Press release
What's driving the Glutathione Market growth? Cayman Pharma s.r.o., YaoPharma Co., Ltd., Xi'an Fengzu Biological Technology Co., Ltd, Kyowa Hakko Bio Co. Ltd, KOHJIN Life Sciences Co. Ltd., Anhui GSH Bio-Technology Co. Ltd, Kaiping Genuine Biochemical Pha
Glutathione market share has been predicted to surpass $295 million by 2025.Glutathione industry has been expanding due to the oxidative stress reducing properties of glutathione that have found widespread application in the context of rising stress levels. Glutathione supplements in diet have witnessed demand due to their nutritional benefits and accredited for boosting glutathione industry size.Due to increasing stress and nutritional deficiencies, many diseases are evolving and owing to glutathione's usage in nutraceuticals and pharmaceuticals, glutathione market size is predicted to expand over 2019-2025.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Kyowa Hakko Bio Co. Ltd.
2. Shandong Jincheng Biological Pharmaceutical Co. Ltd.
3. KOHJIN Life Sciences Co. Ltd.
4. Anhui GSH Bio-Technology Co. Ltd
5. Kaiping Genuine Biochemical Pharmaceutical Co. Ltd
6. Herbo Nutra
7. Haihang IndustryCo. Ltd.
8. Meteoric Biopharmaceuticals Pvt. Ltd.
9. Xi'an Fengzu Biological Technology Co. Ltd
10. YAOPHARMA
11. Cayman Chemical Company
Some major factors offering a push to the glutathione industry trends are enlisted as follows:
Intensification of chronic diseases globally to raise glutathione market share over the coming years
The number of people suffering from chronic diseases is rapidly increasing worldwide. Approximately half of the total deaths due chronic disease are attributable to cardiovascular diseases. Diabetes and obesity are also showing distressing trends, as they are affecting a large proportion of the population at early stage in life.
Regional Growth Drivers are
1. North America: Growth of pharmaceutical industry may foster market growth
2. Europe: Rising cosmetics & personal care industry may propel product demand
3. Asia Pacific: Growing nutraceutical demand owing to increasing health awareness may foster industry growth
Increasing lung diseases to augment glutathione industry size in the times to come
Growing lung problems among people due to factors like pollution, smoking etc. is expected to boost glutathione market portfolio. Tobacco smoke is one of the reasons behind most cases of lung cancer. Lung cancer is the most commonly diagnosed cancer in the world, accounting for up to 12.7% of the total registered cancers and affecting more than 1.61 million people every year.
ung cancer causes 1.37 million deaths per year, making around 18% of total deaths due to cancer. Lung cancer has the highest fatality rate of all major cancers and its ratio of mortality to incidence is 0.86. In the U.S., lung cancer causes more deaths than colon, prostate, and breast cancer pooled together. While most lung cancer is linked with smoking, it can appear in non-smokers as well, specifically in those who are passively exposed to tobacco smoke.
Growing stress among people is likely to accelerate glutathione market share
Glutathione has stress reducing characteristics which is proved to be one of the major reasons pushing glutathione market growth. Stress at workplaces has been continuously increasing which has resulted in expansion of glutathione industry share. Following are some outcomes surveyed by some trusted sources pertaining to job stress among people:
o About 40% of employees report that their job is extremely stressful.
o Approximately 25% assess their jobs as the top stressor in their lives.
o Nearly 75% of workers believe that employees have more on-the-job stress than a generation ago.
o Close to 80% of employees feel stress on the job, almost half state they need help in learning stress management and about 42% reported that their coworkers require such help.
o Roundabout 25% have felt like shouting or screaming because of job stress. Almost 10% are worried about an individual at work that they fear could turn violent.
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Prevalence of glutathione application for skin whitening products can be accredited for transforming glutathione industry outlook over the forecast timeframe
Increasing organic cosmetics demand for skin lightening and tightening is likely to propel glutathione market growth. The product is added in lotions, skin serums, face packs, and sunscreens. Escalating manufacturing activities to cater rising herbal cosmetics demand will fortify GSH industry.
Glutathione is used to produce lotions, creams, and soaps due to its skin whitening effects. Skin whitening sector is among the fastest growing segments of the global beauty domain. Skin whitening products are mostly fostering in Asian countries, including Japan, India, Korea, Thailand, and China.
Particularly in Africa and Asia, it has been projected that skin whitening segment will be worth approximated $31.2 billion by the year 2024 which will also offer impetus to glutathione industry size. In India, this is one of the fastest growing businesses with an annual expenditure of around $450 million on skin fairness products.
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Global glutathione market share is moderately fragmented with major players operating in the market including Kyowa Hakko Bio Co., Ltd., KOHJIN Life Sciences Co., Ltd., Nissor Pharmaceuticals Ltd. and Shenzhen GSH Bio-tech Co., Ltd. Companies are engaged in strategic alliances including partnership, mergers & acquisitions, and joint ventures to execute innovative technologies with growth in manufacturing capacity to cater rising product demand.
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