Glutathione Market

Market Study on Glutathione: PMR Foresees Various Opportunities, Including Rising Demand for Antioxidant Supplements, Growing Interest in Skin Whitening Products, and Expanding Applications in Pharmaceuticals and Cosmetics

A Detailed Analysis of the Glutathione Market Based on Rising Consumer Disposable Income and Increasing Awareness of Its Antioxidant and Health-Promoting Properties

Report ID: PMRREP17779

Number of Pages: 190

Format: PPT*, PDF, EXCEL

Industry: Food and Beverages

Published Date: January-2024

Report Price

$4900*

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Glutathione Market

The global glutathione market is forecast to expand at a CAGR of 8.7% and thereby increase from a value of US$0.47 Bn in 2023 to US$0.85 Bn by the end of 2030.

Attributes

Key Insights

Glutathione Market Size (2023E)

US$0.47 Bn 

Projected Market Value (2030F)

US$0.85 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

8.7%

Historical Market Growth Rate (CAGR 2018 to 2022)

8.1%

Revenue Share of Top Four Countries (2022E)

43%

 

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Market Introduction and Definition

The amino acids glutamic acid, glycine, and cysteine combine to form glutathione, a tripeptide. Reactive oxygen species (ROS) can cause harm to critical biological components in the human body, such as lipid peroxides, free radicals, and heavy metals. Glutathione assists in preventing this harm. Glutathione is a vital antioxidant that the body needs to combat free radicals, detoxify medications, and remove toxins from the environment. It also helps the body generate these molecules naturally.

Glutathione is essential for nutrition metabolism, antioxidant defense, and cellular event regulation. The growing demand for anti-aging goods, increased consumer attention on preventative healthcare, and the increasing prevalence of chronic diseases are its main factors driving the growth of this market. Additionally, because of glutathione's antioxidant qualities and possible health advantages, it is frequently employed in the health and wellness sector. Furthermore, glutathione is believed to strengthen liver function, lower oxidative stress, detoxify the body, and strengthen the immune system. The growing interest in nutraceuticals and health supplements is driving the demand for glutathione in the market.

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Market Growth Drivers

Growing Number of Female Population

The usage of glutathione is growing across various industries, including food & beverage, pharmaceuticals, and cosmetics. The main element propelling the glutathione industry worldwide is its antioxidant properties. Both reduced and oxidized forms of antioxidants are widely distributed. Many consumer-related ailments are being caused by diabetes, obesity, and skin-related disorders, which are quickly spreading throughout the area. These conditions are mostly brought on by a poor diet, changing dietary habits, and a busy daily routine. The need for vitamins will rise as people become more aware of health issues, which will boost glutathione's market share. Detoxification is another important role, which has raised the need for glutathione and is predicted to drive up sales during the projection period. Additionally gaining traction in the industry are glutathione-based cosmetics because of the wide range of end-use applications. For instance, glutathione soaps offer a number of benefits, such as the ingredient's ability to help with age repair, the elimination of uneven skin tone and pigmentation problems, and the enhancement of healthier, brighter skin.

Market Research Methodology

Market Research Methodology

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Market Restraints

High Cost of Basic Materials and Strict Laws

For the synthesis of glutathione resins, reduced or oxidized glutathione are crucial basic ingredients. When making glutathione resin, raw materials, and processing account for the majority of the cost structure. In the process of making glutathione resins, raw materials make up a major component of the cost structure, closely followed by processing costs. The price of raw materials and processing is a significant element driving the market. Manufacturers spend money on R&D to discover less expensive options. Throughout the forecast period, strict laws governing product usage, labelling, and manufacture that have been put in place by regulatory bodies in different areas are anticipated to restrict the expansion of the glutathione market significantly.

