According to a market report by Lucintel, the future of the global L ergothioneine (EGT) market looks promising with opportunities in the pharmaceutical, personal care & cosmetic, food & beverage, and animal feed & nutrition markets. The global L ergothioneine (EGT) market is expected to grow with a CAGR of 26.5% from 2024 to 2030. The major drivers for this market are growing demand for natural and organic products, rising consumer awareness about health and wellness, and increasing demand in the skincare and cosmetic industry.A more than 150-page report to understand trends, opportunity and forecast in L ergothioneine (EGT) market to 2030 by product form (powder, capsule, tablet, liquid, and cream), source (mushroom, algae, and bacteria), distribution channel (direct sales, distributors, online retail, and specialty stores), end use (pharmaceutical, personal care & cosmetic, food & beverage, animal feed & nutrition, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product form category, powder is expected to witness the highest growth over the forecasts period due to their versatility, ease of use, and potential for customization.
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In terms of regions, North America is expected to witness highest growth over the forecasts period due to high prevalence of chronic diseases in the region, such as heart disease, cancer, and AlzheimerÄX%$%Xs disease, along with the existence of larger number of pharmaceutical companies and dietary supplement companies in the region.
AnaSpec, Cayman Chemical, Kaneka, Sigma-Aldrich, Gold Biotechnology, XiÄX%$%XanLyphar Biotech, ChemFaces, Henan Senyuan Biological Technology, Chengdu Biopurify Phytochemicals, Shenzhen Lvshiyuan Biotechnology are the major suppliers in the L ergothioneine (EGT) market.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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