Newark, July 21, 2022 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global glutathione resin market is expected to grow from USD 446.16 million in 2021 to USD 960.25 million by 2030, at a CAGR of 8.89% during the forecast period 2022-2030.
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The glutathione resin is an affinity chromatography medium created for one-step purification of recombinant GST fusion proteins & other glutathione binding proteins described in mammalian cells, E. coli, and insect cells. Glutathione resin is an outstanding option for high-performance purifications. Glutathione resin boosts the immune system & efficiently operates on skin-related disorders. The glutathione level in the body might be reduced by multiple factors, including environmental toxins, poor nutrition, and stress. Glutathione resin immobilized on a chromatography matrix, such as Sepharose or agarose, serves as a substrate for the glutathione S-transferase moiety of fusion proteins. The yield & purity of the recombinant fusion protein is conditional on the protein’s solubility, confirmation, and expression levels.
The increasing awareness about health & safety, growing global population, and expanding field of pharmaceuticals are expected to boost demand for the glutathione resin market during the projection period. Additionally, the increasing demand for affinity resins, the continuous development of custom affinity bioprocess resin, and the expanding pharmaceutical sector are also expected to drive market growth during the forecast period. Further, the rising number of corporations entering the market to fulfill the supply & demand gaps that occurred due to cutbacks in primary producing countries like India, China, and others also helps to propel market growth. The increasing demand for affinity chromatography techniques in R&D activities related to drug & vaccine development is expected to drive the market during the forecast period. Moreover, the need for glutathione is likely to rise in the COVID-19 epidemic due to the increasing focus on countering different pollutants present in the environment.
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Key players operating in the global glutathione resinmarket areBio-Rad Laboratories, Inc.,Cytiva, Abcamplc, Creative Biomart,Gold Biotechnology,Merck kGaA, Shenzhen GSH Bio-Technology Co. Ltd., DSS Takara Bio India Pvt Ltd.,KOHJIN Life Sciences Co.Ltd., Geno Technology Inc.,Nissor Pharmaceuticals, KOHJIN Life Sciences Co.Ltd.,Thermo Fisher Scientific, Mitsubishi Corporation Life Sciences Limited, and Thomas Scientific, and among others.To enhance their market position in the global glutathione resinmarket, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership.
The protein purification application segment led the market with a market share of 33.14% and a market value of around 147.86 million in 2021.
The application segment is divided into research, imunoprecipitation (IP), protein purification, and others. The protein purificationapplication segment led the market with a market share of 33.14% and a market value of around 147.86 million in 2021. This growth is attributed to the increasing investments in R&D by pharmaceutical manufacturers.Further, the rising population and the increasing demand for high-quality proteins, vaccines, & pharmaceutical drugs also help boost the segment's growth.
The oxidized glutathione product type segment led the market with a market share of 57.12% and a market value of around 254.85 million in 2021.
The product type segment is divided intoreduced glutathione and oxidized glutathione. The oxidized glutathione product type segment led the market with a market share of 57.12% and a market value of around 254.85 million in 2021.This growth is attributed to the increasing customer expenditure on skincare & cosmetic products.
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Regional Segment Analysis of the Glutathione Resin Market:
• North America (U.S. Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
• Asia-Pacific (China, Japan India, Rest of APAC)
• South America (Brazil and Rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific region occurred as the largest market for the global glutathione resinmarket with a market share of 37.14% and a market value of around 165.70 million in 2021. The Asia Pacific currently dominates the glutathione resin market due to the increasing government help for domestic production & manufacturing enterprises and the region's rising pharmaceutical R&D sector. Furthermore, the North America region is expected to show the fastest CAGR of 10.08% over the projection period. This growth is attributed to the growing demand for vaccine discovery to combat illness & biomedical research sectors. Moreover, the rising use of purified proteins antibodies in medicinal places is also anticipated to drive the product demand in North America.
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About the report:
The global glutathione resinmarket is analysed based on value (USD Million). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.
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