Insufficient Research Regarding Glutathione

More extensive clinical trials are still required to definitively confirm the efficacy of glutathione for particular illnesses despite the growing volume of research on the supplement's potential health benefits. Furthermore, known for its antioxidant properties, glutathione has multiple functions in the body. A number of chronic illnesses and disorders have been linked to low glutathione levels. But there isn't enough data to say whether taking glutathione supplements can actually lower the chance of developing these illnesses or offer any real health advantages. In addition, a current obstacle is the lack of scientific evidence. However, with continued research and development efforts, these gaps should be filled, and future understanding of glutathione's potential and role in promoting health will be clarified.

Opportunities

Growing Adoption in the Skincare & Cosmetics Sector

The oxidized glutathione segment met a significant amount of the global glutathione demand. Glutathione is primarily driven by consumer expenditure on skincare and cosmetics, which is influenced by rising living standards, disposable incomes, and the number of working women in the population. Many skincare products, such as lotions, moisturizers, and anti-aging creams, include oxidized glutathione. These products help smooth out the skin, boost the stratum corneum's moisture level, and stop wrinkles from forming. In addition, the cosmetics business has been expanding quickly lately and is predicted to do so again throughout the projected period. In the upcoming years, the glutathione market may profit from the expanding cosmetic industry due to the substance's extensive usage in personal care and cosmetic products, including lotion and sun cream.

Analyst’s Viewpoint

The primary factor accelerating the glutathione market growth rate is the rise in demand for glutathione from the food and beverage sector in both developed and emerging nations. Moreover, the market for glutathione is expected to grow at a positive rate due to a number of factors, including expanding applications for the supplement, such as beauty and personal care products, growing awareness of its advantages (such as immune support, detoxification, antioxidant support, and skin brightening), and the growth and expansion of end-user industries, particularly in developing nations. In addition, the growing need for glutathione in the production of lotions, creams, and soaps is a major driver of market growth.

Supply-side Dynamics

Leading suppliers are extending their product lines to encompass a wider variety of glutathione products. This entails creating goods tailored to particular demographics, such as athletes and the elderly population. Additionally, producers are creating goods that incorporate glutathione with other vitamins and minerals, such as C and E. Furthermore, suppliers are focusing on different food manufacturers to use glutathione in food composition to boost the nutritional value of that specific product, which should open up profitable business options. In addition, to help the market expand even further, market suppliers are concentrating on bringing oxidized glutathione solutions. For instance, Cymbiotika, a company that makes pure, scientifically supported supplements, released a reformulated form of glutathione in April 2022. Almost all of the essential nutrients needed for nearly all biological processes in the human body are included in this new and improved formula.

Market Segmentation

Which product type is expected to maintain the lead?

The growth of the Reduced Glutathione (GSH) category has dominated the glutathione market.

The reduced glutathione (GSH) category dominated the glutathione market in 2022. As a detoxifier, antioxidant, and immune system booster, reduced glutathione plays vital functions in many industries. Because it is an antioxidant, reduced glutathione is frequently seen in nutritional supplements. They maintain general cellular health, and lowering oxidative stress aids in the body's defense against damaging free radicals. Reduced glutathione is widely used as an ingredient in skin care products because of its ability to brighten skin and prevent ageing. Furthermore, it is projected that during the course of the projection period, the oxidised glutathione (GSSG) category would expand at a notable rate. An crucial element included in all skincare products, such as moisturisers, lotions, and antiaging creams, is oxidised glutathione. These products help in delaying the onset of wrinkles by enhancing skin smoothness and raising the stratum corneum's moisture content. Furthermore, the cosmetics industry has expanded at a very quick pace during the last several years. The substance is widely used in many cosmetic & personal care products, such as sun cream and lotion, thus the glutathione market should grow as a result of the growing cosmetics sector.

Which Product Form Will Be Targeted the Most for Sales?

