Glucuronolactone Market is expected to reach USD 436.5 million by 2024. Glucuronolactone is also termed as “D-glucuronolactone” or “D-glucuronic acid” is an organic metabolite found in the body. This solid white odorless compound is a major component in energy drinks and stimulants such as Red Bull. It is formed in the human body when glucose is converted in the liver. It is a water-soluble crystalline component in several connective tissues in the body like cartilage, tendons, and ligaments. The glucuronolactone market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
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The key driving factors responsible for the growth of Glucuronolactone
market :
The factors that are playing a
major role in the growth of glucuronolactone market are rising awareness
regarding healthy lifestyle and growing demand from pharmaceutical and food
& beverage industry. However, the side effects of glucuronolactone on
health may restrain overall market growth in the years to come.
Glucuronolactone market is segmented based on product type, application, and
region.
Liquid, powder, tablet, and other
product types could be explored in glucuronolactone in the forecast period.
Liquid and powder sector accounted for the majority market share of
glucuronolactone and is estimated to lead the overall market in the years to
come. The reason could be excessive use in health supplements and drinks and
rising health awareness among the populace.
The market may be categorized
based on applications like food & beverage, pharmaceuticals, and others
that could be explored in the forecast period. Food & beverage sector
accounted for the substantial market share of glucuronolactone and is estimated
to lead the overall market in the years to come. The reason could be high usage
as an active ingredient in health-related foods and energy drinks. Also, the
pharmaceutical sector is estimated to grow at the highest CAGR in the years to
come as growing concern regarding health disorders.
Globally, North America accounted
for the significant market share of glucuronolactone and is estimated to lead
the overall market in the years to come. The reason behind the overall market
growth could be rising acceptance of glucuronolactone as nutritional
supplements. The United States is a major consumer of glucuronolactone in this
region.
Europe and the Asia Pacific are
also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. Also, the region is
estimated to grow at the highest CAGR in the forecast period. The aspects that
may be ascribed to the growth comprise the rising awareness of glucuronolactone
in prescription drugs for the treatment of bone disease, hepatitis, and
collagen disease. England and Germany are the major consumers of
glucuronolactone in this region.
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