Global Chondroitin Sulfate Market, By Source (Bovine, Porcine, Poultry, Fish, Sharks, Crocodiles, Others), Form (Powder, Tablets, Capsules), End Use (Cosmetics & Personal Care, Pharmaceuticals and Nutraceuticals, Aqua Feed, Pet Food and Veterinary Supplements), Distribution Channel (Drug Stores and Pharmacies, e-Commerce Channels, Other Sales Channels), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The chondroitin sulfate market is expected to witness market growth at a rate of 4.0% in the forecast period of 2021 to 2028. Data Bridge Market Research report on chondroitin sulfate market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of chondroitin sulfate market.
Chondroitin sulfate, also called sulfated glycosaminoglycan (GAG), refers to a chemical compound that is available in the connective tissues in humans present in the joints and cartilages of the body. The product is mostly used to treat osteoarthritis, urinary tract infections, and cataract. The commercial form of chondroitin sulfate is manufactured from various animals such as fish, poultry, bovine and shark, among others.
The rise in the demand for nutraceutical products across the globe acts as one of the major factors driving the growth of chondroitin sulfate market. The use of the product for treating osteoarthritis, cataracts, and urinary tract infections in the pharmaceutical grade, and rise in demand of chondroitin in the pet food industry for improving the cartilage functioning accelerate the market growth. The high usage of the chemical in the form of medicines to enhance digestive function, liver function, lower blood sugar, and inhibit tumor metastasis, and demand for product in in dietary supplements and food products as additives, thickeners, forming agents, preservatives, in food and animal feed further influence the market. Additionally, expansion of various end use industries, presence of various compliances and growth in awareness positively affect the chondroitin sulfate market. Furthermore, research and development to enhance the quality of the product extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, concerns regarding several hazardous effects due to direct inhalation such as heartburn, nausea, diarrhea, and constipation are expected to obstruct the market growth. The ill effects of the abnormal amounts of manganese in the product are projected to challenge the chondroitin sulfate market in the forecast period of 2021-2028.
This chondroitin sulfate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on chondroitin sulfate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Chondroitin Sulfate Market Scope and Market Size
The chondroitin sulfate market is segmented on the basis of source, form, end use and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of source, the chondroitin sulfate market is segmented into bovine, porcine, poultry, fish, sharks, crocodiles and others.
- On the basis of form, the chondroitin sulfate market is segmented into powder, tablets and capsules.
- On the basis of end use, the chondroitin sulfate market is segmented into cosmetics & personal care, pharmaceuticals and nutraceuticals, aqua feed, and pet food and veterinary supplements.
- On the basis of distribution channel, the chondroitin sulfate market is segmented into drug stores and pharmacies, e-commerce channels, and other sales channels.
Chondroitin Sulfate Market Country Level Analysis
The chondroitin sulfate market is segmented on the basis of source, form, end use and distribution channel.
The countries covered in the global chondroitin sulfate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the chondroitin sulfate market due to the increase in pharmaceutical industry in the U.S. coupled with FDA approval for using sodium chondroitin sulfate-infused products within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the high prevalence of osteoarthritis and rising consumer awareness regarding dietary supplement in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chondroitin Sulfate Market Share Analysis
The chondroitin sulfate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to chondroitin sulfate market.
The major players covered in the chondroitin sulfate market report are TSI Group LTD, Solabia Group, Acerchem, SEIKAGAKU CORPORATION, Jiaxing Hengjie Biopharmaceutical Co., Ltd., Aoxing Biotechnology Intl Co., Limited, Stanford Chemicals, SHANGHAI JBICHEM INTERNATIONAL TRADING CO.,LTD., Sioux Pharm, Inc., Pacific Rainbow International, Inc., Synutra, ZERIA Pharmaceutical Co., Ltd., Summit Nutritionals International, Inc., Yantai Ruikangda Biochemical Products Co., Ltd, Bioiberica S.A.U., Dextra Laboratories, Hebei Sanxin Industry Group Co., Ltd., Copalis Sea Solutions, Sino Siam Biotechnique Co., Ltd., and Iduron, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.