The global demand for Synthetic Ergothioneine Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Synthetic ergothioneine (ET) are obtained from foods and food components that have been genetically modified. It is used as a medicine for joint pain, heart disease, wrinkles, liver damage, cataracts, Alzheimer disease, diabetes, and other conditions. It is powerful antioxidant and possesses cytoprotective properties in vitro. There is evidence that the body may concentrate it at sites of tissue injury by raising OCTN1 levels, considered as a molecule for longevity and referred to as longevity vitamin.
Rising prevalence of chronic diseases and approvals by the FDA for treatment is projected to drive the growth of the market. Ergothioneine research has been accelerating rapidly and there is mounting evidence that it can help as a new therapy. Research shows that ergothioneine has promising effects in curing neurodegenerative diseases such as Alzheimer's and dementia. Also, it has been observed that patients suffering from neurodegenerative diseases have considerably lower blood levels of ergothioneine than others. These findings suggest that ergothioneine might have great potential to onset the market. Meanwhile, the high price and lack of commercial availability of ergothioneine are limiting the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of synthetic ergothioneine.
The entire synthetic ergothioneine market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Chemical Synthesis
- Food Industry
This section covers regional segmentation which accentuates on current and future demand for synthetic ergothioneine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Synthetic Ergothioneine Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the synthetic ergothioneine market include Tetrahedron, Mironova Lab, Oxis International, Good Scents Company. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.