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Chondroitin Sulfate Market Trends

Report ID: GMI3456
Published Date: Aug 2023
Report Format: PDF

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Chondroitin Sulfate Market Trends

Consumers were showing a preference for natural and plant-based ingredients in their dietary supplements, including chondroitin sulfate derived from animal cartilage. Consumers were seeking transparency in product sourcing, manufacturing practices, and quality assurance, prompting manufacturers to provide detailed information about the origin and production of chondroitin sulfate. Manufacturers were focusing on offering chondroitin sulfate as part of customized formulations that may include other joint-supporting ingredients like glucosamine, MSM (methylsulfonylmethane), and hyaluronic acid.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for chondroitin sulfate was worth USD 1.24 billion in 2022 and is poised to reach USD 1.74 billion by 2032 owing to its growing popularity as a natural supplement to support joint functions and reduce discomfort.

Chondroitin sulfate market from the bovine sources segment generated USD 0.36 billion in revenue in 2022 and is anticipated to witness steady growth by 2032 owing to the widespread availability of bovine cartilage due to the large cattle industry.

U.S. market for chondroitin sulfate was worth USD 0.32 billion in 2022 and is set to expand at a notable CAGR from 2023-2032 driven by the growing health awareness and the strong desire to maintain active lifestyles among consumers in the country.

Some top firms in the chondroitin sulfate are TSI Group Ltd., Synutra Ingredients (Shandong) Co., Ltd., Yantai Dongcheng Pharmaceutical Group Co., Ltd., Jiaxing Hengjie Biopharmaceutical Co., Ltd., Qufu Liyang Biochem Industrial Co., Ltd., and Pacific Rainbow International, Inc.