Pune, April 21, 2022 (GLOBE NEWSWIRE) — The global chondroitin sulfate market is driven rising demand for pet foods and rising preference for nutraceutical and pharmaceutical products globally. Moreover, rising incidences of osteoarthritis has been pivotal in contributing to the extensive growth of the global chondroitin sulfate market. Osteoarthritis is considered to be the most common form of joint disorders in the United States, with an estimated 30.8 million adults suffering from the same. However, adverse reactions arising from long-term utilization of these products coupled with religious & social barriers among several countries are likely to restrain the market to a certain extent.
Global Chondroitin Sulfate Market is estimated to be over USD 2.17 Billion by 2030. It is anticipated to grow at a 3.4% CAGR from 2022 to 2030.
Chondroitin Sulfate Market by Region
The global chondroitin sulfate market can be segmented into North America, Asia Pacific, Europe and Rest of World (ROW). North America will continue to dominate the global chondroitin sulfate market in the forecast period owing to factors such as high prevalence of osteoarthritis, and availability of wide range of chondroitin sulfate products among others. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, Korea, Japan and India. Factors such as rising customer awareness regarding dietary supplements, and high prevalence of bone disorders have been crucial in contributing to the growth of this segment.
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- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance, Recent Developments)*
- Bioiberica SAU
- Sigma Aldrich (Merck KGaA)
- Sioux Pharma, Inc.
- Jiaxing Hengjie Biopharmaceutical Co., Ltd.
- SEIKAGAKU CORPORATION
- ZPD (Zeria Group)
- Synutra, Inc.
- Summit Nutritionals International
- PACIFIC RAINBOW INTERNATIONAL, INC.
- TSI Group Ltd
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Chondroitin Sulfate Market. The MDC Competitive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC’s Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC’s Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors’ solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
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Business ecosystem analysis
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Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Chondroitin Sulfate Market Dynamics, Covid-19 Impact on the Chondroitin Sulfate Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Chondroitin Sulfate Market Sizing, Analysis Tables
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Vendor Profiles Covered
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Chondroitin Sulfate Market report (25 Vendor Profiles)
Key Questions Answered in This Report:
- What is the potential of the Chondroitin Sulfate Market?
- What is the impact of COVID-19 on the global Chondroitin Sulfate Market?
- What are the top strategies that companies adopting in Chondroitin Sulfate Market?
- What are the challenges faced by SME’s and prominent vendors in Chondroitin Sulfate Market?
- Which region has the highest investments in Chondroitin Sulfate Market?
- What are the latest research and activities in Chondroitin Sulfate Market?
- Who are the prominent players in Chondroitin Sulfate Market?
- What is the potential of the Chondroitin Sulfate Market?
Current and Future Trends Analysis
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Focused region/country assessment
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The Impact of COVID-19 on Present and Future Market
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