Global Glucuronolactone Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global glucuronolactone market in its upcoming report titled, “Global Glucuronolactone Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global glucuronolactone market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global glucuronolactone market report has been segmented on the basis of product, application, and region.

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Glucuronolactone is a white solid odorless compound occurring naturally in humans, animals, and in plant gums, which is an important component for all connected tissues. It is a substance produced by the metabolism of glucose in the human liver. Glucuronolactone serves as an essential antioxidant for ascorbic acid synthesis and as a structural component of connective tissues.

Increasing demand for glucuronolactone from end-use industries such as food & beverages and pharmaceuticals, owing to its various health benefits is a key factor driving growth of the global glucuronolactone market. Increasing adoption of glucuronolactone in energy drinks and functional foods as an additive to act as a detoxifying agent and remove toxic substances through body waste, fueled by increasing health awareness among consumers are other factors expected to boost growth of the global glucuronolactone market over the forecast period.

Rising demand for glucuronolactone in pharmaceuticals as a dynamic ingredient in formulation of various medicines to treat hepatitis, food and drug poisoning and in regulating immune system is on the rise. In addition, increasing demand from athletes and bodybuilders are other factors expected to further boost growth of this market.

However, high price of glucuronolactone and various side effects associated with high consumption of glucuronolactone such as disorientation, dizziness and rapid heartbeat are some major factors expected to hamper growth of the global glucuronolactone market over the forecast period.

The market in North America is expected to dominate the global glucuronolactone market and expected to account for major share in terms of revenue, owing to presence of various domestic and international market players and high demand from food & beverages industry in countries in the region. The market in Asia Pacific is expected to account for second-highest revenue share, owing to increasing demand for heathy drinks coupled with increasing disposable income in countries in the region. The market in Asia Pacific is followed by, Europe, Latin America, and Middle East & Africa.

Global glucuronolactone market segmentation:

Segmentation by products:

• Powder
• Tablet
• Liquid

Segmentation by application:

• Pharmaceutical
• Food & beverage

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa