According to TechSci Research report, “Chondroitin Sulfate Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Chondroitin Sulfate Market stood at USD 1.04 billion in 2022 and is anticipated to grow with a CAGR of 3.37% in the forecast period, 2023-2028. The initiatives taken by the government based on chondroitin sulfate have led to favorable market conditions for the Global Chondroitin Sulfate Market. Several factors contribute to the growth of various chondroitin sulfate market products.
Several government health agencies, including the National Center for Complementary and Integrative Health (NCCIH) and the Mayo Clinic, have recognized the efficacy of chondroitin sulfate in managing osteoarthritis. The NCCIH has even published a comprehensive fact sheet that highlights the safety and effectiveness of chondroitin sulfate specifically for osteoarthritis.
Furthermore, the Mayo Clinic acknowledges the growing body of evidence that supports the use of glucosamine sulfate, either alone or in combination with chondroitin sulfate, for the treatment of knee osteoarthritis. These findings provide valuable insights into the potential benefits of these supplements in improving joint health and managing the symptoms of osteoarthritis.
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Chondroitin sulfate, an essential bio-supplement in the animal feed industry, plays a crucial role in helping animals avoid and treat conditions such as arthritis and hip dysplasia. In addition to these benefits, it offers a range of other health advantages. Veterinary supplements and animal feed widely incorporate Chondroitin sulfate due to its positive impact on overall animal health. By promoting better joint mobility and functioning, Chondroitin sulfate helps keep pets active and healthy.
For instance, Zeria Group (ZPD) offers a variety of concentrations, including different grades containing 20%, 40%, and 80% chondroitin sulfate, tailored to meet the specific requirements of pet food manufacturers in the industry. With its numerous applications and proven effectiveness, Chondroitin sulfate continues to be a valuable component in promoting the well-being of animals.
The Global Chondroitin Sulfate Market is segmented into source, application, regional distribution, and company.
Based on its source, the synthetic segment held the largest share of the market. Synthetic sodium chondroitin sulfate is produced through a meticulous two-stage fermentation-based technique. This advanced process ensures that no animal cartilage is utilized, minimizing the risk of contamination and adulteration. Moreover, the simplicity of the extraction process contributes to low sourcing costs, making it an economically viable option. By leveraging this innovative approach, the production of high-quality synthetic sodium chondroitin sulfate is achieved, meeting the demands of various industries.
Based on region, the North American segment is expected to grow during the forecast period.
The rising pharmaceutical sector in the United States, coupled with the FDA’s approval for the use of products containing sodium chondroitin sulfate, has contributed to the growth of this industry. Furthermore, the demand for chondroitin sulfate is expected to be fueled by various factors. These include the increasing prevalence of osteoarthritis, the rising usage of cholesterol treatment, cataract surgery, and the formulation of eye drops. It is worth noting that chondroitin sulfate finds applications not only in the pharmaceutical industry but also in the cosmetics, culinary, pet food, and veterinary industries within Europe. In the field of dietary supplements, chondroitin sulfate is considered an alternative therapy for the treatment of osteoarthritis.
Major companies operating in the Global Chondroitin Sulfate Market are:
- TSI Group Ltd.
- Qingdao Wan Toulmin Biological Products Co., Ltd
- Hebei Sanxin Steel Structure Co Ltd
- Bioiberica S.A.U.
- Sigma-Aldrich, Inc.
- Sino Siam Biotechnique Company Limited
- Bio-gen Extracts Private Limited
- Zpd A/S
- SEIKAGAKU CORPORATION
- BRF SA
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“Growing application of chondroitin sulfate in various end-user industries are key drivers of the chondroitin sulfate market. Growth in the competitive landscape and the presence of well-established companies in the market who are dedicated to enhancing their productivity of chondroitin sulfate with every passing year are anticipated to register impressive growth in the Global Chondroitin Sulfate Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Global Chondroitin Sulfate Market By Source (Bovine, Poultry, Synthetic, Swine, Shark), By Application (Nutraceuticals, Personal Care & Cosmetics, Animal Feed, Pharmaceuticals, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Chondroitin Sulfate Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Chondroitin Sulfate Market.
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Table of Content-Chondroitin Sulfate Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Applications
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Impact of COVID-19 on Global Chondroitin Sulfate Market
- Global Chondroitin Sulfate Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source (Bovine, Poultry, Synthetic, Swine, Shark)
5.2.2. By Application (Nutraceuticals, Personal Care & Cosmetics, Animal Feed, Pharmaceuticals, Others)
5.2.3. By Region
5.2.4. By Company (2022)
5.3. Market Map
- Asia Pacific Chondroitin Sulfate Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Source
6.2.2. By Application
6.2.3. By Country
6.3. Asia Pacific: Country Analysis
6.3.1. China Chondroitin Sulfate Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Source
6.3.1.2.2. By Application
6.3.2. India Chondroitin Sulfate Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Source
6.3.2.2.2. By Application
6.3.3. Australia Chondroitin Sulfate Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Source
6.3.3.2.2. By Application
6.3.4. Japan Chondroitin Sulfate Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Source
6.3.4.2.2. By Application
6.3.5. South Korea Chondroitin Sulfate Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Source
6.3.5.2.2. By Application