Chemicals

Chondroitin Sulfate Market Global Analysis Report 2024

The Chondroitin Sulfate by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Chondroitin Sulfate Market:

https://www.thebusinessresearchcompany.com/report/chondroitin-sulfate-global-market-report

According to The Business Research Company’s Chondroitin Sulfate, The chondroitin sulfate market size has grown steadily in recent years. It will grow from $1.38 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%.  The  growth in the historic period can be attributed to growing aging population and joint health awareness, prevalence of osteoarthritis and joint disorders, expansion of dietary supplement industry, consumer interest in natural and nutraceutical products, rise in sports and fitness activities..

The chondroitin sulfate market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.  The growth in the forecast period can be attributed to expanding applications in veterinary medicine, research advances and clinical validation, global rise in lifestyle-related joint issues, incorporation in functional foods and beverages, strategic marketing and health campaigns.. Major trends in the forecast period include focus on sustainable sourcing, advancements in extraction and production technologies, growth in pet nutraceuticals, awareness of joint health benefits, global market expansion..

The growing incidences of osteoarthritis are expected to propel the growth of the chondroitin sulfate market going forward. Osteoarthritis is a widespread type of arthritis that affects millions of people globally, it occurs when the protective cartilage that cushions bone ends gradually deteriorates. Chondroitin sulfate is effective in treating osteoarthritis by providing resistance to compression, maintaining structural integrity, promoting homeostasis, slowing down the degenerative process, and alleviating muscular pain. Hence, the growing incidences of osteoarthritis will increase the demand for chondroitin sulfate market. For instance, In May 2022, according to statistics published by Amgen, a US-based biotechnology company, states that every year, osteoporosis causes roughly 1.5 million fractures in the United States, resulting in $19 billion in associated costs. Furthermore, the annual number of fractures caused by osteoporosis is expected to rise by 68% by 2040, i.e., 3.2 million. Therefore, growing incidences of osteoarthritis are expected to grow the chondroitin sulfate market going forward.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=9787&type=smp

The chondroitin sulfate market covered in this report 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

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 report table of contents includes:

 

  1. Executive Summary
  2. Chondroitin Sulfate Market Characteristics
  3. Chondroitin Sulfate Market Trends And Strategies
  4. Chondroitin Sulfate Market – Macro Economic Scenario
  5. Global Chondroitin Sulfate Market Size and Growth

.

.

.

  1. Global Chondroitin Sulfate Market Competitive Benchmarking
  2. Global Chondroitin Sulfate Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Chondroitin Sulfate Market
  4. Chondroitin Sulfate Market Future Outlook and Potential Analysis
  5. Appendix

Top Major Players:

  • Seikagaku Corporation
  • Synutra Ingredients
  • TSI Group Ltd.
  • Sioux Pharm
  • Summit Nutritionals International Inc

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ  

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model  

Good PR News

Recent Posts

Automotive Data Logger Market 2024: Emerging Technologies and Growth Forecast

The automotive data logger global market report 2024 from The Business Research Company provides comprehensive…

6 hours ago

Workflow Automation And Optimization Software Market Trends and Forecast Report 2024-2033 | By Types, Applications, Regions And Players

The workflow automation and optimization software global market report 2024 from The Business Research Company…

6 hours ago

Temperature Monitoring Systems Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The temperature monitoring systems global market report 2024 from The Business Research Company provides comprehensive…

6 hours ago

Airport QSR Market 2024: Innovations, Strategies, and Future Opportunities

The airport quick service restaurant global market report 2024 from The Business Research Company provides…

6 hours ago

Simulation Learning Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

The simulation learning global market report 2024 from The Business Research Company provides comprehensive market…

6 hours ago

Professional Mobile Radio (PMR)  Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033

The professional mobile radio (pmr) global market report 2024 from The Business Research Company provides…

6 hours ago