Glutathione Market Is Estimated To Witness High Growth Owing To Rising Demand
Author : Leena Shedmake | Published On : 23 Jan 2024
Glutathione is an antioxidant that plays an important role in the body's defense against oxidative stress. It is produced naturally in the body and helps cells function normally, assists with tissue building, and helps the immune system work properly. Glutathione can be taken as supplements either to help maintain optimal levels or to support the immune system during times of stress. The oral supplement form is popular as it is convenient to use. For instance, glutathione supplements are commonly marketed for their antioxidant properties to help prevent aging and boost immunity among athletes and gym enthusiasts.
The global Glutathione Market is estimated to be valued at US$ 29.94 billion in 2023 and is expected to exhibit a CAGR of 26.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising demand for glutathione supplements is expected to drive the growth of the market over the forecast period. Glutathione supplements offer various health benefits like boosting immunity, reducing oxidative stress, slowing down the aging process, and improving liver functioning. Their antioxidant properties appeal to health-conscious consumers who take them regularly or during times of stress.
Additionally, the growing consumer focus on preventive healthcare and rising adoption of complementary and alternative medicine is also contributing to the increased uptake of glutathione supplements. People are more open to supplementing their diets with products that provide targeted health benefits. The easy availability and affordability of oral glutathione supplements also support their growing popularity compared to the IV forms.
SWOT Analysis
Strength: Glutathione has strong antioxidant properties that help fight against free radicals and oxidative stress. It contributes to liver detoxification and supports the immune system. It can also help maintain healthy skin. Daily intake of glutathione supplements may increase overall antioxidant levels in the body.
Weakness: Natural dietary sources of glutathione such as fruits and vegetables are limited. Most people are unable to get adequate amounts of glutathione from food alone. It is unstable and breaks down quickly when taken orally, limiting its absorption and bioavailability. High quality supplements require enteric coating to protect it from stomach acid.
Opportunity: Growing health awareness is driving the demand for nutraceuticals and supplements with antioxidant benefits. The increasing prevalence of lifestyle diseases caused by oxidative damage provides growth opportunities. The growing geriatric population who are more susceptible to oxidative stress and age-related diseases presents a potential customer base.
Threats: Regulatory guidelines around claims can limit marketing. Alternative antioxidant supplements from plant and herbal sources pose competition. Fluctuations in raw material prices and supply can impact production costs.
Key Takeaways
The Global Glutathione Market Size is expected to grow from USD 113.1 million in 2019 to USD 454.9 million by 2027, at a CAGR of 26% during the forecast period.
Regional analysis: North America currently dominates the market due to rising health consciousness. The growing geriatric population and incidence of lifestyle-related illnesses will boost demand. Asia Pacific is expected to witness the fastest growth due to rising disposable incomes, growing middle class, and expansion of distribution channels in emerging countries.
Key players: Key players operating in the glutathione market are Kyowa Hakko Kirin, KYOWA HAKKO BIO, Shandong Jincheng Biological Pharmaceutical, Kohjin Life Sciences, Shenzhen GSH Bio-tech, and Pharma Essentia. These brands offer a variety of oral and injectable forms of reduced and oxidized glutathione suitable for clinical and supplemental uses.
Explore more information on this topic, Please visit-
https://www.rapidwebwire.com/glutathione-market-size-and-share-analysis-growth-trends-and-forecasts/
Explore more trending article on this topic:
https://whotimes.com/fabricating-sustainability-geotextile-weaving-a-greener-future-for-the-planet/
Explore more trending article related this topic:
https://www.marketwebjournal.com/future-prospects-and-market-opportunity-in-the-non-small-cell-lung-cancer-treatment-market/
