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2021
Glucuronolactone Market

Glucuronolactone Market by End Use (Dietary Supplements, Energy Drinks, Pharmaceuticals, Cosmetics, and Functional Food), Type (Powder, Liquid, and Tablet/Capsule), and Application (Preservatives, Antioxidants, Processing Aids & Additives, Energy Supplements, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13550
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Dec 2021 | 113 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

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The organic metabolite glucuronolactone, even known as "D-glucuronolactone" or "D-glucuronic acid," is found in the body. This odorless solid white chemical is a key ingredient in energy drinks and stimulants like Red Bull. When glucose is processed in the liver, it is created in the human body. It is a water-soluble crystalline component found in cartilage, tendons, ligaments, and among other connective tissues. The glucuronolactone market is expected to rise at a high CAGR during the forecast period, owing to the increase in scope and uses of the product around the world. As they are utilized in energy drinks to deliver rapid energy, the glucuronolactone market is anticipated to develop at a healthy rate due to their application in the food & beverage and pharmaceutical industries. The global demand for energy drinks has increased at a rapid rate, resulting in increased product utilization. These are even utilized by athletes since they provide an ergogenic assistance that aids in muscle rehabilitation.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

 Segments Covered

 End Use, Type, Application, and Region

 Companies Covered

Hubei Yitai Pharmaceutical Co.Ltd., Shaoxing Marina Biotechnology Co.Ltd., Merck Millipore Corporation, Functional Food chem International Corporation, Anhui Fubore Pharmaceutical & Chemical Co.Ltd., Jungbunzlauer, Roquette Frères, Shandong Fuyuan Bio-Tech CO.LTD., Shandong Xinhong Pharmaceutical Co., Ltd., and Shandong Baisheng Biotechnology Co., Ltd.


COVID-19 Impact Analysis

  • The current COVID-19 outbreak, which has wreaked havoc on global trade and industry, is expected to hamper the glucuronolactone market. Producers have been impacted by the decline in demand.
  • Apart from demand, the COVID-19 pandemic has disrupted the supply chain, with businesses experiencing significant delays in obtaining the raw materials they require. Inventory management has become particularly difficult for producers as a result of this.
  • COVID-19's lockdown restrictions, combined with manpower shortage, caused in a drop in glucuronolactone output and sales.

Top Impacting Factors

  • The glucuronolactone market is projected to benefit from the growth in pharmaceutical industry. As it increases muscular function, the product is commonly utilized in joint treatment. It is found in connective tissues such as ligaments, tendons, and cartilage as a naturally occurring material.
  • It enhances mental health & physical strength and increases stamina. This improves sportsmen's performance by increasing their focus and lucidity. These reasons are projected to boost the market for glucuronolactones.
  • The glucuronolactone industry has been fueled by changing consumer lifestyles and increased health consciousness. Furthermore, improvements in the distribution route for energy drinks such as Red Bull and Vitavit have resulted in their widespread availability, which has boosted product demand.

Market Trends

The Demand for Gluconolactone is on Rise as People become more Aware of its Health Benefits

Glucuronolactone is found naturally in the brain, heart, & liver of humans and is involved in a variety of physiological functions. Bile acid conjugation, osmoregulation, and membrane stability are some of its metabolic functions. Glucuronolactone deficiency can cause a variety of problems, including cardiovascular illness, retinal degeneration, and epilepsy. Supplementing with glucuronolactone has been shown to be advantageous to one's health. Dietary supplement demand is on rise around the world as people become more health concerned.

This has also raised the consumption of glucuronolactone-containing supplements, resulting in market growth prospects. Increased awareness about a healthy lifestyle and surge in demand from the pharmaceutical and food & beverage industries are two main reasons that drive the growth of the glucuronolactone market. However, the negative health effects of glucuronolactone may limit total market growth in the upcoming years. In addition, due to rise in worry about health concerns, the pharmaceutical industry is expected to develop at the fastest CAGR in the next years.

Surge in Usage in Automotive and Industrial Applications

In the worldwide gluconolactone market, North America is predicted to have the largest share. On the other hand, gluconolactone manufacture in North America and Europe has ceased due to environmental concerns and waste production. However, recent R&D efforts by Chinese manufacturers have shown that waste output in the ethylene oxide process may be reduced. In the worldwide gluconolactone market, such R&D initiatives offer potential prospects.

North America accounted for a substantial market share of glucuronolactone globally, and it is expected to continue to lead the total market in the coming years. The increased acceptability of glucuronolactone as a nutritional supplement could be the reason for the overall market expansion. In this region, the U.S. is a major user of glucuronolactone due to the large number of obese people in this region, which is expected to the market growth significantly.

Key Segments Covered

End Use

  • Dietary Supplements
  • Energy Drinks
  • Pharmaceuticals
  • Cosmetics
  • Functional Food

Type

  • Powder
  • Liquid
  • Tablet/Capsule

Application

  • Preservatives
  • Antioxidants
  • Processing Aids & Additives
  • Energy Supplements
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the glucuronolactone industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the glucuronolactone market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the glucuronolactone market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed glucuronolactone market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Glucuronolactone Market Research Report

  • Which are the leading players active in the glucuronolactone market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is glucuronolactone market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the glucuronolactone market?
 
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