The growing healthcare and pharmaceutical industries, coupled with the popularity of energy drinks and supplements will be the major factors influencing the market growth.
Market Size – USD 350.8 Million in 2020, Market Growth – CAGR of 3.64%, Market Trends – Rise in import-export of Glucuronolactone worldwide.
The global glucuronolactone market is expected to reach USD 465.2 Million by 2028, according to a new report by Reports and Data. This can mainly be associated with the growing healthcare and pharmaceutical industries, coupled with the popularity of energy drinks and supplements.
The high usage of chemical or metabolite in food & drug poisoning, hepatocirrhosis & hepatitis as well as the adjuvant drugs for curing of rheumatoid arthritis will encourage market growth over the forecast period. The product is also used as a predecessor in the synthesis of vitamin C, which will push the expansion of the market. It is simultaneously converted and metabolized into non-toxic components as it enters the body.
Moreover, the popularity of energy drinks and supplements by athletes, sportsmen, and gym professionals will fuel the growth of the market, as these provide ergogenic aid that supports them in the recovery from muscle strain. It also helps to improve stamina, mental health, and physical strength. Glucuronolactone-based products may have a range of side effects when consumed, which will be a hindrance to the growth of the market.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
Shaoxing Marina Biotechnology Co.,Ltd., Hubei Yitai Pharmaceutical Co., Ltd, Foodchem International Corporation, Merck Millipore Corporation, Suzhou No. 5 Factory Pharmaceutical, Creative Compounds, Anhui Fubore, Shouguang Zhonghe Biochemical, and Aceto Corporation, among others.
Market Segmentation by Types:
Product type Outlook (Volume, Kilo tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Application Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Million; 2020-2028)
Industry verticals Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Million; 2020-2028)
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Glucuronolactone market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
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Further key findings from the report suggest
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