The global glutathione market is witnessing rising demand for glutathione supplements owing to their various health benefits. Glutathione is an antioxidant found naturally in plants, animals, and humans that plays an important role in reducing oxidative stress and boosting the immune system. The supplement form of glutathione is widely utilized for diseases like Parkinson’s, autism, cancer, HIV/AIDS, dementia, diabetes, and nonalcoholic fatty liver disease (NAFLD) among others. Glutathione supplements are available in various forms including pills, powders, liposomal and intravenous forms. The liposomal form of glutathione has maximum absorption in the body compared to other forms.
The Global Glutathione Market Demand is estimated to be valued at US$ 315.98 Bn in 2024 and is expected to exhibit a CAGR of 8.8% 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.
The key opportunities in the market include rising health consciousness and growing geriatric population prone to diseases. Additionally, approval of glutathione as nutritional and dietary supplement in countries will further augment the market demand.
Technological advancements like development of new delivery forms like liposomal and nano-liposomal glutathione having better absorption in the body compared to other delivery forms will accelerate the market growth.
Market drivers: The major market driver is the increasing cases of chronic diseases globally requiring glutathione supplementation as an important supportive therapy. As per WHO estimates, chronic diseases accounted for over 70% of all deaths globally in 2019. Other key drivers include growing geriatric population prone to age-related illnesses, rising awareness about benefits of glutathione in overall health and wellness.
Current Challenges in Glutathione Market
The glutathione market is facing challenges such as high price of raw materials and its extraction process. Glutathione is naturally present in fruit and vegetables but extracting it at mass scale for commercial purposes requires complex methods. This makes the production cost high which in turn increases the product price. Some key raw materials used like cysteine are also scarce and costly which impacts the overall market price negatively.
SWOT Analysis
Strength: Growing applications in various industries like pharmaceuticals, cosmetics and food have boosted demand.
Weakness: Complex production process and reliance on limited raw material sources.
Opportunity: Potential new applications in treating chronic diseases can offer future growth scope.
Threats: High costs poses affordability issues especially in developing nations. Restrictions on use of GSH as additive can hamper market potential.
Geographical Regions
North America leads the global glutathione market currently accounting for over 30% value share owing to rising health awareness and wide acceptance of supplements. Rapid economic development boosting per capita spending on healthcare supplements has benefited market prospects in Asia Pacific region which is also the fastest growing regional market for glutathione projected to see a CAGR of 8.8 % from 2024-2031. Rising middle class population and greater product affordability makes countries like China, India prime destinations for glutathione suppliers.
Europe currently constitutes around 25% of global market value led by countries such as Germany and United Kingdom where manufacturers find a robust customer base due to good per capita healthcare expenditure and demand for preventive health products. However, market growth may slow down here compared to Asia due to saturation.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it