By 2023, the global Gluconolactone market is projected to achieve a market value of USD 256.2 million, displaying significant growth from its 2023 value of USD 120 million. The market is anticipated to experience a CAGR of 8% from 2023 to 2033. The global gluconolactone market is expected to grow at a rapid pace in North America and Europe owing to the increasing consumption of energy drinks and food products such as tofu and meat.
| Attributes | Details |
|---|---|
| Historical Value (2022) | USD 115.7 million |
| Current Year Value (2023) | USD 120 million |
| Expected Forecast Value (2033) | USD 256.2 million |
| Projected CAGR (2023 to 2033) | 8% |
The key driver driving market expansion is the multifunctional benefits provided by gluconolactone as a food ingredient. In prepared foods and supplements, gluconolactone serves a variety of functions as a food additive. It can be used as an acidifier, preservative, protein coagulant, chelating agent, seasoning, and color preserver, among other things. It's natural acidifying and preservative properties contribute to prolonging the shelf life of various food products. With the surging popularity of convenience foods, functional beverages, and processed foods, the consumption of Gluconolactone in this sector has witnessed a remarkable upswing.
Gluconolactone's status as a natural ingredient positions it favorably within the health and wellness sector. In an era where consumers prioritize their well-being, there is a growing inclination towards natural and clean-label ingredients across various products. Gluconolactone aligns perfectly with this trend, thus driving its demand as a natural ingredient across multiple industries.
Creams and serums typically include gluconolactone. Since gluconolactone possesses polyhydroxy acid characteristics, it provides all of the benefits of (AHAs) Alpha Hydroxy Acids, which are beneficial for sensitive skin. The formulation of personal care products, including skincare, hair care, and cosmetics, has greatly benefited from the inclusion of Gluconolactone. As consumers become increasingly conscious of personal grooming and demand effective and safe beauty products, the demand for Gluconolactone continues to surge.
Gluconolactone has extensive applications in the pharmaceutical sector, where it contributes to the formulation of oral care products, nutritional supplements, and pharmaceutical preparations. Its chelating and stabilizing effects make it a valuable component in numerous pharmaceutical applications. As the pharmaceutical industry expands due to advancements in healthcare and heightened consumer focus on wellness, the demand for Gluconolactone is expected to soar.
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The food and food processing business is thriving as consumers' preferences for convenient food products grow. Gluconolactone is an emulsifier and flavouring ingredient found in a variety of foods including dairy, bread, cereal, and baby food.
Gluconolactone is utilized as a flavoring additive in tobacco products, in addition to food goods. The demand for Gluconolactone in the global market is increasing as people consume more processed foods.
Millennials' demand for energy drinks is also driving up global gluconolactone consumption. Similarly, need for preservatives for foods such as meat and others is high, which is increasing the market demand. Over the projected period, the aforementioned factors are likely to fuel gluconolactone market demand.
Due to this perceived increasing adaption with the new trends of the consumers, global demand for Gluconolactone is anticipated to soar impressively in forthcoming years to grow at a CAGR of 8% in contrast to the CAGR of 0.9% during 2018 and 2022.
Energy drinks are more popular among the teenagers. The consumption of the energy drinks is highly affected by the consumer perception about the energy drinks, weight status, and socio-demographics. It has been found that the Polynesian teenagers consume more energy drinks than the Europeans adolescents due to the good and neutral perception about the energy drinks. Given the scenario, the market is expected to gain considerably from the rising consumption of energy drinks among young adults and teen agers.
Gluconolactone is a white crystalline powder made from gluconic acid, a chemical produced naturally by mammals to help them digest carbohydrates. Gluconolactone, which is composed of many water-attracting hydroxyl groups and helps moisturise the skin, is similarly formed from maize fermentation.
| Country | China |
|---|---|
| Value CAGR (2023 to 2033) | 3.8% |
A chemical method concentrates global gluconolactone manufacturing in China, and China's Gluconolactone production accounted for more than 85% of global Gluconolactone output in 2017. Gluconolactone is currently utilized mostly in energy drinks, cosmetics, and pharmaceuticals, with dietary supplements, cosmetics, and personal care items gaining popularity.
China's cosmetics and personal care industry is experiencing rapid growth, driven by increasing disposable incomes, changing lifestyles, and a growing emphasis on personal grooming. Gluconolactone is used in skincare products due to its moisturizing and exfoliating properties. The demand for natural and organic cosmetics is on the rise, further fueling the growth of the China Gluconolactone market.
