Glutathione Market to Record Significant Revenue Growth During the Forecast Period 2022-2028
Stratview Research has published a new report titled “Glutathione Market” which is segmented by Product Type (Reduced Glutathione and Oxidized Glutathione), by Application Type (Pharmaceutical, Cosmetics, Nutraceutical, and Food), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market was expected to grow from USD 353.19 million in 2021 to USD 576.74 million by 2028 at a CAGR of 7.18% during the forecast period 2022-2028.
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This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Product Type
Reduced Glutathione is expected to account for the major share of the market during the forecast period.
The market is segmented as reduced glutathione and oxidized glutathione. There is a continuous rise in the cases of cancer across the globe. Rapid growth in population, changes in lifestyle, increase in the number of smokers and tobacco use are the major factors responsible for the rising prevalence of cancer. Therefore, increasing burden of cancer around the globe is expected to drive the growth for reduced glutathione, owing to its ability to protect cancer patients from the harmful side effects of chemotherapy.
By Application Type
The Pharmaceutical Segment is anticipated to account for the major share of the market during the forecast period.
The market is segmented as pharmaceutical, cosmetics, nutraceutical, and food. The growth of the segment is supported by the incessant demand for manufacturing drugs, which is realized by pharmaceutical manufacturers. As a result of the product's high utilization in the manufacture of many pharmaceutical products, pharmaceutical manufacturers generate enormous growth opportunities for the glutathione market, driving the segment's growth over the forecast period.
Which Region is expected to remain the largest market?
North America is estimated to be the leading region in the market during the forecast period.
The region’s growth is owing to the presence of major pharmaceutical companies in the region such as Johnson & Johnson and Pfizer. In addition, the regional market for glutathione bears immense growth potential as the product is extensively used in the production of various pharmaceutical products. Furthermore, the region's market growth can be attributed to several benefits associated with the product such as tissue repair & building and immune system boosting. The product is also used to treat diseases such as asthma, cataracts, and anemia.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Glutathione Market:
• Kyowa Hakko Bio Co., Ltd.
• Nissor Pharmaceuticals Ltd.
• Shenzhen GSH Bio-tech Co., Ltd
• KOHJIN Life Sciences Co., Ltd
• Anhui GSH Bio-Technology Co., Ltd
• Kaiping Genuine Biochemical Pharmaceutical Co., Ltd
• Herbo Nutra
• Haihang Industry Co., Ltd.
• Meteoric Biopharmaceuticals Pvt. Ltd.
• Xi’an Fengzu Biological Technology Co., Ltd.
Key questions answered by the report:
• What is the projected CAGR for revenue from the Glutathione Market during the forecast period?
• What would be the market be valued at by 2028?
• What is a major driving factor for growth of the market?
• Which region accounted for largest revenue share in the Glutathione Market?
• Which are the major market players?
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