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The glucuronolactone market share is expected to increase to USD 78.98 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.3%.
The report extensively covers glucuronolactone market segmentations by the following:
The glucuronolactone market report offers information on several market vendors, including Aadhunik Industries, Aceto US LLC, Anhui Fubore Pharmaceutical And Chemical Co. Ltd., Anmol Chemicals Group, Creative Compounds, Fengchen Group Co. Ltd., Foodchem International Corp., Hubei Yitai Pharmaceutical Co. Ltd., Jungbunzlauer Suisse AG, Merck KGaA, Newseed Chemical Co. Ltd., NutriScience Innovations LLC, Roquette Freres SA, Samex Overseas, Sancai Industry Co. Ltd., Shandong Baisheng Biotechnology Co. Ltd., Shandong Fuyuang Bio Tech Co. Ltd., and Shandong Xinhong Pharmaceutical Co. Ltd. among others.
This glucuronolactone market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The rising demand for sports supplements is notably driving the glucuronolactone market growth, although factors such as the challenging regulatory environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glucuronolactone industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Glucuronolactone Market Driver
The rising demand for sports supplements is one of the key drivers supporting the glucuronolactone market growth. The intake of glucuronolactone present in dietary supplements, along with a balanced diet, can help athletes, sportspersons, and fitness training enthusiasts achieve superior performance in sports and everyday activities. It can also help reduce exhaustion and strain. These supplements can also, up to some level, mitigate health issues that arise from sedentary lifestyles and fast-food eating habits by strengthening the body's immunity and resisting diseases. Thus, the increase in the consumption of dietary supplements is expected to drive the growth of the market during the forecast period.
Key Glucuronolactone Market Trend
The aging population is increasing the spending on healthy diets is one of the key glucuronolactone market trends fueling the market growth. With advancing age, health conditions and disorders such as poor visibility, joint pain, and weakness of the bones become common. However, with proper intake of dietary supplements such as vitamins and calcium, the onset of these conditions can be considerably delayed. It is estimated that around one-fifth of the overall consumers of dietary supplements currently come into the aging category. Most manufacturers of dietary supplements have started focusing specifically on these consumers by providing specialized products to address age-related disorders, such as supplements for the heart and bones. Such factors are expected to propel the older population segment, which, in turn, will fuel the demand for glucuronolactone during the forecast period.
Key Glucuronolactone Market Challenge
The challenging regulatory environment is one of the key factors impeding the glucuronolactone market growth. For instance, the European Food Safety Authority (EFSA) has concluded that exposure to glucuronolactone from regular consumption of energy drinks is not a safety concern. The no-observed-adverse-effect level of glucuronolactone is 1000 mg/kg/day. In view of this, stringent regulations are employed during the manufacturing process to ensure a standard of safety and quality expected from health supplements. The FDA has banned some categories of supplements that are detrimental to health, such as vitamin B6 and other energy drugs. The tightening of such regulations is expected to become a challenge for manufacturers as they will have to spend an increased amount of capital on R&D, complex manufacturing solutions, and safety testing. Such factors will hamper the growth of the glucuronolactone market during the forecast period.
This glucuronolactone market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the glucuronolactone market encompasses successful business strategies deployed by the key vendors. The glucuronolactone market is fragmented and the vendors are deploying growth strategies such as productivity, product quality, technology, and pricing strategy to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The glucuronolactone market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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41% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the glucuronolactone market in North America. Market growth in this region will be slower than the growth of the market in Europe.
The aging baby boomer population, who are more attentive to healthy aging than their predecessors to prevent age-related diseases will facilitate the glucuronolactone market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a positive impact on the regional market growth. Furthermore, the launch of new dietary and energy drinks in the region will increase the demand for glucuronolactone consumption. Thus, such an increase in demand will drive the glucuronolactone market growth during the forecast period.
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The glucuronolactone market share growth by the dietary supplements segment will be significant during the forecast period. Dietary supplements are manufactured food products that are consumed in addition to regular meals. These supplements provide extra and essential nutrients, which are usually not present in daily meals. The primary factors driving the demand for dietary supplements are the increase in consumer awareness and the availability and importance of preventative medicines and healthcare products around the globe. Hence, the demand for dietary supplements will increase the demand for glucuronolactone during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the glucuronolactone market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global glucuronolactone market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the glucuronolactone market during the forecast period.
Our report provides extensive information on the value chain analysis for the glucuronolactone market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Glucuronolactone Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
Market growth 2022-2026 |
$ 78.98 million |
Market structure |
Fragmented |
YoY growth (%) |
3.95 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aadhunik Industries, Aceto US LLC, Anhui Fubore Pharmaceutical And Chemical Co. Ltd., Anmol Chemicals Group, Creative Compounds, Fengchen Group Co. Ltd., Foodchem International Corp., Hubei Yitai Pharmaceutical Co. Ltd., Jungbunzlauer Suisse AG, Merck KGaA, Newseed Chemical Co. Ltd., NutriScience Innovations LLC, Roquette Freres SA, Samex Overseas, Sancai Industry Co. Ltd., Shandong Baisheng Biotechnology Co. Ltd., Shandong Fuyuang Bio Tech Co. Ltd., and Shandong Xinhong Pharmaceutical Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Grade Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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