Gluconolactone Market: Market Outlook
Gluconolactone
also known as Glucono delta-lactone is a naturally occurring food additive with
moisturizing and antioxidant activity. It is primarily used as an acidifier,
sequestrant or a pickling, curing and leavening agent. Gluconolactone is an
ingredient in many foods and functioning as a substitute for enzymes in tofu
manufacturing and cheese processing or even as a leavening acid the bakery and
bakery products. It is also used as a coagulant in tofu processing and cosmetic
products.
Gluconolactone
can be naturally derived from corn fermentation basically composed of multiple
water-attracting hydroxyl groups, which hydrate the skin. As a nature it can
also be prepared by microbial (yeast or bacteria) fermentation of a
carbohydrate source. Any additional processing or chemical reactions are not
used in producing gluconolactone. Corn has always been the major commercial
source for the production. Gluconolactone are used in Food, Beverage,
Cosmetics, health & personal care products, pharmaceuticals, poultry/Animal
feed/Agriculture. It is also a multifunctional food additive used as a
acidifier, coagulant, expander, preservative, seasoning, color preservative.
Some other applications include in process bean products, juice beverages, meat
products, fishes and shrimps, yeast powder and soy/tofu. Gluconolactone is also
widely used as acidulate in meat products, especially in dry sausages.
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Growing use of Gluconolactone in cosmetic
industry is among the driving factor for the Gluconolactone Market
Cosmetic
market is growing rapidly across the world as the developing countries are
especially witnessing the higher growth. Skin care segment is emerging as a
major driving factor for this growth as consumers are becoming more influence
towards the use of skin care products, anti-aging products, and others. With
the rise of natural cosmetics, gluconolactone like ingredients are emerging as
a beneficial ingredients for the natural cosmetics products. As gluconolactone
is a naturally occurring ingredient, approved by the FDA for use in number of
applications. This ingredient has a wide scope in the cosmetics market and can
be found in number if serums and creams which functions to reduce the
appearance of wrinkles and fine lines. Growth of this market is evident from
the fact that gluconolatone is marketed for use in feta cheese. More research
is being done on gluconolactone’s effects on signs of photo aging in the near
future.
Gluconolactone Market Segmentation:
On the basis of end-use, the global
gluconolactone market has been segmented as
·
Food industry
·
Foodservice Industry
·
Cosmetic & Personal Care Industry
·
Retail
·
Pharmaceutical
·
Animal Feed
·
Others
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On the basis of region, the global
gluconolactone market has been segmented as
·
North America
·
Latin America
·
Europe
·
South Asia
·
East Asia
·
Oceania
·
Middle East & Africa
Gluconolactone market: Key Player
The major
players in Gluconolactone
market includes Jungbunzlauer International, Sigma
Aldrich,Roquette, Fuso Chemical Company, Fuyang Biotechnology, Yuanming
Group, Baisheng Biotechnology, Xinhong Pharmaceutical, Xingzhou Medicine Foods
and others.
Opportunities for Market Participants in the
Gluconolactone Market
As the demand
for flavor enhancer is growing in food & beverage industry, the market
participants will be getting a beneficial opportunity in the global
gluconolactone market during the forecast period. Moreover, growing utilization
of gluconolactone in cosmetics and pharmaceutical industry is also favoring the
market growth in foreseeable future. This is further formulating the preferable
market opportunity for the manufacturer of gluconolactone market.
Gluconolactone Market: Regional Outlook
North America
is dominating the gluconolactone market with highest market value share, owing
to the wide applicability of gluconolactone in the region. Whereas, Europe,
followed by the North America is also witnessing the considerable market value
share in global gluconolactone market, the major contributing factor is growing
gluconolactone use in cosmetics industry. However, the South and East Asia is
projected the higher growth opportunity, owing to the increasing per capita
expenditure on food and cosmetics products.
COVID-19 Impact on Gluconolactone Market
Gluconolactone
market is expected to hit by the global pandemic of COVID-19, which has
decrease the growth of the global economy. The manufacturing and food
processing has been stopped which has impacted the production of
gluconolactone. Moreover, the major source of gluconolactone is corn, which
production and supply is also disturbed due to corona virus infected disease.
Thus, COVID-19 disease outbreak is projected to make a moderate to high impact
on global gluconolactone market in near future.
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