Glutathione is an antioxidant found within cells that functions to protect them from damage. Glutathione is present in almost all plant and animal tissues and organs at concentrations of 1–10 mM. The main health benefits associated with glutathione include liver detoxification support, immune system support, mood enhancement, and cognitive benefits. It is commonly used as a dietary supplement for these therapeutic effects.
Glutathione has applications in various industries including pharmaceuticals, nutraceuticals, food & beverages, cosmetics, and functional foods. The pharmaceutical industry uses glutathione for the development of therapeutics against various indications. The functional food industry incorporates glutathione into food and beverage products for immunity enhancement. Glutathione in cosmetic products provides anti-aging benefits. The growing nutraceutical industry is expected to propel the demand for glutathione as a key ingredient in various supplements.
The global Glutathione Market is estimated to be valued at US$ 1,020 million in 2023 and is expected to exhibit a CAGR of 26% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing nutraceutical industry represents a key driver for the glutathione market. Nutraceuticals have gained immense popularity as preventive healthcare solutions. Glutathione finds wide application in various dietary supplements owing to its antioxidant properties. The surging demand for functional nutraceuticals is expected to boost the consumption of glutathione over the forecast period.
Further, the rise of the nutraceutical industry is also fuelled by growing health concerns among consumers and shifting preferences towards preventive healthcare. Consumers are increasingly incorporating dietary supplements and functional foods into their daily routines for better health outcomes. This growing health-consciousness is likely to augment the demand for glutathione globally.
Segment Analysis
The global glutathione market is dominated by pharmaceutical grade segment which holds around 70% market share. Glutathione finds wide application in pharmaceuticals for treatment of health issues like liver disorders, Alzheimer’s disease, Parkinson’s disease, autism etc. Pharmaceutical grade glutathione offers high purity levels which makes it suitable for use in drug formulations and healthcare supplements.
PEST Analysis
Political: The glutathione market is regulated by various authorities like FDA which ensures safety and effectiveness of products. Changes in regulatory policies can impact industry.
Economic: Rising healthcare spending on treatment of chronic diseases is driving market growth. However, unstable economies can affect demand.
Social: Increasing health consciousness and awareness about nutritional benefits of glutathione supplements is propelling the market. Growing geriatric population suffering from age-related diseases also supports market expansion.
Technological: Advanced production technologies are helping players to improve purity levels and formulations. Novel drug delivery solutions can increase application scope of glutathione.
Key Takeaways
The Global Glutathione Market Growth is expected to witness high over the forecast period of 2024 to 2031. The North American region dominates the market currently owing to robust healthcare infrastructure and spending.
Regional analysis: The North American region holds around 35% share of the overall glutathione market. This is attributed to growing prevalence of lifestyle diseases, availability of advanced treatment options and presence of key players in the US and Canada. Favorable reimbursement policies also support market growth in the region.
Key players operating in the glutathione market are Kyowa Hakko Bio, Shandong Jincheng Biological Pharmaceutical, KOHJIN Life Sciences, Shenzhen GSH Bio-tech, Kaiping Genuine Biochemical Pharmaceutical.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
