by The 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 Overview:
Glutathione is an antioxidant found naturally in the human body. It helps fight against oxidative stress and support immune function. The reduced form of glutathione is widely used in nutraceutical and cosmetic products. It is available in capsules, tablets and injectable forms for boosting antioxidant levels in the body. Glutathione works as a precursor for the synthesis of important biomolecules and aids liver function.
Market Dynamics:
Growing health consciousness among consumers and prevalence of lifestyle diseases have increased the demand for dietary supplements with specific health benefits. Glutathione acts as an effective antioxidant and helps address concerns related to aging and immune health which is driving its adoption in nutraceuticals. The injectable form of glutathione is gaining acceptance among consumers for its promise of quick absorption and impact. Additionally, rising use of glutathione in skin lightening creams and anti-aging products has boosted its application in personal care and cosmetics industry. However, shortage of raw materials and high production costs remain a challenge for suppliers. Manufacturers are engaged in new product launches and capacity expansions to cater to the growing needs of end users.
Segment Analysis
Glutathione market can be segmented into pharmaceutical and food & beverage industry. The pharmaceutical segment dominates the global glutathione market owing to the wide application of glutathione in various medicines and supplements. It is mainly used in treatment of ailments including Parkinson’s disease, liver disorders, autism etc. Glutathione finds extensive application in nutraceuticals and dietary supplements industry due to its antioxidants property.
PEST Analysis
Political: The government regulations regarding use of glutathione supplements can impact the market growth. Any stringent norms can hamper sales.
Economic: Rising disposable income and growing health awareness is fueling demand for nutritional and dietary supplements globally which is driving market growth.
Social: Changing lifestyle, urbanization and growing pollution levels are leading to increasing prevalence of stress, diabetes and obesity which is augmenting sales of glutathione supplements.
Technological: Advances in extraction and production technologies are helping lower the costs and expand applications of glutathione which is positively impacting the market.
Key Takeaways
The Global Glutathione Market Size is expected to reach US$ 534.16 Mn by 2030, expanding at a CAGR of 8.8% during the forecast period. Rapid urbanization and deteriorating environmental conditions have increased the prevalence of lifestyle diseases and health issues. This is fueling the demand for dietary supplements and nutraceuticals. The pharmaceutical segment accounts for the major share in the market owing to wide application of glutathione in treatment of chronic ailments including Parkinson’s disease and liver disorders. Regionally, Asia Pacific dominates the global market and is expected to witness fastest growth during the projected timeframe. China and India offer lucrative opportunities owing to rising health consciousness and supplement consumption in these countries. 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.
Regional analysis
Asia Pacific dominates the global glutathione market and is projected to witness growth at a CAGR of 12% during the forecast period. This can be attributed to rising population, growing middle class, increasing supplement consumption and rapid economic development in countries like China and India. China represents largest market owing to focus of manufacturers on capitalizing lucrative opportunities in the country. North America is second largest region driven by high health expenditure and awareness regarding nutritional supplements. Europe remains an attractive market buoyed by presence of major glutathione producers 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.
*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, chemicals and materials, defense and aerospace, consumer goods, etc.