The United States Gluconolactone market has experienced steady growth in recent years. Consumers in the United States are increasingly seeking products with clean labels, free from artificial additives and preservatives. Gluconolactone, a natural ingredient, is gaining popularity as a clean-label alternative, especially in the food and beverage industry.
| Country | United States |
|---|---|
| 2022 Value Share in Global Market | 23.2% |
The use of Gluconolactone as a pet food ingredient is not particularly regulated by the USDA. According to the agency's article, the recommended minimum proportion of Gluconolactone in extruded cat food is 0.1%, and the minimum percentage in canned cat food is 0.2%.
According to the FDA's 21 CFR 573.980, gluconolactone used as a food additive is allowed in animal feed and drinking water. When a product is labelled as organic or created with organic, gluconolactone is approved for human consumption regardless of the manner of manufacturing.
Due to rising consumer demand and increased awareness of the health benefits, the health supplement business is quickly expanding. In 2017, sales of dietary supplements in the UK market were high for general health, but sales of mental health supplements grew at a faster rate.
| Country | United Kingdom |
|---|---|
| Value CAGR (2023 to 2033) | 5.3% |
Consumer perception has shifted dramatically in recent years, resulting in changes in product preferences and lifestyle. Healthy items are preferred by consumers, who are willing to pay extra if the product has health benefits. Dietary supplements are preferred by people to meet their daily nutritional needs and lower the risk of diseases and disorders.
The United Kingdom has been making significant efforts to reduce plastic waste and promote sustainable packaging solutions. Gluconolactone aligns with the sustainable packaging goals of various industries. As a result, manufacturers are exploring the use of Gluconolactone in eco-friendly packaging materials, leading to additional opportunities for the United Kingdom Gluconolactone market growth.
Consumers in Germany are becoming more conscious of the ingredients used in the products they consume. There is a growing demand for clean-label products that are free from artificial preservatives, additives, and allergens. Germany and Trade Invest (GATI) reports that German consumers are increasingly adopting a health-conscious approach and seeking confectionery products that are low in sugar, fair trade, and organic. Gluconolactone, a clean-label ingredient, is gaining popularity as a safe and reliable choice for various applications. This shift in consumer preferences has led to a growing demand for sustainable products, consequently driving the United Kingdom Gluconolactone market.
| Country | Germany |
|---|---|
| 2022 Value Share in Global Market | 4.2% |
Individuals in Germany are increasingly concerned about the environmental impact of packaging materials. In the country, there is an increase in the demand for environmentally friendly and sustainable packaging solutions. A 2019 survey conducted by the DVI found that 69.5% of the German population actively considers sustainable packaging while making their product purchases. Gluconolactone, a bio-based ingredient, aligns with this sustainability trend and provides opportunities for manufacturers to explore environmentally friendly packaging options.
The food and beverage industry greatly influences the Japan Gluconolactone market. As manufacturers strive to develop healthier and more natural food products, the demand for Gluconolactone as a clean-label ingredient has increased. The growth of the food and beverage industry, especially in the functional food segment, positively impacts the market. Japan's functional food market has experienced rapid development ever since the implementation of the "foods with functional claims (FFC)" system.
| Country | Japan |
|---|---|
| 2022 Value Share in Global Market | 7.2% |
The cosmetic industry plays a crucial role in driving the demand for Gluconolactone in Japan. Being one of the leading markets for cosmetics and personal care products worldwide, Japan showcases a consumer base that is highly sophisticated and knowledgeable about the chemical compositions of products. With consumers' growing inclination towards natural and organic personal care products, cosmetic manufacturers are incorporating Gluconolactone into their formulations. The rising popularity of K-beauty and J-beauty trends further contributes to the market growth. With the maximum per capita expenditure on cosmetics, including skincare products, Japanese consumers are significantly contributing to the market growth within the country.
The personal care and cosmetic industry in India is experiencing substantial growth. The Indian population is becoming more aware of skincare and anti-aging products. Gluconolactone's exfoliating and moisturizing properties make it a popular ingredient in anti-aging creams, serums, and lotions.
| Country | India |
|---|---|
| Value CAGR (2023 to 2033) | 21.8% |
In the aftermath of the pandemic, there has been a significant increase in people's health consciousness, which has extended to their skincare and beauty routines. Consumers in India are now more inclined towards organic professional products. In recent years, there has been a significant surge in the cruelty-free, vegetarian, and vegan beauty market, specifically in India.
To promote ethical practices, the Ministry of Health and Family Welfare in India has implemented a ban on cosmetic testing, as outlined in the new rule "148-C" of the existing Drugs and Cosmetics Rules, stating that it is prohibited to conduct any testing of cosmetics on animals. As a result, Gluconolactone is experiencing a surge in demand in the personal care and cosmetic industry.
