Global Market Study on Chondroitin Sulfate: Gaining Prominence as a ‘Bioactive’ Supplement for Osteoarthritis Patient Pool


Chondroitin Sulfate  Market
  • Published On : Sep-2019 |
  • Pages : 240 Pages |
  • Format :

The latest market report by Persistence Market Research (PMR) on the global chondroitin sulfate market evaluates opportunities, current market scenario and provides insights and updates about the corresponding segments involved in the global chondroitin sulfate market during the forecast period 2019-2029. The study provides a detailed assessment of the key market dynamics and detailed information about the global chondroitin sulfate market structure. The detailed market study provides exclusive information about how the global chondroitin sulfate market will grow during the forecasted period.

The primary objective of the global chondroitin sulfate market report is to provide insights into the opportunities in the market that are consistently supporting the transformation of global businesses associated with chondroitin sulfate. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global chondroitin sulfate market, and to discover equitable opportunities.

The study on the global chondroitin sulfate market also provides an estimation of this market and corresponding revenue forecast carried out in terms of absolute dollar opportunity. It also offers actionable insights based on future trends in the global chondroitin sulfate market. Furthermore, new and emerging businesses in the global chondroitin sulfate market can make use of the information present in the study to make wise business decisions, which will provide the momentum to the business as well as chondroitin sulfate market.

The study is relevant for all manufacturers, suppliers, distributors, and investors in the global chondroitin sulfate market. It will provide them the requisite lift to grow in the market. All the stakeholders in the global chondroitin sulfate market, investors, industry experts, researchers, journalists as well as business researchers can leverage the information and data represented in PMR’s study.

Key Segments of the Global Chondroitin Sulfate Market

PMR’s study on the global chondroitin sulfate market offers information divided into 5 important segments- source, form, end use, sales channels, and region.

Source

Form

End Use

Sales Channel

Region

  • Bovine
  • Powder
  • Cosmetics & Personal Care
  • B2B
  • North America
  • Porcine
  • Tablet
  • Pharmaceutical & Nutraceutical
  • B2C
  • Latin America
  • Poultry
  • Capsules
  • Aquafeed
  • Europe
  • Fish, Shark, and Crocodiles
  • Pet food & Veterinary supplements
  • Asia Pacific
  • Others
  • Middle East & Africa

Key Questions Answered in PMR’s Global Chondroitin Sulfate Market

  • Which region will have the highest market share in the global chondroitin sulfate market over the forecasted period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global chondroitin sulfate market?
  • Which are the global trends in the chondroitin sulfate market that are impacting the market?
  • What strategies need to be adopted by the emerging players in the global chondroitin sulfate market to capture the opportunities in various regions?
  • What is the market structure of the global chondroitin sulfate market?

Global Chondroitin Sulfate Market: Research Methodology

PMR is committed to provide unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. The unique research methodology is utilized to conduct extensive research on global chondroitin sulfate market and reach conclusions on future growth factors of global chondroitin sulfate market. The research methodology uses primary research methods coupled with the secondary research methods, which ensures the accuracy and reliability of the conclusions.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over five regions, i.e. North America, Latin America, Europe, the Asia Pacific, and Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,

  • Primary Research
  • Secondary Research
  • Trade Research

The global consumption of chondroitin sulfate is estimated to account for revenues worth UD$ 590 Mn towards the end of 2019. Chondroitin sulfate is being widely consumed as an alternative medicine to decelerate the progression of osteoarthritis. Chondroitin sulfate also helps reduce joint pain and inflammation. Regular consumption of chondroitin sulfate leads to improved joint functions. Commercial chondroitin sulfate is a mixture of glucosamine and chondroitin sulfate. Apart from improving the joint functions, chondroitin sulfate can also be used as an eye drop for sore eyes, besides having veterinary uses.

Chondroitin sulfate, otherwise known as sulfated glycosaminoglycan (GAG), is composed of a huge chain of alternating sugars such as glucuronic acid and N-acetylgalactosamine. Chondroitin sulfate is a chemical compound that is present in the connective tissues in humans, which is found in the cartilages and joints of the body. Commercial chondroitin sulfate is manufactured from various animal sources such as porcine, bovine, poultry, fish, shark, crocodile, and other animals.

chondroitin-sulfate-market-01

Increased Demand for Chondroitin Sulfate from the Booming Pet Food Industry

  • In the pet food industry, chondroitin sulfate is one of the established bioactive supplements that helps in supporting health benefit claims. Chondroitin sulfate is one of the key ingredients used in veterinary supplements and pet food products to avoid problems related to arthritis or hip dysplasia. Chondroitin sulfate also helps keep pets active and healthy with better joint mobility.
    • For instance, Zeria Group (ZPD) offers several strengths of chondroitin sulfate for the manufacturers of pet food in accordance with requirements, such as different grades containing 20%, 40%, and 80% chondroitin sulfate.

