May 23, 2024
Glutathione Market

Glutathione Market Is Expected To Be Flourished By Growing Awareness About Health Benefits Of Glutathione Supplements

Glutathione is an antioxidant that plays an important role in many functions of the human body including immune function, synthesis of protein and amino acids, regulation of cell growth and antioxidant defense. Glutathione is available in supplemental form due to increasing consumer interest in maintaining optimum health and wellness through nutrition. Glutathione supplements are available in various formulas including capsules, pills, powders, and liquids. They are popular among health enthusiasts, athletes, and fitness professionals for boosting immunity, muscle recovery, skin health and chronic illness management.

The global Glutathione Market is estimated to be valued at US$ 274.28 Mn in 2023 and is expected to exhibit a CAGR of 18%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

Growing awareness about health benefits of glutathione supplements is expected to be a key driver for the market growth over the forecast period. Supplementation with glutathione helps improve immune function, reduce inflammation, reduce oxidative stress and protect cells from damage. With rising prevalence of lifestyle diseases and growing health consciousness, consumers are increasingly interested in nutritional supplements for chronic disease prevention and health improvement. This growing awareness about glutathione supplements as an immune booster and antioxidant is expected to fuel the market growth. Additionally, the market growth is also driven by rising glutathione supplement consumption among athletes and bodybuilders for muscle formation and recovery post-workout. Glutathione helps reduce exercise-induced fatigue and minimize post-workout muscle soreness. Supplementing with glutathione has become a popular practice among professional and recreational sportsmen and fitness enthusiasts for achieving physique and performance goals.

Segment Analysis

Glutathione market is dominated by the pharmaceuticals segment which holds around 60% share of the overall market. Glutathione finds wide application in pharmaceuticals industry for production of various medicines and supplements. It is used in dietary supplements, medicine for liver disease, Parkinson’s disease, heart disease, eye disease, HIV/AIDS and autoimmune diseases. The pharmaceuticals segment is dominating as glutathione finds increased demand for producing supplements and medicines to cure chronic diseases.

PEST Analysis

Political: The regulations around the use of glutathione supplements vary across different countries and economies. Stringent regulations in some regions can impact the overall market growth.
Economic: Rising disposable income and growing health awareness is fueling the demand for glutathione supplements globally. However, economic slowdowns can negatively impact the spending on supplements.
Social: Changing lifestyle, rising stress levels and increasing prevalence of chronic diseases is driving more people to rely on glutathione supplements for general wellbeing and immunity booster.
Technological: Advancements in production technologies is helping manufacturers to develop new delivery formats like capsules, powders, etc and improve the absorption levels of glutathione in the body. This is supporting the overall market growth.

Key Takeaways

The global Glutathione Market Demand  is expected to witness high growth in the coming years. The global glutathione market is estimated to be valued at US$ 274.28 Mn  in 2023 and is expected to exhibit a CAGR of 18%  over the forecast period 2023 to 2030.

Regionally, North America holds the largest share currently due to growing health and wellness trend and high spending on supplements. However, Asia Pacific is emerging as the fastest growing regional market with countries like China, India and Japan witnessing increased demand.

Key players operating in the glutathione market are BYD Company Limited, Panasonic Corporation, Contemporary Amperex Technology Co. Limited, Samsung SDI Co. Ltd, TianJin Lishen Battery Joint-Stock CO. LTD, GS Yuasa Corporation, Duracell Inc., Clarios (Formerly Johnson Controls International PLC), VARTA AG, LG Chem Ltd, Tesla Inc. and EnerSys. The key players are focusing on new product launches, enhancing production capacities and gaining new customers to increase their market share. BYD Company Limited is currently leading the market due to its diversified product portfolio and global presence.

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