Materials & Chemicals / Chondroitin Sulfate Market- In-depth Analysis 2022, Future Scope And Outlook 2027 By Types, By Application, By Regions And By Key Players- Bioiberica S.A.U., BRF S.A., HeBei SanXin Industrial Group, Maypro Industries Inc
Chondroitin Sulfate Market- In-depth Analysis 2022, Future Scope and Outlook 2027 By Types, By Application, By Regions and By Key Players- Bioiberica S.A.U., BRF S.A., HeBei SanXin Industrial Group, Maypro Industries Inc
Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Chondroitin Sulfate Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.9% during the review period (2022 to 2027).
Chondroitin Sulfate Market Overview
Chondroitin sulphate market is expected to witness significant growth during the forecast period owing to rising geriatric population. Chondroitin sulphate has been used in numerous product formulations for joint & muscle soreness and pain relief purposes. Chondroitin sulfate is a naturally occurring compound found in cartilage and shark liver. It is used as a dietary supplement to promote joint health, treat osteoarthritis, and reduce knee pain. Chondroitin sulfate is a component of skin, cartilage, tendons and blood vessels. It helps maintain the structure of connective tissues and acts as a lubricant for joints.
Chondroitin sulfate is a non-sulfated glycosaminoglycan (GAG) consisting of a chain of alternating N-acetylgalactosamine and glucuronic acid. Chondroitin is used by the body to form cartilage, and in other connective tissues where it provides support.
Who are the Prime Players in Chondroitin Sulfate Market?
The Chondroitin Sulfate Market includes identification and analysis of the various market participants competing in the global market. Prime competitors include Bioiberica S.A.U., BRF S.A., HeBei SanXin Industrial Group, Maypro Industries Inc., Merck KGaA, Pacific Rainbow International Inc., Qingdao Wantuming Biological Products Co. Ltd., Seikagaku Corporation, Sino Siam Biotechnique Company Limited, Sioux Pharm Inc., Synutra International Inc. and ZPD A/S
Industry News and Updates:
Mar 22, 2022 :NZMP Announces Agreement with Maypro to Supply HN001™ & HN019™ Probiotics To Extensive Customer Network
NZMP, the ingredient-solutions brand by global dairy company Fonterra, and Maypro, one of the largest global suppliers of nutraceutical ingredients and fine chemicals, have entered into an agreement in which Maypro will be an authorized reseller of NZMP's BifidoB HN019™ and LactoB HN001™ probiotic strains in North America, as well as new strains in development.
What are the major Applications, Types and Regions for Chondroitin Sulfate Market?
Market is segmented based on the type, applications, companies and regions.
By Source, it is segmented into
Swine
Shark
Bovine
Synthetic
Others
By Application, it is segmented into
Pharmaceuticals
Cosmetics
Veterinary
Chondroitin Sulfate Market Regional Analysis
North America dominated the market and accounted for over 35.0% share of global revenue in 2020. The growth in the region can be attributed to the booming pharmaceutical industry in the U.S. coupled with FDA approval for using sodium chondroitin sulfate-infused products. Factors such as the high prevalence of osteoarthritis and increased use in treating cholesterol, cataract surgery, and eye drop formulations are anticipated to drive the demand.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Chondroitin Sulfate Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Chondroitin Sulfate Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Chondroitin Sulfate Market scope?
Report Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 4.9% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Growth Drive –
Chondroitin sulfate is a major component of knee cartilage. It works with glucosamine to promote the growth and regeneration of joint cartilage, and may improve joint health in adults
The analytical depiction of the global chondroitin sulfate industry along with the current trends and future estimations to determine the imminent investment pockets.
Chondroitin sulfate is a component of the extracellular matrix of articular cartilage, which plays an important role in the repair and maintenance of joint tissue.
Frequently Asked Question
What is the study period of this market?
The Chondroitin Sulfate Market is studied from 2022-2027.
Who are the prime players in the Chondroitin Sulfate Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