Cosmetic and Personal Care Industry Increasingly Using Chondroitin Sulfate in their Natural Products

  • The current trend in the cosmetic and personal care industry is to adopt the usage of chondroitin sulfate as a key ingredient in cosmetic products. It has been found that, chondroitin sulfate has various properties, such as its ability to moisturize, heal, and soothe the skin with its anti-inflammatory properties, and the ability to reinforce the intercellular matrix. Beauty product manufacturers are slowly adopting the usage of chondroitin sulfate in their hair care and skincare products.
    • In 2016, the company Zeria Group (ZPD) offered chondroitin sulfate under its brand name ScanDroitin, for the cosmetic industry.

Availability of Chondroitin Sulfate for Multiple Applications in Turn Boosting its Demand

  • Usually, chondroitin sulfate is used in combination with various other ingredients such as N-acetyl glucosamine, manganese ascorbate, glucosamine hydrochloride, and glucosamine sulfate.
  • With the combination of glucosamine, chondroitin sulfate is used to treat osteoarthritis, the major functional segment. There are various other end uses for chondroitin sulfate, such as cosmetics, personal care, and veterinary supplements.
  • The increasing demand for chondroitin sulfate in multiple industries is projected to accelerate the growth of the chondroitin sulfate market in the coming years.

Increasing Prevalence of Osteoarthritis Driving the Growing Demand for Chondroitin Sulfate for Medicinal Purposes

  • The major cause of disability among the ageing population is osteoarthritis. When compared to men, women are more likely to be affected by osteoarthritis, and the occurrence rate also increases with age.
    • According to CDC, National Arthritis Statistics of U.S., from the year 2013–2015, around 55.6 million U.S. adults (including both, men and women) were diagnosed with some form of arthritis, gout, lupus, rheumatoid arthritis, or fibromyalgia.
    • According to the Arthritis Research U.K., by 2035, around 8.3 million people in the country aged 45 years and above could have knee osteoarthritis.
    • According to AIHW, osteoarthritis affected more than 9% of the Australian population in 2014-15.
  • This rising prevalence is expected to increase the demand for chondroitin sulfate among supplement, pharmaceutical, and nutraceutical manufacturers.

Increasing Clinical Studies on Chondroitin Sulfate Determining its Superiority over Existing Products

  • The presence of different pharmaceutical products for disease treatment has created a competitive market scenario for chondroitin sulfate. Several clinical studies are going on for the identification of the effectiveness of chondroitin sulfate over existing products, as well as for different indications.
    • In June 2017, IBSA Institute Biochimique SA conducted a clinical trial using Chondroitin Vs Celecoxib Vs Placebo Trial. The institute named the trial as CONCEPT. This trial showed that, pharmaceutical-grade chondroitin sulfate was effective as an anti-inflammatory drug when compared to Placebo Trial and Celecoxib. The trial also revealed that, chondroitin sulfate is effective for reducing joint pain and increasing the functionality of the joints among knee osteoarthritis patients.

The Analyst’s Viewpoint

A comprehensive view of the global chondroitin sulfate market has led our analysts to conclude that the market is growing at a stable rate, with North America and Europe holding a large chunk of the global consumption of chondroitin sulfate market. Technological adaptation and innovation of new techniques by leading market players has led to remarkable growth in chondroitin sulfate business space. The increasing of Focus on R&D of new product formulations, new ingredient development, creation of new methods to incorporate certain nutrients in products, and improvement in product tastes and ingredient shelf stabilities is the another key strategy

Companies with research and development capabilities and expertise in the use of technology will gather momentum and profitability in the global chondroitin sulfate market.  Leading market players who are adopting a new product launches as a key strategy will continue to grow and have a significant gain in market share.

Company Profiles:

  • TSI Group Ltd.,
  • Solabia Group
  • AcerChem International Inc.
  • Seikagaku Corporation
  • Jiaxing Hengjie Biopharmaceutical Co., Ltd
  • Aoxing Biotechnology Intl Co., Limited
  • Stanford Chemicals
  • Shanghai JBiChem International Trading Co.,Ltd.
  • Sioux Pharm, Inc.
  • Pacific Rainbow International, Inc.
  • Synutra, Inc
  • Zeria Pharmaceutical Co., Ltd.
  • Summit Nutritionals International, Inc.
  • Yantai Ruikangda Biochemical Products Co., Ltd.
  • Bioibérica S.A.
  • Dextra Laboratories Limited
  • CTPP-COPALIS
  • Derechos Reservados Syntex S.A.
  • Hebei Sanxin Industry Group Co., Ltd.
  • Sino Siam Biotechnique Co., Ltd.
  • Iduron Ltd
  • Aroma NZ
  • Shandong Focuschem Biotech Co., Ltd.
  • Kraeber and Co gmbh
  • Maypro Industries
  • Nuwen
  • Qingdao Green-extract Biology Science & Technology Co.,Ltd
  • Qufu Guanglong Biological Products Factory
  • Shanghai Huiwen Biotech Corp.,Ltd
  • United Fisheries limited
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