The article cited AMA's Global Glucosamine and Chondroitin Sulfate Market Study explored substantial growth with CAGR of 5.9%. According the report, The Rising Health-Conscious Customers and The Aging Population for Joint Health Supplements
is one of the primary growth factors for the market. Increasing Application in Various End-User Industries
is also expected to contribute significantly to the Glucosamine and Chondroitin Sulfate market. Overall, Pharmaceutical
applications of Glucosamine and Chondroitin Sulfate, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Shandong Runxin Biotechnology (China), TSI Group (Canada), Synutra Ingredients (United States), Yantai Ruikangda Biochemical Products (United States), S.A.U. Seikagaku Corporation (Japan), Qingdao WanTuMing Biological Products (China), Sioux Pharm (United States), Pacific Rainbow International (United States), Summit Nutritionals International (United States) and Bioiberica (Spain) may see astonishing sales in this Market and certainly improve revenue growth.
The Source, such as Bovine, is boosting the Glucosamine and Chondroitin Sulfate market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Glucosamine and Chondroitin Sulfate market identified that the demand is rising in many different parts of the world as "Increased Application of Chondroitin Sulfate as an Anti-Inflammatory and Soothing Agent in Cosmetic Products". Furthermore, some recent industry insights like "In March 2023, Arjuna Natural Extracts Ltd. and NutraIngredients.com partnered to launch a new online platform for sourcing and selling natural ingredients, including glucosamine and chondroitin." is constantly making the industry dynamic. One of the challenges that industry facing is "The Stringent Government Regulations Associated with Glucosamine and Chondroitin Sulfate"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Glucosamine and Chondroitin Sulfate market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Glucosamine and Chondroitin Sulfate market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Glucosamine and Chondroitin Sulfate market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Glucosamine and Chondroitin Sulfate market and other related sub-markets covered in the study.
o Key & emerging players in the Glucosamine and Chondroitin Sulfate market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Glucosamine and Chondroitin Sulfate market size is calculated using market estimation process, the Glucosamine and Chondroitin Sulfate market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Glucosamine and Chondroitin Sulfate market size has been validated using both top-down and bottom-up approaches.