Glutathione market will exceed 361 million US dollars by 2027 | Kyowa Hakko Bio Co., Ltd, Jarrow Formulas, Inc.-EIN Presswire

2021-11-24 04:46:17 By : Ms. helen Liang

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Seattle, USA, November 23, 2021/ 2027, the global glutathione market is expected to exceed US$361 million, with a compound annual growth rate of 7.4 during the forecast period (2020-2027) %.

Glutathione is a common antioxidant found in various personal care and cosmetic products. The main driving force of the glutathione market is the strong demand for cosmetics and growing consumer spending, especially in the Asia-Pacific region. Glutathione is commonly used in skin care products because it protects the skin from the visible effects of environmental changes. Skin care products rich in glutathione help restore and brighten the skin. During the forecast period, the skin care product market is expected to rise due to the increasing consumer demand for beauty and personal care products.

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Major companies operating in the global glutathione market include Xiehe Fermentation Biological Co., Ltd., Shandong Jincheng Biopharmaceutical Co., Ltd., KOHJIN Life Science Co., Ltd., Shenzhen GSH Biotechnology Co., Ltd., Kaiping Genuine Biochemical Pharmaceutical Co., Ltd., Nissor Pharmaceuticals Ltd. and Jarrow Formulas, Inc.

During the forecast period, the demand for glutathione is expected to be driven by the growth in demand for nutritional cosmetics. Nutritional cosmetics is an oral nutritional supplement for beauty and skin health. The expansion of personal beauty and consumer awareness, as well as the busy lifestyle of an expanding urban population, are driving the nutritional cosmetics market.

During the forecast period, North America is expected to occupy a considerable share of the global glutathione market. The growing pharmaceutical industry in the region is driving the expansion of the glutathione market. According to the report entitled "The Value of OTC Drugs to the U.S. Healthcare System" issued by the Consumer Healthcare Products Association (CHPA) in 2019, American households spend about $442 on over-the-counter drugs on average every year in the following areas.

Global Glutathione Market-Impact of the Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic has changed consumer buying patterns. Measures such as the national lockdown have led to panic purchases of food and sanitary products. After the COVID-19 crisis, more and more patients choose to self-medicate instead of seeing a doctor. This has caused some people to stock up on over-the-counter medications to relieve symptoms.

In this study, the years considered to estimate the size of the glutathione market from 2020 to 2027 are as follows: Historical year: 2015-2017 Base year: 2017 Estimated year: 2018 Forecast year: 2018 to 2026

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The scope of the glutathione market report:

-Global market size, supply, demand, consumption, price, import and export, macroeconomic analysis, type and application breakdown information by region.

— Industry chain analysis, raw materials and end-user information

— Covers information about major players in the world, including SWOT analysis, company financial data, and laser marking machine data for each company.

— The powerful market analysis tools used in the report include: Porter's Five Forces Analysis, PEST Analysis, Driving Factors and Limitations, Opportunities and Threats.

— The base year of this report is 2019; the historical data is from 2014 to 2018, and the forecast year is from 2020 to 2026.

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