Global Chondroitin Sulfate Market
Chemicals

Global Chondroitin Sulfate Market Size, Drivers, Trends, Opportunities And Strategies – Includes Chondroitin Sulfate Market Share

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

Growing osteoarthritis occurrences are projected to promote innovation in chondroitin sulphate manufacturing, propelling the market during the forecast period.

 

The global chondroitin sulfate market is expected to grow from $1.32 billion in 2022 to $1.39 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The global chondroitin sulfate market size is expected to reach $1.64 billion in 2027 at a CAGR of 4.2%.

 

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Global Chondroitin Sulfate Market Segments Include:

  • By Type: Capsule Form, Tablet Form, Powder Form
  • By Source: Bovine, Swine, Poultry, Shark, Synthetic
  • By End Users: Pet Food And Veterinary Supplements, Pharmaceutical And Biotech Companies, Cosmetics And Personal Care
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global chondroitin sulfate market in 2021.

 

Major Market Players in the chondroitin sulfate market include Seikagaku Corporation, Synutra Ingredients, Yantai Ruikangda Biochemical Products Co.ltd., TSI Group Ltd., Sioux Pharm, Summit Nutritionals International Inc., ZPD A/S, Sino Siam Bio technique Co. Ltd.

 

Product innovation is a significant trend that is gaining traction in the chondroitin sulphate market. To maintain their market position, major businesses in the chondroitin sulphate industry are developing new products. Infinitus, a China-based herbal health goods and services company, for example, debuted a new series of Li Mai Jian supplements in July 2022 with the subject “Making Bones Stronger for Joint Health.” They are professionally made with coix seeds and lobed kudzu vine root to provide extra joint care.

 

The Chondroitin Sulfate Global Market Report 2023  provides a chondroitin sulfate market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chondroitin sulfate market forecast analyzes chondroitin sulfate market size, chondroitin sulfate market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Chondroitin sulphate is a chemical compound present in human and animal cartilage that is often utilised in the treatment of osteoarthritis together with other substances like glucosamine. This disorder is distinguished by joint cartilage deterioration, which can be avoided by taking chondroitin sulphate, a major component of cartilage.

 

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