Chondroitin Sulfate Market: Global Industry Analysis and Forecast (2022-2029)

Chondroitin Sulfate Market was valued at US$ 1.84 Bn in 2021 and the market size is expected to grow at a CAGR of 4.24 % through the forecast period.

Chondroitin Sulfate Market Overview:

Chondroitin sulfate is a popular supplement that people often use to help manage joint pain. Chondroitin sulfate is a compound present naturally in the body as an essential part of hyaline cartilage, a tissue that cushions your joints. People commonly use it to help fight against the symptoms of osteoarthritis (OA), a degenerative joint disease in which the cartilage at the ends of your bones wears down, causing pain and increasing the risk of fracture. Chondroitin sulfate is used for osteoarthritis. It is often used in combination with other ingredients, including manganese ascorbate, glucosamine sulfate, glucosamine hydrochloride, or N-acetyl glucosamine. Chondroitin sulfate is available as an eye drop for dry eyes. In addition, it is used during cataract surgery, and as a solution for preserving corneas used for transplants. It is approved by the FDA for these uses. Some people with osteoarthritis use ointments or skin creams for pain that contain chondroitin sulfate, in combination with glucosamine sulfate, shark cartilage, and camphor. Some people also inject chondroitin sulfate into the muscles for osteoarthritis. In osteoarthritis, the cartilage in the joints breaks down. Taking chondroitin sulfate, one of the building blocks of cartilage, might slow this breakdown.Global Chondroitin Sulfate MarketTo know about the Research Methodology :- Request Free Sample Report The report explores the Global Chondroitin Sulfate Market segments (By Source, By Form, By End Use, By Sales Channel and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Global Chondroitin Sulfate Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Chondroitin Sulfate Market contemporary competitive scenario.

Chondroitin Sulfate Market Dynamics:

Drivers: The rising demand for dietary supplements is a major factor which drives the growth of the chondroitin sulfate market. The availability of these dietary supplements in several forms, including tablets, powders, extracts, liquids, gel, and capsules will further boost its popularity among end-users. Moreover, the ability to retain the shock-absorbing properties of collagen makes chondroitin sulfate ideal for use as a constituent in dedicated dietary supplements. Hence, the rise about the intake required nutrition leads to the demand for dietary supplements. This boosts up the growth of the Global Chondroitin Sulfate Market. The growing regularity of osteoarthritis has led to advancements in treatment options extensively. Chondroitin sulfate is used in supplements used for curing joint pain and arthritis. This led to the growth of the market. The growth of the chondroitin sulfate market is affected by the growth of the personal care industry. Due to its anti-inflammatory properties and intercellular matrix reinforcement ability chondroitin sulfate is used on a large scale in personal care products. Restrains: While taking chondroitin sulfate may help you control OA symptoms, it comes with a few potential downsides that you should be aware of. It may cause upset stomach by taking chondroitin which has been found to be safe. However, one of the main potential side effects users may experience is stomach discomfort. The several side effects such as nausea, heartburn, diarrhoea and constipation due to direct inhalation will lead to the reduction of the growth. The dangerous side effects on the body can be caused by the tablets of chondroitin sulfate contain manganese in amounts. These factors lead to the restraining of the growth of the Global Chondroitin Sulfate Market. Chondroitin sulfate is likely safe when used for up to 6 years. It can cause some mild stomach pain and nausea. Other possible side effects include bloating, diarrhoea, and constipation. Chondroitin sulfate is possibly safe when used together with other ingredients in an eye drop. These are the other factors which restrain the growth of the market during the forecast period. Opportunities: • The cataract is an injectable solution containing chondroitin sulfate and sodium hyaluronate which is approved by the FDA to protect the eye during cataract surgery. It is not clear if using it in a different form will help. • Osteoarthritis which is used for taking chondroitin sulfate by mouth seems to provide some relief from osteoarthritis pain and improve function. High quality, pharmaceutical-grade products have shown the most benefit. Chondrosulf (IBSA Institute Biochimique SA), Chondrosan (Bioiberica, S.A.) and Structum (Laboratories Pierre Fabre) are examples of these products. Challenges: Chondroitin sulfate (CS), as a popular material for cartilage tissue engineering scaffolds, has been extensively studied and reported for its safety and excellent biocompatibility. However, the rapid degradation of pure CS scaffolds has brought a challenge to regenerate neo-tissue similar to natural articular cartilage effectively. The COVID-19 pandemic has also led to the challenge for the growing market due to the restrictions such as lockdown and social distancing. The supplements market is witnessing strong demand with consumers been conscious regarding their health to avoid different illness. Consumers are increasingly opting for various supplements to minimize the risk of getting affected from viruses.

