Global Glutathione Market size worth over USD 315 million by 2027
Published Date: January 25, 2021 Authors: Kunal Ahuja, Sonal Singh
According to a new research report by Global Market Insights, Inc., the global glutathione market size is set to surpass USD 315 million by 2027.
Growing consumer consciousness towards their health to prevent chronic diseases will propel the growth of the product over the coming timeframe. The product helps to synthesize chemicals and proteins in human body thereby, curing diseases and boosting immunity. In addition, rising incidence of lung and heart problems owing to unhealthy lifestyle and deteriorating air quality will support the growth of glutathione market.
Rising consumer expenditure on skin care and cosmetic products should fuel the growth of oxidized glutathione
The oxidized glutathione segment comprised a significant share in the global glutathione market in 2020 and expected to reach over USD 110 million by year 2027. Rising consumer expenditure on skin care and cosmetic products is one of the factors driving the market growth, owing to rising disposable income, rising of fine living, and increasing population of working women.
Oxidized glutathione plays a crucial role in various skin care products, such as antiaging cream, lotion, and moisturizers. These products help suppress wrinkle formation, increases the moisture content of the stratum corneum, and improvement in skin smoothness. Moreover, the cosmetic industry is growing with a very high pace over the past years and anticipated to reach over USD 20 billion by 2027. This growing cosmetic industry should drive the glutathione market growth, owing to wide usage of the product in numerous personal care and cosmetic products such as sun cream, and lotion.
Browse key industry insights spread across 180 pages with 254 market data tables & 18 figures & charts from the report, “Glutathione Market By Product (Reduced Glutathione [By Application (Pharmaceutical, Cosmetics, Nutraceutical, Food)], Oxidized Glutathione [By Application (Pharmaceutical, Cosmetics, Nutraceutical, Food)]), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Rising consumption of health-centric products in Asia Pacific should support the growth of the market.
Asia Pacific driven by India, South Korea, China, and Japan glutathione market value may surpass USD 80 million by the end of 2027. Consumers in the region are increasingly suffering from diabetes, obesity, and skin-related diseases which account for a substantial amount of consumer-related illnesses, mainly due to lack of proper nutrition, change in eating habits and hectic daily schedule.
Hence, nutraceuticals products act as important factor for filing the nutrition gap through offering sufficient number of required elements. Therefore, the product is widely used in the manufacture of nutraceutical products as it is important for cellular functions and is widely used for boosting immunity & stamina in human beings. Growing consciousness towards health issues will foster supplements demand which in turn would amplify the glutathione market share.
Global glutathione industry is moderately fragmented in nature as there are major players operating in the market including Shenzhen GSH Bio-tech Co., Ltd., KOHJIN Life Sciences Co., Ltd., and Nissor Pharmaceuticals Ltd. These players are involved in strategic alliances including mergers & acquisitions, partnership, and joint ventures to perform innovations & growth in manufacturing capacity to fulfil the growing product demand in different industries such as pharmaceutical, nutraceuticals and cosmetic sectors.