Glutathione Market Is Estimated to Witness High Growth Owing to Growing Applications in Nutraceuticals
Glutathione is an antioxidant that plays an important role in maintaining the immune system and enhancing cellular functions in the body. It helps repair damaged cells and protects against oxidative damage. The increasing demand for nutraceuticals and functional foods & beverages across the globe is driving the growth of the glutathione market. Glutathione formulations are being increasingly used in pharmaceuticals, cosmetic products, and also as dietary supplements to boost overall health and wellbeing.
The Global Glutathione Market is estimated to be valued at US$ 315.98 Billion in 2024 and is expected to exhibit a CAGR of 26% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Glutathione market are Gainsight Inc., Open Text Corporation, Salesforce.com Inc., SAP SE, Verint Systems Inc., Medallia Inc., IBM Corporation, Oracle Corporation, Avaya Inc., Tech Mahindra, Totango, UserIQ Inc., ClientSuccess Inc., Natero Inc. (Freshworks), Planhat, CustomerSuccessBox, Armatic Technologies Inc. (BlueSnap)and Sitecore. Glutathione manufacturers are innovating product formulations for improved absorption in the body. Several new delivery forms such as liposomal encapsulation, sublingual sprays, and gummies are being introduced. Growing Research in regenerative medicine, disease management, and treatment is opening new opportunities for use of Glutathione.
Market Drivers
The increasing health awareness among consumers and growing preference for natural ingredients in wellness products are majorly driving the glutathione market growth. Growing geriatric population suffering from lifestyle Glutathione Market Size is further augmenting the demand. Glutathione helps build resistance against infections and diseases due to its strong antioxidant properties. The COVID-19 pandemic has highlighted the importance of boosting immunity and many consumers are now opting for glutathione supplements. Favorable government policies supporting the nutraceutical industry and approval for new application areas will continue to create high demand over the coming years.
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