The Chondroitin Sulfate Global Market Report 2023, provides comprehensive information on the chondroitin sulfate market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global chondroitin sulfate market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Product innovations are a key trend gaining popularity in the chondroitin sulfate market. Major companies operating in the chondroitin sulfate market are creating new products to sustain their position in the market. For instance, in July 2022, Infinitus, a China-based herbal health products, and services company launched a new series of Li Mai Jian supplements with the theme being “Making Bones Stronger for Joint Health.” They are scientifically formulated with coix seeds and lobed kudzu vine root for additional care for joints.
The chondroitin sulfate market is segmented:
1) By Type: Capsule Form, Tablet Form, Powder Form
2) By Source: Bovine, Swine, Poultry, Shark, Synthetic
3) By End Users: Pet Food And Veterinary Supplements, Pharmaceutical And Biotech Companies, Cosmetics And Personal Care
Top Major Players:
Seikagaku Corporation
Synutra Ingredients
Yantai Ruikangda Biochemical Products Co.ltd
TSI Group Ltd
Sioux Pharm
North America was the largest region in the chondroitin sulfate market in 2022.
The table of contents in TBRC’s chondroitin sulfate market report includes:
1. Executive Summary
2. Chondroitin Sulfate Market Characteristics
3. Chondroitin Sulfate Market Trends And Strategies
4. Chondroitin Sulfate Market – Macro Economic Scenario
5. Chondroitin Sulfate Market Size And Growth
…………………………………………………..
26. Africa Chondroitin Sulfate Market
27. Chondroitin Sulfate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chondroitin Sulfate Market
29. Chondroitin Sulfate Market Future Outlook and Potential Analysis
30. Appendix
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