Report ID :10346752 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Global Glutathione Market Analysis 2019-2028
Glutathione is an antioxidant that is used for protecting human health against many forms of diseases and can also be added in food and beverages for nutritional purposes. To incur several health benefits, glutathione is consumed in oral form or by gel, soap or lotions. The global glutathione market is anticipated to achieve a CAGR of 5.93% during the forecast period, i.e. 2021-2028. The rising worldwide research and development in glutathione products is expected to further boost the market with growing investments from giant players in the market. Owing to the growing application of glutathione in various end-use industries such as pharmaceutical, personal care and food & beverage industries, the glutathione market is expected to increase considerably in the coming years. Glutathione is added in a variety of foods and formulations on account of its dietary benefits. As a result of its immune boosting property, the global demand for glutathione is further expected to increase over the forecast period.
The global glutathione market consists of various segments that are segmented by end user and region. The market is further segmented by end user into food & beverage industry, healthcare, cosmetics & personal care. Out of these, the healthcare segment registered the largest market share of around 53% in the year 2019. The glutathione market is expected to witness significant growth on account of increasing the product's application in manufacturing various drugs. It helps in boosting insulin tolerance in older people as well as contributes to decreasing Parkinson's disease symptoms. The rising geriatric population generates demand for these products as they are more susceptible to age-related illnesses. Healthcare is further sub segmented into product, form and application. Product is further segmented into glutathione oxidized and glutathione reduced products. The glutathione reduced segment accounted for around USD 66 million in 2020 and is anticipated to grow at a CAGR of around 6% during the forecast period.
Based on region, the global glutathione market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The market in North America held the highest share in 2019 and is estimated to hold this position throughout the forecast period. On account of the changing lifestyle of the population in North American countries and increasing awareness among consumers in the region, the glutathione market in North America is expected to grow significantly during the forecast period. Multiple benefits associated with the consumption of glutathione on immunity, skin brightening, and protection of cells from oxidative stress, has led to the increase in demand for glutathione in the region. These factors are anticipated to drive the growth of North America’s glutathione market during the forecast period.
Some of the affluent industry leaders in the global glutathione market are Kyowa Hakko Bio Co. Ltd., Parchem Fine & Specialty Chemicals, Nissor Pharmaceuticals, Merck KGaA, Shenzhen GSH Bio-Technology Co. Ltd., Shandong Jincheng Biopharmaceutical Co. Ltd., Jarrow Formulas, Inc. and others.
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