Press Release

Global Glutathione Market is Expected to Reach 80 Million USD by 2024

Date : Oct 21, 2018

New report published by Global QYResearch which offers insights on the global Glutathione market. The global Glutathione market is valued at USD 73.94 million in 2017 and is expected to reach USD 80.33 million by the end of 2024, growing at a Growth Rate of 1.19% between 2017 and 2024.

Global Glutathione Market: Market Driver and Restraint

On the one hand, GSH manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers. Besides, they are trying to broaden the applications of GSH. At the same time, new manufacturers are trying to introduce new alternatives.

The threat of substitutes arises when there are similar products developed by competitors which satisfy the market needs. When consumers have access to substitute products which can satisfy their market needs, then manufacturers and suppliers lose their bargaining power. Consumers are able to purchase competitor's products if they are not satisfied with product price or quality. In order for suppliers to tackle the challenge of threat of substitutes, they have to innovate products which meet the needs of their target market segments.

We tend to believe this industry is an emerging industry, and the consumption increasing degree will show a rapid growth curve. However, GQYR interviewed many manufacturers' sales or production managers who said that glutathione's sales growth rate was lower than the manufacturer's as expected. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.

Global Glutathione Market: Key Takeaways

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. In the future, the market in developed countries will have some growth and the market in developing countries will have a faster growth rate. In the globe, emerging economies countries support photovoltaic industry and semiconductor industry, it will lead the increase of special graphite demand.

Global Glutathione Market: Forecast by Application

Glutathione (GSH) is a peptide, composed of amino acid strings that are the basic building blocks of protein. This miraculous tripeptide (three amino acids) is probably the most important cellular defense that allows the body to prevent and fight infections and disease. In the pharmaceutical industry, Glutathione is often used as an injection.

Glutathione is one of your body's main antioxidants. The small molecule is present in every cell of the body‚ which gives it the ability to neutralize and fight free radical damage in those areas. It is integral to cell health and helps maintain proper cellular functioning. The substance is also an essential component for two major enzymes. Within the gastrointestinal tract‚ glutathione also supports your liver cleansing process.

Glutathione is widely used in pharmaceutical, health products, cosmetic, food additives and others. In the pharmaceutical industry, Glutathione is mainly used for liver treatment. In China, Japan, Europe and other regions, many companies produce injections for liver disease. In the United States, there are many companies producing tablets as health products for liver disease.

Global Glutathione Market: Forecast by Region

Currently, only a handful companies in worldwide can produce glutathione product, mainly concentrate in Japan and China. The main market players are Kyowa Hakko Bio, KOHJIN Life Sciences, Shandong Jincheng Biological Pharmaceutical, Shenzhen GSH Bio-tech, Kaiping Genuine Biochemical Pharmaceutical and Gnosis SpA. Kyowa Hakko Bio is the world leader. United States, Europe, China and Japan are the world's major consumption regions. In 2017, these four regions held 92% of the world's consumption. China is the world's largest consumption region, which held 39% of the consumption market in 2017.

Global Glutathione Market: Key Players

Kyowa Hakko Bio, Shandong Jincheng, KOHJIN Life Sciences, Shenzhen GSH Bio-tech, Kaiping Biochemical Pharmaceutical and Gnosis SpA, are the key vendors included in this report.

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