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Glutathione Market Size, Growth, Share, 2022, Development and Trends, Global Forecast Report and Latest Reports 2031

Kenneth Research added a report on Glutathione Market market into the repository of market research reports. The report includes in-depth analysis on the growth drivers, expansion opportunities, restraints and challenges and the recent trends in the market. The market is anticipated to grow at a CAGR of 5.93% during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Glutathione Market products.

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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

Global Glutathione Market Analysis 2019-2028

Glutathione is an antioxidant that is used for protecting human health against many forms of diseases and can also be added in food and beverages for nutritional purposes. To incur several health benefits, glutathione is consumed in oral form or by gel, soap or lotions. The global glutathione market is anticipated to achieve a CAGR of 5.93% during the forecast period, i.e. 2021-2028.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The rising worldwide research and development in glutathione products is expected to further boost the market with growing investments from giant players in the market. Owing to the growing application of glutathione in various end-use industries such as pharmaceutical, personal care and food & beverage industries, the glutathione market is expected to increase considerably in the coming years. Glutathione is added in a variety of foods and formulations on account of its dietary benefits. As a result of its immune boosting property, the global demand for glutathione is further expected to increase over the forecast period.

The global glutathione market consists of various segments that are segmented by end user and region. The market is further segmented by end user into food & beverage industry, healthcare, cosmetics & personal care. Out of these, the healthcare segment registered the largest market share of around 53% in the year 2019. The glutathione market is expected to witness significant growth on account of increasing the product’s application in manufacturing various drugs. It helps in boosting insulin tolerance in older people as well as contributes to decreasing Parkinson’s disease symptoms. The rising geriatric population generates demand for these products as they are more susceptible to age-related illnesses. Healthcare is further sub segmented into product, form and application. Product is further segmented into glutathione oxidized and glutathione reduced products. The glutathione reduced segment accounted for around USD 66 million in 2020 and is anticipated to grow at a CAGR of around 6% during the forecast period.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Based on region, the global glutathione market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The market in North America held the highest share in 2019 and is estimated to hold this position throughout the forecast period. On account of the changing lifestyle of the population in North American countries and increasing awareness among consumers in the region, the glutathione market in North America is expected to grow significantly during the forecast period. Multiple benefits associated with the consumption of glutathione on immunity, skin brightening, and protection of cells from oxidative stress, has led to the increase in demand for glutathione in the region. These factors are anticipated to drive the growth of North America’s glutathione market during the forecast period.

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Some of the affluent industry leaders in the global glutathione market are Kyowa Hakko Bio Co. Ltd., Parchem Fine & Specialty Chemicals, Nissor Pharmaceuticals, Merck KGaA, Shenzhen GSH Bio-Technology Co. Ltd., Shandong Jincheng Biopharmaceutical Co. Ltd., Jarrow Formulas, Inc. and others.

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