Chondroitin Sulfate Market to grow at a 3.4% CAGR - MDC Research
Market Data Centre
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Market Data Centre
Chondroitin Sulfate Market by Application (Dietary Supplements, Veterinary, Pharmaceutical and Cosmetics), and Source (Porcine and Bovine) - Global Analysis & Forecast 2022-2030
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 this 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.
COMPANY PROFILES (Business Overview, Products Offered, Financial Performance, Recent Developments)*
Bioiberica S.A.U.
Sigma-Aldrich (Merck KGaA)
Sioux Pharm, 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
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Chondroitin Sulfate Market. The MDC Competetive 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.
Technology Assessment
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Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.
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)
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 Analysiss
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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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Competitive Benchmarking
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