Chondroitin Sulfate Market Size, Share, Growth Report 2030

Chondroitin Sulfate Market

Chondroitin Sulfate Market By Sources (poultry, shark and fish, bovine, porcine, and others), By End-Use (pet food and veterinary supplements, cosmetics and personal care, pharmaceutical, and others) And By Region: - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2023-2030

Category: Pharmaceutical Report Format : PDF Report Code: ZMR-4580 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 Growth Rate (in %) Base Year
USD 1236.94 million USD 1646.05 million CAGR at 3.64% 2022

Description

According to the report published by Zion Market Research, the global Chondroitin Sulfate market size was valued at USD 1236.94 million in 2022 and is predicted to reach USD 1646.05 million by the end of 2030. The market is expected to grow with a CAGR of 3.64% during the forecast period. The report analyzes the global Chondroitin Sulfate market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Chondroitin Sulfate industry.

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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.

Chondroitin Sulfate Market: Report Scope

Report Attributes Report Details
Report Name Chondroitin Sulfate Market Research Report
Market Size in 2022 USD 1236.94 Million
Market Forecast in 2030 USD 1646.05 Million
Growth Rate CAGR of 3.64%
Number of Pages 186
Key Companies Covered 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
Segments Covered By Sources, End-Use, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Chondroitin Sulfate Market: Competitive Players

The global Chondroitin Sulfate Market is led by players like

  • 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
  • Bioiberica

The global Chondroitin Sulfate Market is segmented as follows:

By Sources 

  • poultry 
  • shark and fish
  • bovine 
  • porcine 
  • and others 

By End-Use 

  • pet food and veterinary supplements
  • cosmetics and personal care
  • pharmaceutical
  • and 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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