The rapid growth of e-commerce in India has significantly impacted the India Gluconolactone market. In the past 3-4 years, the cosmetics industry in India has experienced rapid growth due to the expanding presence of the Internet and the subsequent rise of online platforms for purchasing cosmetic products. E-commerce platforms provide easy access to a wide range of personal care and cosmetic products, including those containing Gluconolactone. This has facilitated the market's expansion beyond urban areas.
Gluconolactone supplementation has been shown to be good to one's health. Dietary supplement demand has been rising around the world as people become more health conscious. As a result, demand for Gluconolactone is increasing as Gluconolactone-containing products become more popular on the market.
In the global market, the use of cosmetics and personal care products is increasing. In recent years, cosmetic industry research and development has resulted in the creation of new and innovative products. As a result, K-beauty and J-beauty products are becoming increasingly popular in the global cosmetics and personal care goods market.
The demand for cosmetic ingredients is expanding as per capita spending on cosmetics and personal care products rises in developing economies. Hair products, skincare products, and toiletry all contain gluconolactone. The rising demand for cosmetics and personal care items is driving the Gluconolactone market.
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The demand for gluconolactone is predicted to rise, mostly from consumers of energy drinks and dietary supplements, according to global players. With the adoption of new technologies, key companies are projected to continue growing their production capacities and capabilities.
The gluconolactone market has grown significantly, owing to increased awareness of the role of gluconolactone in numerous metabolic activities and the health risks associated with gluconolactone deficiency. The popularity of gluconolactone supplements due to their health benefits is expected to drive the global gluconolactone market.
Gluconolactone Titans of the World: Leading Players in the Global Market
Hubei Yitai Pharmaceutical Co. Ltd.:
Hubei Yitai Pharmaceutical Co. Ltd. is a renowned company based in China, specializing in the production and distribution of pharmaceuticals and fine chemicals. With a strong commitment to quality, the company offers a diverse range of products, including Gluconolactone. Hubei Yitai Pharmaceutical Co. Ltd. diligently caters to the needs of its customers by delivering exceptional quality gluconolactone and other products.
Shandong Fuyuan Bio-Tech Co. Ltd.:
Shandong Fuyuan Bio-Tech Co. Ltd. stands out as a leading manufacturer and supplier of bio-based products, with a significant focus on Gluconolactone. The company excels in research, development, and the production of environmentally friendly ingredients for diverse industries. Its Gluconolactone finds applications in food, cosmetics, pharmaceuticals, and other sectors. Shandong Fuyuan Bio-Tech Co. Ltd. prides itself on consistently delivering high-quality Gluconolactone, cementing its position as a reliable and trusted partner for customers seeking sustainable solutions.
Roquette Frères:
Roquette Frères enjoys global recognition as a preeminent provider of plant-based ingredients and plays a key role in the gluconolactone market. Renowned for its commitment to sustainability, the company offers a diverse portfolio of products derived from renewable resources, including Gluconolactone. Roquette Frères' Gluconolactone is widely acclaimed for its exceptional quality and versatility. It finds applications across various industries, including food and beverages, personal care products, and pharmaceuticals. Roquette Frères actively collaborates with customers to meet their specific needs while prioritizing sustainable development.
Merck Millipore Corporation:
Merck Millipore Corporation, a subsidiary of the esteemed Merck KGaA, serves as a global leader in the provision of high-quality products for life science research and manufacturing. The company offers Gluconolactone, renowned for its purity and reliability within its extensive range of biochemicals. This makes it an ideal choice for applications across the food, pharmaceutical, and cosmetic industries. Merck Millipore Corporation remains steadfast in its commitment to delivering innovative solutions and supporting scientific advancements.
Foodchem International Corporation:
Foodchem International Corporation emerges as a leading supplier of food additives, ingredients, and fine chemicals, including Gluconolactone. Guided by a steadfast commitment to food safety and quality, the company ensures that its Gluconolactone adheres to the highest standards. With a global presence in the food and beverage industry, Foodchem International Corporation provides comprehensive technical support and customized solutions to meet the unique requirements of its customers, ensuring their utmost satisfaction.
The market is valued at USD 120.0 million in 2023.
The market’s CAGR from 2023 to 2033 will be 8.0%.
Shandong Fuyuan Bio-Tech CO.LTD., and Roquette Frères are key market players.
The market will reach USD 256.2 million by 2033.
Cosmetics & personal care products segment is likely to remain preferred through 2033.
| Estimated Market Size (2024E) | USD 74.3 billion |
|---|---|
| Projected Market Valuation (2034F) | USD 170.1 billion |
| Value-based CAGR (2024 to 2034) | 9.5% |
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