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The glucuronolactone market size was USD 350.1 million in 2021 and is expected to register a revenue CAGR of 5.9% during the forecast period.

NEW YORK CITY, NY, UNITED STATES, June 14, 2023/EINPresswire.com/ -- The Glucuronolactone Market in 2021 was USD 350.1 million and is projected to experience a revenue CAGR of 5.9% throughout the forecast period. The global growth of the glucuronolactone market is driven by several key factors, including changing lifestyles, increased internet penetration leading to greater consumer awareness of health and fitness, and the growing use of glucuronolactone as a detoxifying agent in functional beverages. Glucuronolactone is primarily utilized in the production of energy drinks, which can enhance attention and improve athletic performance. It is a naturally occurring substance found in small amounts in nearly all connective tissues within the body, but it can also be synthetically manufactured for use as a performance enhancer and recovery aid in the Food & Beverages (F&B) industry.

Moreover, the expanding healthcare and pharmaceutical sectors are anticipated to contribute to the market's revenue growth. Glucuronolactone is widely employed in joint treatments to enhance muscle function and promote mental health. This white, solid substance, known as D-glucuronic-gamma-lactone, occurs naturally and offers various physical benefits, making it popular in bodybuilding and fitness.

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It also provides several mental benefits, which have garnered attention from the medical industry. In addition to improving physical performance, glucuronolactone has demonstrated evidence of enhancing mental performance. Experiments have shown that subjects' response time, focus, and memory significantly improved after consuming an energy drink containing glucuronolactone.

Segments Covered in the Report –

The glucuronolactone market offers various types of products to cater to different preferences and applications. These types include powder, liquid, and tablet/capsule forms. Each form provides convenience and versatility for consumers and manufacturers alike.

In terms of applications, glucuronolactone serves multiple purposes. It can be used as a preservative to extend the shelf life of products and maintain their quality. Additionally, it acts as an antioxidant, helping to protect against the damaging effects of free radicals. Glucuronolactone also functions as a processing aid and additive, enhancing the production processes of various industries. Moreover, it is widely used in energy supplements, where it contributes to boosting energy levels and promoting overall vitality. Lastly, it finds application in other diverse areas, leveraging its unique properties.

The end-use outlook of the glucuronolactone market encompasses various sectors. One prominent area is dietary supplements, where glucuronolactone is incorporated to support overall health and well-being. It is also a key ingredient in energy drinks, providing consumers with a quick and refreshing energy boost. Additionally, the pharmaceutical industry harnesses the benefits of glucuronolactone in the formulation of medicines, particularly those aimed at improving specific health conditions. Cosmetics is another sector that utilizes glucuronolactone for its potential skin-enhancing properties. Lastly, the market extends to functional food, where glucuronolactone adds value to food products by offering nutritional benefits and promoting wellness.

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Strategic development:

In August 2, 2022, PepsiCo made a significant investment of USD 550 million in the functional energy drink company, Celsius. This move reflects PepsiCo's strategic objective to enhance its presence in the energy category and capitalize on the potential for industry growth and innovation. Alongside the investment, a long-term strategic distribution partnership has been established between the two companies. As part of this partnership, PepsiCo will assume distribution responsibilities within the United States and become the preferred partner for international distribution.

Competitive Landscape:

The global glucuronolactone market is characterized by a consolidated competitive landscape, with a small number of key players operating at both global and regional levels. These major players in the market are actively involved in product development and strategic alliances to expand their product portfolios and establish a strong presence in the global market.

Some of the prominent companies operating in the glucuronolactone market include Hubei Yitai Pharmaceutical Co., Ltd., Shaoxing Marina Biotechnology Co., Ltd, Merck KGaA, Foodchem International Corporation, Anhui Fubore Pharmaceutical and Chemical Co., Ltd., Jungbunzlauer Suisse AG, Roquette Frères, Shandong Fuyang Bio-Tech CO.LTD., Actylis, and Suzhou Fifth Pharmaceutical Factory Co.

These companies are focused on continuous innovation and research to introduce new and improved glucuronolactone products that cater to the evolving consumer demands. Additionally, they are actively forming strategic partnerships and alliances with other industry players to strengthen their distribution networks and expand their market reach.

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With their extensive experience and expertise in the glucuronolactone market, these key players play a crucial role in driving the growth and development of the industry. Their competitive strategies and market presence contribute significantly to shaping the overall dynamics of the global glucuronolactone market.

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