Glucuronolactone Market to Exhibit Steady Growth through 2029

Market
leaders must lay greater strategic emphasis on R&D, capacity expansion,
regional presence, and product portfolio development through mergers and
acquisitions.

Future
Market Insights, Dubai:
Global glucuronolactone
market
is poised for steady growth at a CAGR of ~4% during the forecast
period (2019-2029). Augmented demand in flourishing food and pharmaceutical
industries is to be ascribed for this growth projection. Glucuronolactone-based
supplements have gained noteworthy momentum owing to enhanced consumer sentience
regarding health concerns, says the FMI analyst.

“Food and pharmaceutical industries continue
to hold majority share in glucuronolactone market. While developed regions such
as Europe and North America account for substantial demand, East Asia will
witness significant growth in glucuronolactone market,” forecasts the FMI
report.

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Key
Takeaways of Glucuronolactone Market Study

  • Grade 0.99 glucuronolactone
    continues to capture leading market share.
  • Dietary
    supplements to remain preferred form of glucuronolactone intake by consumers,
    with energy drinks closing in.
  • Functional food
    industry will propel demand for glucuronolactone through 2029.
  • North America
    will generate remunerative opportunities in global glucuronolactone market.
  • The profit pool
    is primarily concentrated in food & beverages industry.

Glucuronolactone
Market – Top Growth Drivers

  • Long-standing ban
    on glucuronolactone has been lifted by prominent countries thereby driving
    consumption.
  • Increased per
    capita expenditure on cosmetics and personal care products is bolstering market
    growth.
  • Consumers in
    developed countries increasingly favour glucuronolactone containing supplements
    which is a significant growth engine.
  • Glucuronolactone
    usage as a flavoring and emulsifier agent is generating demand in cereals and
    bakery segments.

Glucuronolactone
Market – Key Restraints

  • Growing adulation of plant-based products amongst consumers is a major roadblock for glucuronolactone market growth.
  • Excessive intake of glucuronolactone-based supplements can be life-threatening for consumers thereby restraining market growth.
Glucuronolactone Market Grapf

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analysts for detailed insights
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Competitive
Landscape

Some of the key market players profiled in the
report include, but are not limited to, Foodchem International Corporation, Living
Essentials Marketing, Serious Nutrition Solution, Red Bull GmbH, Merck
Millipore Corporation, Roquette Frères, Monster Energy, LiveLong Nutrition, and Anhui Fubore.
Mergers and acquisitions are the key developmental strategies being adopted by
leading market players. For instance, Sigma-Aldrich was acquired by Merck Millipore Corporation which allowed the
latter to expand its foothold in Asian and North American markets. On the other
hand, Crest Cellulose was acquired by Roquette Frères (2018) which fortified the market positioning
of both companies in pharmaceuticals and cosmetics industries.

More about
the Report

The 250-page study offers an in-depth market
forecast and analysis on glucuronolactone market. The major categories
encompassed by the report include grade (0.97, 0.985, 0.99, 1.01, 1.02),
end-use (functional food, energy drinks, cosmetics, pharmaceuticals, dietary
supplements) across seven regions (Middle East & Africa, Oceania, Europe,
Latin America, South Asia, East Asia, North America).

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About Future
Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

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