PORTLAND, OR, Sept. 27, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global guanylic acid market generated US$1.4 billion in 2021 and is projected to reach US$2.4 billion by 2031, at a CAGR of 5.3% from 2022 to 2031. and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors and stakeholders to strategize for the future and take steps to strengthen their position in the market.
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Report coverage and details:
| report coverage | details |
| forecast period | 2022-2031 |
| base year | 2021 |
| Market size in 2021 | $1.4 billion |
| Market size in 2031 | $2.4 billion |
| CAGR | 5.3% |
| Number of pages in the report | 350 |
| segments covered | Salt type, application, end use industry and region |
| driver | Increasing demand from the food and beverage industry for aroma and flavor enhancers |
| Increased demand for packaged and processed foods | |
| occasions | Increase in R&D investment and product innovation |
| limitations | Health risk associated with the use of guanylic acid |
Covid-19 Scenario-
- The outbreak of Covid-19 led to the shutdown of pharmaceutical, cosmetic, food & beverage and other sectors, reducing demand for guanylic acid.
- The implementation of the lockdown restricted the production of guanylic acid and caused disruptions in the supply chain worldwide.
- However, supply chains returned to normal after restrictions were eased. Market participants examined measures to reduce the impact of the pandemic on their businesses.
The report provides detailed segmentation of the global guanylic acid market by drug type, disease type, distribution channel, and region. The report provides analysis of each segment and sub-segment with the help of tables and figures. This analysis helps…
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