The new report by EMR titled, ‘Global Glucuronolactone Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global glucuronolactone market, assessing the market based on its segments like applications, end uses and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 5%
Consumer awareness of the importance of health and fitness is driving the glucuronolactone market. Energy drinks are growing more popular among customers, particularly among fitness enthusiasts and young people who like foods and beverages that improve their energy levels. In the projected period, North America is expected to maintain a large proportion of the global glucuronolactone market. This expansion can be ascribed to the widespread use of glucuronolactone as a nutritional supplement in the region for customers' physical fitness. In addition, the business is expanding as consumer spending power and living standards rise. Furthermore, over the projection period, the use of glucuronolactone as a detoxifying ingredient in functional beverages is expected to increase its overall attractiveness.
Industry Definition and Major Segments
Glucuronolactone is a chemical that is largely used in the production of energy beverages. It is utilised because it can aid increase athletic performance and concentration. It is a naturally occurring chemical that plays an important role in practically all connective tissues. It is created in modest levels by the body. Furthermore, it can be synthesised in laboratories and employed as a performance booster and recovery aid in food and beverages.
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Based on application, the market is divided into:
- Preservatives
- Antioxidants
- Processing Aids and Additives
- Energy Supplements
- Others
On the basis of end use, the market can be segmented into:
- Food and Beverages
- Pharmaceuticals
- Others
The regional markets include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The glucuronolactone industry is benefiting from increased investments in the pharmaceutical sector. This is owing to the rising use of glucuronolactone as a medicinal ingredient, where it is used to maintain homogeneity and other characteristics. Furthermore, the growing elderly population, as well as the rising prevalence of chronic disorders, are driving market expansion. Furthermore, glucuronolactone's broad application in the food and beverage industry as a curing, pickling, and leavening agent is expected to drive market expansion.
Latest News on Glucuronolactone Market: https://www.expertmarketresearch.com/pressrelease/global-glucuronolactone-market
Key Market Players
The major players in the market are Aceto Corporation, Creative Compounds, Foodchem International Corporation, MilliporeSigma, Shouguang Zhonghe Biochemical Engineering Co. Ltd, and Others.
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