Chondroitin Sulfate Market Size, Trends & Analysis - Forecasts to 2026 By Source Type (Bovine, Porcine, Poultry, Fish, Sharks, Crocodiles, and Others); By Form Type (Powder, Tablets, and Capsules); By Distribution Channel (Drug Stores, Pharmacies, e-Commerce Channels, and Other Sales Channels); By End-Users (Cosmetics & Personal care, Pharmaceuticals & Nutraceuticals, Aqua Feed, Pet Food & Veterinary Supplements); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis and Competitor Analysis
Chondroitin Sulfate Market Insights
The Chondroitin Sulfate Market will observe a high growth between 2021-2026. The growth of the Chondroitin Sulfate industry is associated with the increased demand and healthcare expenditures for personal care products and pharmaceutical products. The solution is used in medicines to cure joint pain, inflammation, to cure eye dryness, and the solution is also used for preserving cornea during cataract surgery. The chemical composition of the chondroitin sulfate is similar to the glucuronic acid present generally around the joints in cartilage.
The chondroitin sulfate is also consumed and available in form of capsules and tablets. The tablets are used widely as food supplements for pets as well. The substance also provides for increasing lubrication in joints for healthy & smooth functioning of the cartilage.
Increased use of chondroitin sulfate for the treatment of joint pain, heart disease, acidity, anemia, HIV, are boosting the market growth. The advancing use of chondroitin sulfate in the personal care industry and use increased use in cosmetics and hair care creams products accompanied with increased consumer expenditure has prompted the chondroitin sulfate market to accelerate and grow for the future predicted period.
Chondroitin Sulfate Market: By Source Type
Based on source type, the market comprises Bovine, Porcine, Poultry, Fish, Sharks, Crocodiles and others. Bovine as a source of many consumable items and a by-product of the beef industry is already in use for human consumption across the world. Hence, Bovine is widely used and dominates the market by product. Shark-derived products are also widely used as a source for pharmaceuticals and nutraceuticals. But eventually, shark driven sources have seen a decline over the years because of its are availability and it is endangered.
Chondroitin Sulfate Market: By Form Type
Based on the type of form the market is based on powder, tablets, and capsules. Chondroitin sulfate is consumed widely in form of tablets and capsules, as a cure for medicines for orthopedic disease. But also, when the substance is consumed in form of powder is easy to digest, this property of the chondroitin sulfate may boost the demand for this form type across the industry.
Chondroitin Sulfate Market: By Distribution Channel
Based on the distribution channel, the distributors of chondroitin sulfate products are drug stores, pharmacies, e-commerce channels, and other sales channels. The growth of the e-commerce industry and rising e-commerce platforms have led to a rise in distributors of chondroitin sulfate worldwide, because it's easy for the customers to use and helps the customers to fetch quality products at a lower price, by eliminating distributors costs. And easy access to product information and securing orders for them.
Chondroitin Sulfate Market: By End-Use
Based on end-use, the size of the chondroitin sulfate market in the global market has increased immensely. Ranging from its application for cosmetics & personal care, pharmaceuticals and nutraceuticals, aquafeed, pet food, and veterinary supplements, Etc.
The nutraceuticals and pharmaceuticals held the largest share in the chondroitin sulfate market, widely used for food supplements, ease joint pains, muscle soreness, strengthen cartilage, bones, and joints.
The growing usage of chondroitin sulfate across cosmetics and pet foods has prompted the growth of chondroitin sulfate.
Chondroitin Sulfate Market: By Region
The North American region held the dominating position for the chondroitin sulfate market worldwide owing to its booming pharmaceutical industry and the FDA approval for chondroitin sulfate. The product is also used as food supplements for pets. The increasing trend of pet adoption in the states fosters for growth of the market share and the related product market. The substance is regarded as an organic food supplement for pets that helps to strengthen bones and cartilages, providing the regional market a boost. Intensive R&D in this developed region helps to reduce overall operational costs, helps to bring in economies of scale, producing high-quality products, and boosts its demand over some time.
The Asia Pacific and European regions will register maximum growth between 2021-2026, due to the rising consumption of dietary supplements and personal care products. The European cosmetic brands and their high demand globally drives for the regional cosmetic beauty care industry. It is used widely as soothing agents in lip balms, skin brightening serums, moisturizers, and makeup products, etc.
Chondroitin Sulfate Market Share and Competitor Analysis
Shandong Focuschem Biotech Co. Ltd, TSI Group Ltd., Nuwen, Solabia Group, Aoxing Biotechnology Intl Co., Limited, AcerChem International Inc., Qingdao Green, Shanghai Huiwen Biotech Corp. Ltd, Jiaxing Hengjie Biopharmaceutical Co., Ltd., Seikagaku Corporation, Stanford Chemicals, Qufu Guanglong Biological Products, Kraeber, and Co Gmbh, Yantai Ruikangda Biochemical Products Co, Shanghai JBiChem, Hebei Sanxin Industry Group Co. Ltd, Aroma NZ, Summit Nutritionals International Inc., Sioux Pharm Inc., Zeria Pharmaceutical Co. Ltd., Pacific Rainbow International Inc., Sino Siam Biotechnique Co. Ltd, Synutra Inc., and Iduron Ltd among others are the key players.
Please note: This is not an exhaustive list of companies profiled in the report.
In 2020, Dextra Laboratories Limited launched complete solutions from GMP laboratories for GMP manufacturing. Enabling to take discovery programs on an early phase clinical trials.
In October 2019, Syngenta AG committed $2 billion for innovations and for tackling climate change, to accelerate innovation in changing world.
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The Global Chondroitin Sulfate Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Chondroitin Sulfate Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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