Glutathione Market Growth Accelerated by Increased Demand in Pharmaceutical Industry

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The increased demand from the pharmaceutical industry has been a key growth driver for the glutathione market.

Glutathione Market Growth Accelerated by Increased Demand in Pharmaceutical Industry

Glutathione is an antioxidant found in plants, animals, fungi, and humans. It helps the body protect against pollution, toxins, radiation etc. It is commonly used in a wide range of healthcare products including nutritional supplements, skin whitening creams etc. due to its antioxidant 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 18% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Glutathione levels in the human body decline with age and is commonly used in drugs, supplements etc. to boost its levels. Various clinical studies have demonstrated the therapeutic potential of glutathione in conditions like asthma, neurological disorders, cataract etc. With an aging global population and growing healthcare needs, the demand for glutathione from the pharmaceutical industry has been steadily rising over the years. This has accelerated the market growth significantly and this trend is expected to continue over the forecast period with further product innovation and potential new therapeutic applications of glutathione being discovered.

Segment Analysis
Reduced Glutathione accounts for the highest share in the Glutathione market. Reduced Glutathione dominates the market as it is the most biologically active form of Glutathione with antioxidant properties that help defend cells from oxidation damage. Reduced Glutathione is largely used in nutraceuticals, functional foods and dietary supplements for its health benefits.

Key Takeaways
The Global Glutathione Market Size is expected to witness high growth. The market size is projected to grow from US$ 274.28 Mn in 2023 to reach US$ 1,018.62 Mn by 2030, registering a CAGR of 18% during the forecast period.

Regional analysis
Asia Pacific dominates the Glutathione market and is expected to continue its dominance over the forecast period. The growth is attributed to high demand for nutraceuticals and functional foods containing Glutathione in major countries like China, India and Japan. Growing focus towards preventive healthcare and inclination towards natural health products are driving the market growth in the region.

Key players
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. BYD Company Limited is a major manufacturer and supplier of reduced Glutathione, accounting for over 25% market share globally.

Get more insights on this topic:

https://www.marketwebjournal.com/glutathione-market-market-size-and-share-analysis-2/