Global Glutathione Market was valued at US$ 252.1 Mn in 2022, exhibiting a CAGR of 8.8% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 495 Mn by 2030.
Global Glutathione Market, By product type (Reduced Glutathione and Oxidized Glutathione), By Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) as published by Coherent Market Insights.
Global Glutathione Market- Driver
Increasing Demand for Health Disease Treatments
Glutathione is an antioxidant that helps in detoxification of drugs and xenobiotic. Reduced glutathione acts as a hydrogen donor in the detoxification of hydrogen peroxide. As a dietary supplement, reduced glutathione improves liver abnormalities, improves diabetic complications, and protect from viral infection and antitumor activity. It is even used in the treatment of autism. Moreover, reduced glutathione is also used to prevent harmful side effects of chemotherapy such as tiredness, infections, anaemia and others. These factors are expected to boost demand for reduced glutathione, and this is expected to drive the market growth over the forecast period.
Global Glutathione Market- Opportunities
Increasing Population and Health Awareness
The global market for glutathione is expected to experience a surge in demand as a result of the rapidly expanding population, increasing health and safety concerns, the development of a custom affinity bio-process resin that is steadily increasing, and the expansion of the pharmaceutical industry. The affinity chromatography market is expected to experience growth, which is expected to positively impact the global market for glutathione over the forecast period.
Global Glutathione Market- Restraints
Rising Supply Chain Issues
Lack of supply and demand for raw materials due to price volatility will be a significant barrier to the growth of the glutathione market. Global glutathione market growth rate can be slowed down by high initial investment, costs related to R&D, escalating geopolitical concerns, and stringent international trade restrictions. Government's strict regulations, growing number of people who are lactose intolerant, and certain people's allergic reactions are also expected to hamper the market growth.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/glutathione-market-4498
Key Takeaways:
On the basis of region, Asia Pacific is expected to experience significant growth in the global glutathione market.
On the basis of application, pharmaceuticals segment dominated the global glutathione market with around 42% of market share in terms of revenue, followed by food & beverages.
Global Glutathione Market- Trends
Growing Use of Glutathione in Pharmaceutical and Biomedical Applications
Glutathione resin is frequently used for protein extractions in research applications. Recombinant proteins are used in many areas of biomedical, pharmaceutical, laboratory, and academic research for studying molecules and pathways, or for practical applications. Recombinant proteins and protein technologies have become increasingly important in a variety of research fields over time. High-quality and highly purified proteins are being created by researchers for a variety of pharmaceutical and biomedical applications.
Global Glutathione Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 pandemic has disrupted the global supply chain that resulted in lack of goods for consumers and raw materials for all major industries. COVID-19 has changed the consumer buying pattern, and have made consumer conservative, and thus, leading to decline in their spending for non-essentials products. Nationwide lockdown and social distancing measures implemented by leading countries such as India, the U.K., Italy, Spain, Russia, Malaysia, Singapore, and Saudi Arabia has negatively impacted demand for fragrances and color cosmetics in these countries. This is expected to hamper demand for glutathione from the cosmetics sector. However, the coronavirus (COVID-19) pandemic situation has increased sales of personal hygiene and cleansing products such as soaps and skin care products. For instance, according to Coherent Market Insights (CMI) and L’Oreal S.A.’s, a manufacturer of personal care products, quarterly report published in April 2020, skincare-focused brands such as Kiehl’s, Lancôme, and Helena Rubinstein, outperformed the company's other luxury brands in the first quarter of 2020. This is expected to drive demand for glutathione during the pandemic.
Global Glutathione Market-Competitive Section
- 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.Jarrow Formulas, Inc.
