Global glucuronolactone sales reached USD 257.5 million in 2015. This market is expected to grow due to the rising pharmaceutical sector. Glucuronolactone, a chemical substance naturally found in connective tissue, such as cartilage, ligaments, and tendon, is an important part of the human body. This product can also be derived from plant gums, and is called a glucuronic Acid lactone.
The industry will expand over the forecast period due to its energizing qualities and increasing consumption in pharmaceuticals & energy drinks. Industry growth will be boosted by high use in food & drugs poisoning, liver disease, hepatitis, and adjuvant drugs to treat rheumatoidarthritis. This product is used in the precursor to vitamin C synthesis, which will drive industry growth. When glucuronolactone is introduced to the body, it quickly converts and is metabolized into substances that are safe for human health.
U.S. glucuronolactone Market Revenue, End-Use, 2013-2024 (USD Million).
A rising food and beverage sector due to increasing income levels, as well as growing urban populations is expected to drive growth. Moreover, growth is expected to be driven by increasing demand from emerging economies such as China, India and South Africa, Saudi Arabia. Egypt, Israel, Israel, and South Africa.
The industry will be driven by a growing demand for instant energy products like Monster, Red Bull, and Rockstar over the forecast period. Over the next eight year, new markets will be opened by continued research and development.
Due to rising concerns about health conditions among consumers in India and China, the U.S. and Japan, the pharmaceutical segment will experience rapid growth at 7.0% CAGR from 2016-2024. In the United States, an increasing elderly population and a deskbound lifestyle will increase product demand over eight years.
Food & Beverage was the dominant sector accounting for 60.2%. This sector is expected to grow due to its high use as an active ingredient in energy drinks, and in health-related foods. Glucuronolactone, which converts toxins to water-soluble glucuronide, is well-known for its detoxifying abilities. The growth is expected to be accelerated by a growing urban population that is more health-conscious.
North America was responsible for 41.4% market share in 2015. It will see a significant increase in demand due to the increased use of glucuronolactone nutritional supplements in the U.S.
Companies including Red Bull, Rockstar Inc., and Monster launched various glucuronolactone-containing drinks that have been very popular in the region, which will create immense potential over the forecast period. Due to the restrictions on the use of glucose in traditional beverages, most of these drinks are sold as supplements.
Europe is set to experience substantial growth between 2016 and 2024 at 7.2% CAGR. This is due to the increased use of glucuronolactone as a prescription drug for the treatment or hepatitis, bone disease and collagen disease in Germany and the UK. The market growth will be aided by government support and increased investment in R&D.
Aceto Corporation, Anhui Fbore Pharmaceutical and Chemical Co., Ltd., Creative Compounds, LLC, Foodchem International Corporation, Hubei Yitai Pharmaceutical Co., Ltd., Merck Millipore Corporation, Shaoxing marina Biotechnology Co., Ltd., Shouguang Zohonghe Biochemical Co. Ltd., and Suzhou Pharmaceutical Group Co., Ltd. are key players in this market.
Rockstar, Monster Energy, Red Bull GmbH, Rockstar, Inc., Rockstar, Inc., Red Bull GmbH, Living Essential Marketing, LLC, Live, and Live are key end-users.
Hubei Yitai Pharmaceutical Co., Ltd provides glucuronolactone as a food ingredient. It is used widely in functional drinks and health foods. This product helps with fatigue recovery, immune function, anti-aging and moistening the skin.
Red Bull Energy drink is a major end-user. It offers its products in more than 169 countries and has approximately 6 billion cans annually. Red Bull's main market is the United States and Western Europe.
Up Market Research published a new report titled “Glucuronolactone Market research report which is segmented by End-Use (Food & Beverage, Pharmaceutical), By Players/Companies Shaoxing Marina Biotechnology Co, Ltd, Ltd, Anhui Fubore Pharmaceutical & Chemical Co, Suzhou Pharmaceutical Group Co, Creative Compounds, Aceto Corporation, LLC, Ltd, Shouguang Zhonghe Biochemical Co Ltd, Hubei Yitai Pharmaceutical Co, Merck Millipore Corporation, Ltd, Foodchem International Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Glucuronolactone Market Research Report |
By End-Use | Food & Beverage, Pharmaceutical |
By Companies | Shaoxing Marina Biotechnology Co, Ltd, Ltd, Anhui Fubore Pharmaceutical & Chemical Co, Suzhou Pharmaceutical Group Co, Creative Compounds, Aceto Corporation, LLC, Ltd, Shouguang Zhonghe Biochemical Co Ltd, Hubei Yitai Pharmaceutical Co, Merck Millipore Corporation, Ltd, Foodchem International Corporation |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 236 |
Number of Tables & Figures | 166 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End-Use (Food & Beverage, Pharmaceutical).
Glucuronolactone Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Glucuronolactone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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