Guanylic acid is a guanine nucleotide, also known as guanosine monophosphate (GMP). Guanylic acid consists of the pentose ribose sugar, a phosphate group and a guanine nucleobase, and is widely present in nature. Guanylic acid is produced in greater quantities by enzymatic reaction as an enzyme source. Fermentation products including microbial cells and fermentation alcohol are then converted to 5β-xanthylic acid and then to guanylic acid.
Guanylic acid is useful in flavoring agents and can also be prepared by breaking down ribonucleic acid. Guanylic acid in its salt form, including calcium guanylate, disodium guanylate, dipotassium guanylate, are food additives used as flavor enhancers to impart umami taste and are widely distributed as an RNA molecule in the body. Guanylic acid is an expensive additive and is not usually used independently of MSG, which also imparts an umami taste. Guanylic acid is produced from fish and yeast. Therefore, it is not suitable for vegetarians and vegans. Disodium guanylate is widely present in chips and snacks, instant noodles, salted rice, cold cuts, canned vegetables, and packaged soups.
The main driving factors of the guanylic acid market are the growing demand for the processed food industry, dairy and non-dairy products, and increasing consumer health awareness. Macroeconomic factors driving the guanylic acid market include, rapid urbanization, increasing disposable income, emerging economies, and changing lifestyles. Another major driving factors of the global guanylic acid market are mergers and acquisition among the Guanylic acid market players and high investment in the food & beverages industry.
Market participants operating in the guanylic acid market can capture a high market share by conducting future mergers and integrations with domestic companies. The main limiting factor of the guanylic acid market is the side effect, such as increased asthma problems. People with asthma and gout should avoid consuming guanylic acid, because purines are dangerous for those with asthma and gout, and guanylates are converted into purines. Nevertheless, the average levels of guanylic acid in food are far too low to cause harmful effects. In addition, the expanding pharmaceutical and cosmetic industries are to provide lucrative opportunities for the guanylic acid market. Due to the high demand for guanylic acid as an additive in the food and beverage industry, Japan and South Korea are anticipated to experience high growth rates in the global guanylic acid market.
The guanylic acid market is segmented into salt type, application, end-use industry, and region. Depending on salt type, the market is bifurcated into disodium guanylate, dipotassium guanylate, and calcium guanylate. On the basis of application, it is categorized into flavoring agent, taste enhancer, and others. On the basis of end-use industry, it is categorized into cosmetics, food & beverage, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global guanylic acid market include, 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., Ltd., Hunan Huateng Pharmaceutical Co., Ltd., Jinan Shangbo biotech Co, Ltd., Merck KGaA, Phenomenex Inc., and Zhejiang Chengyi Pharmaceutical Co. Ltd. Other players operating in the market are YAMASA CORPORATION, Zhejiang, Qucheng Chemical Co., Ltd.
Japan and South Korea Overview
In the Asia-Pacific area, demand for guanylic acid products is rising in Japan due to the country's strong need for savory flavors, followed by South Korea, which has the highest demand in the food and beverage flavor enhancer industry.
Japan and South Korea are anticipated to see a high growth rate in the global guanylic acid market due to the high demand for guanylic acid as additives in the food and beverage industry.
Changing consumption patterns, rapid urbanization, growing population, substantial economic development, and rising per capita income are the primary factors influencing the market's expansion.
IMPACT OF COVID-19 ON THE GLOBAL GUANYLIC ACID MARKET
- COVID-19 has spread across the globe and effected almost all aspects of life.
- As a result of the COVID-19 pandemic, the guanylic acid market was negatively impacted.
- During the COVID-19 pandemic, pharmaceutical, cosmetic, food and beverage, and other sectors were shut down. This decreased the demand for guanylic acid, which affected the guanylic acid market.
- The COVID-19 pandemic resulted in the implementation of lockdown, which restricted the production of guanylic acid and disrupted the global supply chain, resulting in a decline in market demand for guanylic acid.
- However, after the pandemic, as the supply chains return to normal after the restrictions were lifted, market participants in this market have explored for measures to minimize the pandemic's impact on their business.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the guanylic acid market analysis from 2021 to 2031 to identify the prevailing guanylic acid market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the guanylic acid market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global guanylic acid market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Salt Type
- Disodium guanylate
- Dipotassium guanylate
- Calcium guanylate
By Application
- Flavoring agent
- Taste enhancer
- Others
By End Use Industry
- Cosmetics
- Food and Beverage
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- AFINE CHEMICALS LIMITED
- AHH Chemical Co., Ltd
- AK Scientific Inc.
