Global Glutathione Market Is Estimated To Witness High Growth Owing
The Glutathione Market is estimated to be valued at US$ 252.1 Mn in 2022 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Glutathione is a naturally occurring antioxidant found in human cells that plays a crucial role in maintaining overall health. It has various applications in the pharmaceutical, cosmetics, and food industries. In pharmaceuticals, glutathione is used as a medicine to treat various diseases and disorders such as liver diseases, cancer, and Parkinson's disease. In the cosmetics industry, it is widely used in skincare products for its anti-aging and skin brightening properties. Additionally, it is also used in the food industry as a food additive to enhance the nutritional value of food products.
Key Takeaways:
The global glutathione market is expected to witness high growth, exhibiting a CAGR of 8.8% over the forecast period from 2023 to 2030. This growth is primarily driven by the increasing consumer awareness of the health benefits offered by glutathione, such as antioxidant properties, immune system support, and detoxification abilities. Additionally, the market is boosted by the growing demand for anti-aging products and increased healthcare spending.
In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the glutathione market. This can be attributed to factors such as the presence of key market players in the region, rising disposable income, and growing consumer awareness about the importance of maintaining good health.
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