Glutathione is an antioxidant which is beneficial for human health and for protection against any type of disorder. It can also be added in food & beverages for nutrition purposes. It is mainly found in plants, fungi, animals, and others. Glutathione is consumed in oral form or through gel, soap or lotions to incur various health benefits. The glutathione market is expected to grow considerably on account of increasing application of glutathione in various end use industries such as pharmaceutical, personal care and food & beverage industry. Moreover, it is used in a number of foods and compositions because of several dietary benefits, which is anticipated to increase the demand for glutathione in upcoming years. The global demand for glutathione is further expected to rise on account of its immune boosting property and its function as a liver detoxifier. In 2019, the global glutathione market accounted for a market value of USD 192.23 million and is expected to grow at a CAGR of 5.93% over the forecast period of 2021-2028.
The glutathione market in North America held the highest market share in 2019 and is estimated to hold this position throughout the forecast period. The market is anticipated to grow at a significant CAGR during the forecast period owing to the changing lifestyle of the population of North American countries and increasing awareness among the region's consumers about the antioxidant property of glutathione supplement. Multiple benefits associated with the consumption of glutathione on immunity, skin brightening, and protection of cells from oxidative stress, has led to the increase in demand for glutathione in the region. Manufacturers are focusing on developing high purity and more efficient mixtures to cater demand from end users, which is expected to create new opportunities for the market over the forecast period. Glutathione market in Europe is growing significantly on account of rising awareness towards nutritional enrichment among working professionals for maintaining well-being of the human body. Rising concerns over the ill effect associated with conventional pharmaceutical medicines are anticipated to drive the market's growth. Increasing household income in countries such as Germany, France, UK, among others tend to increase consumers' spending capacity on nutritional supplements that increases the growth of the market. CLICK TO DOWNLOAD SAMPLE REPORT
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
