Glutathione Market overview by 2025| Kyowa Hakko Bio Co. Ltd.,, Shandong Jincheng Biological Pharmaceutical Co. Ltd., KOHJIN Life Sciences Co. Ltd., Anhui GSH Bio-Technology Co. Ltd, Kaiping Genuine Biochemical Pharmaceutical Co. Ltd, Herbo Nutra, Haihang
According to the reliable reports, by 2020, chronic diseases will account for almost three-quarters of all deaths globally. Out of these 71% of deaths will be due to ischemic heart disease (IHD), 70% of deaths due to diabetes, and 75% of deaths due to stroke are expected to occur in developing countries. Glutathione helps to synthesize proteins and chemicals in human body which boost immunity and cure diseases. Increasing awareness among people to tackle chronic diseases is likely to propel glutathione market share
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Some major factors offering a push to the glutathione industry trends are enlisted as follows:
Lung 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 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.
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:
• About 40% of employees report that their job is extremely stressful.
• Approximately 25% assess their jobs as the top stressor in their lives.
• Nearly 75% of workers believe that employees have more on-the-job stress than a generation ago.
• 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.
• 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.
Job stress is reportedly more strongly related with health complaints than family or financial issues. Owing to its oxidative stress reducing and detoxifying properties, demand for glutathione supplements has witnessed a steep increase which has added impetus to glutathione industry share.
Prevalence of glutathione application for skin whitening products can be accredited for transforming glutathione industry outlook over the forecast timeframe
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.
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.
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The skin fairness sector presently accounts for nearly 50% of India’s entire skincare segment, with an estimated worth between $450–$535 million. It has been forecast that India glutathione market from cosmetics application will witness substantial gains of around 5.5% over 2019-2025.
Summing up, application of glutathione for skin whitening and increasing need to manage lung and chronic diseases will help the glutathione market to witness exponential growth. Glutathione market share has been predicted to surpass $295 million by 2025.
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