Press release
Global Chondroitin Sulfate Market to Exceed USD 3.4 Billion by 2031, Fueled by Nutraceutical Demand and Aging Populations
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"Chondroitin sulfate's versatility in pharmaceuticals, supplements, and cosmetics is positioning it as a high-demand bioactive ingredient worldwide," said Dr. Naomi Parker, senior health and wellness analyst at CVMI.
Key Market Highlights
• 2024 Market Size: USD 1.68 billion
• 2031 Forecast: USD 3.41 billion
• CAGR: 10.6% (2024-2031)
Growth Catalysts
• Preventive health boom: global demand for joint health supplements surges.
• Pharma Advancements: Enhanced formulations for osteoarthritis treatment.
• Cosmetic Expansion: Increasing use in anti-aging and skin hydration products.
Segment Insights
• Top Application: Nutraceuticals hold over 55% of the market share.
• Fastest-growing segment: cosmetics, fueled by consumer wellness trends.
• Regional Leaders: North America and Europe lead, with Asia-Pacific experiencing fast growth.
Competitive Overview (2024)
• TSI Group - 15%: Major raw material supplier for joint health products.
• Bioiberica - 14%: Specializing in pharma-grade chondroitin.
• ZPD A/S - 12%: Specialist in marine-sourced chondroitin.
• Others - 59%: A diverse mix of global and regional players.
Outlook to 2031
Innovation in biotechnological production, combined with rising supplement consumption and cosmeceutical adoption, will sustain the growth of the chondroitin sulfate market. Expansion into emerging economies will further increase market potential.
For more insights, visit - https://clearviewmarketinsights.com/
Media contact:
Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
About Clearview Market Insights:
Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.
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