Menu ×

HEALTHCARE & PHARMACEUTICAL

Glutathione Market Segmentation By End User (Food & Beverage Industry, Healthcare, Cosmetics & Personal Care) – Global Demand Analysis & Opportunity Outlook 2028

  • Text Size:

Extensive insights into the Growth of Glutathione Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

IN THE NEWS

· Sept 2019: Kyowa Hakko Bio Co., Ltd. expanded its global presence with the launch of Setria glutathione product in Indonesia. The product is taken orally to replenish the body's reserves, which may be depleted owing to poor lifestyle choices, stress or natural aging.

Market Overview

Glutathione is an antioxidant which is beneficial for human health and for protection against any type of disorder. It can also be added in food & beverages for nutrition purposes. It is mainly found in plants, fungi, animals, and others. Glutathione is consumed in oral form or through gel, soap or lotions to incur various health benefits. The glutathione market is expected to grow considerably on account of increasing application of glutathione in various end use industries such as pharmaceutical, personal care and food & beverage industry. Moreover, it is used in a number of foods and compositions because of several dietary benefits, which is anticipated to increase the demand for glutathione in upcoming years. The global demand for glutathione is further expected to rise on account of its immune boosting property and its function as a liver detoxifier. In 2019, the global glutathione market accounted for a market value of USD 192.23 million and is expected to grow at a CAGR of 5.93% over the forecast period of 2021-2028.

Regional Growth Highlights during 2019–2028

The glutathione market in North America held the highest market share in 2019 and is estimated to hold this position throughout the forecast period. The market is anticipated to grow at a significant CAGR during the forecast period owing to the changing lifestyle of the population of North American countries and increasing awareness among the region's consumers about the antioxidant property of glutathione supplement. 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. Manufacturers are focusing on developing high purity and more efficient mixtures to cater demand from end users, which is expected to create new opportunities for the market over the forecast period. Glutathione market in Europe is growing significantly on account of rising awareness towards nutritional enrichment among working professionals for maintaining well-being of the human body. Rising concerns over the ill effect associated with conventional pharmaceutical medicines are anticipated to drive the market's growth. Increasing household income in countries such as Germany, France, UK, among others tend to increase consumers' spending capacity on nutritional supplements that increases the growth of the market. CLICK TO DOWNLOAD SAMPLE REPORT

Global-Glutathione-Market

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation Synopsis

By End-User

Based on end-user, the global glutathione market is segmented into food & beverage industry, healthcare, cosmetics & personal care. Among these segments, the healthcare segment accounted for 52.46% of the market share in 2019. The growth of this segment is mainly on account of the wide application of glutathione as 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 disease. The rising geriatric population generates demand for these products as they are more vulnerable to age-related illnesses. Healthcare is further sub segmented into product, form and application.  On the basis of product category, the market is further segmented into glutathione oxidized and glutathione reduced products. The glutathione reduced segment accounted for USD 66.45 million in 2020 and is anticipated to grow at a CAGR of 6.09% during the forecast period.

Glutathione-Market

Market Drivers & Challenges

Growth Indicators

Increasing Application of Glutathione In End Use Industries

Glutathione is commonly used in pharmaceuticals products, healthcare products, cosmetics, food additives, and various other products. Glutathione is majorly used in the pharmaceutical industry for the treatment of the liver. Consumption of glutathione products is growing significantly owing to its characteristic to improve bodies' immunity by stimulating lymphocytes. It is widely used in personal care products such as soaps, lotions, and creams owing to its wrinkle reduction and skin lightening property. On the back of increasing consumer awareness about the benefits of the glutathione products and the rise in disposable income, the demand for glutathione is estimated to fuel up in the years to come. Moreover, glutathione is used in prescription drugs on the back of its tissue repairing property.

Rising Prevalence Of Diseases In Geriatric Population

Rising prevalence of health problems, including obesity, blood pressure, and diabetes, has driven nutraceutical market growth, which is anticipated to boost demand for glutathione nutraceutical products that control and manage these diseases. Moreover, the demand for glutathione nutraceutical products is increasing by the young and adult consumers as it helps in wrinkle reduction and prevents chronic diseases. These factors are anticipated to drive the growth of glutathione market during the forecast period.

Challenges

Side Effects Of Glutathione

One of the significant challenges that affects the growth of the glutathione market is the side effects that comes along with it. Glutathione contains milk-based proteins, which can affect consumers who are lactose intolerant. This factor is anticipated to act as a key restraint factor to the growth of glutathione market during the forecast period.

Impact Of Covid-19 On The Glutathione Market

The Covid-19 pandemic has fast-tracked the changes in end-user preferences, especially in the food & beverage sector. The shutting of borders, shortage of distributors, and lock-down of out-of-home channels has impacted the supply chain of personal care, healthcare, and food & beverage industry. Also, the spread of the disease has created various obstacles for small scale industries.

Competitive Landscape

Some of the prominent 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 Biological Pharmaceutical Co., Ltd., Jarrow Formulas, Inc. and others.

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved