2024-2032 - Market by | Country |
| India | 12.8% |
| Brazil | 11.7% |
| China | 11.4% |
| USA | 9.7% |
| Germany | 8.8% |
| Canada | XX% |
| UK | XX% |
| France | 8.4% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Mexico | XX% |
| 2023 Market Share by | Country |
| France | 3.7% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
The EMR report looks into the regional markets of glucaric acid like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Growing Awareness Regarding the Health Benefits of Glucaric Acid to Provide Impetus to the Market
The market growth of glucaric acid can be attributed to the health benefits associated with its consumption. The growing use of glucaric acid in food ingredients as a health supplement to optimise the levels of vitamins and minerals in the body, along with improving body metabolism, is propelling the industry growth. Further, the calcium D-glucarate is a salt made from calcium and glucaric acid and is naturally found in small amounts in mammals and fruits like apples, oranges, and grapefruit. The consumption of calcium D-glucarate helps in the detoxification of cancer-causing agents, toxins, and steroid hormones from the body, owing to which it is widely being used as a medicinal product to mitigate the potential chances of cancer. Therefore, the rising use of calcium D-glucarate is consequently aiding the market for glucaric acid. Furthermore, with research and development (R&D) activities in the healthcare sector, owing to technological advancement and government investments, the market is anticipated to witness growth in the coming years.
Key Industry Players in the Global Glucaric Acid Market
The report presents a detailed analysis of the following key players in the global glucaric acid market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- The Archer-Daniels-Midland Company
- Kalion, Inc.
- Chemos GmbH & CokG
- Cayman Chemical
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter's Five Forces Model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 1.2 billion.
The market is projected to grow at a CAGR of 10.0% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 2.8 billion by 2032.
The major market drivers include the growing preference for glucaric acid instead of phosphate as a cleaning agent, the rising consumer awareness regarding eco-friendly cleaning agents, and rapid urbanisation.
The growing awareness regarding the health benefits associated with glucaric acid and the rising use of glucaric acid in food ingredients are the key trends propelling the market growth.
The major regional markets for glucaric acid are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different products considered in the glucaric acid market report are pure glucaric acid, calcium D-glucarate, potassium sodium D-glucarate, and D-glucaric acid-1,4-lactone, among others.
The significant applications of the product include food ingredients, detergents, corrosion inhibitors, and de-icing chemicals, among others.
The major players in the market are The Archer-Daniels-Midland Company, Kalion, Inc., Chemos GmbH & CokG, and Cayman Chemical, among others.
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