Glutathione market trends will be driven by rising beauty products demand
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The rising prevalence of e-commerce activities and increased women income is leading to higher spending on beauty products. Nowadays, women are spending more on themselves for getting younger-looking and glowing skin. Rising shift in consumer expenditure for beauty products owing to skin enriching properties will certainly boost glutathione market outlook.
Rising number of patients suffering from cataracts has become a major public health problem. Glutathione has become a highly prominent antioxidant that is excessively being used in eye surgeries. The substance helps to prevent high molecular weight protein formation, therefore utilized for treating cataract. U.S. glutathione market share from pharmaceuticals application is anticipated to surpass USD 20 million by 2025.
Increased prevalence of diabetes among old age people in U.S. has surged over the last decade. Glutathione helps in reducing oxidative stress and lower the impact of uncontrolled diabetes. Rising R & D activities in the region to deploy the product more effectively in drug formulation will strengthen the business scope.
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Reports estimate that India glutathione industry share from cosmetics application is estimated to witness commendable proceeds of more than 5.5% by 2025. The majority of the Asian companies have commenced and promoted their YouTube channels for improving the skin complexion and texture, attracting numerous people who are looking forward to enhancing their skin quality. With respect to this, India cosmetics industry is expected to register over 6% CAGR by 2024.
Owing to unique features such as wrinkle reducing and skin lightening characteristics, glutathione has gained immense popularity across the manufacturing of creams and soaps in personal care sector. Mounting demand for skin whitening creams and higher spending on personal appearance will reinforce glutathione market trends over the coming years.
Major key players in the glutathione market are 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 IndustryCo. Ltd., Meteoric Biopharmaceuticals Pvt. Ltd., Xi'an Fengzu Biological Technology Co. Ltd, YAOPHARMA, Cayman Chemical Company.
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