Global Chondroitin Market Growth 2023-2029

Global Chondroitin Market Growth 2023-2029

Product Code:454468

Published Date: Feb 08,2023

Pages: 129

Region: Global

Category: Pharma & Healthcare

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Chondroitin is a chondrin derivative, generally is Chondroitin sulfate.

Chondroitin sulfate is a sulfated glycosaminoglycan (GAG) composed of a chain of alternating sugars (N-acetylgalactosamine and glucuronic acid). It is usually found attached to proteins as part of a proteoglycan. A chondroitin chain can have over 100 individual sugars, each of which can be sulfated in variable positions and quantities. Chondroitin sulfate is an important structural component of cartilage and provides much of its resistance to compression. Along with glucosamine, chondroitin sulfate has become a widely used dietary supplement for treatment of osteoarthritis.

LPI (LP Information)' newest research report, the “Chondroitin Industry Forecast” looks at past sales and reviews total world Chondroitin sales in 2022, providing a comprehensive analysis by region and market sector of projected Chondroitin sales for 2023 through 2029. With Chondroitin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chondroitin industry.

This Insight Report provides a comprehensive analysis of the global Chondroitin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chondroitin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Chondroitin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chondroitin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chondroitin.

The global Chondroitin market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Global Chondroitin Sulfate key players include SANXIN, WanTuMing Biological, TSI Group, Yantai Dongcheng, Focus Chem, etc. Global top five manufacturers hold a share over 25%.

China is the largest market, with a share over 75%, followed by Europe and North America, both have a share over 10%. 
In terms of product, Food Grade is the largest segment, with a share over 70%.

This report presents a comprehensive overview, market shares, and growth opportunities of Chondroitin market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Food Grade
    Pharmaceutical Grade

Segmentation by application
    Pharmacy
    Health Products

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    SANXIN
    Focus Chem
    GGI
    Guanglong Biochem
    Hengjie Bio-Pharmaceuticals
    Huiwen
    ISBA
    Jiaixng Hengjie
    Meitek
    Nippon Zoki
    Pacific Rainbow
    Qingdao Green-Extract
    QJBCHINA
    Runxin Biotechnology
    SANXIN GROUP
    Shandong Dongcheng
    Sioux Pharm
    Summit Nutritionals
    TSI Group
    WanTuMing Biological
    Yantai Dongcheng
    YBCC
    Yibao Group

Key Questions Addressed in this Report
What is the 10-year outlook for the global Chondroitin market?
What factors are driving Chondroitin market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Chondroitin market opportunities vary by end market size?
How does Chondroitin break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?