Glutathione is a tripeptide antioxidant found naturally in fruits and vegetables that plays an important role in cell signaling, protein and DNA synthesis, and enzyme regulation, among other essential functions. It is available in several forms including reduced (GSH), oxidized (GSSG), liposomal, and acetylated. Glutathione has applications as a pharmaceutical ingredient for strengthening the immune system and combating oxidative stress. It is also used as a nutraceutical ingredient due to its antioxidant properties to protect cells from free radicals. Owing to its wide-ranging health benefits, glutathione is widely used in supplements, functional foods and beverages.
The global glutathione Market is estimated to be valued at US$ 274.28 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Glutathione is commonly used as an active ingredient in supplements and pharmaceutical drugs for reducing inflammation, combating oxidative stress, improving liver function, and strengthening the immune system. Rising health consciousness among consumers has augmented the demand for functional foods containing antioxidants like glutathione.
Furthermore, glutathione has benefits for protecting skin from UV damage and signs of aging due to free radical scavenging properties. This increasing demand for glutathione supplements in anti-aging products and cosmetics will further stimulate market expansion through 2030. With its wide-ranging health advantages, abundant research on therapeutic properties, and surging demand across industries, the glutathione market is poised for significant growth.
Segment Analysis
The global Glutathione market is dominated by the food supplements and pharmaceutical sub-segments. The food supplements sub-segment accounts for more than 30% of the total market share owing to the increasing use of glutathione as an immunity booster and antioxidant in health supplements. The pharmaceutical sub-segment also has a significant share due to the wide application of glutathione in treating several diseases such as Parkinson’s disease, liver diseases, and Alzheimer’s disease.
PEST Analysis
Political: The regulations regarding the use of glutathione supplements varies across regions. Some countries have stringent regulations while others have lenient regulations. This affects the market growth.
Economic: The rising disposable incomes and growing health awareness are driving the demand for glutathione supplements globally. However, uncertainties in the economic growth can impact the market.
Social: There is a growing social trend of maintaining good health and wellbeing through diet and lifestyle. This increases the demand for glutathione supplements and nutraceutical products.
Technological: New production technologies are helping market players reduce costs and increase yields. Advanced drug delivery methods aid in the treatment of various diseases using glutathione.
Key Takeaways
The Global Glutathione Market Size is expected to witness high growth over the forecast period owing to the increasing health consciousness among consumers and the wide application of glutathione in the food supplements and pharmaceutical industries. The global glutathione Market is estimated to be valued at US$ 274.28 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030.
Regional analysis
The Asia Pacific region dominates the global glutathione market with over 40% share due to the large consumer base, growing economy and increasing focus on healthcare in countries like China, India and Japan. North America is another major regional market driven by the rising use of nutraceuticals and increasing adoption of glutathione supplements.
Key players operating in the glutathione market are BYD Company Limited, Panasonic Corporation, Contemporary Amperex Technology Co. Limited, Samsung SDI Co. Ltd, TianJin Lishen Battery Joint-Stock CO. LTD, GS Yuasa Corporation, Duracell Inc., Clarios (Formerly Johnson Controls International PLC), VARTA AG, LG Chem Ltd, Tesla Inc. and EnerSys. Key players are focusing on new product launches and capacity expansions to strengthen their market position.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
