USD 1.21 Billion
Chondroitin Sulfate Market Size, Share, Growth Analysis, By Source(Bovine, Swine, Poultry, Shark), By Application(Nutraceuticals, Pharmaceuticals, Animal Feed, Personal Care & Cosmetics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2266 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
67
|Figures:
75
Chondroitin Sulfate Market Insights
Chondroitin Sulfate Market size was valued at USD 1.21 Billion in 2021 and is poised to grow from USD 1.25 Billion in 2022 to USD 1.65 Billion by 2030, at a CAGR of 3.5 % during the forecast period (2023-2030).
The increased demand for nutraceutical products and the rising prevalence of osteoarthritis are expected to be the main drivers of chondroitin sulfate demand. The need for the source is anticipated to increase since pharmaceutical-grade chondroitin sulfate is mostly used to treat UTIs, cataracts, and osteoarthritis. Additionally, it is used in the form of drugs to lower the amount of sugar in the blood, stop the spread of tumors, and enhance liver function. Additionally, the growing demand for its use for the management of osteoarthritis and a number of other ailments is predicted to support the rise of the overall market.
Chondroitin sulfate is made up of a lengthy chain of sugars, including glucuronic acid & N-acetylgalactosamine. Chondroitin sulfate can be found in varying amounts in the cartilage, joints, and connective tissues of people. Regular chondroitin sulphate consumption leads to improved joint performance. The item can also be used as an eye spray for dry eyes and in veterinary treatment. Demand on the market is significantly influenced by both meat and the industry that produces it. The market has expanded as a result of increased meat consumption and strong demand from the pet industry for meat-based sources. Animal parts employed in a variety of industries, including kidneys, spleen, liver, brains, & the lungs, are of great nutritional value.
Animal glands and organs, for instance, are used medically in a number of nations, such as Japan, China, and India. Tallow, meat meal, fertilizer, and pet food are all made from the intestines of animals. A source of vitamin B12 and a nutritional supplement, liver extract of pigs and cows is also used to treat various types of anemia. Fish waste that is too bone-heavy or includes a lot of oil is converted into industrial products and feed. Collagen and chondroitin sulphate, which are components in several medicinal, nutraceutical, aesthetically pleasing, and food products, are also obtained from cartilage.
The increasing demand for meat as well as meat products has led to a rise in animal deaths. The fact that cartilage collected after slaughter serves as the chemical's source has been quite useful to those who make it. One of the most common musculoskeletal conditions affecting the elderly is osteoarthritis. Affected joints ache and have limited range of motion. Osteoarthritis is treated with chondroitin sulfate to lessen inflammation, halt the condition's development, and improve associated symptoms. It is projected that osteoarthritis will become more popular as it becomes more common in industrialized countries including the U.S. and the U.K., amongst others.
US Chondroitin Sulfate Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Bovine
Fastest Growth
Bovine
Growth Rate
3.5% CAGR
Global Chondroitin Sulfate Market ($ Bn)
Country Share for North America Region (%)
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Chondroitin Sulfate Market Segmental Analysis
Global Chondroitin Sulfate Market is Source, Application and region. Based on Source the market is segmented into Bovine, Swine, Poultry, Shark, Synthetic. Based on Application the market is segmented into Nutraceuticals, Pharmaceuticals, Animal Feed, Personal Care & Cosmetics, Other Applications. Based on region the global Chondroitin Sulfate Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Chondroitin Sulfate Market Analysis by Source
In 2022, the bovine source market ruled the globe and generated more than 37.80% of all revenues. This is a result of the source being used more frequently across a wide range of application sectors, including pharmaceutical, personal hygiene & cosmetics, and nutraceuticals, on a global scale. Among the few companies that use shark-derived chondroitin sulfate are those in the pharmaceutical, nutraceutical, & animal feed industries. Sharks are currently thought to be a threatened species that might prevent the sector from growing.
The shark-derived product is the favored form due to its ability to treat people with HIV, rheumatoid arthritis, and gut inflammation; during the projection period, demand is expected to increase as a result of this preference. It takes two stages of fermentation-based processing to make synthetic sodium chondroitin sulfate. There is little chance of contamination or adulteration because animal bone is not used in the procedure. Low sourcing costs are also a result of how simple the extraction process is. It can also be used as a substitute by vegetarians and others who have dietary or religious restrictions, therefore its demand is expected to rise in Asian & Middle Eastern countries.
