-- A publication on the “Global Glucuronolactone Market Size 2017 By End-use (Food & Beverages, Pharmaceuticals, and Others), By Region, and Forecast 2018 To 2025” was launched by Adroit Market Research. The study covers the global glucuronolactone market size (revenue) and consumption patterns over a period of 11 years, between 2015 and 2025. The glucuronolactone industry analysis is done using Porter’s Five Forces and PESTEL models. The report covers glucuronolactone market insights such as drivers and restraints. The report encompasses detailed information on the key players that hold a leading place in the global glucuronolactone market share.
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The global glucuronolactone market size is estimated to exceed USD 360 million by 2025. Increasing consumption of energy drinks is the key factor to drive the demand for glucuronolactone over the forecast period.
Glucuronolactone, which is naturally found in the human body is formed during the metabolism of glucose. The molecule is also known to remove toxins from the body and is also an important precursor for the synthesis of vitamin C. Glucuronolactone is known to produce positive effects on the body such as increasing physical efficiency and endurance. Therefore, glucuronolactone is an essential ingredient in energy drinks. Energy drinks are functional beverages specifically made for giving a spontaneous boost of energy to the body. Apart from boosting energy, energy drinks also boost attention levels and memory. Thus, these drinks are consumed by athletes and working population in order to maintain their energy level. Glucuronolactone is also used in food supplements in the form of powders or tablets to give the required energy boost. Glucuronolactone is also used in the pharmaceutical industry where it is used to produce drugs for the treatment of hepatocirrhosis, hepatitis, and arthritis among others. It is also used in healthcare & personal care applications and in animal & poultry feed.
The growth in the global glucuronolactone market is mainly due to increasing application across food & beverage and pharmaceutical industry. Food & beverage accounted for a significant market share owing to the growing consumption of energy drinks. Rapid urbanization and increasing consumer spending, which has led to high demand for convenience products, is the key factor to drive the global glucuronolactone market size. Furthermore, increasing application of glucuronolactone in the pharmaceutical industry is also a key factor to drive the demand for glucuronolactone market over the forecast period.
North America contributed to 40.7% of the global glucuronolactone market share in 2017. A shift in consumer lifestyle along with increased spending is the key factor to drive the demand for glucuronolactone in Asia Pacific. Overall, the global glucuronolactone market is projected to show steady growth in demand over the forecast period. Some of the leading players in the global glucuronolactone market include Shaoxing Marina Biotechnology Co. Ltd., Hubei Yitai Pharmaceutical Co. Ltd., Merck Millipore Corporation, and Aceto Corporation.
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Key segments of the global glucuronolactone market
End use Overview, 2015-2025 (USD Million)
• Food & Beverages
• Pharmaceuticals
• Others
Regional Overview, 2015-2025 (USD Million)
• North America
• U.S.
• Rest of North America
• Europe
• Germany
• UK
• France
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa
Reasons for the study
The purpose of the study is to give an exhaustive outlook of the glucuronolactone industry
We have been following the beverage industry from quite some time, especially the energy drinks segment of which glucuronolactone is an essential ingredient
Changing lifestyle of the consumers is among the key factor to drive the demand for energy drinks across the globe, hence fueling the demand for glucuronolactone.
Growing usage of glucuronolactone across pharmaceutical sector for treatment of hepatocirrhosis, rheumatoid arthritis among others is also projected to fuel the demand for glucuronolactone over the forecast period.
What does the report include?
The study on the global glucuronolactone market includes qualitative factors such as drivers, restraints, and opportunities
Additionally, the market has been evaluated using the value chain, Porter’s Five Forces’ analysis and PESTEL analysis
The study covers qualitative and quantitative analysis of the market segmented on the basis of end use and region (and country).
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the glucuronolactone industry, who want an in-depth insight into the developments in the glucuronolactone market. The report will benefit:
Glucuronolactone manufacturers and related raw material manufacturers, suppliers and independent consultants that are engaged in manufacturing or play a role in the supply chain
Managers within financial institutions looking to publish recent and forecasted statistics pertaining to glucuronolactone industry
Venture capitalist looking into investing capital in the industry
Government organizations, regulatory bodies, policymakers and organizations looking for enhancing their policies and services pertaining to glucuronolactone industry
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Info:
Name: Ryan Johnson
Email: Send Email
Organization: Adroit Market Research
Website: https://www.adroitmarketresearch.com/industry-reports/glucuronolactone-market
Release ID: 476304
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