Press release
Chondroitin Sulfate Market Size to Reach $1.84 Billion by 2029 | Growth at 5.5% CAGR Forecast
Chondroitin Sulfate Market Size
What is the Projected Market Size of the Chondroitin Sulfate Industry?
In recent times, there has been a gradual increment in the market size of chondroitin sulfate. It is projected to increase from $1.43 billion in 2024 to $1.48 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.2%. The past growth can be credited to the rise in aging population, awareness about joint health, escalating incidents of osteoarthritis and joint-related disorders, flourishing industry, consumer inclination towards natural and nutraceutical products, and the growth in sports and fitness activities.
What Will Be the Size of the Chondroitin Sulfate Market by 2029?
The market size for chondroitin sulfate is predicted to experience significant growth in the forthcoming years, climbing to $1.84 billion in 2029, with a compound annual growth rate of 5.5%. The anticipated growth in the forecast period is due to its increased use in veterinary medical applications, advancements in research and clinical verification, the worldwide increase in joint problems related to lifestyle choices, its inclusion in functional foods and beverages, strategic marketing, and health awareness campaigns. In the forecast period, key trends expected include an emphasis on sustainable sourcing, development in extraction and production technologies, growing pet nutraceuticals market, promotion of joint health advantages, and expansion of the global market.
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What Are the Key Drivers Accelerating Growth in the Chondroitin Sulfate Market?
The rise in osteoarthritis cases is projected to stimulate the expansion of the chondroitin sulfate market. Osteoarthritis, a common form of arthritis impacting millions worldwide, involves the gradual breakdown of protective cartilage that shields the ends of bones. The use of chondroitin sulfate proves beneficial for osteoarthritis as it resists compression, preserves structural cohesion, encourages homeostasis, slows the degenerative progression, and eases muscle discomfort. Therefore, as osteoarthritis cases increase, so will the demand for the chondroitin sulfate market. For instance, Amgen, a biotech firm based in the US, disclosed in May 2022, that osteoporosis results in around 1.5 million fractures annually in the US, costing roughly $19 billion. Additionally, the number of fractures due to osteoporosis is expected to rise by 68% by 2040, amounting to 3.2 million. Thus, the surge in osteoarthritis occurrences positively impacts the growth of the chondroitin sulfate market.
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How Is the Chondroitin Sulfate Market Segmented by Type, Application, and Region?
The chondroitin sulfate market covered in this report is segmented -
1) By Type: Capsule Form, Tablet Form, Powder Form
2) By Source: Bovine, Swine, Poultry, Shark, Synthetic
3) By End Users: Pet Food And Veterinary Supplements, Pharmaceutical And Biotech Companies, Cosmetics And Personal Care
Subsegments:
1) By Capsule Form: Standard Capsules, Softgel Capsules
2) By Tablet Form: Regular Tablets, Chewable Tablets
3) By Powder Form: Flavored Powder, Unflavored Powder
What Are the Key Trends Driving Growth in the Chondroitin Sulfate Market?
One prominent trend currently prominent within the chondroitin sulfate marketplace is the introduction of innovative products by leading businesses. These corporations are developing novel items to maintain their market standing. An example of this occurred in July 2022 when Infinitus, a Chinese firm specializing in herbal health products and services, introduced a new series of Li Mai Jian supplements. These were developed following the concept of 'Making Bones Stronger for Joint Health' and incorporate coix seeds and lobed kudzu vine root for extra joint care.
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Who Are the Leading Companies Driving Growth in the Chondroitin Sulfate Market?
Major companies operating in the chondroitin sulfate market include Seikagaku Corporation, Synutra Ingredients, TSI Group Ltd., Sioux Pharm, Summit Nutritionals International Inc., ZPD A/S, Sino Siam Bio technique Co. Ltd., Bio-gen Extracts Pvt. Ltd., Hebei Sanxin industry Group Co.Ltd., Sigma Aldrich Inc., Fidia Farmaceutici S.p.A., Gnosis S.p.A., Pacific Rainbow International Inc., Bioiberica S.A.U., Merck KGaA, Ruikangda Biochemical Co. Ltd., Guanglong Biochem Co. Ltd., Nippon Zoki Pharmaceutical Co. Ltd., Huiwen Technology Co. Ltd., Runxin Biotechnology Co. Ltd., Yangtze River Basin Construction Co. Ltd., Focus Technology Co. Ltd., WanTuMing Biological, QJBCHINA, Hengjie Bio-Pharmaceuticals, Rochem International Inc., Chongqing Aoli Biopharmaceutical Co. Ltd.
Which Is the Leading Region in the Global Chondroitin Sulfate Market?
North America was the largest region in the chondroitin sulfate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the chondroitin sulfate market report during the forecast period. The regions covered in the chondroitin sulfate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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