leaders must lay greater strategic emphasis on R&D, capacity expansion,
regional presence, and product portfolio development through mergers and
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
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Takeaways of Glucuronolactone Market Study
- Grade 0.99 glucuronolactone
continues to capture leading market share.
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.
Market – Top Growth Drivers
- Long-standing ban
on glucuronolactone has been lifted by prominent countries thereby driving
- Increased per
capita expenditure on cosmetics and personal care products is bolstering market
- Consumers in
developed countries increasingly favour glucuronolactone containing supplements
which is a significant growth engine.
usage as a flavoring and emulsifier agent is generating demand in cereals and
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.
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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.
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).
Extensive Coverage of FMI’s Food & Beverages Landscape
Supplements Market – FMI’s
panoramic analysis on global dietary supplements market helps stakeholders
identify challenges and opportunities. The study covers key regions,
competitive landscape, winning imperatives, and key recommendations.
Encapsulation Market – Get
incisive insights on global food encapsulation market covering important market
dynamics, current and historical growth parameters, and future growth prospects
Supplements Market – Gather
deep-dive analysis of global probiotic supplements market encompassing market
performance parameters, key trends, revenue forecast, and value projection
along with market share analysis of key players.
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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