Chondroitin Sulfate Market Segment Analysis:

Based on Source,Chondroitin Sulfate MarketThe bovine segment is expected to grow with the highest CAGR during the forecast period. The wide usage of various applications such as pharmaceuticals, nutraceuticals, and animal feed lead to the growth of bovine segment in global chondroitin sulfate market. The religious concerns and ethical issues there is limited use of porcine source is the major factor for boosting the market during the forecast period. The aforementioned factors have prompted manufacturers to opt for bovine as a source. Bovine cartilage is considered as a by-product of beef industry, which is being generated on a large scale globally. The segment shark and fish is considered to be an endangered species which hamper the growth of the market. The sodium chondroitin sulfate which is sourced from sharks are able to treat people infected with HIV, arthritis, and intestine inflammation and this leads to the growth of the global chondroitin sulfate market. Based on End Use,Chondroitin Sulfate MarketThe segment pharmaceuticals and nutraceuticals are considered to be the highest growing sector in the global chondroitin sulfate market during the forecast period. As a dietary supplement for the treatment of osteoarthritis and joint pain, the nutraceuticals mostly use sodium chondroitin sulfate. They are used for reducing the pain caused by arthritis and to strengthen joints, cartilages, and bones. In the U.S., as a dietary supplement it is sold and to treat arthritis pain it is as taken in conjunction with glucosamine. In developed countries such as U.S. this industry is expected to grow with the highest market share due to the increased consumption of dietary supplements. The European Medicines Agency in Europe sells this as a prescription drug. The insertion into the bladder for urinary tract infections (UTIs), bladder conditions, or loss of bladder control are the other applications which is used for the growth of the industry. The increased consumption of sodium chondroitin sulfate in pharmaceutical applications which includes heart diseases, eye drops, joint pain, and osteoarthritis contributes to drive the global chondroitin sulfate market.

Chondroitin Sulfate Market Regional Insights:

The North America region is expected to witness significant growth at a CAGR of xx% through the forecast period. The pharmaceuticals industry in the U.S. which is associated with FDA approval for using sodium chondroitin sulfate-infused products leads to the growth of the market in North America Region. The factors such as the high prevalence of osteoarthritis and increased use in treating cholesterol, cataract surgery, and eye drop formulations contributed to drive the demand of Global Chondroitin Sulfate Market. The Asia-Pacific region is the second dominating the market with xx% share in 2021. Due to high prevalence of osteoarthritis and rising consumer awareness regarding dietary supplements leads to the rise of market in the region. The expansion of end-use industries including nutraceutical, pharmaceutical, personal care, and cosmetics leads to the growth of the market during the forecast period. The factors such as the increasing production of the product in the region and increasing exports from key countries such as China and Japan are boosting up the Global Chondroitin Sulfate Market in Asia-Pacific region. The objective of the report is to present a comprehensive analysis of the Chondroitin Sulfate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Chondroitin Sulfate Market dynamic, structure by analyzing the market segments and projecting the Chondroitin Sulfate Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Chondroitin Sulfate Market make the report investor’s guide.

Chondroitin Sulfate Market Scope: Inquire before buying

Global Chondroitin Sulfate Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.84 Bn.
Forecast Period 2022 to 2029 CAGR: 4.24% Market Size in 2029: US $ 2.56 Bn.
Segments Covered: by Source • Bovine • Poultry • Porcine • Shark and Fish • Others
by Form • Powder • Tablet • Capsules
by End Use • Pet food and veterinary supplements • Pharmaceutical & Nutraceutical • Cosmetics and personal care • Aqua feed
by Sales Channel • B2B • B2C

Chondroitin Sulfate Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Chondroitin Sulfate Market Key Players are:

