Research Nester published a report titled “Glutathione Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the glutathione market in terms of market segmentation by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Driven by the increasing health awareness, rise in geriatric population and growing glutathione application in end use industries, the glutathione market is estimated to witness significant growth in upcoming years. The market attained revenue of USD 192.23 million in 2019 and is anticipated to grow at a CAGR of 5.93% during the forecast period of 2021-2028. The market is segmented on the basis of end-user into food & beverage industry, healthcare, cosmetics & personal care, out of which, the healthcare segment accounted for 52.46% of market share in 2019 on account of glutathione’s wide use in prescription drugs. It helps to boost insulin tolerance in older people, decreases Parkinson's disease symptoms, and reduces cell damage in alcoholic and non-alcoholic fatty liver diseases.
Based on region, the glutathione market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa, out of which, the market in North America is projected to witness highest growth. The growth of the market in this region can be attributed to changing lifestyle and increasing awareness about the antioxidant property of glutathione supplement among people. The demand for glutathione for sports nutrition is rising in Canada on the back of increasing application of products. Glutathione is considered as a key ingredient in sports nutritional products. The consumers' high disposable income and growing sports enthusiasts in the country are expected to foster the glutathione products market. Manufacturers are concentrating on developing high-purity and more effective mixtures to meet end-user demand, which are expected to generate new market opportunities over the forecast period. Owing to the rising awareness towards nutritional enrichment among working professionals, the glutathione market in Europe is rising significantly. Increased household incomes in countries such as Germany, France, the United Kingdom, among others, tends to increase the purchasing power of consumers on nutrition supplements, thus increasing the market growth of glutathione. The demand for glutathione is increasing significantly in Germany attributed to the rising aging population, the growing emphasis on preventive healthcare, and rising interest in online self-education and e-commerce platform. The country shows increasing opportunities for supplements to support healthy aging and digestive health.
Increasing Use Of Glutathione Among End Users And Rising Geriatric Population to Drive the Market Growth
Glutathione is used in pharmaceuticals products, healthcare products, cosmetics, food additives, and various other products. It is mainly used in the pharmaceutical industry for the treatment of the liver. It is a major raw material in the skincare industry. In recent years, the new entrants in the market are expanding its glutathione business, which further decreases the product cost on account of increasing competition, which tends to increase the adoption of the product in low and middle-income countries. Moreover, the growing prevalence of health problems, such as obesity, blood pressure and diabetes, has driven the growth of the nutraceutical industry, which is expected to fuel the demand for nutraceutical glutathione products that regulate and handle these diseases.
However, the side effects caused by glutathione as it contains milk-based proteins are estimated to act as barriers to the growth of the glutathione market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global glutathione market which includes company profiling of Kyowa Hakko Bio Co. Ltd. (TYO: 4151), Parchem Fine & Specialty Chemicals, Nissor Pharmaceuticals, Merck KGaA (ETR: MRK), Shenzhen GSH Bio-Technology Co. Ltd., Shandong Jincheng Biopharmaceutical Co. Ltd., Jarrow Formulas, Inc. among other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global glutathione market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.