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.
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.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Application
- By End-Use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Merck KGaA, and Hubei Yitai Pharmaceutical Co.Ltd., among others.
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 @ https://www.omrglobal.com/industry-reports/glucuronolactone-market
Glucuronolactone Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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