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Global Glutathione Market - By Product (Glutathione Oxidized, Glutathione Reduced), By Application (Food, Cosmetics, Health Products, Pharmaceuticals, Other) - Trends and Forecast to 2030
Type: PDF
Status: Syndicate
Categories: Advance Materials
Report Code : AM23
No. of Pages : 150
Glutathione is one of the most prominent antioxidants exists in the cell. It has several functions such as detoxification of xenobiotic and much more. The key benefits of glutathione are antioxidant support, immune support, detoxification, skin brightening and sports nutrition. Glutathione safeguards the cells from oxidative stress and helps in the body’s detoxification process. The key driver propelling the market is the antioxidant function of glutathione. Both reduced as well as oxidized types are rich in antioxidants.
The global glutathione market in 2023 was approximately USD 192 million. The market is expected to grow at a CAGR of 6.1% and is anticipated to reach around USD 412 million by 2030.
Key function is detoxification, and this has also increased the demand for glutathione and is projected to boost the sales over the forecast period. In addition to this, the glutathione is also used in skin care products due to their skin brightening capacities which is also boosting the market. This is because glutathione supports in avoiding excess melanin production in the skin. The free radicles exist in the glutathione supports fighting melanin production within the skin. However, the presence of alternatives may limit the market.
The market for glutathione is intensely competitive and is highly fragmented. The vendors in the glutathione market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Shandong Jincheng Biological Pharmaceutical, Kyowa Hakko Bio, Kaiping Genuine Biochemical Pharmaceutical, KOHJIN Life Sciences, & Shenzhen GSH Bio-tech and Others.
Report Code
AM23
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