The global glutathione resin market size is expected to reach USD 777.46 million by 2028, registering a CAGR of 8.4% over the forecast period, as per the new report by Grand View Research, Inc. The market is majorly driven by the rising product demand on account of the rapid expansion of pharmaceutical industries and vaccine production.
Glutathione is widely used across numerous applications, such as cosmetics and nutraceuticals, owing to its beneficial properties. The product is one of the majorly used skin whitening agents in the cosmetic industry. Nowadays, skin whitening agents, either intravenous, oral, or topical, are widely available in the markets. Thus, the demand for glutathione is expected to increase over the forecast period, specifically in the cosmetic industry.
The growing investments for the development of structure-based drugs and technological advancements by both public and private research organizations are driving the demand for protein purification, in turn, making the protein purification application the dominant application segment and driving the product demand. With the increasing population, the demand for vaccines, pharmaceutical drugs, and high-quality proteins is rising, leading to a growth of the market. Increased government regulations are likely to restrict the market growth to some extent over the forecast period.
North America is anticipated to be the major regional market owing to the presence of highly developed pharmaceutical industries in countries, such as the U.S. and Canada. The pharmaceutical and biotechnology industry for glutathione resin is the biggest in this region owing to the huge demand from the research sector of the regional market. This market has widespread applications across various industries with the number of new players entering into growing pharmaceutical, biochemical, and other application industries.
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Glutathione Resin Market Report Highlights
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Glutathione Resin Market Segmentation
Grand View Research has segmented the global glutathione resin market report on the basis of application and region:
Glutathione Resin Application Outlook (Volume, Thousand Liters; Revenue, USD Thousand, 2017 – 2028)
Glutathione Resin Regional Outlook (Volume, Thousand Liters; Revenue, USD Thousand, 2017 – 2028)
List of Key Players of Glutathione Resin Market
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