Chondroitin Sulfate Market Analysis by Application
In 2022, the industry was dominated by the nutraceutical category, which generated 36.1% of the total revenue. Its significant market share is linked to the sector's increasing investments as a result of the requirement to create new and more potent dietary supplements. It is extensively used as a food additive to treat arthritis and joint soreness in the nutraceutical industry. They are consumed to reduce the discomfort of arthritis and to strengthen the bones, cartilage, & joints. The source is categorized taking into account the national legislation of each country.
In the US, it is recommended as a dietary supplement together with glucosamine to treat arthritis pain. The market is expected to grow as dietary supplement consumption rises in developed countries like the U.S. Additionally, glucosamine hydrochloride & chondroitin sulfate are frequently found in animal feed additives. Pet diets, especially those for cats and dogs, contain a sulfate of chondroitin from bovine sources to enhance joint health and mobility. The drug is also used to treat chronic pain brought on by patellar luxation & intervertebral disc disease, as well as hip dysplasia, osteoarthritis, and intervertebral disc disease.
Global Chondroitin Sulfate Market By Source
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Chondroitin Sulfate Market Regional Insights
North America dominated the market with a 36.2% revenue share in 2022. This is attributable to the FDA's approval of the use of goods including sodium chondroitin sulfate as well as the expansion of the American pharmaceutical sector. Demand is also expected to be fueled by factors including the rising prevalence of osteoarthritis, rising use of cholesterol medication, cataract surgery, or formulations for eye drops. A few companies in Europe use chondroitin sulfate, but those that do include those in the pharmaceutical, cosmetics, food, animal feed, and veterinary fields. In dietary supplements, chondroitin sulfate is a substitute medicine used to treat osteoarthritis.
The market in Europe is expected to grow over the forecasted period as a result of more people using medications and nutraceuticals that include sodium chondroitin sulfate. Osteoarthritis, the relief of joint pain, the treatment of heart issues and high cholesterol, and the preparation of eye drops are the usual uses for chondroitin sulfate. In developing countries like China and India, where the aging population is rising, osteoarthritis and other joint health-related issues are more common. The rising frequency of osteoarthritis and its expanding involvement in the treatment of numerous medical illnesses are predicted to raise demand for sources in the Asia Pacific pharmaceutical sector.
Global Chondroitin Sulfate Market By Geography
- Largest
- Fastest
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Chondroitin Sulfate Market Dynamics
Chondroitin Sulfate Market Drivers
Rising Aging Population
- As the global population continues to age, there is a higher incidence of joint-related ailments such as osteoarthritis. Chondroitin sulfate is commonly used in the treatment of osteoarthritis as it helps in reducing pain, inflammation, and improving joint function. The aging population is a significant driver for the chondroitin sulfate market.
Growth in Sports and Fitness Industry
- With the rising popularity of sports and fitness activities, there is an increased risk of joint injuries. Chondroitin sulfate is used in the formulation of dietary supplements and sports nutrition products to support joint health and aid in injury recovery. The growth of the sports and fitness industry contributes to the demand for chondroitin sulfate.
Chondroitin Sulfate Market Restraints
Regulatory Challenges
- The chondroitin sulfate market is subject to various regulatory standards and requirements imposed by different countries. Compliance with these regulations can be complex and time-consuming, creating barriers to entry for new market players and impacting the overall market growth.
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Chondroitin Sulfate Market Competitive Landscape
The global chondroitin sulfate market is fragmented in nature because there are so many manufacturers, particularly in China. There is fierce competition in the sector as a result of the increased R&D expenditures for resource innovation and enhancing source efficiency. High levels of pricing competition among sources and companies' shifting focus towards increasing use of organic extracts are signs of intense competition. The primary areas that are important for manufacturers are the sourcing of sustainable raw materials and efficient sourcing strategies. Companies are using cartilage having a high purity concentration to create the sources. For instance, ZPD offers various grades that include sodium chondroitin sulfate in amounts of 20%, 40%, and 80%, as well as additional varieties of sodium chondroitin sulfate ingredients that are compliant with rules for pet food producers.
Chondroitin Sulfate Market Top Player’s Company Profiles
- Seikagaku Corporation
- Shandong Runxin Biotechnology Co., Ltd.
