Glucuronolactone Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1840
Glucuronolactone Market size will witness a healthy growth with application in food & beverage and pharmaceutical industry as they are used in energy drinks to provide instant energy. Global energy drinks demand is growing at a significant rate that is boosting the product usage. These are even used by athletes as it provides ergogenic aid that assists in recovery from muscle strain. It helps to boost stamina, improves mental health and physical strength. This enhance sportsmen’s performance with improved focus and clarity. These factors are expected to propel glucuronolactone market.
Growing pharmaceutical industry will provide positive outlook to glucuronolactone market. The product is widely used in joint treatment as it improves muscle function. It is a naturally occurring substance in connective tissues including, ligaments, tendons and cartilage. Initially, energy drinks were niche products and consumed by high end buyers, but with increasing buying power of consumers, people are utilizing the product consistently.
Changing consumers lifestyle and improved health conscious have fuelled glucuronolactone market. In addition, improvement in distribution channel of energy drinks that include Red Bull and Vitavit has resulted in its easy availability, that support product demand.
Glucuronolactone are naturally occurring chemicals produced by liver from glucose and found in nearly all connecting tissues of human body. These are white odourless compounds having melting point range from 176-178° C and soluble in water. They exist in monocyclic aldehyde and bicyclic hemiacetal form. As glucuronides, they combine with toxic substances such as morphine and excrete them by converting into glucuronide conjugate. In addition, they can be derived from plant gums. The product is used in vitamin C synthesis and used for treatment of food poisoning, arthritis, hepatitis and hepatic cirrhosis. Government organizations such as Food and Drug Administration and European Food Safety Authority govern its intake and usage in energy drinks.
Major restraint for glucuronolactone market is its health effects. These can cause problems such as anxiety, insomnia, and muscle twitching. Its intake increases heart rate and harmful for patients suffering from high blood pressure. However, food authorities have stated they do not cause adverse effect if consumed less than 1000 mg/kg/day.
Glucuronolactone is used in different industries including pharmaceutical and food & beverage. Food & beverage is the fastest growing segment and has more than 50% share with its high usage in energy drinks and health supplements. Further, it is a vital ingredient in energy drinks and provides energy and strength thereby reducing exertion of athletes after heavy workout. These are excellent detoxifying agents that improve immunity & oxygen supply to brain, moistens skin and acts as anti-aging. In pharmaceutical industry, these are used in medicines for treatment of bone diseases, hepatitis and collagen diseases.
The product exists in powder, tablet and liquid form. Liquid and powder has larger share as they are widely used in health drinks and supplements. This is mainly due to increasing health awareness among consumers.
Asia Pacific has major share for glucuronolactone market owing to presence of various end use industries including, Red Bull, PepsiCo, Monster Beverage and Hector Beverage. China has maximum number of product manufacturer. There has been a growth in number of fitness centres and health clubs that has enhanced the product consumption in the region. North America, led by U.S. will foresee significant growth for glucuronolactone market due to presence of obese population in this region as it reduces fat storage.
The glucuronolactone market is consolidated with the presence of large industry players. Major players are Shaoxing Marina Biotechnology, Hubei Yitai Pharmaceutical, Foodchem International, Merck Millipore, Creative Compounds, Shouguang Zhonghe Biochemical, Aceto Corporation and Anhui Fubore to name a few.
Companies are adopting various strategies to increase their industry share in glucuronolactone market including, merger and acquisition strategy. For instance, Aceto Corporation has acquired Citron Pharma and Lucid Pharma to increase its market share. Some of the end users are Red Bull, Live, Monster Energy and Rockstar.
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