• TSI Group Ltd. • Solabia Group • AcerChem International Inc. • Seikagaku Corporation • Jiaxing Hengjie Biopharmaceutical Co., Ltd • Aoxing Biotechnology Intl Co., Limited • Stanford Chemicals • Shanghai JBiChem International Trading Co., Ltd. • Sioux Pharm, Inc. • Pacific Rainbow International, Inc. • Synutra, Inc. • Zeria Pharmaceutical Co., Ltd. • Summit Nutritionals International, Inc. • Yantai Ruikangda Biochemical Products Co., Ltd. • Bioibérica S.A. • Dextra Laboratories Limited • CTPP-COPALIS • Derechos Reservados Syntex S.A. • Hebei Sanxin Industry Group Co., Ltd. • Sino Siam Biotechnique Co., Ltd. • Iduron Ltd • Aroma NZ • Shandong Focuschem Biotech Co., Ltd. • Kraeber and Co. gmbh • Maypro Industries • Nuwen • Qingdao Green-extract Biology Science & Technology Co. Ltd • Qufu Guanglong Biological Products Factory • Shanghai Huiwen Biotech Corp., Ltd • United Fisheries limited Frequently Asked Questions: 1] What segments are covered in the Global Chondroitin Sulfate Market report? Ans. The segments covered in the Global Chondroitin Sulfate Market report are based on source, form, end use and sales channel. 2] Which region is expected to hold the highest share in the Global Chondroitin Sulfate Market? Ans. North America region is expected to hold the highest share in the Global Chondroitin Sulfate Market. 3] What is the market size of the Global Chondroitin Sulfate Market by 2029? Ans. The market size of the Global Chondroitin Sulfate Market by 2029 is expected to reach US$ 2.56 Bn. 4] What is the forecast period for the Global Chondroitin Sulfate Market? Ans. The forecast period for the Global Chondroitin Sulfate Market is 2022-2029. 5] What was the market size of the Global Chondroitin Sulfate Market in 2021? Ans. The market size of the Global Chondroitin Sulfate Market in 2021 was valued at US$ 1.84 Bn.
1. Global Chondroitin Sulfate Market: Research Methodology 2. Global Chondroitin Sulfate Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Chondroitin Sulfate Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Chondroitin Sulfate Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Chondroitin Sulfate Market Segmentation 4.1. Global Chondroitin Sulfate Market, By Source (2021-2029) • Bovine • Poultry • Porcine • Shark and Fish • Others 4.2. Global Chondroitin Sulfate Market, By Form (2021-2029) • Powder • Tablet • Capsules 4.3. Global Chondroitin Sulfate Market, By End Use (2021-2029) • Pet food and veterinary supplements • Pharmaceutical & Nutraceutical • Cosmetics and personal care • Aqua feed 4.4. Global Chondroitin Sulfate Market, By Sales Channel (2021-2029) • B2B • B2C 5. North America Chondroitin Sulfate Market (2021-2029) 5.1. North America Chondroitin Sulfate Market, By Source (2021-2029) • Bovine • Poultry • Porcine • Shark and Fish • Others 5.2. North America Chondroitin Sulfate Market, By Form (2021-2029) • Powder • Tablet • Capsules 5.3. North America Chondroitin Sulfate Market, By End Use (2021-2029) • Pet food and veterinary supplements • Pharmaceutical & Nutraceutical • Cosmetics and personal care • Aqua feed 5.4. North America Chondroitin Sulfate Market, By Sales Channel (2021-2029) • B2B • B2C 5.5. North America Chondroitin Sulfate Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Chondroitin Sulfate Market (2021-2029) 6.1. European Chondroitin Sulfate Market, By Source (2021-2029) 6.2. European Chondroitin Sulfate Market, By Form (2021-2029) 6.3. European Chondroitin Sulfate Market, By End Use (2021-2029) 6.4. European Chondroitin Sulfate Market, By Sales Channel (2021-2029) 6.5. European Chondroitin Sulfate Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Chondroitin Sulfate Market (2021-2029) 7.1. Asia Pacific Chondroitin Sulfate Market, By Source (2021-2029) 7.2. Asia Pacific Chondroitin Sulfate Market, By Form (2021-2029) 7.3. Asia Pacific Chondroitin Sulfate Market, By End Use (2021-2029) 7.4. Asia Pacific Chondroitin Sulfate Market, By Sales Channel (2021-2029) 7.5. Asia Pacific Chondroitin Sulfate Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Chondroitin Sulfate Market (2021-2029) 8.1. Middle East and Africa Chondroitin Sulfate Market, By Source (2021-2029) 8.2. Middle East and Africa Chondroitin Sulfate Market, By Form (2021-2029) 8.3. Middle East and Africa Chondroitin Sulfate Market, By End Use (2021-2029) 8.4. Middle East and Africa Chondroitin Sulfate Market, By Sales Channel (2021-2029) 8.5. Middle East and Africa Chondroitin Sulfate Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Chondroitin Sulfate Market (2021-2029) 9.1. South America Chondroitin Sulfate Market, By Source (2021-2029) 9.2. South America Chondroitin Sulfate Market, By Form (2021-2029) 9.3. South America Chondroitin Sulfate Market, By End Use (2021-2029) 9.4. South America Chondroitin Sulfate Market, By Sales Channel (2021-2029) 9.5. South America Chondroitin Sulfate Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 TSI Group Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Solabia Group 10.3. AcerChem International Inc. 10.4. Seikagaku Corporation 10.5. Jiaxing Hengjie Biopharmaceutical Co., Ltd 10.6. Aoxing Biotechnology Intl Co., Limited 10.7. Stanford Chemicals 10.8. Shanghai JBiChem International Trading Co., Ltd. 10.9. Sioux Pharm, Inc. 10.10. Pacific Rainbow International, Inc. 10.11. Synutra, Inc. 10.12. Zeria Pharmaceutical Co., Ltd. 10.13. Summit Nutritionals International, Inc. 10.14. Yantai Ruikangda Biochemical Products Co., Ltd. 10.15. Bioibérica S.A. 10.16. Dextra Laboratories Limited 10.17. CTPP-COPALIS 10.18. Derechos Reservados Syntex S.A. 10.19. Hebei Sanxin Industry Group Co., Ltd. 10.20. Sino Siam Biotechnique Co., Ltd. 10.21. Iduron Ltd 10.22. Aroma NZ 10.23. Shandong Focuschem Biotech Co., Ltd. 10.24. Kraeber and Co. gmbh 10.25. Maypro Industries 10.26. Nuwen 10.27. Qingdao Green-extract Biology Science & Technology Co. Ltd 10.28. Qufu Guanglong Biological Products Factory 10.29. Shanghai Huiwen Biotech Corp., Ltd 10.30. United Fisheries limited
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