Report Ocean recently released a research report on the Guanylic Acid Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global guanylic acid market revenue was around US$ 1.9 billion in 2021 and is estimated to reach US$ 2.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2022 to 2031.
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Guanylic acid is a flavor enhancer that can be added to food and is extensively utilized. It contributes to raising the salt’s intensity, which lowers the amount of salt needed. It is utilized in bottled vegetables or canned, fat spreads, fat-based desserts, bakery goods, processed cheese, dried vegetables, and others.
Factors Influencing Market Growth
Rising demand from the food and beverage sector is primarily driving the market growth.
The leading vendors are constantly working hard to increase their client base and market share through investments in R&D as well as new services and products available on the market. These open up profitable opportunities for the guanylic acid market.
The consumption of guanylic acid is not advised for persons who have asthma. Thus, these health risks may hamper the market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the guanylic acid market. Due to the lockdown enacted by the government food and beverage, cosmetics, pharmaceutical, and other industries were shut down. Thus, this affected the decline in demand of the market and the global supply chain. However, after the pandemic, the restrictions were removed and the supply chains returned to normal. Thus, industry participants in this market looked for ways to lessen the impact of the pandemic on their businesses.
Regional Insights
Asia Pacific contributed to the market share during the forecast period. In this region, Japan has a high demand for savory food, which is driving the demand for guanylic acid products. In addition, South Korea has the highest demand for the food and beverage flavor enhancer. Thus, the high demand for this acid as an additive in the food and beverage industry is driving the growth of the market in the region.
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Leading Competitors
The leading competitors in the global guanylic acid market are:
AFINE CHEMICALS LIMITED
AHH Chemical Co. Ltd
AK Scientific Inc
Alichem Inc
ANHUI BBCA PHARMACEUTICAL Co LTD
BOC Sciences
Chemspace
Conier Chem & Pharma Limited
Dayang Chem (Hangzhou) CO., LTD
Hubei Ipure Biotech Co
Hunan Huateng Pharmaceutical Co
Jinan Shangbo biotech Co, Ltd
Merck KGaA
Phenomenex Inc
Zhejiang Chengyi Pharmaceutical Co. Ltd
Others
Segmentation Analysis
The global guanylic acid market segmentation focuses on Salt Type, Application, End-Use Industry and Region.
Segmentation based on Salt Type
Disodium guanylate
Dipotassium guanylate
Calcium guanylate
Segmentation based on Application
Flavoring agent
Taste enhancer
Others
Segmentation based on End Use Industry
Cosmetics
Food and Beverage
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Guanylic Acid Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Guanylic Acid market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Guanylic Acid Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Guanylic Acid market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Guanylic Acid market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Guanylic Acid market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Guanylic Acid market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Guanylic Acid business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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