The glucaric acid market is likely to grow at a healthy CAGR of 13.4% during the forecast period of 2023-2028.
Market Drivers:
The glucaric acid market is driven by a host of factors, some of which are noted below:
Growing consumer inclination for bio-based products due to their non-toxic and biodegradable nature along with enhancing product quality.
Furthermore, the high demand for multifunctional and premium organic components has led to the incorporation of advanced ingredients.