Market Overview:
The global ergothioneine (EGT) sales market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for EGT from the medical industry, food industry, and cosmetics industry. Additionally, the growing awareness about the benefits of EGT is also propelling the growth of this market. The global ergothioneine (EGT) sales market by type is segmented into chemical synthesis method, fermentation method, and other methods. The chemical synthesis method segment dominates this market owing to its low cost and easy availability as compared to other methods. However, with technological advancements in fermentation processses;the fermentation method segment is projected to grow at a higher CAGR during the forecast period. Among these applications;medicalindustry holds majority share in terms of revenue contribution followed by food and cosmetics industries respectively .
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Product Definition:
Ergothioneine (EGT) Sales is the sale of ergothioneine. Ergothioneine is an amino acid that is found in mushrooms and some other foods. It has antioxidant and anti-inflammatory properties, and may help protect cells from damage.
Chemical synthesis Method:
Chemical synthesis method is used to produce EGT in large quantities. The growth factor for this market is the increasing demand for safe and effective pharmaceutical products. Chemical synthesis method has been gaining popularity over biological methods due to its high efficiency, low cost, and less time consumption.
The chemical synthesis of EGT involves a series of reactions between different chemicals that result in the formation of ergothioneine (EGT).
Fermentation Method:
The fermentation method is used to produce EGT. It is a chemical process that involves the growth of microorganisms, such as yeast and bacteria, to create a desired product. The most commonly used microorganisms are Bacillus (liver), Aspergillus (aspartic acid), and Pichia (glycerol). The fermentation method has different steps for producing different products; these include purification, conversion into an intermediate or final product, and scale-up.
Application Insights:
The medical industry dominated the global ergothioneine (EGT) sales market, accounting for over 35% of the total revenue in 2017. The growing application scope of EGT in drug development and its derivatives is one of the key factors responsible for this growth. Ergothioneine has been used as a standard test material to study various disorders including diabetes, cancer and cardiovascular diseases. It also finds applications in nutritional supplements & drugs developed to treat diabetes mellitus type 2 and high cholesterol levels among others.
In addition, it plays an important role as a component in several cosmetic products such as anti-aging creams that help improve skin elasticity by increasing collagen production which helps reduce wrinkles caused due to facial expression lines on face & neck area.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to high demand for cosmetics products and rising geriatric population. The region is expected to witness a CAGR of XX% over the forecast period, majorly driven by China and Japan due to their large geriatric population base. In addition, increasing awareness regarding health benefits associated with EGTs is anticipated to propel regional growth during the forecast period.
Europe accounted for a significant share in terms of revenue as well as volume in 2017 owing mainly to Germany’s strong presence across various application industries including food & beverage, medical devices, pharmaceuticals among others EGT sales from fermentation method are more predominant than chemical synthesis method which accounts for majority share followed by other methods such as microbe culture or yeast extraction process which has been proved effective against several diseases like cancer and diabetes among others The U.S.
Growth Factors:
- Increasing awareness about the health benefits of ergothioneine is expected to drive its sales market in the coming years.
- Growing demand for natural and organic products is anticipated to create lucrative opportunities for the growth of EGT sales market in the near future.
- Rising incidence of chronic diseases such as cancer, diabetes, and heart diseases is likely to boost demand for EGT over the forecast period.
- Increasing research and development activities on ergothioneine are projected to propel its sales market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ergothioneine (EGT) Sales Market Research Report
By Type
Chemical synthesis Method, Fermentation Method, Other
By Application
Medical Industry, Food Industry, Cosmetics Industry
By Companies
Mironova Labs, Tetrahedron, Blue California, Aktin Chemicals,Inc., Sobeo Biotech, Bloomage Bioactive, Sinonocy, Taizhou Tianhong Biochemistry Technology Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Ergothioneine (EGT) Sales Market Report Segments:
The global Ergothioneine (EGT) Sales market is segmented on the basis of:
Types
Chemical synthesis Method, Fermentation Method, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Industry, Food Industry, Cosmetics Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mironova Labs
- Tetrahedron
- Blue California
- Aktin Chemicals,Inc.
- Sobeo Biotech
- Bloomage Bioactive
- Sinonocy
- Taizhou Tianhong Biochemistry Technology Co., Ltd.
