Global Glucuronolactone Market to Grow at a CAGR of 5% During 2024-2032, Aided by the Rising Investments in the Pharmaceutical Industry

The increased investment in the pharmaceutical sector is driving the global glucuronolactone industry. This can be attributed to the rapidly increasing chronic illnesses worldwide and the rising geriatric population globally, which is more susceptible to severe ailments and injuries. Moreover, the heightened demand for glucuronolactone in the food and beverages sector is also predicted to aid the market growth in the coming years. Glucuronolactone is utilised as an additive, preservative, acidifier, leavening, and curing agent in the food and beverages industry.

The intake of energy supplements prior to strenuous physical activities such as workouts or sports is believed to enhance performance and improve concentration. The increased demand for energy supplements among fitness enthusiasts and the working population is also anticipated to contribute to the market growth. Consequently, the market players are increasingly investing in the development of glucuronolactone based energy supplements to enhance their utility through new production strategies. Glucuronolactone is used in energy drinks to aid in the prevention of glycogen depletion. Moreover, the easy availability of energy drinks through online channels is also expected to benefit the market. For instance, a wide range of energy supplements are available on Amazon (NASDAQ: AMZN), wherein consumers can purchase these in bulk at cost-effective rates. These factors are expected to positively impact the glucuronolactone industry growth in the forecast period.

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Market Breakup by Application, End Use, and Region:

• The market is divided based on application into preservatives, antioxidants, processing aids and additives, and energy supplements, among others.

• On the basis of end use, the market can be categorised into food and beverages, pharmaceuticals, and others.

• Region-wise, the global market for glucuronolactone can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for glucuronolactone is being driven by the increased investments in the pharmaceutical industry.

• The growing demands for energy and nutritional supplements have significantly contributed to the market expansion. 

• Rising investments in the R&D of glucuronolactone are also aiding the industry growth. 

• The heightened demand for glucuronolactone as a preservative and additive in the food and beverages industry is further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for glucuronolactone for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the applications, end uses, and regions of glucuronolactone.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global glucuronolactone market are Aceto Corporation, Creative Compounds, Foodchem International Corporation, Millipore Sigma, and Shouguang Zhonghe Biochemical Engineering Co. Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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