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Glutathione Market 2021 Latest Insights, Growth Rate, Future Trends, Status Analysis, Scope, Trend, Capacity and Forecast to 2030 | at a CAGR of 6.1% | Kyowa Hakko Bio, Kaiping Genuine Biochemical Pharmaceutical

07-20-2021 01:06 PM CET | Science & Education

Press release from: Supply Demand Market Research

Glutathione Market 2021 Latest Insights, Growth Rate, Future

Glutathione is one of the most prominent antioxidants exists in the cell. It has several functions such as detoxification of xenobiotic and much more. The key benefits of glutathione are antioxidant support, immune support, detoxification, skin brightening and sports nutrition. Glutathione safeguards the cells from oxidative stress and helps in the body’s detoxification process.  The key driver propelling the market is the antioxidant function of glutathione. Both reduced as well as oxidized types are rich in antioxidants.

The global glutathione market in 2020 was approximately USD 192 million. The market is expected to grow at a CAGR of 6.1% and is anticipated to reach around USD 412 million by 2025.

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Key function is detoxification, and this has also increased the demand for glutathione and is projected to boost the sales over the forecast period. In addition to this, the glutathione is also used in skin care products due to their skin brightening capacities which is also boosting the market. This is because glutathione supports in avoiding excess melanin production in the skin. The free radicles exist in the glutathione supports fighting melanin production within the skin. However, the presence of alternatives may limit the market.

The market for glutathione is intensely competitive and is highly fragmented. The vendors in the glutathione market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.

Key players in the market are Shandong Jincheng Biological Pharmaceutical, Kyowa Hakko Bio, Kaiping Genuine Biochemical Pharmaceutical, KOHJIN Life Sciences, & Shenzhen GSH Bio-tech and Others.

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Based On The Of Application, The Global Glutathione Market Segmented Into

Food
Cosmetics
Health Products
Pharmaceuticals
Other

Based On The Type Of Product, The Global Glutathione Market Segmented Into

Glutathione Oxidized
Glutathione Reduced

Based On The Region, The Global Glutathione Market Segmented Into

Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]

Under COVID-19 Outbreak, how the Glutathione Industry will develop is also analyzed in detail in Chapter 1.7 of the report.

In Chapter 2.4, we analyzed industry trends in the context of COVID-19.

In Chapter 3.5, we analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets.

In Chapters 6 to 10 of the report, we analyze the impact of COVID-19 on various regions and major countries.

In chapter 13.5, the impact of COVID-19 on the future development of the industry is pointed out.

A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.

Years considered for this report:

Historical Years: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2020-2026

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The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.

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SUPPLY DEMAND MARKET RESEARCH

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