Market Forecast By Type (Glucono delta-lactone, Gluconic acid, Calcium salt of gluconic acid, Sodium salt of gluconic acid, Iron slat of gluconic acid), By End-use Industry (Food and Beverage, Pharmaceutical, Chemicals, Agriculture, Others) And Competitive Landscape
Product Code: ETC108304 | Publication Date: Jun 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Iraq Gluconic Acid Market report thoroughly covers the market by type and by end use industry. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Gluconic acid market in Iraq is a promising a massive growth underpinned by the rising demand for natural and clean-label ingredients in food and beverages, as well as in the pharmaceutical and construction sectors. However, the market comprises some challenges such as the lack of awareness about the benefits of gluconic acid and the shortage of raw materials. As a versatile and widely useful chemical compound, gluconic acid is used in industries ranging from food and beverages to pharmaceuticals and construction.
According to 6Wresearch, the Iraq Gluconic Acid Market size is estimated to reach at a CAGR of 7.9% during the forecast period 2025-2031. The increasing demand of gluconic acid across the food and beverage sector owing to its various properties such as it is natural ingredient and an alternative to artificial food additives. The pharmaceutical industry is one of the major industries boosting the market growth, particularly in the production of vitamin C and iron supplements. Additionally, the construction industry is increasing the gluconic acid demand in concrete formulations to improve its strength and durability. On the other hand, there are still some obstacles that the Iraq Gluconic Acid industry faces. The absence of a robust regulatory framework and the lack of awareness about the benefits of gluconic acid are some of the challenges the market is facing. However, increasing use of gluconic acid in personal care and home cleaning products. Companies are investing in innovative product development to tap into this growing trend. Additionally, the rising use of gluconic acid as a potential treatment for Alzheimer's disease, which has shown promising results in several clinical trials.
The Iraqi government has taken some measures to promote investments in this industry, such as offering foreign investors access to attractive tax incentives. Furthermore, they encourage investors to set up manufacturing plants in the country to benefit from the abundant resources and raw materials available here. These incentives are supporting the Iraq Gluconic Acid Market growth.
The major players operating in the Iraqi gluconic acid market include Henan Honghui Biotechnology, Shanxi Baodi Pharmaceutical, Jungbunzlauer Suisse AG, Roquette Frères, and Shandong Fuyang Biotechnology. These companies have a large market share in the Iraqi gluconic acid market and are investing heavily in research and development to maintain their positions.
According to Dhaval, Research Manager, 6Wresearch, the Calcium Salt of Gluconic Acid is leading in the market. While Glucono Delta-Lactone and Gluconic acid remain as the most popular types of organic acid, the Calcium Salt of Gluconic Acid is slowly making its way into the market as a nutritional supplement and enrichment agent in the food industry.
In terms of end use industry, the food and beverage industry is the largest end-use industry in the Iraq Gluconic Acid market, Gluconic acid is used in the food and beverage industry as an acidulant, flavor enhancer, and preservative.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iraq Gluconic acid Market Overview |
3.1 Iraq Country Macro Economic Indicators |
3.2 Iraq Gluconic acid Market Revenues & Volume, 2021 & 2031F |
3.3 Iraq Gluconic acid Market - Industry Life Cycle |
3.4 Iraq Gluconic acid Market - Porter's Five Forces |
3.5 Iraq Gluconic acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Iraq Gluconic acid Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Iraq Gluconic acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Iraq Gluconic acid Market Trends |
6 Iraq Gluconic acid Market, By Types |
6.1 Iraq Gluconic acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Iraq Gluconic acid Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Iraq Gluconic acid Market Revenues & Volume, By Glucono delta-lactone, 2021-2031F |
6.1.4 Iraq Gluconic acid Market Revenues & Volume, By Gluconic acid, 2021-2031F |
6.1.5 Iraq Gluconic acid Market Revenues & Volume, By Calcium salt of gluconic acid, 2021-2031F |
6.1.6 Iraq Gluconic acid Market Revenues & Volume, By Sodium salt of gluconic acid, 2021-2031F |
6.1.7 Iraq Gluconic acid Market Revenues & Volume, By Iron slat of gluconic acid, 2021-2031F |
6.2 Iraq Gluconic acid Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Iraq Gluconic acid Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.2.3 Iraq Gluconic acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 Iraq Gluconic acid Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.5 Iraq Gluconic acid Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.6 Iraq Gluconic acid Market Revenues & Volume, By Others, 2021-2031F |
7 Iraq Gluconic acid Market Import-Export Trade Statistics |
7.1 Iraq Gluconic acid Market Export to Major Countries |
7.2 Iraq Gluconic acid Market Imports from Major Countries |
8 Iraq Gluconic acid Market Key Performance Indicators |
9 Iraq Gluconic acid Market - Opportunity Assessment |
9.1 Iraq Gluconic acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Iraq Gluconic acid Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Iraq Gluconic acid Market - Competitive Landscape |
10.1 Iraq Gluconic acid Market Revenue Share, By Companies, 2024 |
10.2 Iraq Gluconic acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |