Glucuronolactone is a naturally occurring odorless compound and is commonly found in higher concentration in energy drinks. It is an important normal human metabolite formed from glucose, but is only present in small amounts in the diet. Balanced dosage of glucuronolactone may improve liver function through its link with glucuronidation.
Major factors driving growth of the global glucuronolactone market include high demand from food & beverages industry for preparation of various functional foods and energy drinks and pharmaceuticals industry to treat various diseases such as arthritis, rheumatoid arthritis, food and drug poisoning. Increasing health awareness among individuals, coupled with increasing disposable income is another factor expected to support growth of the global glucuronolactone market over the forecast period. Prominent factors hampering growth of the market include high prices of glucuronolactone and side effects caused by high consumption.
The global glucuronolactone market report has been segmented on the basis of product, application, and region. On the basis of products, the global glucuronolactone market is segmented into powder, tablet, and liquid. Liquid accounted for major revenue share compared to other products, owing to high demand for energy drinks.
On the basis of application, the global glucuronolactone market is segmented into pharmaceuticals and food & beverages. Food & beverages accounted for major revenue share, owing to high demand for functional foods and increasing health concerns among consumers.
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On the basis of region, the global glucuronolactone market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America estimated to dominate the global glucuronolactone market in terms of revenue, owing to presence of various manufacturers and increasing demand for functional food & beverages. The market in Asia Pacific is expected to account for second-highest revenue share, owing to increasing health awareness among consumers in countries in the region.
Key players in this market include Rockstar Inc., Monster Energy, Red Bull GmbH, Aceto Corporation, Anhui Fubore Pharmaceutical & Chemical Co., Ltd., Creative Compounds, LLC, Foodchem International Corporation, Hubei Yitai Pharmaceutical Co., Ltd., Merck Millipore Corporation, and Shaoxing Marina Biotechnology Co., Ltd.