Growing Need for Treatment of Liver Problems Will Boost the Growth of Pharmaceuticals Category

The pharmaceuticals category dominated the glutathione market in 2022. Glutathione offers significant medicinal uses, particularly in the treatment of respiratory ailments, neurological diseases, and liver problems. Pharmaceutical companies may consider developing medications that target or integrate glutathione as research proceeds and our understanding of its therapeutic capabilities deepens. Due to the antioxidant and detoxifying qualities of glutathione, this may result in the development of specialty medicinal products. Moreover, the skin care category will grow at a substantial rate in the forecast period. Due to its ability to brighten skin and prevent aging, glutathione is also utilized in the skincare sector. It is thought to aid in skin tone improvement, hyperpigmentation reduction, and young appearance promotion. Skincare products containing glutathione, such as serums, lotions, and creams, are becoming more and more popular.

Which End-Use Applications are the Most Sales-focused?

Oral Capsules or Tablets Category to Widen Footprint Due to Rising Inclination of Consumers Towards Glutathione Pills

In 2022, the oral capsules or tablets category led the market. This is attributed to the growing inclination of consumers towards glutathione pills and capsules because of their exceptional convenience. Due to their ease of use, oral capsules or tablets are a popular option among consumers nowadays. They are simple for daily consumption because they are quickly ingested and don't require an additional item. Additionally, customers find it more comfortable to take supplements because they are accustomed to doing it in the form of pills, capsules, or tablets. On the other hand, throughout the projected period, the men segment is expected to increase significantly. Demand for glutathione products may be fueled by growing knowledge of the health advantages of glutathione, such as its antioxidant capabilities and its involvement in detoxification. The rise of various formulations, especially liquids, may be attributed to consumers looking for anti-aging and wellness treatments.

Top Regional Markets

Why is North America Emerging as a Dominating Region?

High Adoption in Healthcare Sector in North America to Fuel Growth Market

Over the course of the forecast period, North America is anticipated to dominate position in the glutathione market. The two main factors propelling the regional sector are the growing need for biochemical research applications and the development of vaccines to combat diseases like the current coronavirus epidemic. Because purified proteins and antibodies are increasingly being used in medical applications, there will likely be a rise in demand for the product in North America. Moreover, the US has a robust sports and fitness culture, and items that promote muscle repair, accelerate recovery and lessen stress from exercise are becoming more and more well-liked. A key component of many sports nutrition supplements is glutathione. It is anticipated that the rising demand for glutathione will result from the increasing appeal of these glutathione-based sports nutrition solutions. Additionally, because nutricosmetics and preventative healthcare are becoming more and more popular, glutathione sales will rise in the US.

What Opportunities Lies in South Asia & Oceania for Manufacturers?

Rising Pharmaceutical R&D Sector in South Asia & Oceania will Boost its Expansion

South Asia & Oceania glutathione market is expected to grow at a significant rate over the forecast period. This share is due to the growing amount of government assistance for domestic manufacturing, which is expected to boost output and reduce dependency on imports in the South Asia & Oceania region, hence offering lucrative opportunities for foreign manufacturers. It is also expected that the growing pharmaceutical R&D sector will propel the market throughout the forecast period. Moreover, the demand for glutathione in India is expected to be driven by several factors. Increasing demand for natural and organic products, greater knowledge of glutathione's health benefits, and the growth of the pharmaceutical business are a few of these. Furthermore, glutathione is a potent antioxidant that guards against cellular damage and neutralizes free radicals. It is anticipated that demand for glutathione products will rise sharply as more Indian consumers become aware of the health benefits of glutathione. India's glutathione market share will increase as a result.

Competitive Intelligence and Business Strategy

Several prominent players in the global glutathione agarose resin market are Kyowa Hakko Bio Co., Ltd., KOHJIN Life Sciences, Now Foods, Mitsubishi Corporation Life Science Limited, and others. In an effort to create and provide more innovative and effective solutions, industry participants and research institutions in the global glutathione agarose resin market are launching new projects. Additionally, the industry's businesses are always coming up with new plans to create more inventive and productive goods in an effort to improve their standing in the international marketplace. Throughout the forecast period, innovations in this discipline are likely to provide doors for both new and established market players. Moreover, new producers are entering the market as a result of the enormous demand for affinity resin. To acquire larger market shares, the established firms are entering more recent markets. In addition, market leaders can fulfill the increasing demand from both new and existing customers by diversifying their product portfolios significantly, which offers them a competitive advantage.

