Ergothioneine Market is projected to reach USD 368.2 Million by 2030

Market Synopsis
Ergothioneine is an amino acid that occurs naturally in cyanobacteria such as Actinomycetales and non-yeast fungi such as mushrooms. Ergothioneine is typically acquired by diet and accumulates in red blood cells, bone marrow, liver, kidney, body fluids, and the eyes. Ergothioneine has been permitted as an addition in food, cosmetics, and pharmaceutical items by major nations such as the United States and the European Union.

Ergothioneine is an antioxidant molecule found in type 2 diabetic medicines. It is also utilized in different medications as an anti-inflammatory ingredient. Ergothioneine is also found in anti-ageing lotions and other cosmetics. Ergothioneine is also being researched as an all-natural preservative, which makes it an appealing alternative to typical chemical-based preservatives.

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Market Size and Growth Analysis
As per DataM Intelligence's newly proven results, the "Global Ergothioneine Market" was worth USD 29.6 Million in 2022; it is projected to reach USD 368.2 Million by 2030, with a CAGR of 38.1% within the forecast period 2023-2030.

Market Key Drivers
Natural Supplement Demand to Increase Market Share
Natural and plant-based components are becoming popular in nutritional supplements and cosmetic products. Ergothioneine, which occurs naturally in many mushrooms and other fungi, fits this trend and is becoming a more prominent component in these products. Because of its antioxidant characteristics and possible health advantages, ergothioneine is gaining popularity as a food and beverage ingredient. This is introducing ergothioneine into new markets and increasing demand for this compound.

Market Emerging Trend
Consistent R&D to Benefit Market Prospects
Ergothioneine has been the subject of continuous study into its possible health advantages, notably in the areas of anti-ageing, skin health, and immune system support. This study is generating interest in this chemical and its possible uses. Ergothioneine has long been utilized in nutritional supplements and cosmetics. However, there is considerable interest in using this molecule for various purposes, such as food and beverage additives and medications.

Ergothioneine Market Segmentation
The Global Ergothioneine Market is segmented by type into chemical synthesis method, fermentation method, and others; and by application into medical industry, food industry, and cosmetics industry.

The fermentation method segment dominates the ergothioneine market. Ergothioneine (EGT), a sulfur-containing histidine derivative, was first discovered in ergot fungus in 1909. It possesses two tautomeric forms, thione and thiol; however, at physiological pH, it usually exists as thione. EGT is a powerful antioxidant, a reactive oxygen species (ROS) scavenger, and a lipid peroxide inhibitor. It has been linked to the treatment of cancer, inflammation, depression, and neurological disorders.

A fermentation production method has been developed using a microorganism overexpressing Ergothioneine biosynthesis genes or an Ergothioneine-producing microorganism with reduced or eliminated histidine ammonia-lyase activity or expression of the histidine ammonia-lyase gene.

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Regional Insights
By Region, the global ergothioneine market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
APAC controls the majority of the global ergothioneine market. This is due to the growing popularity of natural and plant-based components in nutritional supplements and cosmetic products. This area is critical because of its vast population, expanding middle class, and growing interest in health and wellness goods. Europe has the second largest share of the global ergothioneine market.

Competitive Landscape
The key players contributing to the global ergothioneine market's growth include Mironova Labs, Inc., Merck KGaA, Blue California, Aktin Chemicals Inc, Xi'an Saibang Biotechnology Co., Ltd, Bloomage Bioactive, Sinonocy, Total Nutraceutical Solutions, Inc., Jiangyin Healthway International Trade Co., Ltd and Taizhou Tianhong Biochemistry Technology Co., Ltd.

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