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
Product Overview
The Glutathione is a vital antioxidant mainly found in plants, fungi, animals and microorganisms such as archaea. The property of glutathione is to prevent damage to the important cellular components. It is actually a protein composed of three amino acids such as cysteine, glutaminic acid and glycine and is sold as nutritional supplements. It acts as an antioxidant maintains the balance of vitamin C and vitamin E and it is involved in DNA synthesis, immunity and sperm formulation. In the field of sports, Glutathione also helps in achieving the strength training results by maintaining nitric oxide production during pre-work out. Glutathione helps in decreasing the fatigue and enhance speedy recovery.
Market Size and Forecast
The global Glutathione market is valued around USD 0.8 Bn in 2017 and is anticipated to reach around USD 2.5 Bn by 2027, expanding at a CAGR around 12% during 2017-2027. It has high potent of immune booster and act as liver detox agent. The easy availability of raw material is increasing the market size of Glutathione globally.
The global Glutathione market is segmented on the basis of type and end-user. Moreover, on the basis of end user it is segmented into Food and beverage, Personal care products, Pharmaceuticals and Health Products. The pharmaceuticals segment is anticipated to grow at fastest rate on the account of increasing awareness of the people towards the use of glutathione. It augments the demand of glutathione in the market. The Health product sub segment is also not far behind. They are used in various health supplements which are used to enhance strength and power of the consumer.
By region, global Glutathione market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is the leading region in the market on the account of rising demand from cosmetic sector and rise in industrialization. It is anticipated that Europe will also pose tough competition to North America on the account of development of huge market players in the region.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the Global Glutathione Market in the following segments:
By Type
By End-User
By Region
Global Glutathione Market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The key driver driving the global glutathione market is the antioxidant function. The both components Glutathione oxidized and Glutathione reduced are rich in antioxidants. The growth driver is detoxification which has surge the demand of Glutathione and is expected to increase the market size during the forecast period.
Glutathione based cosmetics are also gaining traction in the market on the account of the various end use applications. For instance, there are numerous benefits of glutathione soaps such that ingredient in it helps in restoring the age, helps in getting rid of the skin darkening and pigmentation problems, helps in maintaining brighter and healthy skin.
One of the restraining factors to the market growth is the side effects of glutathione. Glutathione contains milk based proteins and this can affect the consumers who are allergic to milk or lactose therefore it is recommended for them to avoid consuming these supplements.
Key Players
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