Chondroitin Sulfate Market COVID-19 Impact Analysis, by Source (Shark, Swine, Synthetic, Bovine, and Others), Application (Cosmetics, Pharmaceuticals, and Veterinary), By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
REPORT HIGHLIGHT
Chondroitin Sulfate market size was valued at USD 1,250.42 Million in 2022, expanding at a CAGR of 3.49% from 2023 to 2030.
An organic substance called chondroitin sulfate is present in cartilage and other connective tissues of animals. It is an essential part of the extracellular matrix, which gives tissues including blood vessels, joints, and skin stability, structure, and suppleness. Due to its ability to lower inflammation, ease discomfort, and increase joint mobility, chondroitin sulfate is frequently used as a dietary supplement for joint health. It is thought to act by encouraging cartilage\'s ability to retain water and nutrients, which supports the tissue\'s cushioning and shock-absorbing properties, particularly in situations like osteoarthritis.
Chondroitin Sulfate Market Dynamics
- The rising occurrence of osteoarthritis cases propelled the market growth
The rising incidence of osteoarthritis cases, which are often treated with chondroitin sulfate, and the expanding use of chondroitin sulfate in different industries are the key drivers driving the growth of the chondroitin sulfate market throughout the forecast period. According to a January 2022 article in the Journal of Climacteric, osteoporosis results in one osteoporotic fracture every three seconds and more than 8.9 million fractures worldwide each year. According to the report, 200 million women globally have osteoporosis. Osteoporosis affects a vast population, which is anticipated to fuel market expansion. Additionally, chondroitin sulfate is employed in cataract surgery as a solution to preserve corneas utilized for transplants as well as an eye drop for dry eyes.
Chondroitin Sulfate Market- Key Insights
- As per the analysis shared by our research analyst, the Global Chondroitin Sulfate market is estimated to grow annually at a CAGR of around 3.49% over the forecast period (2023-2030)
- The Chondroitin Sulfate market is projected to grow at a significant rate due to the rising occurrence of osteoarthritis cases
- Based on Source segmentation, bovine was predicted to show maximum market share in the year 2022
- Based on Application segmentation, Pharmaceuticals was the leading Application in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Chondroitin Sulfate Market- Segmentation Analysis:
The Global Chondroitin Sulfate market is segmented on the basis of Source, Application, and Region.
The market is divided into categories based on Source: Shark, Swine, Synthetic, Bovine, and Others. The global industry was dominated by the bovine source sector. This is a result of the source being used more often across a wide range of application sectors, including personal care & cosmetics, pharmaceuticals, and nutraceuticals, on a worldwide scale. Among the few companies that employ shark-derived chondroitin sulfate are those in the nutraceutical, pharmaceutical, and animal feed industries. Sharks are now thought to be an endangered species, which could prevent the industry from growing.
The market is divided into categories based on Application: Autoimmune Diseases, Cosmetics, Pharmaceuticals, and Veterinary. In individuals with osteoarthritis, pharmaceutical-grade chondroitin sulfate has frequently been shown to lessen pain and enhance function. It is frequently combined with other substances such as glucosamine sulfate, glucosamine hydrochloride, N-acetylglucosamine, and manganese ascorbate. Due to the medications used to treat acid reflux, interstitial cystitis, Kashin-Beck illness, breast cancer, high cholesterol, muscle soreness after exercise, and psoriasis, chondroitin sulfate is also used orally for HIV/AIDS, heart attack, osteoporosis, heart disease, and joint pain.
Chondroitin Sulfate Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America region is expected to grow. The region\'s booming chondroitin sulfate market may be attributed to the region\'s well-established pharmaceutical sector as well as the rising number of chondroitin sulfate products that the United States Food and Drug Administration has approved. Other variables influencing expansion in North America include the high frequency of osteoarthritis and formulations for eye drops.
