Glutathione Market Size, Share, Trends and Forecast Report 2023-2030
Market Overview
Glutathione is an antioxidant and a tiny protein made up of three primary amino acids: glutamate, glycine, and cysteine. It is a powerful antioxidant found mostly in plants, mammals, fungi, and certain microorganisms. Glutathione is required by every cell and tissue in the body to protect critical biological components against reactive oxygen species such as free radicals and peroxides. It is made by the liver and is involved in several bodily activities. Glutathione is involved in tissue formation and repair, the production of chemicals and proteins required by the body, and immune system activity.
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Market Growth Analysis
As per DataM Intelligence’s latest report, the “Global Glutathione Market” is estimated to reach at a CAGR of 7.0 % during the forecast period 2023-2030.
Market Drivers
Increasing Demand for Nutricosmetics
Rising demand for nutricosmetics is likely to boost the global glutathione market growth over the projected period. Nutricosmetics are oral-based nutritional supplements for beauty and skin health. The development and consumer awareness in personal grooming, along with the hectic lifestyle of the expanding urban population, are driving the Nutricosmetics market.
Nutricosmetics are health treatments that are primarily used to cure hair, nail, skin, and sun damage. Rising retail shops globally, rising popularity of ready-to-drink nutricosmetics beverages, preference for effective and safe beauty solutions boosts cosmetics supplement sales, and growing consumer awareness toward the prevention of premature skin ageing are some of the key drivers.
Increasing Pharmaceutical Industry Demand
The expansion of the pharmaceutical industry creates opportunities for the development of novel glutathione-based formulations, treatments, and therapies. The pharmaceutical industry’s increased emphasis on therapeutic uses, anti-ageing and skin care products, IV and injectable treatments, as well as continued research and development initiatives, are projected to add to glutathione’s expanding demand.
For example, according to the India Brand Equity Foundation (IBEF), India’s domestic pharmaceutical industry is predicted to be valued at US$ 42,000 million in 2021, US$ 64,000 million by 2024, and US$ 120-130 billion by 2030.
Market Emerging Trends
Shift Towards E-commerce Platforms
The rising trend of online shopping is predicted to improve the sale of cosmetic items due to the growing digital involvement of customers as well as manufacturers that offer simple access to products via e-commerce channels. For example, in 2022, Amazon was the world’s largest online retailer, and its beauty category was one of its fastest-growing categories. In 2022, Amazon generated an expected USD 15 billion in income from online cosmetics sales.
Glutathione Market: Growth Opportunities
Growing Demand for Research and Development in the Pharmaceutical Industry
Growing population demand for prescription medications, vaccines, and premium proteins is predicted to boost market expansion. The bulk of demand is projected from applications such as research laboratories examining protein-protein interactions, immunological investigations, vaccine manufacture, and other biochemical analyses.
Glutathione Market: Segmentation Analysis
The global glutathione market is segmented by type, application, and region.
By Type
- Glutathione Oxidized
- Glutathione Reduced
By Application
- Food & Beverages
- Personal Care
- Pharmaceutical
- Health Products
- Others
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Based on Type: Rising Cancer Cases Throughout the World Drive the Demand for Glutathione Reduced Segment
Cancer is one of the main causes of mortality worldwide, and its prevalence is rapidly rising. Cancer was responsible for 9.6 million deaths in 2020, according to the World Health Organization. Population expansion, changing lifestyles, an increase in smokers, and tobacco use all contribute to growing cancer prevalence. The increased cancer burden globally should boost demand for reduced glutathione due to its potential to mitigate the severe side effects of chemotherapy in cancer patients.
The increasing demand for therapeutic antibodies for patient treatment is a primary driver of pharmaceutical industry growth. A trend toward using chromatography instead of classic separation methods like distillation and filtering has also fostered innovation in chromatography applications in a variety of new areas.
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Recent Industry News
- In April 2023, Kyowa Kirin Co. Ltd., a Japan-based Global Specialty Pharmaceutical Company, announced a combined research and organizational engagement for drug discovery technologies with the School of Life Science and Technologies and the Tokyo Institute of Technology. The major goal is to combine great technology to develop breakthrough pharmaceuticals originating in Japan.
- Mitsubishi Corporation Life Sciences Limited, which manufactures and distributes value-added products in a variety of industries, announced in February 2022 that the United States Patent and Trademark Office had granted the company a patent for a method of treating nonalcoholic fatty liver disease in patients by compromising the administration of a composition containing glutathione as its active ingredient.
- In January 2022, Natrol and Jarrow Formulas, two well-known vitamin and nutritional supplement producers, formally combined to establish Vytalogy Wellness (Vytalogy). Natrol and Jarrow Formulas, the brands that customers have come to know and love, will continue to be utilized. Vytalogy, which stands for the science of vitality and is their new corporate name, more effectively conveys their dedication to improving the lives of their consumers via energy and well-being.
Geographical Analysis
The North America region is predicted to rise significantly at a high CAGR during the projection period due to increased interest in remedial areas as well as expansion in industrialization. The increase in demand from various industries, such as food and drink, is likely to boost market expansion in the North America region.
Europe will see tremendous development as a result of the rise of major market participants in the area. The region drives the development of the Glutathione Market due to the increasing usage of glutathione in a number of sectors, such as food & beverage, cosmetics, and pharmaceuticals. Early adoption in the area is expected to be a major element in accelerating growth in the region throughout the forecast period.
The Asia Pacific region is expected to have the largest glutathione demand, with Indian, South Korean, Chinese, and Japanese markets leading the way. This is owing to the rising number of health issues and illnesses linked to consumer consumption.
Market Leaders of the Global Glutathione Market
- Kyowa Hakko Bio Co., Ltd.
- Shandong Jincheng Biological Pharmaceutical Co., Ltd.
- KOHJIN Life Sciences Co., Ltd.
- Anhui GSH Biotechnology 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.
- Cayman Chemical Company
Kyowa Hakko Bio Co. Ltd Overview
Kyowa Hakko U.S.A., Inc. is the North and South American branch of KYOWA HAKKO BIO CO., LTD., a multinational ingredients manufacturer whose major mission is to deliver health solutions that encourage optimal health and quality of life. Kyowa’s components meet the most stringent quality assurance standards in the U.S.’s nutritional supplement, health food, cosmetic and pharmaceutical industries, as pioneers in developing and implementing patented fermentation technology. Kyowa Hakko U.S.A. represents a comprehensive line of quality-assured, ultra-pure amino acids and related substances and well-researched, branded products.
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