The global Glutathione Resin market size is expected to be worth around US$ 877.46 million by 2030, according to a new report by Vision Research Reports.
The global Glutathione Resin market size was valued at US$ 450.60 Mn in 2020 and is anticipated to grow at a CAGR of 10.4% during forecast period 2021 to 2030.
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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 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.
The protein purification application segment dominated the market with a revenue share of over 51% in 2020. This high share was attributed to the increased demand for protein extraction from complex mixtures and increased research in biotechnological & pharmaceutical fields. Companies have developed protein purification technologies to develop COVID-19 vaccines.
Asia Pacific accounted for the highest revenue share of more than 51% in 2020 and is anticipated to grow at the fastest CAGR of more than 10% over the forecast period. This share is attributed to the growing government support for domestic manufacturing, which is likely to boost the production levels and reduce the dependence on imports in the Asia Pacific region, thereby offering lucrative opportunities to global manufacturers.
Key PlayersMerck kGaA Bio-Rad Laboratories, Inc. Thermo Fisher Scientific, Inc. Cytiva Takara Bio, Inc. Mitsubishi Corporation Life Sciences Ltd. Report Coverage Details Market Size US$ 877.46 million by 2030 Growth Rate CAGR of 10.4% From 2021 to 2030 Base Year 2020 Historic Data 2017 to 2020 Forecast Period 2021 to 2030 Segments Covered Application Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa Companies Mentioned Merck KGaA; Thermo Fisher Scientific Inc.; Cytiva; Bio-Rad Laboratories, Inc.; Takara Bio Inc.; Mitsubishi Corporation Life Sciences Ltd.
Market SegmentationApplication Protein Purification Immunoprecipitation (IP) Research Others Regional North America U.S. Canada Mexico Europe Germany U.K. France Italy Asia Pacific China India Japan South Korea Central & South America Brazil Argentina Middle East & Africa Saudi Arabia South Africa
In this study, the years considered to estimate the market size of Glutathione Resin are as follows:History Year: 2017-2020 Base Year: 2021 Forecast Year 2021 to 2030
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
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– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
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