The global guanylic acid market revenue was around US$ 1.5 billion in 2023 and is estimated to reach US$ 2.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2024 to 2032.
Guanylic acid is a nucleotide utilized in (Ribonucleic acid) RNA as a monomer. It is an ester of guanosine nucleoside and phosphoric acid. During protein synthesis, it is composed of the nucleobase guanine, phosphate group, and the pentose sugar ribose. It is used in fat-based desserts, bottled or canned vegetables, bakery products, processed cheese, dried vegetables, fish products, and cooked or fried vegetables.
Market Driving Factors
Guanylic acid is utilized in the food industry as a food additive and taste enhancer. Guanylic acid is used as a flavor enhancer in soups, cured meat, and savory sauces, among others, in the flavor formulation industries and other variables. Dipotassium guanylate does not possess a distinct flavor. It improves the original flavor of the food. The demand for low-fat, and low-carbohydrate products is one of the main reasons for the increase in flavor consumption. Additionally, guanylic acid also functions as a preservative for some distinct foods. All these elements boost the demand for guanylic acid in the food industry and fuel market growth.
The surging demand for alternative protein sources and plant-based boosts the market's growth. This is because guanylic acid is generally utilized as a flavor enhancer in these products. Alternative protein sources and plant-based, such as pea, soy, and rice proteins, are becoming famous owing to several factors, including environmental and health concerns, and taste preferences. Thus, as these products become more famous, the demand for flavor enhancers, such as guanylic acid, also grows, which, in turn, drives the market growth.
Guanylic acid consumption is not advised for those people who suffer from asthma. Thus, this factor is estimated to inhibit market growth.
Regional Analysis
North America dominated the market in terms of revenue shares and is predicted to maintain its dominance. It has a well-established food and beverage industry that is a largely consumer of guanylic acid. The high demand for convenience and processed food products in the region has created a substantial market for guanylic acid as a flavor enhancer, which is estimated to continue to boost the market growth in the region.
Asia Pacific is estimated to dominate the market in terms of the rate. This region has a large and increasing population, fueling the demand for food products. Guanylic acid is broadly utilized as a flavor enhancer in processed foods, beverages, and snacks, which is estimated to propel the demand for Guanylic acid in the region. Furthermore, the increasing middle class in the region has higher disposable income boosting the requirement for processed and convenience foods. Moreover, guanylic acid is commonly utilized as a flavor enhancer in these foods, which is estimated to boost the market growth in the region.
Segmentation Insights
Salt Type Insight
The disodium guanylate segment is predicted to dominate the market in terms of growth rate. This is mainly due to this segment is commonly utilized in processed foods such as canned foods, snacks, and sauces. Furthermore, the increasing demand for processed foods is estimated to boost the demand for disodium guanylate in the coming years. Moreover, disodium guanylate can be derived from natural sources such as seaweed and yeast extract. Surging consumers demand organic and natural ingredients in their food products, which is estimated to boost the demand for disodium guanylate as a natural flavor enhancer.
Application Insight
The taste enhancer segment dominates the market in terms of the growth rate. This is owing to its broad range of applications in the food and beverage industry. Guanylic acid is a common taste enhancer utilized to improve the flavor of food products, especially in combination with different taste enhancers such as monosodium glutamate (MSG). As a result, guanylic acid, derived from natural sources such as seaweed and yeast extract, is gaining popularity as a natural flavor enhancer.
End Use Industry Insight
The food and beverages segment is estimated to dominate the market in terms of shares. It is an acid broadly utilized in the food and beverage industry as a flavor enhancer to enhance the aroma and taste of food products. Furthermore, the busy lifestyle of consumers is boosting the demand for convenience foods such as snacks and ready-to-eat meals. Guanylic acid is commonly utilized in these foods to improve their flavor, which is estimated to boost the demand for guanylic acid in the coming years.
Prominent Companies
Segmentation Outline
The global guanylic acid market segmentation focuses on the Salt Type, Application, End-Use Industry, and Region.
By Salt Type
By Application
By End Use Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL GUANYLIC ACID MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: GUANYLIC ACID MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL GUANYLIC ACID MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL GUANYLIC ACID MARKET, BY SALT TYPE
5.1 OVERVIEW
5.2 DISODIUM GUANYLATE
5.3 DIPOTASSIUM GUANYLATE
5.4 CALCIUM GUANYLATE
6 GLOBAL GUANYLIC ACID MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 FLAVORING AGENT
6.3 TASTE ENHANCER
6.4 OTHERS
7 GLOBAL GUANYLIC ACID MARKET, BY END USE INDUSTRY
7.1 OVERVIEW
7.2 COSMETICS
7.3 FOOD AND BEVERAGE
7.4 OTHERS
8 GLOBAL GUANYLIC ACID MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL GUANYLIC ACID MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 HUNAN HUATENG PHARMACEUTICAL CO.
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 ALICHEM INC
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 AK SCIENTIFIC INC.
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 JINAN SHANGBO BIOTECH CO LTD
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 PHENOMENEX INC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 CHEMSPACE
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 ZHEJIANG CHENG YI PHARMACEUTICAL CO. LTD
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 AFINE CHEMICALS LIMITED
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 HUBEI IPURE BIOTECH CO.
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 BOC SCIENCES
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 DAYANG CHEM (HANGZHOU) CO., LTD
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 AHH CHEMICAL CO. LTD
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 MERCK KGAA
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 ANHUI BBCA PHARMACEUTICAL CO.
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 CONIER CHEM & PHARMA LIMITED
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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