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Global Chondroitin Sulfate Market Share, Growth, Research: By Source: Swine, Bovine, Shark, Poultry, Others; By Form: Powder, Tablet, Others; By Application: Pharmaceuticals and Nutraceuticals, Personal Care and Cosmetics, Animal Feed, Others; Regional Analysis; Competitive Landscape: Industry Events and Developments; 2023-2028

Global Chondroitin Sulfate Market Outlook

The global chondroitin sulfate market size stood at a value of around USD 1.22 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 3.20% to reach USD 1.47 billion by 2027.

 

Bovine Accounts for a Significant Share in the Global Chondroitin Sulfate Industry

Chondroitin sulfate obtained from bovine performs an important role as a flexible connecting matrix between tough filaments of protein in a cartilage to make a polymeric system. In addition to this, chondroitin sulfate by bovine prevents the cartilage from getting degraded by enzymes and free radicals by maintaining an osmotic pressure through absorption of water. Moreover, it adds elasticity and flexibility to the bones. Over the forecast period, the increasing application of bovine chondroitin sulfate in animal feed and pharmaceutical industry is anticipated to propel the segment’s growth.

 

North America Occupies a Sizable Segment in the Market for Chondroitin Sulfate

The market in the North America region is being driven by the growing expansion of the major pharmaceutical and nutraceutical companies in developed countries such as the United States. Moreover, the robust product launches and policies of the government favouring the expansion of pharma sector are likely to provide lucrative opportunities to the market in the coming years.

 

In the forecast period, the rising prevalence of obesity owing to the growing consumption of fast food in the North America region is anticipated to increase the risk of osteoarthritis. This factor is likely to propel the demand for chondroitin sulfate at a regional level. Furthermore, the chondroitin sulfate market is likely to be aided by the growing demand for personal care and cometic products which will in turn drive the demand for chondroitin sulfate.

 

Market Segmentation

Chondroitin sulfate refers to a chemical which is found in the cartilage of humans and animals. Chondroitin sulfate slows the breakdown of joints in diseases such as osteoarthritis. It is also taken as a medicine to support the digestion of body and enhance the function of liver.

 

Based on source, the market can be segmented into:

  • Swine
  • Bovine
  • Shark
  • Poultry
  • Others

 

By form, the market has been divided into:

  • Powder
  • Tablet
  • Others

 

The significant applications of the product include:

  • Pharmaceuticals and Nutraceuticals
  • Personal Care and Cosmetics
  • Animal Feed
  • Others

 

The regional markets include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Prevalence of Osteoarthritis to Boost the Growth of the Chondroitin Sulfate Industry

Chondroitin sulfate reverses the degenerative process of osteoarthritis and reduces the pain and discomfort of patients. In this regard, the increasing prevalence of osteoarthritis, coupled with the growing geriatric population is driving the market growth. Chondroitin sulfate is free of side-effects and experts and researchers are investing in scientific studies aimed towards proving the safety and efficacy of the product. Over the forecast period, an anticipated increase in the sales of chondroitin sulfate as a prescription drug and OTC dietary supplement for the treatment of chronic diseases is anticipated to propel the market growth.

 

The rapid increase in clinical trials aimed towards exploring the potential of chondroitin sulfate are likely to boost the chondroitin sulfate market growth. In the emerging economies, sedentary lifestyles led by the working-class population are also leading to a heightened consumption of chondroitin sulfate to bolster the strength of joints and sensitive areas of body. This factor is likely to garner the application of chondroitin sulfate as a dietary supplement in the nutraceutical industry.

 

The increasing application of the compound in eye drops for the treatment of red eye and increasing demand for cornea preservation during the cataract surgery are also driving market demand. Another factor increasing the market demand is the growing use of chondroitin sulfate as an oral dose for heart attack.

 

Key Players in the Global Chondroitin Sulfate Market

The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • BIOIBERICA S.A.U.
  • BRF S.A.
  • Synutra, Inc.
  • Sino Siam Biotechnique Company Limited
  • Seikagaku Corporation
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Form
  • Application
  • Region
Breakup by Source
  • Swine
  • Bovine
  • Shark
  • Poultry
  • Others
Breakup by Form
  • Powder
  • Tablet
  • Others
Breakup by Application
  • Pharmaceuticals and Nutraceuticals
  • Personal Care and Cosmetics
  • Animal Feed
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BIOIBERICA S.A.U.
  • BRF S.A.
  • Synutra, Inc.
  • Sino Siam Biotechnique Company Limited
  • Seikagaku Corporation
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Application
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Chondroitin Sulfate Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Chondroitin Sulfate Historical Market (2018-2022) 
    8.3    Global Chondroitin Sulfate Market Forecast (2023-2028)
    8.4    Global Chondroitin Sulfate Market by Source
        8.4.1    Swine
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Bovine
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Shark
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Poultry
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    Global Chondroitin Sulfate Market by Form
        8.5.1    Powder
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Tablet
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Chondroitin Sulfate Market by Application
        8.6.1    Pharmaceuticals and Nutraceuticals
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Personal Care and Cosmetics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Animal Feed
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Chondroitin Sulfate Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Chondroitin Sulfate Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Chondroitin Sulfate Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Chondroitin Sulfate Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Chondroitin Sulfate Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Chondroitin Sulfate Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    BIOIBERICA S.A.U.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    BRF S.A.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Synutra, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Sino Siam Biotechnique Company Limited
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Seikagaku Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Chondroitin Sulfate Market: Key Industry Highlights, 2018 and 2028
2.    Global Chondroitin Sulfate Historical Market: Breakup by Source (USD Million), 2018-2022
3.    Global Chondroitin Sulfate Market Forecast: Breakup by Source (USD Million), 2023-2028
4.    Global Chondroitin Sulfate Historical Market: Breakup by Form (USD Million), 2018-2022
5.    Global Chondroitin Sulfate Market Forecast: Breakup by Form (USD Million), 2023-2028
6.    Global Chondroitin Sulfate Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Chondroitin Sulfate Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global Chondroitin Sulfate Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Chondroitin Sulfate Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Chondroitin Sulfate Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Chondroitin Sulfate Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Chondroitin Sulfate Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Chondroitin Sulfate Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Chondroitin Sulfate Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Chondroitin Sulfate Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Chondroitin Sulfate Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Chondroitin Sulfate Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Chondroitin Sulfate Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Chondroitin Sulfate Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Chondroitin Sulfate Market Structure

Key Questions Answered in the Report

In 2021, the global market attained an approximate value of nearly USD 1.22 billion.

The market for chondroitin sulfate is estimated to grow at a steady CAGR of 3.20% between 2023 and 2028.

In the forecast period of 2023-2028, the market is expected to witness healthy growth to reach USD 1.47 billion by 2027.

The major regions in the industry examined in-depth in the EMR report are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the increasing application of the compound in the pharmaceutical and nutraceutical industry, rising prevalence of osteoarthritis, and growing geriatric population.

The growing research and development activities by researchers to prove the efficacy and safety of the compound are likely to be the key trends in the market.

Swine, bovine, shark, and poultry, among others are the are the different sources based on which the market has been divided.

Powder, and tablet, among others is the market segmentation based on form.

Pharmaceuticals and nutraceuticals, personal care and cosmetics, animal feed, and others, are the significant applications of the product.

The major players in the industry are BIOIBERICA S.A.U., BRF S.A, Synutra, Inc., Sino Siam Biotechnique Company Limited, and Seikagaku Corporation, among others.

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