What is Global Glabridin Market?
The Global Glabridin Market is an intriguing sector of the global economy, focusing on the production and distribution of Glabridin, a chemical compound derived from the root of the licorice plant. This market has a significant impact on various industries, particularly in the cosmetic and pharmaceutical sectors. The compound is highly sought after due to its numerous beneficial properties, including its ability to inhibit melanin production, making it a popular ingredient in skin-lightening products. Additionally, it has anti-inflammatory and anti-oxidant properties, making it a valuable component in various pharmaceutical products.
20% (HPLC), 40% (HPLC), 60% (HPLC), 90% (HPLC), 98% (HPLC), Other in the Global Glabridin Market:
The Global Glabridin Market is segmented based on the purity of the Glabridin produced, with categories including 20% (HPLC), 40% (HPLC), 60% (HPLC), 90% (HPLC), 98% (HPLC), and others. Each segment has its unique applications and market demand. For instance, the 40% (HPLC) Glabridin is highly valued for its balanced potency and affordability, making it a popular choice for many manufacturers. On the other hand, the 98% (HPLC) Glabridin, with its high purity, is often used in high-end cosmetic and pharmaceutical products, commanding a higher market price.
Cosmetic, Pharmaceutical in the Global Glabridin Market:
The usage of Glabridin in the cosmetic and pharmaceutical industries is extensive. In the cosmetic industry, Glabridin is a key ingredient in skin-lightening products, anti-aging creams, and other skincare products due to its ability to inhibit melanin production and its anti-oxidant properties. In the pharmaceutical industry, Glabridin is used in various medications due to its anti-inflammatory properties. It's also being studied for potential use in treating various health conditions, including cardiovascular diseases and certain types of cancer.
Global Glabridin Market Outlook:
The Global Glabridin Market is projected to experience steady growth in the coming years. In 2022, the market was valued at US$ 19 million, and it's expected to reach US$ 26 million by 2029, growing at a CAGR of 4.8% from 2023 to 2029. The 40% (HPLC) Glabridin segment is a significant contributor to this growth, with its value expected to increase from 7778 K USD in 2020 to 10718 K USD in 2026. The cosmetic sector is the largest consumer of Glabridin, accounting for 89.17% of sales in 2020. China is the largest producer of Glabridin, producing 949 Kg in 2019, which accounted for 37.85% of the global total. The United States is the largest consumer, with its consumption accounting for 24.28% of the global total in 2019.
| Report Metric | Details |
| Report Name | Glabridin Market |
| Accounted market size in 2022 | US$ 19 in million |
| Forecasted market size in 2029 | US$ 26 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Sabinsa, Alchem International, MAFCO, Plamed Green Science Group, Xi'an Zhongying, Spring Autumn Biological, Huaian Brothers Biotechnology, Xi’an Tianye Biotech, Maruzen Pharmaceuticals, SK Bioland, Sunpure Extracts |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
