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Chondroitin Sulfate Market

Global Chondroitin Sulfate Market Share, Size, Growth, Research, Forecast: By Product: Food Grade, Pharmaceutical Grade; By Source: Bovine, Porcine, Poultry, Fish, Sharks, Crocodiles, Others; By Form: Powder, Tablets, Capsules; By Application: Pharmaceutical and Nutraceutical, Others; Regional Analysis; Supplier Landscape: 2024-2032

Global Chondroitin Sulfate Market Outlook

The global Chondroitin Sulfate market size attained a value of USD 1.30 billion in 2023, driven by increasing prevalence of osteoarthritis. The market is anticipated to grow at a CAGR of 3.6% during the forecast period of 2024-2032 to attain a value of USD 1.78 billion by 2032.

 

chondroitin-sulfate-market

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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 cosmetic 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.

 

chondroitin-sulfate-market-by-segmentation

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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.

 

chondroitin-sulfate-market-by-region

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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 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

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

  • Product
  • Source
  • Form
  • Application
  • Distribution Channel
  • Region
Breakup by Product
  • Food Grade
  • Pharmaceutical Grade
Breakup by Source
  • Bovine
  • Porcine
  • Poultry
  • Fish
  • Sharks
  • Crocodiles
  • Others
Breakup by Form
  • Powder
  • Tablets
  • Capsules
Breakup by Application
  • Pharmaceutical and Nutraceutical
  • Personal Care and Cosmetics
  • Animal Feed
  • Others
Breakup by Distribution Channel
  • Drug stores and Pharmacies
  • E-commerce Channels
  • Other Sales Channel
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • BIOIBERICA S.A.U.
  • BRF S.A.
  • Synutra, Inc.
  • Sino Siam Biotechnique Company Limited
  • Seikagaku Corporation
  • Solabia Group
  • Stanford Chemicals
  • Summit Nutritionals International
  • William Reed Ltd
  • Yantai Ruikangda Biochemical Products Co., Ltd
  • Qingdao Wantuming Biological Products Co., Ltd.
  • Sioux Pharm, Inc.

 

*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
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Chondroitin Sulfate Market Overview 

    3.1    Global Chondroitin Sulfate Market Historical Value (2017-2023) 
    3.2    Global Chondroitin Sulfate Market Forecast Value (2024-2032)
4    Global Chondroitin Sulfate Market Landscape
    4.1    Global Chondroitin Sulfate Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Chondroitin Sulfate Product Landscape
        4.2.1    Analysis by Product
        4.2.2    Analysis by Source
        4.2.3    Analysis by Form
        4.2.4    Analysis by Application
        4.2.5    Analysis by Distribution Channel
5    Global Chondroitin Sulfate Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Chondroitin Sulfate Market Segmentation 
    6.1    Global Chondroitin Sulfate Market by Product
        6.1.1    Market Overview
        6.1.2    Food Grade
        6.1.3    Pharmaceutical Grade
    6.2    Global Chondroitin Sulfate Market by Source
        6.2.1    Market Overview
        6.2.2    Bovine
        6.2.3    Porcine
        6.2.4    Poultry
        6.2.5    Fish
        6.2.6    Sharks
        6.2.7    Crocodiles
        6.2.8    Others
    6.3    Global Chondroitin Sulfate Market by Form
        6.3.1    Market Overview
        6.3.2    Powder
        6.3.3    Tablets
        6.3.4    Capsules
    6.4    Global Chondroitin Sulfate Market by Application
        6.4.1    Market Overview
        6.4.2    Pharmaceutical and Nutraceutical
        6.4.3    Personal Care and Cosmetics
        6.4.4    Animal Feed
        6.4.5    Others
    6.5    Global Chondroitin Sulfate Market by Distribution Channel
        6.5.1    Market Overview
        6.5.2    Drug stores and Pharmacies
        6.5.3    E-commerce Channels
        6.5.4    Other Sales Channel
    6.6    Global Chondroitin Sulfate Market by Region
        6.6.1    Market Overview
        6.6.2    North America 
        6.6.3    Europe
        6.6.4    Asia Pacific
        6.6.5    Latin America
        6.6.6    Middle East and Africa
7    North America Chondroitin Sulfate Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Chondroitin Sulfate Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Chondroitin Sulfate Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Chondroitin Sulfate Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Chondroitin Sulfate Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    BIOIBERICA S.A.U.
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    BRF S.A.
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Synutra, Inc.
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Sino Siam Biotechnique Company Limited
        17.4.1    Financial Analysis
        17.4.2    Financial Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Seikagaku Corporation
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Solabia Group
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    Stanford Chemicals
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Summit Nutritionals International
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    William Reed Ltd
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Yantai Ruikangda Biochemical Products Co., Ltd
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Qingdao Wantuming Biological Products Co.,Ltd.
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    Sioux Pharm, Inc.
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
18    Global Chondroitin Sulfate Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

Globally, Chondroitin Sulfate market reached a value of USD 1.30 billion in 2023.

The market is projected to expand at a CAGR of 3.6% from 2024 to 2032, growing to USD 1.78 billion by 2032.

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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