Chondroitin Sulfate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-4580 | Report Format : | Status : Upcoming |

Abstract

Global Chondroitin Sulfate Market: Overview

The cartilage around the joints has chondroitin sulfate. Major sources of chondroitin sulfate are animals, such as cow, shark, and others. Chondroitin sulfate used in combination with ingredients,  such as manganese ascorbate, glucosamine hydrochloride, and others treats osteoarthritis. Many of the uses of chondroitin sulfate are approved by the FDA.

Global Chondroitin Sulfate Market: Growth Factors

There are several factors propelling the growth of the chondroitin sulfate market; the major one being its increased application in several end-use industries. Chondroitin sulfate is extensively used in medicines for the treatment of inflammation and joint pain. Eye drops used for curing dry eyes consists of chondroitin sulfate; furthermore, it is also used in the solution which is used for preserving cornea in cataract surgery. Chondroitin sulfate is used for the treatment of osteoporosis owing to its ability to slow down the cartilages tearing. Annually, osteoporosis accounts for a major number of fractures worldwide, thus increasing demand for the product. Booming pharmaceutical and personal care industries will contribute to the growth of chondroitin sulfate market. Chondroitin sulfate is used in creams, lotions, and other cosmetic products owing to its beneficial properties, such as anti-inflammatory and ability to soothe and moisturize skin. Pet foods include food supplements such as chondroitin sulfate for improving the cartilage functioning and joint lubrication, thus increasing one of its applications in the pet food industry. The fact that chondroitin sulfate is obtained from animal source may affect its demand among a certain population.

 Global Chondroitin Sulfate Market: Segmentation

Broadly, the chondroitin sulfate market is segmented by its sources and end-use. Further categorization of the sources segment includes poultry, shark and fish, bovine, porcine, and others. By the end-use, the chondroitin sulfate market is segregated into pet food and veterinary supplements, cosmetics and personal care, pharmaceutical, and others.

Global Chondroitin Sulfate Market: Regional Analysis

Majority of the market shares of chondroitin sulfate is anticipated to be held by the North American region. Canada and the U.S. are the major countries contributing to the North American chondroitin sulfate market. Factors that support the growth of the market are the surpassing pet food industry and the growing trend of pet adoption among the population. The European chondroitin sulfate market is expected to be led by France, Germany, and the UK owing to the growing inclination toward personal care products. The personal care products business registered exponential growth in recent years. Increased application of chondroitin sulfate as anti-inflammatory and soothing agent in cosmetic products has aggravated the chondroitin sulfate market in Europe. An increased growth rate is foreseen in the Asia Pacific region. Growing occurrences of orthopedic diseases among the Asian population owing to sedentary lifestyle prompts the growth of the market.

Global Chondroitin Sulfate Market: Competitive Players

Major industry players in the chondroitin sulfate market are Shandong Runxin Biotechnology, TSI Group, Synutra Ingredients, Yantai Ruikangda Biochemical Products,  S.A.U. Seikagaku Corporation, Qingdao WanTuMing Biological Products, Sioux Pharm, Pacific Rainbow International, ZPD, Summit Nutritionals International, and  Bioiberica, among others.

Global Chondroitin Sulfate Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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