The global Glycolic Acid Market size reached USD 1.2 Billion in 2020 and is expected to register a CAGR of 5.2% over the forecast period. Market revenue growth is driven to a significant extent by high product demand from various end-use industries for manufacturing of industrial cleaners, household detergents, personal care products, agricultural chemicals, food and beverages, and others.

Gluconic acid is widely used in meat and dairy products, more specifically in baked foods as a leavening agents. It is also used as a flavoring agent and for its fat absorption property in production of doughnuts, cones, and some fried food items. Other applications of gluconic acid include textile dyeing, printing, metal surface water treatment, and others.

Increasing focus on utilization of safe ingredients in food and beverages, cosmetics, and other personal use products due to increasing consumer awareness and need to comply with stringent regulations and norms to ensure safe production of food items, ingredients, and products are expected to continue to drive market growth over the forecast period. 

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Top Players in the Global Glycolic Acid Market:

PMP Fermentation Products, Shandong Xinhong Pharmaceutical Industry Limited Company, Xingzhou Medicine Food, Kaison Biochemical, Roquette, Shandong Fuyang Biotechnology, Ferro Chem Industries, Tianyi Food Additives, Shandong Xiwang Sugar Industry Co., Jungbunzlauer, Ruibang Laboratories, and Gress Chemicals.

With surging consumer demand for bio-based cosmetics and personal care products, manufacturers have started utilizing bio-based acids like gluconic acid to formulate these products. Gluconic acid is extensively used in the formulation of products such as cleansers, mouthwashes, shampoo, and skin care products. Increasing consumer awareness regarding more advanced and efficient ingredients and rising preference for premium personal care products will positively impact market growth during the forecast period.

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Market segmentation based on Type Outlook:

• Glu Gluconic Acid
• Glucono Delta Lactone
• Sodium Salt of Gluconic Acid
• Calcium Salt of Gluconic Acid
• Other Types

Application Outlook:

• Food And Beverage
• Pharmaceutical
• Chemicals
• Agriculture
• Others

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

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Frequently Asked Questions Answered in the Report:

• What is the estimated revenue growth rate of the global Glycolic Acid Market over the forecast period?
• What are the major factors driving the global market revenue growth?
• Which are the leading manufacturers and suppliers in the global Glycolic Acid Market?
• Which regional market is expected to lead in terms of revenue share in the global Glycolic Acid Market over the forecast years?
• What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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