The global glucuronolactone market is anticipated to grow at a significant CAGR during the forecast period. Glucuronolactone is a chemical made by the body as well as found in foods or is made in laboratories that is used as an ingredient in energy drinks to increase the attention and athletic performance of a person. The major factor for the growth of the market during the forecast period is the growing pharmaceutical industry. Glucuronolactone is used in the treatment of joints as it increases muscular functions. It also enhances mental health and physical strength as well as increases stamina.
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According to the Congressional Budget Office (CBO), the pharmaceutical industry spent $83 billion on R&D in 2019 in the US. Hence, the growing pharmaceutical industry is driving the growth of the market during the forecast period. Moreover, other factors driving the market growth is a shift in consumer lifestyles and growing awareness regarding health consciousness. Additionally, the growing demand and popularity of healthcare drinks and supplements in athletes, sportsmen, and gym professionals are driving the growth of the market. Furthermore, high usage of chemicals or metabolites in food and drug along with the adjuvant drugs for the treatment of rheumatoid arthritis will further drive the market growth.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Application
o By End-Use
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Merck KGaA, and Hubei Yitai Pharmaceutical Co.Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Glucuronolactone Market Report by Segment
By Type
- Powder
- Liquid
- Tablet/Capsule
By Application
- Preservatives
- Antioxidants
- Processing Aids & Additives
- Energy Supplements
- Others
By End-Use
- Dietary Supplements
- Energy Drinks
- Pharmaceuticals
- Cosmetics
- Functional Food
A full report of Glucuronolactone Market is available at: https://www.omrglobal.com/industry-reports/glucuronolactone-market
Glucuronolactone Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Merck KGaA
- Hubei Yitai Pharmaceutical Co. Ltd.
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