Glucoronolacotane is a naturally occurring chemical found in plant gums. This solid and odorless chemical is an essential structural component for various connective tissues. This chemical is also produced by the human body when glucose gets converted in the liver. As per a research conducted by a Japanese laboratory, glucoronolacotane has certain performance enhancing properties in the form of reducing exhaustion and boosting detoxification. This chemical is mainly found in energy drinks, for instance, a can of red bull contains 600 milligram of glocoronolacotane.
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Rise in sports activities especially swimming, cycling, and running, supplemented with improved lifestyle and growth of the medical industry are expected to play a crucial role in driving the growth trajectories of the global glucoronolacotane market. Glucoronolacotane are widely used by athletes for improving endurance and sustaining energy for a longer period of time. Further, glucoronolacotane is an essential component used by the medical industry since it is considered beneficial for building the ligaments, joints and tendons stronger and more flexible. This chemical also helps in detoxifying the liver, and thus its addition supports the body to eliminate toxins and thereby enhance the body’s tolerance level. Therefore, increasing awareness regarding the benefits associated with chemical and improved lifestyle which is in turn supplemented by an increase in purchasing power will help the market to grow during the forecast period.
However, there have been certain reports which stated health related risks associated with the use of glucoronolacotane containing products. Moreover, the claims made by the glucoronolacotane containing products might not always be true. These issues might have mild restraining effects and hamper the growth of the market over the forecast period.
The global glucoronolacotane market can be segmented based on end users and region. The end users segment can be further segmented into, pharmaceutical industry and food and beverages industry. The pharmaceutical industry is expected to capture a significant portion of the global glocoronolacotane market during the forecast period owing to its extensive use in energy boosting medicines. Further, the food and beverages industry is expected to grow with the fastest growth rate during the forecast period. Glocoronolacotane is widely used in the food and beverages industry in the form of health and energy drinks which are in turn used extensively by sports personalities.
In terms of region, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is projected to lead the market during the forecast period owing to a rise in the number of sports activities and improved lifestyle and rising personal disposable income. The Asia Pacific region has also been witnessing a rise in busier lifestyles which has in turn increased the requirement of health and energy drinks which can help to support the busier lifestyles by boosting high energy levels in case of fatigue. However, North America followed by Europe are also expected to capture a significant chunk of the global glocoronolacotane market share owing to high personal disposable income of its population. High personal disposable supports the growth of the market since the energy drinks containing the glocoronolacotane ingredients are highly expensive. Middle East and Africa and Latin America are also expected to show promising growth in this market.
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Some of the key players operating in the glocoronolacotane market are Creative Compounds, LLC (The U.S.), Anhui Fubore Pharmaceutical & Chemical Co.Ltd. (China), Aceto Corporation (The U.S.), Shouguang City and Biological Chemical Co.Ltd. (China), Hubei Yitai Pharmaceutical Co.Ltd. (China), Merck Millipore Corporation (The U.S.), Shaoxing Marina Biotechnology Co.Ltd. (China), Foodchem International Corporation (China) and Suzhou Pharmaceutical Group Co.Ltd. (China) among others.