Global Glutathione Market Report and Forecast 2024-2032

Global Glutathione Market Outlook

The global glutathione market is expected to grow at a CAGR of 8% in the forecast period of 2024-2032.

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Global Glutathione Market Growth

Based on the region, North America is projected to hold the largest share of the global demand for glutathione. This is largely attributed to the growing use of glutathione in a variety of industries, including food and drink, cosmetics, and pharmaceuticals. Early adoption in the area is a critical factor anticipated during the projected timeframe to accelerate development in the region. In the Asia Pacific market, led by India, South Korea, China and Japan, the value of glutathione is expected to grow at a very healthy rate in the forecast period. Consumers are rapidly suffering from diabetes, obesity and skin-related diseases in the area, which accounts for a large number of consumer-related diseases, primarily due to a lack of sufficient diet, a shift in dietary patterns and a hectic daily schedule. Increasing understanding of health concerns will promote the need for vitamins, which in turn will amplify the market share of glutathione.

Global Glutathione Market Segmentation

In the human body, glutathione is an essential antioxidant that helps fight free radicals, detoxifies chemicals that are normally released by the human body, and detoxifies environmental drugs and contaminants. In addition, glutathione, along with the treatment for damaged immune systems or infertility, provides protection against the adverse effects of radiation and cancer chemotherapy.

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The market is bifurcated on the basis of product into:

• Glutathione Oxidized
• Glutathione Reduced

The market is categorized on the basis of application into:

• Pharmaceuticals
• Cosmetics
• Food and Beverage
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Skin Care Products to Aid the Market Growth of Glutathione

The oxidized glutathione segment accounted for a considerable share of the global demand for glutathione. Increased consumer spending on skin care and cosmetic products is one of the major drivers for glutathione, influenced by the factors like higher disposable incomes, rising living standards, and a growing population of working women. In different skin care products, such as anti-aging creams, lotions, and moisturizers, oxidized glutathione plays a key role. Such products help suppress the formation of wrinkles, increase the moisture content of the stratum corneum, and enhance the smoothness of the skin. In addition, the cosmetic industry has been rising at a very fast rate in recent years and is estimated to rise rapidly during the forecast period as well. Due to the wide use of the substance in various personal care and cosmetic items such as sun cream and lotion, this growing cosmetic industry could drive the growth of the glutathione market in the coming years.

Key Industry Players in the Global Glutathione Market

The report gives a detailed analysis of the following key players in the global glutathione market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Kyowa Hakko Bio Co.,Ltd.
• KOHJIN Life Sciences Co.,Ltd.
• Haihang Industry Co., Ltd.
• Meteoric Biopharmaceuticals Pvt. Ltd.
• YaoPharma Co., Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report