The increased investment in the pharmaceutical sector is driving the global glucuronolactone industry. This can be attributed to the rapidly increasing chronic illnesses worldwide and the rising geriatric population globally, which is more susceptible to severe ailments and injuries. Moreover, the heightened demand for glucuronolactone in the food and beverages sector is also predicted to aid the market growth in the coming years. Glucuronolactone is utilised as an additive, preservative, acidifier, leavening, and curing agent in the food and beverages industry.
The intake of energy supplements prior to strenuous physical activities such as workouts or sports is believed to enhance performance and improve concentration. The increased demand for energy supplements among fitness enthusiasts and the working population is also anticipated to contribute to the market growth. Consequently, the market players are increasingly investing in the development of glucuronolactone based energy supplements to enhance their utility through new production strategies. Glucuronolactone is used in energy drinks to aid in the prevention of glycogen depletion. Moreover, the easy availability of energy drinks through online channels is also expected to benefit the market. For instance, a wide range of energy supplements are available on Amazon (NASDAQ: AMZN), wherein consumers can purchase these in bulk at cost-effective rates. These factors are expected to positively impact the glucuronolactone industry growth in the forecast period.
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The major players in the global glucuronolactone market are Aceto Corporation, Creative Compounds, Foodchem International Corporation, Millipore Sigma, and Shouguang Zhonghe Biochemical Engineering Co. Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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