As per the latest report, the worldwide glutathione market value is expected to grow from US$ 359.0 million in 2023 to US$ 845.0 million by 2033. Over the forecast period, global glutathione demand is predicted to increase at a CAGR of 8.2%
Growing public knowledge of antioxidants’ general health advantages is one of the main factors that will probably drive demand and support the glutathione market’s expansion. Similar to this, the market is expected to grow throughout the forecast period due to the growing demand for anti-aging products like glutathione, which maintain cellular health and have skin-lightening qualities.
Because of its antioxidant qualities, glutathione can be used in a wide range of end products, including skincare, cosmetics, sports nutrition, and nutritional supplements. This adds to its appeal and is anticipated to increase its sales.
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Glutathione producers are implementing several tactics to enhance consumer preference for their brands and boost sales. These consist of funding R&D and introducing novel glutathione formulations tailored to particular end-user needs.
Continuous innovation is helping companies to build a strong brand image by offering unique solutions to consumers. These new product launches are expected to boost the global glutathione market.
For example, CJ Food & Nutrition Tech launched its functional nutrition brand Active Nrich. The new solution will be produced by natural fermentation containing glutathione as its key ingredient, which can be used as raw material for various health foods.
Key Takeaways from the Glutathione Report:
- The global glutathione marketis expected to reach a valuation of US$ 845.0 million by 2033.
- Global demand for glutathione is likely to soar at 2% CAGRover the forecast period.
- By product type, reduced glutathione (GSH) segment is set to total US$ 6 million in 2033.
- Based on product form, oral capsules or tablet segment is expected to thrive at 9% CAGR through 2033.
- By end use application, nutraceutical supplement segment is poised to exhibit a CAGR of 8% through 2033.
- Europe is set to hold a prominent value share of 8% in the global market by 2033.
- China glutathione market value is set to total US$ 56.7 million by 2033.
- Sales in the United States are anticipated to climb at a CAGR of 8% during the assessment period.
- India is estimated to witness a CAGR of 2% during the projection period.
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“The glutathione market continues to flourish due to its essential roles in antioxidant defense, immune support, and detoxification. Rising health awareness and ongoing research are expected to drive its popularity, leading to sustained market growth and increased product offerings,” says a lead analyst at Future Market Insights (FMI)
Who is Winning?
Kyowa Hakko Bio Co., Ltd., Shandong Jincheng Bio-pharmaceutical Co., Ltd., KOHJIN Life Sciences, Now Foods, Mitsubishi Corporation Life Science Limited, Bachem, Lypo-Spheric, Ajinomoto Group, and Atrium Innovations are key glutathione manufacturers listed in the profile.
These companies are focusing on expanding their portfolios by launching new products. They are also implementing strategies like acquisitions, partnerships, advertisements, agreements, and mergers to stay relevant in the market. For instance,
- In 2021, ForeWin launched a new product range, Saejin White, a capsule product that combines active ingredients and nourishes the skin from the inside out.
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Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global glutathione market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study incorporates compelling insights on the glutathione market based on product type (reduced glutathione (GSH), oxidized glutathione (GSSG), liposomal glutathione, N-acetylcysteine (NAC), S-acetyl glutathione), product form (oral capsules or tablets, lozenges, liquids, intravenous (IV) glutathione, topical creams, inhalation), and end use application (nutritional supplements/ nutraceutical supplements, skin care, respiratory health, intravenous (IV) therapy, sports nutrition, chronic illness management, cosmetics, Food preservation, pharmaceuticals) across various regions.
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Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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