The global Ergothioneine (EGT) market was valued at US$ 15 million in 2020 and is expected to reach US$ 125 million by the end of 2027, growing at a CAGR of 36.2% during 2021-2027.
Ergothioneine is a naturally occurring amino acid and is a thiourea derivative of histidine, containing a sulfur atom on the imidazole ring. This compound is made in relatively few organisms, notably Actinobacteria, Cyanobacteria, and certain fungi.
Global key players of Ergothioneine (EGT) include Tetrahedron, Mironova Labs, Blue California, Aktin Chemicals,Inc. and Sobeo Biotech, etc. Top two players occupy for a share about 87%. North America is the largest market, with a share about 47%, followed by China and Europe. In terms of product, Chemical synthesis Method is the largest segment, with a share over 87%. In terms of application, Medical Industry is the largest market, with a share over 50%.
Global Ergothioneine (EGT) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Ergothioneine (EGT) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Mironova Labs, Tetrahedron, Blue California, Aktin Chemicals,Inc., Sobeo Biotech, Bloomage Bioactive, Sinonocy, Taizhou Tianhong Biochemistry Technology Co., Ltd. and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-ergothioneine-egt-market-research-report
Segment by Type
- Chemical synthesis Method
- Fermentation Method
Segment by Application
- Medical Industry
- Food Industry
- Cosmetics Industry
Table of Content:
1 Ergothioneine (EGT) Market Overview
2 Ergothioneine (EGT) Market Competition by Manufacturers
3 Ergothioneine (EGT) Retrospective Market Scenario by Region
4 Global Ergothioneine (EGT) Historic Market Analysis by Type
5 Global Ergothioneine (EGT) Historic Market Analysis by Application
6 Key Companies Profiled
7 Ergothioneine (EGT) Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Ergothioneine (EGT) Market Dynamics
10 Global Ergothioneine (EGT) Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta