Glucuronolactone Market Insights, Analysis and Segment Forecasts to 2024: Hexa Reports

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Glucuronolactone Market Analysis, Share and Size,

Emerging Trends, Growth, Overview And Segment

Forecasts To 2024

The global glucuronolactone market is expected to reach USD 436.5 million by 2024, according to a new

report by Grand View Research, Inc. Growing consumer awareness towards the use of glucuronolactone

in various food & beverage products including energy drinks and nutrition supplements will augment

industry growth over the next eight years.

Growing use of the product for manufacturing pharmaceutical drugs and health supplement is expected

to fuel industry growth over the forecast period. The positive outlook towards sports nutrition in light of

increasing importance of active lifestyle will promote market expansion.

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Food & beverage was the prominent end-use segment and was valued at USD 155.1 million in 2015.

Rising health conscious population in the urban region is expected to fuel demand growth over the

forecast period. Rising disposable income, increasing health awareness, growing population in various

countries including the U.S., Brazil, India and China will promote market growth over the upcoming

years.

Further key findings from the report suggest

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Pharmaceutical application will witness the fastest growth at a CAGR of 7.0% from 2014 to 2024 as a

result of increasing usage of glucuronolactone based tablets and supplements to cure arthritis,

hepatocirrhosis, and hepatitis. Furthermore, recovery of pharmaceutical industry in the U.S. is expected

to drive market growth over the forecast period.

North America glucuronolactone market was valued at USD 106.7 million in 2015 and will show

significant rise owing to growing demand for energy drinks and nutritional supplements. Moreover,

adoption of glucuronolactone as a...