by The global Glutathione Market is primarily driven by the booming health and wellness industry. Glutathione plays a vital role in supporting proper immune system functioning and combating oxidative stress. As a result of pandemic-induced health anxiety, demand for immunity-boosting supplements containing glutathione has surged exponentially. Glutathione acts as a powerful antioxidant, protecting cells from damage by reactive oxygen species. It also aids in the detoxification of toxins and is essential for collagen and protein formation.
The global Glutathione Market is estimated to be valued at US$ 274.28 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The rapid growth of the glutathione market can be attributed to the increasing adoption of glutathione supplements and injectables as an immunity booster. Glutathione has emerged as one of most popular supplements to boost immunity and fight oxidative stress which is a key factor driving its demand. Along with this, rising cases of diseases like cancer, depression where glutathione plays an important therapeutic role has further propelled the glutathione market growth. With growing health concerns among consumers in the wake of COVID-19 pandemic, the demand for health supplements containing glutathione is expected to continue surging over the forecast period.
SWOT Analysis
Strength: Glutathione has many health benefits like being an antioxidant, improving immune system, detoxifying liver etc. More research is proving its various health benefits.
Weakness: Quality and purity of glutathione supplements can vary a lot. Its effectiveness also depends on mode of intake and individual body type.
Opportunity: Growing health awareness is resulting in increased demand for supplements supporting immune function and detox. This provides opportunity to tap into rising demand.
Threats: Limited research on long term effects of high doses. Stringent quality regulations can increase compliance costs for manufacturers.
Key Takeaways
The global Glutathione Market Demand is estimated to be valued at US$ 274.28 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030.
The global Glutathione market is expected to witness high growth over the forecast period. Asia Pacific region is currently dominating the market and is expected to maintain its lead position during the forecast period. Growing population and disposable incomes in countries like China and India are majorly driving the demand.
Key players operating in the Glutathione market are BYD Company Limited, Panasonic Corporation, Contemporary Amperex Technology Co. Limited, Samsung SDI Co. Ltd, TianJin Lishen Battery Joint-Stock CO. LTD, GS Yuasa Corporation, Duracell Inc., Clarios (Formerly Johnson Controls International PLC), VARTA AG, LG Chem Ltd, Tesla Inc. and EnerSys. These companies have strong presence across various countries and are investing in capacity expansion as well as new product development catering to changing consumer preferences.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