- Alichem Inc
- Anhui BBCA Pharmaceutical Co.
- 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.
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Table of Contents
Executive Summary
According to the report, titled, “Guanylic Acid Market," the guanylic acid market was valued at $1.4 billion in 2021, and is estimated to reach $2.4 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.Guanylic acid is a nucleotide used in RNA as a monomer. Guanylic acid is also referred as Guanosine monophosphate (GMP). It is a phosphoric acid ester with the nucleotide guanosine. GMP contains a phosphate group, the pentose sugar ribose, and the nucleobase guanine; hence, it is a ribonucleoside monophosphate. Guanosine monophosphate is commercially generated through microbial fermentation.
Guanosine monophosphate has the reference number E626. In the form of its salts, food additives such as disodium guanylate (E627), dipotassium guanylate (E628), and calcium guanylate (E629) are employed as umami flavor enhancers. It is frequently used in association with disodium inosinate to create disodium 5′-ribonucleotides. Instant noodles, potato chips and snacks, savory rice, canned veggies, cured meats, and packet soup frequently include disodium guanylate.
Globalization and modernization are major contributors to the growing demand for flavor enhancer compounds, and this has led to a global increase in the use of dipotassium guanylate. The altering lifestyles of consumers have an impact on their dietary preferences. Spices and natural herbs have been widely utilized in cooking for decades, and this has steadily necessitated the development of technology to accommodate large food processors. These factors are driving the guanylic acid market. However, most of the tastes are country- and region-specific, and the major market players are always attempting to raise their market share and expand their footing by investing heavily in R&D and market innovations. However, rise in health consciousness is one of the most significant market limitations for artificial flavorings and hence, can restrain the guanylic acid market.
The guanylic acid market is segmented into salt type, application, end-use industry, and region. Depending on salt type, the market is bifurcated into disodium guanylate, dipotassium guanylate, and calcium guanylate. On the basis of application, it is categorized into flavoring agent, taste enhancer, and others. On the basis offend-use industry, it is categorized into cosmetics, food & beverage, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating 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., Ltd., Hunan Huateng Pharmaceutical Co., Ltd., Jinan Shangbo biotech Co, Ltd., Merck KGaA, Phenomenex Inc., and Zhejiang Chengyi Pharmaceutical Co. Ltd.
Other players operating in the guanylic acid market are YAMASA CORPORATION. Zhejiang, Qucheng Chemical Co., Ltd.
Key Findings of the Study
- The report outlines the current guanylic acid market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The market size is provided in terms of revenue and volume.
- On the basis of salt type, the disodium guanylate segment is expected to grow at a CAGR of 5.5%, in terms of revenue, during the forecast period.
- On the basis of application, the taste enhancer segment is expected to grow at a CAGR of 5.6%, in terms of revenue, during the forecast period.
- Depending on end-use industry, the others segment is expected to grow at a CAGR of 5.5%, in terms of revenue, during the forecast period.
- By region, Asia-Pacific dominated the market with highest revenue shares of $520.2 million in 2021.
- Japan and South Korea Overview
- In the Asia-Pacific area, demand for guanylic acid products is rising in Japan due to the country's strong need for savory flavors, followed by South Korea, which has the highest demand in the food and beverage flavor enhancer industry.
- Japan and South Korea are anticipated to see a high growth rate in the global guanylic acid market due to the high demand for guanylic acid as additives in the food and beverage industry.
- Changing consumption patterns, rapid urbanization, growing population, substantial economic development, and rising per capita income are the primary factors influencing the market's expansion.
IMPACT OF COVID-19 ON THE GLOBAL GUANYLIC ACID MARKET
- COVID-19 has spread across the globe and effected almost all aspects of life.
- As a result of the COVID-19 pandemic, the guanylic acid market was negatively impacted.
- During the COVID-19 pandemic, pharmaceutical, cosmetic, food and beverage, and other sectors were shut down. This decreased the demand for guanylic acid, which affected the guanylic acid market.
- The COVID-19 pandemic resulted in the implementation of lockdown, which restricted the production of guanylic acid and disrupted the global supply chain, resulting in a decline in market demand for guanylic acid.
- However, after the pandemic, as the supply chains return to normal after the restrictions were lifted, market participants in this market have explored for measures to minimize the pandemic's impact on their business.
Companies Mentioned
- Afine Chemicals Limited
- Ahh Chemical Co. Ltd
- Ak Scientific Inc.
- Alichem Inc
- Anhui Bbca Pharmaceutical Co.
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 350 |
Published | August 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 1.4 billion |
Forecasted Market Value ( USD | $ 2.4 billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |