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Growth Accelerated By Increasing Demand From Personal Care And Cosmetic Industry

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Ashish Thapa
Growth Accelerated By Increasing Demand From Personal Care And Cosmetic Industry

Glutathione is an antioxidant that helps neutralize free radicals, which are molecules produced when our bodies convert food into energy. It plays an important role in reducing oxidative stress in the body and boosting the immune system. Glutathione supplements are widely used in personal care products and cosmetics due to their ability to protect the skin from environmental damage and signs of aging. The increasing health awareness among consumers regarding the benefits of glutathione for skin lightening and rejuvenation has accelerated the demand for glutathione-based cosmetics and personal care products.

The global Glutathione Market is estimated to be valued at US$ 274.28 Mn  in 2023 and is expected to exhibit a CAGR of 18%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing demand from the personal care and cosmetic industry is one of the major trends driving the growth of the glutathione market. Glutathione acts as an antioxidant and helps reduce the appearance of fine lines, wrinkles, and age spots when applied topically. It protects the skin from sun damage and free radical activity which can accelerate the signs of aging. Many skin lightening, anti-aging, and brightening cosmetic products contains glutathione due to its effectiveness. With growing consumer preference for natural and organic personal care products, the use of glutathione as a key ingredient in cosmetics has increased considerably. The booming cosmetic industry worldwide is expected to augment the demand for glutathione over the forecast period.


Segment Analysis

The global glutathione market is dominated by the pharmaceutical segment. This segment accounts for more than 45% of the overall market share due to high demand for glutathione supplements in treating various chronic ailments and diseases. The personal care segment holds the second position owing to usage of glutathione in anti-aging creams and products. The food & beverage segment is expected to witness strong growth over the forecast period due to rising applications in food & pharma preservations as well as for detoxification purposes.

Key Takeaways

The global Glutathione Market Demand  is expected to witness high growth over the forecast period driven by rising health consciousness among consumers and growing applications across end use industries. The market size is projected to increase from US$ 274.28 Mn  in 2023 to reach US$ 543.83 Mn by 2030, expanding at an impressive CAGR of 18% .

Regional analysis

North America currently dominates the global market and is expected to maintain its lead through 2030. Increasing prevalence of lifestyle diseases and growing adoption of glutathione supplements are major factors responsible for regional market growth. Asia Pacific is anticipated to emerge as the fastest growing regional market owing to rising healthcare expenditure, growing middle class population and increasing prominence of nutraceuticals & natural ingredients in the region. Countries like China, India, South Korea and Japan are projected to be at the forefront of regional market expansion over the next decade.

Key players

Key players operating in the glutathione market are BYD Company Limited, Panasonic Corporation, Contemporary Amperex Technology Co. Limited, Samsung SDI Co. Ltd, TianJin Lishen Battery Joint-Stock CO. LTD, GS Yuasa Corporation. Duracell Inc., Clarios (Formerly Johnson Controls International PLC), VARTA AG, LG Chem Ltd, Tesla Inc. and EnerSys. These players are focusing on business expansion and new product development strategies to gain a competitive edge in the market.

Get More Insights On This Topic:   https://www.pressreleasebulletin.com/the-global-glutathione-market-is-estimated-to-driven-by-rising-health-consciousness/

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