Glutathione Market Segmentation By Type (Glutathione Oxidized, Glutathione Reduced); By End-User (Food and beverage, Personal care products, Pharmaceuticals, Health Product) - Global Demand Analysis & Opportunity Outlook 2027
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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
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.
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 SAMPLE REPORT
Our in-depth analysis segmented the Global Glutathione Market in the following segments:
Global Glutathione Market is further classified on the basis of region as follows:
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.
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