L-Ergothioneine (EGT) Market Is Estimated To Witness High Growth Owing To Increasing Demand from Personal Care Industry
L-Ergothioneine (EGT) market 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 en...