L-Ergothioneine (EGT) Market to Exhibit 38% CAGR by 2031

L-Ergothioneine (L-EGT) is an amino acid with antioxidant properties produced by the body. L-EGT is being utilized extensively in cosmetic, pharmaceutical and food & beverage industries due to its anti-aging properties. L-EGT effectively quenches free radicals and reactive oxygen species without undergoing oxidation itself, making it a potent natural antioxidant. The rising demand for natural food additives and dietary supplements with health benefits is driving the incorporation of L-EGT in various functional food and beverages products.

The Global L-Ergothioneine (EGT) Market is estimated to be valued at US$ 77.7 Mn in 2024 and is expected to exhibit a CAGR of 38% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the L-Ergothioneine (EGT) are AnaSpec, Inc., Cayman Chemical

Company, Kaneka Corporation, Sigma-Aldrich (part of Merck KGaA), Gold Biotechnology,

Inc., Xi’an Lyphar Biotech Co.,, Ltd.,ChemFaces, Henan Senyuan Biological Technology

Co., Ltd., Chengdu Biopurify Phytochemicals Ltd., and Shenzhen Lvshiyuan Biotechnology Co., Ltd. These players are focusing on the production of high purity L-EGT through various fermentation and extraction processes to cater to the rising demand.

The growing awareness about beneficial health effects of L-EGT is boosting its demand across various applications. Pharmaceutical and dietary supplement industries are widely utilizing L-EGT due to its anti-aging and antioxidant properties. Manufacturers are introducing new product lines enriched with L-EGT.

L-Ergothioneine (EGT) Market share is being boosted as key players expand their presence globally, particularly in North America and European countries, to gain higher market shares. Manufacturers are also investing in R&D activities to develop efficient and eco-friendly production processes for L-EGT.

Market Key Trends

Mass spectrometry and HPLC techniques are widely being utilized to analyze L-EGT content and purity level in end products. Manufacturers are adopting single-use bioreactor technologies and continuous fermentation techniques to enhance L-EGT yields. New extraction techniques employing microalgal systems are being researched which can help lower the production costs of L-EGT.

Porter’s Analysis

Threat of new entrants: Very High as EGT market is niche and R&D requires huge investments. Also patents provide protection to existing players.

Bargaining power of buyers: Moderate as buyers have few substitutes and suppliers have differentiation in their offerings.

Bargaining power of suppliers: High as raw material sources are limited and suppliers have ensured continued supply to key buyers.

Threat of new substitutes:

L-Ergothioneine (EGT) Market Challenges and Opportunities reveal that the threat of substitution is low, as the product offers unique health benefits and no close substitutes presently exist in the market.

Competitive rivalry: Intense as key players compete on innovation, quality and differentiated offerings. Pricing pressures also impact margins.

Geographical Regions

North America accounts for the largest share of the global L-ergothioneine market in terms of value due to high health awareness and growing geriatric population. The US is the major revenue generator.

Asia Pacific is poised to be the fastest growing regional market between 2024–2031 led by China and India. Rising living standards, growing millennials and health supplement consumption are driving the market in the region.

Get More Insights On L-Ergothioneine (EGT) Market

https://fortunetelleroracle.com/news/l-ergothioneine--egt--market-to-exhibit-38--cagr-by-2031-965851

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Refractive Surgery: An Overview of Modern Techniques to Correct Vision

LASIK (Laser Assisted In-Situ Keratomileusis) surgery is one of the most common and popular refractive surgery procedures performed today. It uses a laser to reshape the cornea to correct vision. During LASIK surgery, the surgeon will:- Create a thin flap in the cornea using a laser or microkeratome. This flap is gently folded back to expose the inner corneal layer.- Use an excimer laser to remove tiny amounts of corneal tissue from the inner corneal layer. This reshapes the cornea to correct nearsightedness (myopia), farsightedness (hyperopia) or astigmatism.- Replace the corneal flap and allow it to heal back in place. The corneal flap procedure allows for very rapid healing with minimal discomfort for patients.LASIK provides very good visual outcomes for most patients. Results are usually immediate though fine tuning may be needed in the first few months after surgery. The main risks include dry eyes, visual halos or glare conditions at night. However, the risk of serious complications is low when performed by experienced surgeons.Photorefractive Keratectomy (PRK)PRK was one of the first corneal refractive procedures developed but is now less common than LASIK. Instead of using a corneal flap, the surface layer of the cornea is removed during PRK. The excimer laser is then used to reshape the stroma, or middle corneal layer:- The epithelial layer on the front surface of the cornea is painlessly removed using a solution or laser.- The excimer laser then reshapes the underlying stroma in a similar way as LASIK to correct vision.- A bandage contact lens is used until the epithelium heals, which usually takes 5-7 days.While results are good, recovery after PRK tends to be more painful and take longer than LASIK due to removing the corneal surface cells. Vision may also be more blurry initially. However, PRK does not require generation of a corneal flap.Lens Replacements: Phakic IOLs and Clear Lens ExtractionFor some patients who are not candidates for the cornea-based surgeries above, lens replacement procedures may be an option. Refractive surgery are artificial lenses that can be placed inside the eye behind the iris to correct refractive errors, without removing the natural lens:- Implantation of a phakic IOL requires an operation under general anesthetic to create a small incision and place the lens inside the eye behind the iris.- Various lens powers and optic designs are available to treat myopia, hyperopia or astigmatism while keeping the natural lens intact.- Risks include cataracts, glaucoma and possible later need to remove the natural lens. Close post-op monitoring is required.For patients with significant refractive errors, clear lens extraction (CLE) may be recommended. This involves removing the clear natural lens and replacing it with an IOL. Outcomes tend to be very reliable and predictable for correcting vision, though risks include increased risk of postoperative cataracts later in life without the natural lens.Refractive Lens ExchangeRefractive lens exchange (RLE) is a procedure to improve both distance and reading vision by removing the aged natural lens and replacing it with a modern multifocal IOL. The main steps are:- Performing small incisions and removing the clear natural lens using phacoemulsification.- Implanting a toric, extended depth of focus or multifocal IOL calculated to provide both distance and near/intermediate vision without glasses.- A short recovery and most patients experience good quality vision without glasses within 1-2 weeks.While the procedure eliminates dependency on reading glasses after surgery, some visual side effects may occur with multifocal lenses like halos or double vision. RLE provides a permanent 'all-in-one' vision correction solution but is not reversible once the natural lens is removed.refractive surgery has advanced significantly in the past few decades. Procedures like LASIK, PRK, lens implants and lens replacements now allow safe and effective vision correction for millions worldwide. Continued research aims to further improve outcomes, expand the number of treatable patients and provide even more personalized vision solutions. For those seeking freedom from glasses or contact lenses, modern refractive surgery presents numerous life-enhancing options.

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