Chondroitin Sulfate Market- Competitive Landscape:
Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Products makers compete on a variety of aspects, including product costs, performance, product making, technology, reputation, and availability. Some of the primary Sources used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, 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 for Joint Health.\"
Recent Developments:
- In March 2022, Bioiberica, a worldwide life science business, collaborated with ByHealth, a top Chinese vitamin and nutritional supplement provider, to create a new product for Highflex, its market-leading shared wellness brand. In China, Highflex type II collagen pills address unmet customer need for new, low-dose joint health treatments.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CHONDROITIN SULFATE MARKET KEY PLAYERS
- TSI Group Ltd.
- Synutra Ingredients
- Summit Nutritionals International, Inc.
- Sino Lion (USA) Inc.
- Sigma-Aldrich (now part of MilliporeSigma)
- Shandong Runxin Biotechnology Co., Ltd.
- Qingdao WanTuMing Biological Products Co., Ltd.
- Marlyn Nutraceuticals, Inc.
- Jiaxing Hengjie Biopharmaceutical Co., Ltd.
- Hebei Smart Chemicals Co., Ltd.
- Hangzhou Kalong Trade Co., Ltd.
- Hangzhou Focus Corporation
- Changzhou ComWin Fine Chemicals Co., Ltd.
- Bioiberica
- Baoji Tendenci Chemical Co., Ltd.
GLOBAL CHONDROITIN SULFATE MARKET, BY SOURCE
- Shark
- Swine
- Synthetic
- Bovine
- Others
GLOBAL CHONDROITIN SULFATE MARKET, BY APPLICATION
- Cosmetics
- Pharmaceuticals
- Veterinary
GLOBAL CHONDROITIN SULFATE MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
Rest of MEA
TABLE OF CONTENT
1. Chondroitin Sulfate Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Chondroitin Sulfate Market Snippet by Source
2.1.2. Chondroitin Sulfate Market Snippet by Application
2.1.3. Chondroitin Sulfate Market Snippet by Country
2.1.4. Chondroitin Sulfate Market Snippet by Region
2.2. Competitive Insights
3. Semiconductor Memory Key Market Trends
3.1. Chondroitin Sulfate Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Chondroitin Sulfate Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Chondroitin Sulfate Market Opportunities
3.4. Chondroitin Sulfate Market Future Trends
4. Semiconductor Memory Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Chondroitin Sulfate Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Chondroitin Sulfate Market Landscape
6.1. Chondroitin Sulfate Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Chondroitin Sulfate Market – By Source
7.1. Overview
7.1.1. Segment Share Analysis, By Source, 2022 & 2030 (%)
7.1.2. Shark
7.1.3. Swine
7.1.4. Synthetic
7.1.5. Bovine
7.1.6. Others
8. Chondroitin Sulfate Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2022 & 2030 (%)
8.1.2. Cosmetics
8.1.3. Pharmaceuticals
8.1.4. Veterinary
9. Chondroitin Sulfate Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
9.2. North America
9.2.1. Overview
9.2.2. Semiconductor Memory Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.2.4. North America Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.7.3. Canada Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.2.7.4. Canada Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Semiconductor Memory Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Semiconductor Memory Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Semiconductor Memory Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Semiconductor Memory Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Source, 2018 - 2030 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
10. Key Vendor Analysis- Semiconductor Memory Industry
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. TSI Group Ltd.
10.2.2. Synutra Ingredients
10.2.3. Summit Nutritionals International, Inc.
10.2.4. Sino Lion (USA) Inc.
10.2.5. Sigma-Aldrich (now part of MilliporeSigma)
10.2.6. Shandong Runxin Biotechnology Co., Ltd.
10.2.7. Qingdao WanTuMing Biological Products Co., Ltd.
10.2.8. Marlyn Nutraceuticals, Inc.
10.2.9. Jiaxing Hengjie Biopharmaceutical Co., Ltd.
10.2.10. Hebei Smart Chemicals Co., Ltd.
10.2.11. Hangzhou Kalong Trade Co., Ltd.
10.2.12. Hangzhou Focus Corporation
10.2.13. Changzhou ComWin Fine Chemicals Co., Ltd.
10.2.14. Bioiberica
10.2.15. Baoji Tendenci Chemical Co., Ltd.
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
