by The Glutathione market has witnessed significant growth over the past decade owing to growing demand from healthcare and personal care industries. Glutathione plays a vital role in various biological functions such as detoxification of xenobiotics and oxidative stress management. Glutathione has anti-aging properties and is extensively used in supplements, skincare and haircare products.
The global Glutathione Market is estimated to be valued at US$ 274.28 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
One of the key trends propelling the growth of the glutathione market is its increasing usage in healthcare and personal care industries. Glutathione possesses strong antioxidant properties that protect cells from damage caused by reactive oxygen species (ROS). This has resulted in a rise in demand for glutathione supplements to boost immunity and manage various health conditions including liver diseases, cardiovascular diseases, and neurodegenerative diseases. Furthermore, glutathione formulations are extensively used in anti-aging creams, lotions and serums due to its ability to reduce signs of aging by neutralizing free radicals. The antioxidant and anti-aging properties of glutathione have facilitated its wide application in the booming personal care industry. This growing demand from healthcare and personal care sectors is expected to drive market growth over the forecast period.
SWOT Analysis
Strength: Glutathione has high antioxidant properties which helps in boosting immune system and detoxifying organs in the body.
Weakness: Raw materials required for glutathione production are limited which impacts its supply stability. Variations exist in the absorption and bioavailability of different glutathione supplements.
Opportunity: Rising health consciousness and preventive healthcare adoption trends provide growth prospects. Increasing applications in pharmaceutical, nutraceutical, cosmetic industries will drive the market.
Threats: Strict regulatory environment for new supplements. Raw material price fluctuations impact the market.
Key Takeaways
The global Glutathione Market Demand is expected to witness high growth in the forecast period. The market size is projected to reach US$ 274.28 Mn in 2023.
North America region currently dominates the glutathione market owing to rising healthcare expenditure and growing nutraceutical industry in the region. The Asia Pacific region is expected to grow at a high rate due to expansion of pharmaceutical and cosmetic industries and increasing disposable income in the region.
Key players operating in the glutathione market are 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., and Jarrow Formulas, Inc. These players are focusing on new product developments and facility expansion activities to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