- Jiaxing Hengjie Biopharmaceutical Co., Ltd.
- Summit Nutritionals International Inc.
- Bio-gen Extracts Pvt. Ltd.
- Yantai Dongcheng Pharmaceutical Group Co., Ltd.
- Sioux Pharm, Inc.
- Pacific Rainbow International, Inc.
- ZPD A/S
- Bausch Health Companies Inc.
- Jiaxing Yueteng Biological Technology Co., Ltd.
- San Xinyuan Food Industry Co., Ltd.
- Zeria Pharmaceutical Co., Ltd.
- YBCC (Yantai BeiYang Chemtech Co., Ltd.)
- Marcor Development Corporation
- Huiwen Pharmaceutical (Shandong) Co., Ltd.
- Qingdao Green-Extract Biology Science and Technology Co., Ltd.
Chondroitin Sulfate Market Recent Developments
- In July 2022, A new line of Li Mai Jian supplements was introduced by the Chinese herbal health goods and services company Infinitus with the slogan Making Bones Stronger in Joint Health.
- In March 2022, In partnership with ByHealth, a significant Chinese vitamin & nutritional supplement provider, Bioiberica, an international life science company, developed a new product for its market-dominating collaborative health brand, Highflex. Tablets of Highflex type II collagen fill a gap in the Chinese market for novel, low-dose joint health treatments.
Chondroitin Sulfate Key Market Trends
- Increasing Demand for Natural and Organic Ingredients: There is a growing preference among consumers for natural and organic products, including supplements and nutraceuticals. This trend has led to an increased demand for chondroitin sulfate derived from natural sources such as bovine, porcine, and marine origins. Manufacturers are focusing on offering chondroitin sulfate products that meet these consumer preferences.
- Rising Focus on Joint Health and Aging Population: Joint health is becoming a significant concern globally, especially with the aging population. As people seek to maintain mobility and manage joint-related conditions, there is a growing demand for chondroitin sulfate as a key ingredient in dietary supplements targeting joint health. The market is witnessing the development of innovative formulations and combination products that promote joint health and mobility.
- Expansion in Pharmaceutical Applications: Chondroitin sulfate is widely used in pharmaceutical applications, particularly for the treatment of osteoarthritis. The market is witnessing an expansion in the development of novel drug formulations that incorporate chondroitin sulfate, either as a standalone ingredient or in combination with other active pharmaceutical ingredients. This trend is driven by the need for effective and safe treatment options for joint-related disorders.
- Technological Advancements in Production Processes: Manufacturers are focusing on improving the efficiency and quality of chondroitin sulfate production processes. Technological advancements, such as enzymatic extraction and purification techniques, are being adopted to enhance yield, purity, and cost-effectiveness. These advancements are expected to drive market growth and meet the increasing demand for chondroitin sulfate.
- Growing Awareness and Adoption in Veterinary Applications: Chondroitin sulfate is also used in veterinary applications, primarily for the management of joint health in companion animals, particularly dogs and horses. As pet owners become more aware of the importance of pet health and seek joint health supplements, the demand for chondroitin sulfate in the veterinary market is growing. Manufacturers are developing specialized formulations for veterinary use to cater to this demand.
Chondroitin Sulfate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global chondroitin sulfate market analysis, the increased demand for nutraceutical products and the rising prevalence of osteoarthritis are expected to be the main drivers of chondroitin sulfate demand. The need for the source is anticipated to increase since pharmaceutical-grade chondroitin sulfate is mostly used to treat UTIs, cataracts, and osteoarthritis. Additionally, it is used in the form of drugs to lower the amount of sugar in the blood, stop the spread of tumors, and enhance liver function. Additionally, the growing demand for its use for the management of osteoarthritis and a number of other ailments is predicted to support the rise of the overall market. However, the market in Europe is expected to grow over the forecasted period as a result of more people using medications and nutraceuticals that include sodium chondroitin sulfate. Osteoarthritis, the relief of joint pain, the treatment of heart issues and high cholesterol, and the preparation of eye drops are the usual uses for chondroitin sulfate
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.21 Billion |
| Market size value in 2031 | USD 1.65 Billion |
| Growth Rate | 3.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Chondroitin Sulfate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Chondroitin Sulfate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Chondroitin Sulfate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Chondroitin Sulfate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Chondroitin Sulfate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chondroitin Sulfate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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