Key Recent Developments

New Product Launch

April 2023: Global Specialty Pharmaceutical Company, Kyowa Kirin Co. Ltd., based in Japan, established an organizational and research partnership for drug discovery technologies with Tokyo Institute of Technology and School of Life Science and Technology. The major goal is to combine exceptional technology with novel medications that come from Japan.

Market Impact: This partnership could impact the glutathione market by introducing novel drugs that are based on Japanese science and technology. This can affect market dynamics and competition in the specialized pharmaceutical industry. Furthermore, this collaboration could lead to improvements in treatments related to glutathione, which could have an impact on trends in pharmaceutical research and development.

January 2022: Officially, two well-known producers of dietary supplements and vitamins, Natrol and Jarrow Formulas, amalgamated to establish Vytalogy Wellness (Vytalogy). The product brands that customers have come to know and love—Natrol and Jarrow Formulas—will remain in use. Their new name, Vytalogy, which is an acronym for the science of vitality, better conveys their dedication to bringing energy and well-being into the lives of their clients.

Market Impact: The emphasis of this acquisition is based on health and increasing interest in well-being, which may have an impact on customer choices in the cutthroat glutathione market. The degree to which the new brand appeals to both current and prospective consumers will determine its influence. With a stronger competitive position in the glutathione market as a result of this partnership, the new company may be able to develop creative formulas or broaden its product offering.

Glutathione Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Oceania
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Product Type
  • Product Form
  • End-use Application
  • Region

Key Companies Profiled

  • Kyowa Hakko Bio Co., Ltd.
  • Shandong Jincheng Bio-pharmaceutical Co., Ltd.
  • KOHJIN Life Sciences
  • Now Foods
  • Mitsubishi Corporation Life Science Limited
  • Bachem
  • Lypo-Spheric
  • Ajinomoto Group
  • Atrium Innovations

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Glutathione Market Research Segmentation

By Product Type:

  • Reduced Glutathione (GSH)
  • Oxidized Glutathione (GSSG)
  • Liposomal Glutathione
  • N-acetylcysteine (NAC)
  • S-Acetyl Glutathione

By Product Form:

  • Oral Capsules or Tablets
  • Lozenges
  • Liquids
  • Intravenous (IV) Glutathione
  • Topical Creams
  • Inhalation

By End-use Application:

  • Nutritional Supplements/ Nutraceutical Supplements
  • Skin Care
  • Respiratory Health
  • Intravenous (IV) Therapy
  • Sports Nutrition
  • Chronic Illness Management
  • Cosmetics
  • Food Preservation
  • Pharmaceuticals

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

For report customisation and delivery information contact our sales representative.

Companies Covered in This Report

•    Kyowa Hakko Bio Co., Ltd.
•    Shandong Jincheng Bio-pharmaceutical Co., Ltd.
•    KOHJIN Life Sciences
•    Now Foods
•    Mitsubishi Corporation Life Science Limited
•    Bachem
•    Lypo-Spheric
•    Ajinomoto Group
•    Atrium Innovations

Frequently Asked Questions

The market is anticipated to grow at a CAGR of 8.7% during the projected period.

The glutathione market was valued at USD 479.0 million in 2023.

The U.S. held the largest market share in 2023.

The prominent players in the market are Kyowa Hakko Bio Co., Ltd., Now Foods, KOHJIN Life Sciences, Mitsubishi Corporation Life Science Limited, and others.

The liquids segment is expected to grow at the fastest growth during the forecast period.

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