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Wednesday, January 12, 2022

Global Glucuronolactone Market to be Driven by Rising Health Consciousness in the Forecast Period of 2021-2026

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:

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.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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