 Sales Market Overview.svg)
Highlights of The Ergothioneine (EGT) Sales Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chemical synthesis Method
- Fermentation Method
- Other
- By Application:
- Medical Industry
- Food Industry
- Cosmetics Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ergothioneine (EGT) Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Sales Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ergothioneine is a natural product that has been used in the treatment of various diseases. It is also being studied for its potential use as a supplement to improve overall health.
Some of the key players operating in the ergothioneine (egt) sales market are Mironova Labs, Tetrahedron, Blue California, Aktin Chemicals,Inc., Sobeo Biotech, Bloomage Bioactive, Sinonocy, Taizhou Tianhong Biochemistry Technology Co., Ltd..
The ergothioneine (egt) sales market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ergothioneine (EGT) Sales Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ergothioneine (EGT) Sales Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ergothioneine (EGT) Sales Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ergothioneine (EGT) Sales Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ergothioneine (EGT) Sales Market Size & Forecast, 2018-2028
4.5.1 Ergothioneine (EGT) Sales Market Size and Y-o-Y Growth
4.5.2 Ergothioneine (EGT) Sales Market Absolute $ Opportunity
Chapter 5 Global Ergothioneine (EGT) Sales Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ergothioneine (EGT) Sales Market Size Forecast by Type
5.2.1 Chemical synthesis Method
5.2.2 Fermentation Method
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ergothioneine (EGT) Sales Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ergothioneine (EGT) Sales Market Size Forecast by Applications
6.2.1 Medical Industry
6.2.2 Food Industry
6.2.3 Cosmetics Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ergothioneine (EGT) Sales Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ergothioneine (EGT) Sales Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ergothioneine (EGT) Sales Analysis and Forecast
9.1 Introduction
9.2 North America Ergothioneine (EGT) Sales Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ergothioneine (EGT) Sales Market Size Forecast by Type
9.6.1 Chemical synthesis Method
9.6.2 Fermentation Method
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ergothioneine (EGT) Sales Market Size Forecast by Applications
9.10.1 Medical Industry
9.10.2 Food Industry
9.10.3 Cosmetics Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ergothioneine (EGT) Sales Analysis and Forecast
10.1 Introduction
10.2 Europe Ergothioneine (EGT) Sales Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ergothioneine (EGT) Sales Market Size Forecast by Type
10.6.1 Chemical synthesis Method
10.6.2 Fermentation Method
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ergothioneine (EGT) Sales Market Size Forecast by Applications
10.10.1 Medical Industry
10.10.2 Food Industry
10.10.3 Cosmetics Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ergothioneine (EGT) Sales Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ergothioneine (EGT) Sales Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ergothioneine (EGT) Sales Market Size Forecast by Type
11.6.1 Chemical synthesis Method
11.6.2 Fermentation Method
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ergothioneine (EGT) Sales Market Size Forecast by Applications
11.10.1 Medical Industry
11.10.2 Food Industry
11.10.3 Cosmetics Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ergothioneine (EGT) Sales Analysis and Forecast
12.1 Introduction
12.2 Latin America Ergothioneine (EGT) Sales Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ergothioneine (EGT) Sales Market Size Forecast by Type
12.6.1 Chemical synthesis Method
12.6.2 Fermentation Method
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ergothioneine (EGT) Sales Market Size Forecast by Applications
12.10.1 Medical Industry
12.10.2 Food Industry
12.10.3 Cosmetics Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ergothioneine (EGT) Sales Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ergothioneine (EGT) Sales Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ergothioneine (EGT) Sales Market Size Forecast by Type
13.6.1 Chemical synthesis Method
13.6.2 Fermentation Method
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ergothioneine (EGT) Sales Market Size Forecast by Applications
13.10.1 Medical Industry
13.10.2 Food Industry
13.10.3 Cosmetics Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ergothioneine (EGT) Sales Market: Competitive Dashboard
14.2 Global Ergothioneine (EGT) Sales Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mironova Labs
14.3.2 Tetrahedron
14.3.3 Blue California
14.3.4 Aktin Chemicals,Inc.
14.3.5 Sobeo Biotech
14.3.6 Bloomage Bioactive
14.3.7 Sinonocy
14.3.8 Taizhou Tianhong Biochemistry Technology Co., Ltd.
