Global Glucosamine Market Trends, Forecast, And Opportunity Assessment (2019-2024)
Glucosamine can be referred to as an amino acid, which can be naturally found in the cartilage of the joints. It is also considered as a precursor in the biochemical synthesis of glycosylated lipids and proteins. Glucosamine supplements possess anti-aging and anti-inflammatory properties, which helps to enhance gut health, digestion, and also treat inflammatory bowel disease.
Glucosamine supplements are thus consumed by people suffering from joint and bone pain as well as temporo-manibular joint (TMJ) disorder. They are also extensively used in cosmetic products as it helps in the formation of connective tissues and also promotes hydration and exfoliation.
With the rising number of geriatric population across the globe, coupled with disorders associated with joints and bones like arthritis and osteoarthritis, the glucosamine market is gaining significant prominence globally. The surging need for glucosamine supplements in order to promote healthy growth of hair and skin will create new growth opportunities for the market over the forecast period.
The rising number of vegan consumers, especially in developed regions like the U.S. is predicted to be another driving factor for the glucosamine market. Moreover, the ever-increasing population, robust growth in the healthcare industry, and consumer awareness associated with joint and bone health are some of the major factors likely to bolster the market growth in the coming years. Additionally, favorable regulatory framework regarding product utilization in the manufacturing of F&B is predicted to augment the market growth in the coming few years.
On the contrary, the dearth of awareness among people associated with the benefits of glucosamine supplements along with the presence of substitutes such as, collagens, omega 3 fatty acids, and fish oils, and herbal ingredients are anticipated to restrict the market growth during the assessment period.
Yangzhou Rixing Bio-Tech
Nanjing Health Herb Bio-Tech
Shinfuda Marine Biotechnology
Wellable Marine Biotech
The global glucosamine market has been segmented on the basis of type and application.
By type, the glucosamine market is segmented into Glucosamine Sulfate Potassium Chloride, Glucosamine Hydrochloride, N-acetylglucosamine, and Glucosamine Sulfate Sodium Chloride.
The application segment comprises medicine, health food, cosmetics, and others. Of these, the medicine sector will gain significant prominence, mainly due to the booming pharmaceutical industry worldwide. Glucosamine is extensively used in the production of medicines, which is likely to contribute to the market growth in the coming years.
Geographically, the glucosamine market spans across South America, Asia Pacific, Europe, North America, and the Middle East & Africa.
Considering the global scenario, the glucosamine market is prominent among the European region as a prescription or over-the-counter medication. The product is either reimbursed or subsidized by insurers or government health plans. The glucosamine market finds significance in the countries of Europe due to the prevailing trend of osteoarthritis. The product finds recommendations for treating osteoarthritis in European countries as well as in countries such as, Australia, the U.S., and Canada.
Surging consumption of sports nutrition in Thailand, along with weight management products in South Korea and China is anticipated to create growth opportunities for the glucosamine market during the estimated timeframe. The rising need for functional F&B is anticipated to augment the business scenario in the coming years.
Table of Contents
1 Industry Overview
2 Industry Environment (PEST Analysis)
3 Glucosamine Market by Type
4 Major Companies List
4.Glucosamine Cargill (Company Profile, Sales Data etc.)
4.2 KOYO Chemical (Company Profile, Sales Data etc.)
4.3 YSK (Company Profile, Sales Data etc.)
4.4 AMPIL (Company Profile, Sales Data etc.)
4.5 Bayir Chemicals (Company Profile, Sales Data etc.)
4.6 Panvo Organics (Company Profile, Sales Data etc.)
4.7 TSI (Company Profile, Sales Data etc.)
4.8 Wanbury (Company Profile, Sales Data etc.)
4.9 Wellable Marine Biotech (Company Profile, Sales Data etc.)
4.10 Golden-Shell Pharmaceutical (Company Profile, Sales Data etc.)
4.11 Aoxing Biotechnology (Company Profile, Sales Data etc.)
4.12 Yangzhou Rixing Bio-Tech (Company Profile, Sales Data etc.)
4.13 Fengrun Biochemical (Company Profile, Sales Data etc.)
4.14 Jiangsu Jiushoutang (Company Profile, Sales Data etc.)
4.15 Dongcheng Biochemical (Company Profile, Sales Data etc.)
4.16 Chengyi Pharmaceutical (Company Profile, Sales Data etc.)
4.17 Nanjing Health Herb Bio-Tech (Company Profile, Sales Data etc.)
4.18 Shinfuda Marine Biotechnology (Company Profile, Sales Data etc.)
5 Market Competition
6 Demand by End Market
7 Region Operation
8 Marketing & Price
9 Research Conclusion
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Source: EIN Presswire