Global Chondroitin Sulfate Market By Source (Bovine, Poultry, Swine, Shark, and Synthetic), By Application (Nutraceuticals, Animal Feed, Pharmaceuticals, Personal Care & Cosmetics, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032
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Chondroitin Sulfate Market Overview
Chondroitin Sulfate Market was estimated to be worth USD 1,200.4 million. The market is forecast to grow at a CAGR of 2.6% between 2023 and 2032. Market growth is expected to be driven by increasing demand for nutraceutical drugs and osteoarthritis prevalence. It treats cataracts, osteoarthritis, and urinary system infections in pharmaceutical quality. This will drive the overall market demand for the product throughout the forecast period. It also treats tumor metastasis, improves digestive function, and lowers blood sugar. Its growing popularity in osteoarthritis and other treatments is expected to help the overall market.
Global Chondroitin Sulfate Market Scope:
Bovine was the dominant market player and accounted for more than 34.5% of the global revenue for 2021. Sodium Chondroitin Sulfate from cows is utilized in various products, including medicines, nutraceuticals, and animal feed. Bovine cartilage is a byproduct of the beef sector and is being produced in large quantities around the world. In many parts of the world, bovine by-products have been used for human consumption. Manufacturers have chosen bovine to be their source because of the above factors.
Shark-derived products are used in many industries, including animal feed, pharmaceuticals, and nutraceuticals. Market leaders are concerned that the shark is now an endangered species. This could hinder industry growth. But sodium chondroitin, sulfate, sourced from sharks, is preferable due to its ability to treat HIV-infected people, arthritis, and intestine swelling. The forecast period will see increased demand.
A two-stage fermentation-based process is used to make synthetic sodium chondroitin. The process eliminates animal cartilages which reduces contamination and adulteration. Additionally, the extraction process can be simplified, which leads to lower production costs. The demand for synthetic chondroitin in Asia and the Middle East is expected to rise as it is not animal-derived. This makes it an attractive alternative for vegetarians with dietary or religious restrictions.
Nutraceuticals were the market leader in 2021, accounting for more than 35.4% of global revenue. As a dietary supplement, sodium chondroitin is used extensively in the nutraceutical sector to treat osteoarthritis. They are used to reduce arthritis pain and to strengthen bones, cartilages, and joints. The country's legislation determines how each product is classified. It is sold as a supplement to glucosamine and taken with glucosamine in the U.S. to treat arthritis pain. The industry is expected to grow due to the increased consumption of dietary supplements in developed countries like the U.S.
It can be purchased as a prescription medication under the European Medicines Agency. It is also used in the bladder to treat urinary tract infections (UTIs), bladder problems, and loss of bladder control. Market growth is anticipated due to increased sodium chondroitin Sulfate consumption in pharmaceutical applications like eye drops, heart diseases, joint pain, and osteoarthritis.
Sodium chondroitin sulfate can be used in food preparations as a thickener or forming agent. It is used in various food applications, including drinks, chewing gums, dairy products, and other beverages. ScanDroitin's food-grade products comply with GMP and principles to ensure high quality. Market growth is anticipated to be driven by favorable government regulations governing the use of the product in food additives.
Key Market Segments
- Animal Feed
- Personal Care & Cosmetics
Also, dietary supplements and food products are used as thickeners and additives, forming agents and preservatives. Because of its ability to treat arthritis and joint pain in pets (including chronic pain and aches due to osteoarthritis, elbow dysplasia, and hip dysplasia) it is often used extensively. Shortly, food-grade and animal-feed-grade applications may experience a faster growth rate than traditional usage.
North America and Europe are the largest regional markets of sodium chondroitin. This product is more popular in developed economies like the UK, Germany, and the U.S. than in emerging countries. This is due to high osteoarthritis prevalence in these countries, consumer awareness about the condition, favorable regulations for osteoarthritis treatment, and a well-developed healthcare system. The demand is expected to rise due to increased R&D in developed countries to improve quality and lower operational costs.
North America was dominant in the market and accounted for over 34.7% of global revenues in 2021. The region is expanding because of the U.S.'s thriving pharmaceutical industry and FDA approval of products containing sodium chondroitin sulphate. Demand will rise due to factors like osteoarthritis, increased use in cataract surgeries, treatment of cholesterol, and eye drops formulations.
