Chondroitin Sulphate Market Overview
Increasing demand for nutraceutical product along with the prevalence of osteoarthritis is anticipated to drive the market growth over the forecast period. it's used principally for treating osteoarthritis, cataracts, and tract infections in the pharmaceutical grade, that is anticipated to drive the general demand for the merchandise over the forecast period. it's additionally employed in the form of medicines to boost digestive function, enhance liver operate, lower blood sugar, and inhibit tumour metastasis. The growing quality for its use within the treatment of osteoarthritis and for many different treatments is anticipated to learn the general market growth
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | TSI Group Ltd.,Qingdao Wan toulmin Biological Products Co. Ltd, BRF, HeBei SanXin Industrial Group,Bioiberica S.A.U., Sigma-Aldrich, Inc., Sino Siam Biotechnique Company Limited, Bio-gen Extracts Private Limited, ZPD, SEIKAGAKU CORPORATION. |
The covid-19 Impact on Chondroitin Sulphate Market:
Whereas, the chemicals and accouterments sectors were relatively affected during the pandemic. This is primarily due to uncut demand for chemicals for healthcare, life wisdom, and drawing agents. However, other elements of chemical and material sectors such as types of paints, industrial oil, construction materials are facing reduction in demand. Strict lockdown reflected in a nearly 50-60% reduction in force for raw supply and availability, which directly affected the manufacturing process. Further, halt on numerous end-use diligence directly affected the chemical demand each around the world.
Chondroitin Sulphate market Segment Overview
By source, the market size of the bovine-sourced chondroitin sulfate is expected to grow at a notable pace driven by rising adoption in nutraceuticals, and pharmaceuticals. Large-scale production and also the limitations of shark cartilage supplements can in addition contribute to the segmental growth.
By Application, the demand for chondroitin sulphate across the animal feed sector can witness lucrative growth attributable to optimum incursion in pet food and veterinary supplements. Given its higher water retention and adequate shock absorption at the side of considerable nourishment to tissues, the product is extensively used as a bioactive supplement. It additionally promotes increased activity and increased joint mobility in pets. The rising prevalence of arthritis and degenerative joint diseases in animals also will promulgate the chondroitin sulphate market share.
Market Analysis, Insights and Forecast – By Source
· Bovine,
· Poultry,
· Porcine,
· Shark and fish,
· Others.
Market Analysis, Insights and Forecast – By Application
· Cosmetics & Personal Care
· Pharmaceuticals and Nutraceuticals
· Aqua Feed
· Pet Food and Veterinary Supplements
Chondroitin Sulphate Market Regional Overview
Region-wise, in terms of regions ,North America is expected to hold a major share in the chondroitin sulfate market from 2021 to 2027,Owing to the rising developments in the pharmaceutical sector. The increasing R&D activities has given a broad way for numerous technological progressions and innovations. there's also a surge within the instances of osteoarthritis in the region. The booming government support including the rising count of USFDA approvals and therefore the in progress advancements within the health care infrastructure can any augment the regional because of enlargement.
Europe can see higher penetration of chondroitin salt on account of the flourishing economic process and therefore the in depth usage of anti-aging and personal care product. Rising shopper health awareness is another key determinant for the market growth.
Chondroitin Sulphate Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Chondroitin Sulphate Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Chondroitin Sulphate are highlighted below.
· In 2023, Reig Jofre, acquired Bioiberica’s portfolio constituting specialised pharmaceutical products and nutraceuticals that are additionally treat arthrosis. the corporate additionally expanded its product portfolio of chondroitin sulfate-based medicines and health products.
Chondroitin Sulphate Market, Key Players -
· TSI Group Ltd.,
· Qingdao Wan toulmin Biological Products Co. Ltd,
· BRF,
· HeBei SanXin Industrial Group,
· Bioiberica S.A.U.,
· Sigma-Aldrich, Inc.,
· Sino Siam Biotechnique Company Limited,
· Bio-gen Extracts Private Limited,
· ZPD,
· SEIKAGAKU CORPORATION.
Q1. What is the total CAGR expected to be recorded for the Chondroitin Sulphate Market during the forecast period?
Chondroitin Sulphate market is expected to record a CAGR of ~ 3.4% during the forecast period
Q2. Which segment is projected to hold the largest share in the Chondroitin Sulphate Market?
Pet Food and Veterinary Supplements segment is projected to hold the largest share in the Chondroitin Sulphate Market.
Q3. What are the driving factors for the Chondroitin Sulphate Market?
Increasing demand for nutraceutical product along with the prevalence of osteoarthritis , these are main factors driving the growth of automotive lighting market
Q4. Which Segments are covered in the Chondroitin Sulphate Market report?
Source , Application and Region, these segments are covered in the Chondroitin Sulphate Market report
Q5. Which are the prominent players offering Chondroitin Sulphate Market?
TSI Group Ltd.,Qingdao Wan toulmin Biological Products Co. Ltd,BRF,HeBei SanXin Industrial Group,Bioiberica S.A.U.,Sigma-Aldrich, Inc.,Sino Siam Biotechnique Company Limited,Bio-gen Extracts Private Limited,ZPD,SEIKAGAKU CORPORATION.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
