The global glucuronolactone market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Glucuronolactone is a chemical made by the body as well as found in foods or is made in laboratories that is used as an ingredient in energy drinks to increase the attention and athletic performance of a person. The major factor for the growth of the market during the forecast period is the growing pharmaceutical industry. Glucuronolactone is used in the treatment of joints as it increases muscular functions. It also enhances mental health and physical strength as well as increases stamina. 

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According to the Congressional Budget Office (CBO), the pharmaceutical industry spent $83 billion on R&D in 2019 in the US. Hence, the growing pharmaceutical industry is driving the growth of the market during the forecast period. Moreover, other factors driving the market growth is a shift in consumer lifestyles and growing awareness regarding health consciousness. Additionally, the growing demand and popularity of healthcare drinks and supplements in athletes, sportsmen, and gym professionals are driving the growth of the market. Furthermore, high usage of chemicals or metabolites in food and drug along with the adjuvant drugs for the treatment of rheumatoid arthritis will further drive the market growth. 

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Market Coverage

Segment Covered- 

o             By Type

o             By Application

o             By End-Use

Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

Competitive Landscape- Merck KGaA, and Hubei Yitai Pharmaceutical Co.Ltd., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Glucuronolactone Market Report by Segment

By Type 

Powder
Liquid
Tablet/Capsule

By Application 

Preservatives
Antioxidants
Processing Aids & Additives
Energy Supplements
Others

By End-Use 

Dietary Supplements
Energy Drinks
Pharmaceuticals
Cosmetics
Functional Food

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