Asia Pacific is the fastest-growing region with a CAGR of 3.1% over the forecast period. This is partly due to consumers' rising awareness of dietary supplements and the high incidence of osteoarthritis. The Asia Pacific was second in the region's largest market for 2021. This is due to the expansion of the end-use industries, including pharmaceutical, cosmetics, and personal care. Industry growth will be supported by increased production and exports from key nations like China and Japan.
Key Regions and Countries covered іn thе rероrt:
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- South Africa
- Rest of MEA
Market Share Analysis
The market for chondroitin is fragmented due to the presence of many manufacturers, especially in China. Due to high investments in R&D, product innovation, and improved product efficiency, the market is highly competitive. There is high competition for the product's final price, and manufacturers are shifting to natural extracts. This indicates that there is a lot of market rivalry. Manufacturers are increasingly focusing on sustainable raw material sourcing and efficient manufacturing processes. To manufacture their products, players are moving towards high-purity cartilage. ZPD provides a range of sodium chondroitin-sulfate products for pet food manufacturers. They can meet requirements like different grades that contain 20%, 40%, or 80% sodium chondroitin. To reduce operational costs and develop new products, industry players invest heavily in R&D.
Majority of sodium chondroitin (sulfate) is supplied by major manufacturers in developed nations such as the U.S. and UK. These key suppliers include pharmaceutical and nutraceutical players. The increasing use of dietary supplements and osteoarthritis can explain the market's growth.
Key Market Players
These are some of the most prominent players in this chondroitin supplement market:
- TSI Group Ltd.
- HeBei SanXin Industrial Group
- Sigma-Aldrich Inc.
- Bioiberica S.A.U.
- Bio-gen Extracts Private Limited
- Sino Siam Biotechnique Company Limited
- SEIKAGAKU CORPORATION
- Other Key Players
For the Chondroitin Sulfate Market research study, the following years have been considered to estimate the market size:
Particular Scope Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Historic Year 2016 to 2020 Estimated Year 2022 Forecast Year 2023 to 2032
Frequently Asked Questions (FAQ)
What is the size of the Chondroitin Sulfate market in 2021?
The Chondroitin Sulfate market size was US$ 1,200.4 million in 2021.
What is the projected CAGR at which the Chondroitin Sulfate market is expected to grow at?
The Chondroitin Sulfate market is expected to grow at a CAGR of 2.6% (2023-2032).
List the segments encompassed in this report on the Chondroitin Sulfate market?
Market.US has segmented the Chondroitin Sulfate market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Source, market has been segmented into Bovine, Poultry, Swine, Shark, and Synthetic. By Application, the market has been further divided into Nutraceuticals, Animal Feed, Pharmaceuticals, Personal Care & Cosmetics, and Others.
List the key industry players of the Chondroitin Sulfate market?
TSI Group Ltd., HeBei SanXin Industrial Group, BRF, Sigma-Aldrich Inc., Bioiberica S.A.U., Bio-gen Extracts Private Limited, Sino Siam Biotechnique Company Limited, SEIKAGAKU CORPORATION, ZPD, and Other Key Players engaged in the Chondroitin Sulfate market.
Which region is more appealing for vendors employed in the Chondroitin Sulfate market?
North America is accounted for the highest revenue share of 34.7%. Therefore, the Chondroitin Sulfate industry in North America is expected to garner significant business opportunities over the forecast period.
Name the key areas of business for Chondroitin Sulfate?
The U.S., Canada, Mexico, Germany, Italy, Spain, Etc., are key areas of operation for Chondroitin Sulfate Market.
Which segment accounts for the greatest market share in the Chondroitin Sulfate industry?
With respect to the Chondroitin Sulfate industry, vendors can expect to leverage greater prospective business opportunities through the bovine segment, as this area of interest accounts for the largest market share.
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- WanTuMing Biological
- TSI Group
- Yantai Dongcheng
- Focus Chem
- Runxin Biotechnology
- Meitek (Synutra International)
- Hengjie Bio-Pharmaceuticals
- Nippon Zoki
- Summit Nutritionals
- Sioux Pharm
- Ruikangda Biochemical
- Guanglong Biochem
- Pacific Rainbow
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