Global Chondroitin Sulfate Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Chondroitin Sulfate Market” is an upcoming market research report title by MarketResearch.biz, which is in the process of detailed study and analysis, and preparation. Various trends, restraints, growth opportunities, drivers, revenue details, and threats are explained in detail in the report.  The report also offers insightful and detailed profiles of the key players in the global market.  The global chondroitin sulfate market research report has been segmented and sub-segmented on the basis of source, application, and regions and countries.

Request Covid - 19 Impact

Overview

Chondroitin sulfate is ideally procured from animal sources, including cow and shark cartilage. Chondroitin sulfate is often used in combination with other ingredients such as glucosamine sulfate, glucosamine hydrochloride, or N-acetyl glucosamine, and manganese ascorbate. Chondroitin sulfate is also known as sulfated glycosaminoglycan (GAG), and is produced using N-acetylgalactosamine and glucuronic acid. Chondroitin sulfate is considered an alternative medicine to improve joint function. Commercial chondroitin sulfate is a mixture of chondroitin sulfate and glucosamine. Apart from improving joint functions, chondroitin sulfate is used in eye drops and is used to cure sore eyes. Connective tissue and cartilage and joints of humans contain chondroitin sulfate. Chondroitin sulfate is generally used in combination with different ingredients such as glucosamine hydrochloride and manganese ascorbate, to treat osteoarthritis. FDA has approved chondroitin sulfate for a variety of uses.

Dynamics

One of the major factors driving growth of the global chondroitin sulfate market is rising demand for nutraceutical products. Chondroitin sulfate is used to treat cataract, osteoarthritis, and urinary tract infections. Growing prevalence of these conditions is projected to drive demand for chondroitin sulfate. Chondroitin sulfate is also used as an ingredient is medicines to enhance liver function, improve digestive function, inhibit tumor metastasis, and lower blood sugar. Sodium chondroitin sulfate is widely used in food products and dietary supplements as additives, thickeners, preservatives, and foaming agents. Owing to its ability to treat arthritis and joint pain, it is also widely used in animal feed. Increasing R&D activities in developed economies to reduce operational costs and improve quality is projected to support demand for chondroitin sulfate.

Global Chondroitin Sulfate Market Segment Analysis:

By Source: Among the source segments, the bovine segment is projected to account for highest revenue share in the global market, and is projected to continue its dominance over the forecast period. This growth is attributed to its wide usage in various applications such as pharmaceuticals, nutraceuticals, and animal feed.

By Product: The pharmaceutical segment has been gaining more traction among the application segments as compared to other segments, owing to its wide use in treatments of various diseases – including osteoarthritis – and in production of medicines to enhance liver function, lower blood sugar, and improve digestive function.

Global Chondroitin Sulfate Market Regional Analysis:

The market in North America is expected to account for highest revenue share in the global chondroitin sulfate market over the forecast period. This can be attributed to expansion of the pharmaceutical industry in the US and approval for a wide range of uses by the FDA. Increasing use in cataract surgery, to treat cholesterol, and in eye drop formulations is expected to continue to drive demand for chondroitin sulfate in countries in the region.

Asia Pacific is projected to register the fastest revenue growth rate, and this is attributed to increasing prevalence of osteoarthritis and growing consumer awareness about benefits of consuming dietary supplements.

Global Chondroitin Sulfate Market Segmentation: 

By Source:

• Bovine
  • Nutraceuticals
  • Pharmaceuticals
  • Animal Feed
  • Personal Care & Cosmetics
  • Others
• Swine
  • Nutraceuticals
  • Pharmaceuticals
  • Animal Feed
  • Personal Care & Cosmetics
  • Others
• Poultry
  • Nutraceuticals
  • Pharmaceuticals
  • Animal Feed
  • Personal Care & Cosmetics
  • Others
• Shark
  • Nutraceuticals
  • Pharmaceuticals
  • Animal Feed
  • Personal Care & Cosmetics
  • Others
• Synthetic
  • Nutraceuticals
  • Pharmaceuticals
  • Animal Feed
  • Personal Care & Cosmetics
  • Others

By Application:

• Pharmaceuticals
• Cosmetics
• Veterinary Use
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa