The Global Glutathione Market Growth Accelerated By Rising Demand From Personal Care Products
The Global Glutathione Market Growth Accelerated By Rising Demand From Personal Care Products
Glutathione is an antioxidant found naturally in the body and helps neutralize and eliminate free radicals.
Glutathione is an antioxidant found naturally in the body and helps neutralize and eliminate free radicals. It is widely used across various applications such as personal care products, food & beverage industry, pharmaceuticals, and others. Rising demand for glutathione from personal care and cosmetic industry has accelerated its demand significantly. Personal care products containing glutathione are used immensely for their anti-aging properties.
 
The global 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 key trends
 
The high demand from personal care industry is one of the key trends driving the growth of the glutathione market. With rising consumer awareness regarding the benefits of natural ingredients used in personal care products, the demand for glutathione from this industry has increased substantially. Products containing glutathione are widely used in anti-aging creams, serums and facial masks due to its ability reduce fine lines and wrinkles. It also helps improve skin elasticity, brightness and hydration. The anti-oxidant properties of glutathione help neutralize free radicals, diminishing dark spots and signs of aging. Thus, high demand from personal care and cosmetic companies is expected to propel the market growth over the forecast period.
 
Segment Analysis
 
The global glutathione market is dominated by the pharmaceuticals segment. This segment accounts for over 30% of the overall market share owing to robust demand for glutathione supplements and products from the pharmaceutical industry. The rising prevalence of lifestyle diseases and chronic health conditions are increasing the demand for glutathione supplements from pharmaceutical manufacturers which is fueling the growth of this segment.
 
Key Takeaways
 
The global Glutathione Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing health awareness and changing lifestyle habits.
 
Regional analysis
The Asia Pacific region currently dominates the glutathione market and is expected to maintain its dominating position during the forecast period as well. Developing countries like India and China account for a major share of the glutathione market in the region owing to rising disposable incomes, growing population and increased health spending. The increasing burden of chronic diseases is also fueling the demand for glutathione supplements in Asia Pacific.
 
Key players
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. These players are focused on enhancing their production facilities and capabilities to cater to the growing demand from end use industries like pharmaceuticals, functional foods and cosmetics. They are also investing in R&D activities to develop new production technologies and formulations.
 

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