Glutathione Market Analysis & Forecast

Market Insights

Glutathione Market was expected to grow from USD 353.19 million in 2021 to USD 576.74 million by 2028 at a CAGR of 7.18% during the forecast period (2022-2028).

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What is Glutathione?

Glutathione is an important antioxidant found in the human body that aids in the fight against free radicals. It also helps in the detoxification of chemicals produced naturally by the body, as well as in the detoxification of drugs and pollutants present in the environment.

Market Drivers

The prime factors that are driving the Glutathione market are –

• The surge in supplement intakes across the globe.
• Growing adoption of glutathione in chemotherapy along with its increasing usage by various food manufacturers to enhance the dietary benefits of food products.

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Key Players

Some of the major players in the market are-

• Kyowa Hakko Bio Co., Ltd.
• Nissor Pharmaceuticals Ltd.
• Shenzhen GSH Bio-tech Co., Ltd
• KOHJIN Life Sciences Co., Ltd
• Anhui GSH Bio-Technology Co., Ltd
• Kaiping Genuine Biochemical Pharmaceutical Co., Ltd
• Herbo Nutra
• Haihang Industry Co., Ltd.
• Meteoric Biopharmaceuticals Pvt. Ltd.
• Xi’an Fengzu Biological Technology Co., Ltd.

Segments Analysis

By Product Type

Reduced Glutathione is expected to account for the major share of the market during the forecast period.

The market is segmented as reduced glutathione and oxidized glutathione. There is a continuous rise in the cases of cancer across the globe. Rapid growth in population, changes in lifestyle, increase in the number of smokers and tobacco use are the major factors responsible for the rising prevalence of cancer. Therefore, increasing burden of cancer around the globe is expected to drive the growth for reduced glutathione, owing to its ability to protect cancer patients from the harmful side effects of chemotherapy.

By Application Type

The Pharmaceutical Segment is anticipated to account for the major share of the market during the forecast period.

The market is segmented as pharmaceutical, cosmetics, nutraceutical, and food. The growth of the segment is supported by the incessant demand for manufacturing drugs, which is realized by pharmaceutical manufacturers. As a result of the product's high utilization in the manufacture of many pharmaceutical products, pharmaceutical manufacturers generate enormous growth opportunities for the glutathione market, driving the segment's growth over the forecast period.

By Region

North America is estimated to be the leading region in the market during the forecast period.

The region’s growth is owing to the presence of major pharmaceutical companies in the region such as Johnson & Johnson and Pfizer. In addition, the regional market for glutathione bears immense growth potential as the product is extensively used in the production of various pharmaceutical products. Furthermore, the region's market growth can be attributed to several benefits associated with the product such as tissue repair & building and immune system boosting. The product is also used to treat diseases such as asthma, cataracts, and anemia.

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The market is segmented into the following categories. 

By Product Type

• Reduced Glutathione
• Oxidized Glutathione

By Application Type

• Pharmaceutical
• Cosmetics
• Nutraceutical
• Food

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.