Global Glutathione Market, By Product Type (Glutathione Oxidized and Glutathione Reduced), Application (Food and Beverage, Personal Care Products, Pharmaceuticals, Health Products and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Glutathione Market
Data Bridge Market Research analyses that the glutathione market will witness a CAGR of 5.10% for the forecast period of 2022-2029. Growth in the demand for glutathione especially in the developing economies like India and China, growing use of glutathione for a wide range of end user applications such as food and beverage, pharmaceuticals, and other end user applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the glutathione market. Therefore, the market value, which was USD 34,100 million in 2020, would rocket up to USD 50766.36 million by 2029.
Glutathione is an antioxidant which is made from the amino acids glycine, cysteine, and glutamic acid. Glutathione in body helps to combat free radicals and reduces oxidative stress in the body. It plays an important role as a nutrient in enhancing the metabolism and provides the body an antioxidant defense. Further, glutathione plays a crucial role in many chemical reactions within the body and is also found in animals, plants, fungi, and other bacteria.
Rise in demand for glutathione by the food and beverages industry in developed and developing economies is the root cause fuelling up the glutathione market growth rate. Rising application areas for glutathione such as in the beauty and personal care products, increased awareness about the benefits of glutathione such as antioxidant support, detoxification, immune support and skin brightening and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the glutathione market. Rising demand for sports supplements and nutrition, increasing nutraceutical demand owing to increasing health awareness across the globe, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the glutathione market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the glutathione market. High capital costs and costs associated with research and development proficiencies, surging geopolitical issues, and strict global trade restrictions will dampen the glutathione market growth rate. Stringent regulations imposed by the government, rising lactose intolerant population and allergic reactions to certain individuals will also create difficulties for the glutathione market.
This glutathione market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on glutathione market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Glutathione Market Scope and Market Size
The glutathione market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the glutathione market is segmented into glutathione oxidized and glutathione reduced.
- On the basis of application, the glutathione market is segmented into food and beverage, personal care products, pharmaceuticals, health products and others.
Glutathione Market Country Level Analysis
The glutathione market is analysed and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the glutathione market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the glutathione market owing to the increase in the research and development activities. Asia-Pacific is projected to score the highest CAGR for the forecast period high economic growth in the emerging countries, and abundant availability of raw materials. Continuous growth in the manufacturing sector coupled with lucrative manufacturing opportunities offered by this region to foreign players and investors, surging urbanization and industrialization and growth and expansion of various end user industries are some are important driving factors for this region.
The country section of the glutathione market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glutathione Market Share Analysis
The glutathione market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glutathione market.
Some of the major players operating in the glutathione market report are KYOWA HAKKO BIO CO.,LTD., Parchem fine & specialty chemicals., Jarrow Formulas, Inc, NOW Foods, Brandon Products Ltd, Shenzhen GSH Bio-Technology, Green Wave Ingredients Inc.., Kaiping Genuine Biochemical Pharmaceutical., KOHJIN Life Sciences Co.,Ltd., Nissor Pharmaceuticals Ltd., Shandong jincheng pharmaceutical group co., LTD., Gnosis by Lesaffre, Meteoric Biopharmaceuticals Pvt. Ltd., YAOPHARMA, BASF SE, and Bayer AG among others.
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