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Glucuronolactone Market Trends

  • Report ID: GMI12076
  • Published Date: Oct 2024
  • Report Format: PDF

Glucuronolactone Market Trends

The glucuronolactone industry is experiencing notable growth driven by increasing consumer demand for health and wellness products, particularly in the dietary supplement and energy drink sectors. Its popularity stems from its potential benefits in enhancing energy levels, improving mental performance, and supporting detoxification processes. Additionally, rising awareness of functional foods and beverages has led to broader applications in the food industry. The trend toward natural and clean-label products is further propelling market growth, as manufacturers seek to incorporate glucuronolactone into formulations. Overall, the market is poised for expansion, fueled by innovation and the health-conscious consumer base.
 

The glucuronolactone industry is driven by several key factors, including the rising prevalence of health-conscious consumers seeking functional foods and supplements that enhance energy and mental clarity. Increasing demand for energy drinks among millennials and Gen Z is further propelling market growth, as these demographics prioritize quick energy solutions. Additionally, the expanding sports nutrition segment highlights glucuronolactone's appeal for improving athletic performance and recovery. The trend towards clean-label and naturally sourced ingredients is also influencing product formulations, prompting manufacturers to innovate and incorporate glucuronolactone, thus driving market expansion and diversification in various applications.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of glucuronolactone reached USD 434.3 million in 2023 and is estimated to grow at a 5.7% CAGR from 2024 to 2032, driven by increasing demand for energy drinks and functional foods.

The powder segment was valued at USD 283.8 million in 2023 and is anticipated to expand at a 5.8% CAGR during 2024 to 2032, favored for its versatility and ease of formulation in various products.

The U.S. market accounted for USD 85.7 million in 2023 and is expected to witness a 5.7% CAGR until 2032, led by a robust health and wellness trend and a significant consumer base focused on fitness.

The key players in the industry include Aadhunik Industries, Anhui Fubore Pharmaceutical & Chemical, Anmol Chemicals, Foodchem International, FUJIFILM Wako Pure Chemical Corporation, Hubei Yitai Pharmaceutical, Jungbunzlauer, Merck, Muby Chemicals, and Shandong Fuyuan Bio-Tech.

Glucuronolactone Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 165
  • Countries covered: 18
  • Pages: 235
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