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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.<br><br>Get more details @ https://goo.gl/gk3oB6
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Glucuronolactone Market Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024 Fuel Cell Market size worth $25.5bn by 2024
Regional Analysis of Glucuronolactone Market : • 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.
Application Analysis of 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.
Competitive Market Share of Glucuronolactone Market : • 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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