The L-Ergothioneine (EGT) market is estimated to be valued at US$ 40.8 Mn in 2023 and is expected to exhibit a CAGR of 38. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
L-Ergothioneine (EGT) is an amino acid not synthesized by our body but rather obtained from dietary sources such as mushrooms. It acts as a potent antioxidant protecting cells from reactive oxygen species (ROS). EGT finds wide applications in personal care industry being used in anti-ageing creams, skin brightening products and hair color protecting shampoos.

Market Dynamics:
The L-Ergothioneine (EGT) market is expected to witness significant growth over the forecast period owing to increasing demand from personal care industry. Personal care product manufacturers are increasingly incorporating EGT into their formulations owing to its potent antioxidant properties. For instance, EGT helps protect skin from environmental damage caused by UV radiation and free radicals. It also aids in lightening skin complexion and reducing appearance of age spots and wrinkles. In hair care, EGT shields hair color molecules from sunlight and pollution induced fading. Additionally, mushroom cultivation and its downstream EGT production has been rising globally further propelling market growth over the coming years. However, availability of alternative natural antioxidants at lower costs may limit market expansion to some extent.

Read More - https://makuv.com/l-ergothioneine-egt-market-as-fastest-growing-segment-fueling-growth-of-nutraceuticals-market/