April 23, 2024
Glutathione Market

Glutathione Market Is Expected To Be Flourished By Growing Adoption In Nutraceutical Industry

Glutathione is an antioxidant found in every plant, animal and human cell. It helps neutralize free radicals and protect cells from damage. Glutathione is commonly synthesized from its precursor amino acids glutamate, cysteine and glycine. It plays an important role in metabolism, immune function, and cell growth and division. Glutathione is mainly consumed in different forms such as capsules, tablets, powder and liquid through nutritional and dietary supplements. As a nutraceutical, it is increasingly used for slowing down aging process and prevent diseases.

The global glutathione market is estimated to be valued at US$ 274.28 million 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 Dynamics

Growing adoption of glutathione in nutraceutical industry and increasing awareness about health benefits are expected to drive the growth of the market over the forecast period. Glutathione is known for its antioxidant properties and is widely used in supplements for promoting overall health and well-being. As consumers are more conscious about preventive healthcare and chronic diseases, nutraceutical products containing glutathione as an ingredient witness higher demands. According to a report by Nutrition Business Journal, the U.S. nutraceutical market was valued at US$149.3 billion in 2021 and is projected to reach US$ 230.8 billion by 2027, exhibiting a CAGR of 7.6% during 2022-2027. Factors such as increasing discretionary incomes, preferences for self-care and preventive healthcare are fueling growth of dietary supplements industry worldwide. Extensive research demonstrating therapeutic roles of glutathione is further expanding its commercial applications which is expected to propel the glutathione market growth over the forecast period.

Segment Analysis

The global glutathione market can be segmented based on type, application, and region. Based on type, the market is segmented into L-glutathione and reduced glutathione. The reduced glutathione segment dominates the market as it is widely used in animal nutrition, cosmetics and personal care, functional foods and supplements, and pharmaceuticals applications. Reduced glutathione has strong antioxidant properties and helps in removing free radicals from the body.

PEST Analysis

Political: The glutathione market is significantly impacted by regulations related to approvals for new supplement ingredients and applications of glutathione. Stringent safety and quality norms influence industry dynamics.
Economic: Fluctuations in raw material prices along with rising disposable incomes influence demand patterns across segments. The functional food and supplement segments witness growth aided by increasing health consciousness.
Social: Rising awareness about antioxidants and their benefits is a key driver. Growth in industries like cosmetics and personal care and nutrition also supplements market expansion. Preferences for natural ingredients aid prospects.
Technological: Advances in large-scale production methods aid cost competitiveness. Increased R&D leads to new applications in areas like medicine, agriculture, and industrial uses.

Key Takeaways

The global Glutathione Market Demand is expected to witness high growth owing to increased consumption across diverse end-use industries like nutrition, pharmaceuticals, cosmetics etc. The global glutathione market is estimated to be valued at US$ 274.28 million in 2023 and is expected to exhibit a CAGR of 8.8%  over the forecast period 2023 to 2030.

Regional analysis
North America dominates the glutathione market with the largest market share primarily due to rising dietary supplement adoption. The US accounts for the majority of demand, aided by the presence of leading manufacturers. Europe holds the second position with Germany, UK, and France holding significant shares.

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. Key players are focused on new product development and capacity expansions to strengthen market presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it