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Chondroitin Market Trends

  • Report ID: GMI3461
  • Published Date: Mar 2024
  • Report Format: PDF

Chondroitin Market Trends

In recent years, increasing consumer awareness about joint supplements, particularly those containing chondroitin, is driving the market. Consumers are becoming more informed about the benefits of chondroitin in promoting joint health and managing conditions like osteoarthritis. This heightened awareness is fueled by widespread access to information through various channels such as online resources, social media, and healthcare professionals.
 

As a result, there's a growing demand for chondroitin supplements among aging populations and individuals seeking natural remedies for joint-related issues. This trend not only reflects a shift towards proactive health management but also presents lucrative opportunities for manufacturers and retailers in the market.
 

Furthermore, the chondroitin market is experiencing a surge in demand for natural and sustainable ingredients, driven by growing consumer preferences for health-conscious products. This shift is influenced by increasing awareness of the benefits of natural supplements and concerns about environmental sustainability. Consumers are actively seeking chondroitin sourced from eco-friendly and ethically produced raw materials, such as plant-based sources or sustainably harvested marine sources.

 

Manufacturers are responding to this trend by investing in research and development to innovate sustainable production methods and sourcing practices. As a result, products containing natural and sustainable chondroitin ingredients are gaining traction in the market, attracting environmentally conscious consumers, and driving overall market growth. This demand for natural and sustainable ingredients acts as a significant driver, boosting the market and shaping its future trajectory towards more environmentally friendly practices and offerings.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of chondroitin reached USD 1.28 billion in 2023 and is set to witness 3.8% CAGR from 2024 to 2032, owing to its availability in large quantities from beef processing industries and relatively lower cost compared to other sources worldwide.

The bovine segment recorded USD 560 million in 2023, due to its widespread availability and cost-effectiveness compared to other sources.

North America market held over USD 500 billion in 2023, attributed to its large and mature healthcare sector, which fosters high levels of consumer awareness about joint health in the region.

Beloor Bayir., Bioiberica S.A.U., Chongqing Aoli Biopharmaceutical Co. Ltd, INTER FARMA, Pacific Rainbow International, Inc., SEIKAGAKU CORPORATION, Summit Nutritionals International, Synutra Pure, Ltd., and TSI Group Ltd., are some of the major chondroitin companies worldwide.

Chondroitin Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 400
  • Countries covered: 22
  • Pages: 300
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