The glutathione market is estimated to be valued at US$ 274.28 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

The glutathione market is extensively driven by rising demand for supplements to boost immunity during spread of infectious diseases like COVID 19. Glutathione is an antioxidant that supports immune health and cellular detoxification. It plays a key role in liver function, protein synthesis, amino acid transport and enzyme reactions. The nutritional supplement is available in various forms like capsule, tablet, powder and injection for both oral and intravenous consumption.

Market Overview:
Glutathione is a tripeptide molecule that plays an essential role in immune function, intracellular transport, antioxidation and protection against toxic compounds. It is commonly used as a supplement for immunity support, liver protection, viral diseases, autism, Alzheimer's, Parkinson's disease and aging. The growing health consciousness among consumers regarding preventive healthcare is fueling the demand for glutathione supplements globally.

Market key trends:
The surging demand for immunity boosting supplements amid COVID 19 pandemic is a key factor propelling the growth of glutathione market. Supplementation with glutathione helps strengthening the immune response by reducing oxidative stress and balancing inflammatory pathways. The rising cases of non-communicable diseases like cancer, cardiovascular diseases due to sedentary lifestyles is also driving growth as glutathione exhibits anti-cancer and anti-aging effects. Furthermore, the increasing R&D activities to develop IV glutathione formulations for treating chronic health conditions including autism is supplementing the market expansion over the forecast period.

Porter's Analysis

Threat of new entrants: The threat of new entrants in the glutathione market is moderate as it requires high capital investments for manufacturing set up and research and development activities.

Bargaining power of buyers: The bargaining power of buyers is moderate as glutathione products are used to produce value-added products in industries like pharmaceutical, cosmetics, and nutraceuticals.

Bargaining power of suppliers: The bargaining power of suppliers is low as there are many suppliers of raw materials for producing glutathione.

Threat of new substitutes: New substitutes have less threat as glutathione is unique in its antioxidant properties.

Competitive rivalry: Intense due to the presence of many established players.

SWOT Analysis

Strength: High antioxidant properties make it suitable for use in medicines, supplements, cosmetics. Weakness: Require advanced manufacturing facilities and quality assurance systems.

Opportunity: Growing aging population driving demand for anti-aging products. Rising health awareness boosting nutraceutical industry growth.

Threats: Stringent regulations associated with manufacturing and marketing of glutathione products. Fluctuating raw material prices add uncertainties.

Key Takeaways

The Global Glutathione Market Size is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period, due to increasing demand from nutraceutical, pharmaceutical, and cosmetic industries. In 2023, the market size for glutathione is estimated to reach US$ 274.28 Mn.

Regionally, Asia Pacific dominates the global glutathione market and is expected to grow at fastest CAGR during the forecast period. Factors such as rising health concerns, growing elderly population, and increasing disposable incomes in emerging economies like India and China are boosting market growth in the region.

Key players operating in the glutathione market are Kyowa Hakko Bio Co., Ltd., Shandong Jincheng Biological Pharmaceutical Co., Ltd., KOHJIN Life Sciences Co., Ltd., Shenzhen GSH Bio-Technology Co, Ltd, Kaiping Genuine Biochemical Pharmaceutical Co., Ltd., Nissor Pharmaceuticals Ltd., and Jarrow Formulas, Inc. These players are involved in new product launches and expansion strategies to strengthen their market position.

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