The global Glutathione Market is estimated to be valued at US$ 274.28 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Glutathione is a tripeptide antioxidant produced naturally in the human body. It plays a vital role in various metabolic and biochemical reactions by protecting cells against oxidative damage by reactive oxygen species. Its pharmaceutical grade forms are extensively utilized as a nutritional supplement to boost overall health and wellness.
Market key trends:
The glutathione market has been witnessing significant growth due to the rising demand from the pharmaceutical industry. Glutathione plays an important role in various metabolic functions and helps in enhancing the immune system. It also helps in improving liver functioning and detoxifying different environmental toxins. With increasing health concerns worldwide, the demand for glutathione supplements is growing rapidly. Moreover, the growing geriatric population prone to age-related health issues is also contributing to the rising consumption of glutathione supplements. The cosmetics industry has also been boosting the market growth as glutathione helps in skin brightening and reducing signs of aging like wrinkles.
SWOT Analysis
Strength:
– Wide applications in pharmaceutical and nutraceutical industries
– Growing demand for glutathione supplements and cosmetic products
Weakness:
– Availability of alternative products for immune support and liver health
– High costs associated with R&D activities for new applications
Opportunity:
– Rising health consciousness driving the demand for supplements
– Growing elderly population increasing the demand for anti-aging products
Threats:
– Stringent regulations associated with genetic engineering techniques
– Threat from counterfeit and low-quality products
Key Takeaways
The Global Glutathione Market Size is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period of 2023 to 2030, due to increasing health consciousness among consumers.
Regional analysis:
The Asia Pacific region dominates the global market and is expected to grow at the fastest rate during the forecast period. This is attributed to the large consumer base, rising geriatric population, and growing health awareness in developing countries like China and India. North America also holds a significant share in the global market.
Key players: Key players operating in the glutathione market are Kyowa Hakko Bio Co., Ltd., Shandong Jincheng Biological Pharmaceutical Co., Ltd., KOHJIN Life Sciences Co., Ltd., Shenzhen GSH Bio-Technology Co, Ltd, Kaiping Genuine Biochemical Pharmaceutical Co., Ltd., Nissor Pharmaceuticals Ltd., and Jarrow Formulas, Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it