Chondroitin Sulfate Market Size, Share & Industry Analysis, By Source (Bovine, Porcine, Aquatic Animal, Others), By Applications (Pharmaceuticals, Nutraceuticals, Cosmetics and Personal Care, Pet Food Industry, Others), By Distribution Channel (Mass Merchandisers, Pharmacies, Specialty Stores, Online Retails) and Regional Forecast, 2024-2032

Chondroitin sulfate is a glycosaminoglycan, which is measured as a symptomatic slow-acting drug for osteoarthritis. Chondroitin sulfate is utilized as an ingredient and generally extracted from bovine cartilages and it is gaining popularity among the manufacturers of various dietary supplements, owing to its offerings of joint tissue elasticity property and water-retention property. It is usually used to improve the quality of synovial tissues and in joint cartilage.

The consumers are becoming more aware of the benefits of chondroitin sulfate in their muscles and bones treatment. The manufacturers are focusing on aged consumers, who are generally suffering from bone problems. The rising dominance of chondroitin sulfate is anticipated to increase its demand among the manufacturers of pharmaceuticals and nutraceuticals across the globe.

The pharmaceuticals sector is one of the major application areas of chondroitin sulfate. The biologics and generics are the two fast-growing segments in pharmaceuticals which utilizes a huge amount of chondroitin sulfate. The low value and high volume of the product reflect the high competitive edge with the emergence of new and evolving pharmaceutical products for different consumers benefit. The increase in the regular consumption of chondroitin sulfate and improved joint functions has led to its increasing growth in the global chondroitin sulfate market.   

Key Market Driver -

Key Market Driver – Increased Demand from Nutraceuticals and Pharmaceuticals Industries

Key Market Restraint -

Key Market Restraint – Shorter Product Life-Cycle and Stringent Regulations

The nutraceutical industry is also growing and the dietary supplements & functional foods are gaining huge popularity among the consumers, owing to its various health properties and physical benefits such as bones and joints improvements, muscular growth, and others.

The manufacturers are utilizing a huge quantity of chondroitin sulfate to launch various dietary supplements for consumers for improvement of their joint mobility, joint comfort, and tissue elasticity. The rising health concerns along with the convenience factors are enticing the consumers towards nutraceutical products, which is expected to increase the consumption of chondroitin sulfate in its global market.

Key Players Covered:

There are several leading chondroitin sulfate manufacturers that are operating in the global market. The manufacturers are capitalizing to expand their reach to consumers by increasing product penetration across the globe. Some of the major players are Qingdao WanTuMing Biological Products, Seikagaku Corporation, Bioiberica S.A.U., Yantai Ruikangda Biochemical Products Co., Ltd, Shandong Runxin Biotechnology Co., Ltd., Pacific Rainbow International Inc., TSI Group Ltd., Synutra Ingredients, and Summit Nutritionals International.

The bovine and porcine are the significant source of chondroitin sulfate, due to their robust population across the world. The chondroitin is a complex sugar obtained from the cartilage of buffalo, cow, pig, and others. The manufacturers are also focusing on aquatic animals, such as fish, crabs, and others for the extraction of chondroitin sulfate to boost their presence in the global chondroitin sulfate market.

The cosmetics and personal care industries are growing across the world due to the rising modernization and beauty concerns among the consumers. The industries are adopting the usage of chondroitin sulfate as a key ingredient, owing to its various properties such as the ability to heal, moisturize, soothe the skin, and reinforce the intercellular matrix. The consumers are willing to pay for the beauty products, which also indicates the rising utility of chondroitin sulfate in its global market. The pet food industry is another segment that utilizes the product in their food processing to provide healthier bone properties to the pets. The rising pet humanization and increasing animal welfare trends have led to increase in pet adoption across the world. The rising pet population also shows an increase in the utility of chondroitin sulfate in pet food production.  

Regional Analysis:

The Asia Pacific is a developing region and emerging as one of the major consumers of chondroitin sulfate in the world. Agriculture is the basic source of the regional economy and the number of mammals and cattle are increasing in various countries, such as India, Thailand, China, and others. The chondroitin is extracted from the mammals and bovine, which are easily available in the region and that has encouraged manufacturers to produce and utilize chondroitin sulfate in various industries, such as pet food and cosmetics industries.

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The dairy manufacturers and animal manufacturers are intensively focusing on producing better animal feed in the countries, to get high quality and more quantity of milk from the animals. The animal feed manufacturers are utilizing a huge quantity of chondroitin sulfate in their product processing, which is expected to give a boost in the growth of global chondroitin sulfate market in the upcoming years.

Segmentation

Key Industry Developments

• In January 2018, Bioiberica S.A.U. has launched new generation of chondroprotectors for cats and dogs in Barcelona including chondroitin sulfate in its processing, to reduce the osteoarthritise among the pet animals.


• In November 2018, The American Company has launched the product Mythocondro, A single non-animal chondroitin sulfate and 100% vegan product in the U.S., to cater the demand from vegan population.