Glucosamine Market Synopsis:
Glucosamine Market Size Was Valued at USD 581.62 Billion in 2023, and is Projected to Reach USD 992.69 Billion by 2032, Growing at a CAGR of 6.12 % From 2024-2032.
This research focuses on the Glucosamine Market based on the consumption of glucosamine which is a naturally occurring compound obtained from cartilage and widely utilized to produce diet supplements that support joint health. Although it is extracted from crustaceans or synthesized, it’s mainly used where there is osteoarthritis or other problems that affect the joint. In industry, glucosamine is used in prescription drugs that are utilized for the synthesis of drugs used in arthritis medications, cosmeceuticals, and functional foods and beverages.
The glucosamine market is growing gradually as the need for joint-related disorders especially Osteo arthritis products in the increasing aging population are going on. Due to more and more people being concerned about diseases, rather than diseases, and the trend of taking nutritional supplements in recent years, glucosamine has become one of the most popular nutritional supplements for those who are strong and flexible. The population following a healthy lifestyle and population demanding nutritive products including nutraceuticals have also strengthened this market.
Furthermore, the market also benefit additional, from the versatile use of glucosine in other industries such as the personal care industry and pharmacological industries. This substance has demand in cosmetic as well as topical uses due to its anti-inflammatory properties as well as its benefits on the skin’s health. Also the new methods of extraction and advent of vegetarian and vegan Glucosamine have made it more flexible and attractive to other consumers.
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Glucosamine Market Trend Analysis:
Rising Demand for Vegan and Plant-Based Glucosamine
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One of such trends illustrated by the consumption rate of glucosamine is the willingness to use of vegan/plant-derived glucosamine. First generation glucosamine is derived from the shell of sea food therefore it is unsuitable for shellfish allergy patients, vegetarians or individuals under certain dieting system. Non meat substitutes are mainly prepared from fermented corn or some species of fungi are all; safe for the environment and do not have an allergic effect on human beings. Manufacturers of food processors have had to wake up from their slumber and accord this demographic a dues by developing new food products for the market needs. These products gives satisfaction or is accepted by ethic and environmental concerned customers or clients, the health conscious customers also the natural and sustainable product customers.
Expansion in Emerging Markets
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New glucosamine market outlets in the Asia-Pacific and Latin America areas are yielding high growth. As a result, consumers of these countries benefit from higher disposable income and rising trend towards supplement consumption that supports joint health. Also included in the market potential and scope are the rising cases of osteoarthritis and arthritis-related diseases and disorders, more evident in the ageing population. The pharmaceutical and nutraceutical markets are therefore eager to tap these markets through effective distribution channels to market affordable glucosamine containing products. The expansion of these governments’ awareness regarding people’s health and healthy living further supports the fair forecast of the glucosamine market in these regions.
Glucosamine Market Segment Analysis:
Glucosamine Market Segmented on the basis of Product Type, Application, and Region
By Product, Glucosamine Sulphate segment is expected to dominate the market during the forecast period
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Between each of the segment for glucosamine, glucosamine sulphate is expected to been the largest size in the glucosamine market over the forecast period because of its efficiency in osteoarthritis and joint pains. These glucosamine sulphate ‘‘anti-arthritic’’ supplements are well noted for former cartilage restoration and joint pain and stiffness relief. This makes them to have a better market and health care post than other manufactures. The effectiveness of the substances is also claimed and improved by most of the pharmaceutical companies with the purpose of remedy and improvement towards the glucosamine sulphate formulation in terms of bioavailability and stability. The segment is also supported by clinical trials which stands a lot of support for the product with many researches showing that glucosamine is the best type in the market.
By Application, the Supplement segment is expected to hold the largest share
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It is anticipated to hold the largest share According to the existing Tobin’s Q model, and industrial organization economics theories, it is even anticipated to dominate the largest market share the supplement is further projected to experience the highest growth because glucosamine is widely incorporated into dietary supplements for bone and joint products. Tablets, capsules, and powders of supplements are the most accessible and convenient glucosamine products with varying levels of glucosamine.
Glucosamine Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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There is rising incidence of osteoarthritis and other joint disorders and the increasing presence of these in North America is expected to bolster the growth of glucosamine market in the region during the forecast period. The major factor for this growth is attributed to America due to age factor and increased concern with joint health care. North American market that has continuously expand for certain types of dietary supplements, as people have included glucosamine supplements into their daily regime. Second, the residing area has well developed centre of medical facility to foster farther saint growth to nutraceutical and dietary supplement markets. A special extraction process and care to quality and safety ensures production and distribution of glucosamine products.
- Canada is also the North American market of glucosamine which has been having a constant increase in the population of the conscious health. They point out that governmental incentives towards enhancing well-being and healthy aging have been instrumental in the region’s market success. Availability of key manufactures along with a strong retail network finally locates North America as the largest glucosamine market across the globe.
Active Key Players in the Glucosamine Market:
- Amway (United States)
- Cargill Inc. (United States)
- Ethical Naturals Inc. (United States)
- GNC Holdings (United States)
- Health Food Ingredients Co. (China)
- Koyo Chemical Co., Ltd. (Japan)
- NOW Foods (United States)
- Nutralife Health Products (India)
- Nutramax Laboratories, Inc. (United States)
- Pharmavite LLC (United States)
- Puritan’s Pride, Inc. (United States)
- Schiff Nutrition International, Inc. (United States)
- Simply Supplements (United Kingdom)
- Solgar Inc. (United States)
- Zhejiang Aoxing Biotechnology Co., Ltd. (China)
- Other Active Players
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Glucosamine Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 581.62 Billion |
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Forecast Period 2024-32 CAGR: |
6.12 % |
Market Size in 2032: |
USD 992.69 Billion |
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Segments Covered: |
By Product |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Glucosamine Market by Product
4.1 Glucosamine Market Snapshot and Growth Engine
4.2 Glucosamine Market Overview
4.3 Glucosamine Sulphate
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Glucosamine Sulphate: Geographic Segmentation Analysis
4.4 Glucosamine Hydrochloride
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Glucosamine Hydrochloride: Geographic Segmentation Analysis
4.5 N-acetylglucosamine
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 N-acetylglucosamine: Geographic Segmentation Analysis
4.6 Others
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Others: Geographic Segmentation Analysis
Chapter 5: Glucosamine Market by Application
5.1 Glucosamine Market Snapshot and Growth Engine
5.2 Glucosamine Market Overview
5.3 Supplement Food and Beverage Others
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Supplement Food and Beverage Others: Geographic Segmentation Analysis
Chapter 6: Company Profiles and Competitive Analysis
6.1 Competitive Landscape
6.1.1 Competitive Benchmarking
6.1.2 Glucosamine Market Share by Manufacturer (2023)
6.1.3 Industry BCG Matrix
6.1.4 Heat Map Analysis
6.1.5 Mergers and Acquisitions
6.2 AMWAY (UNITED STATES)
6.2.1 Company Overview
6.2.2 Key Executives
6.2.3 Company Snapshot
6.2.4 Role of the Company in the Market
6.2.5 Sustainability and Social Responsibility
6.2.6 Operating Business Segments
6.2.7 Product Portfolio
6.2.8 Business Performance
6.2.9 Key Strategic Moves and Recent Developments
6.2.10 SWOT Analysis
6.3 CARGILL INC. (UNITED STATES)
6.4 ETHICAL NATURALS INC. (UNITED STATES)
6.5 GNC HOLDINGS (UNITED STATES)
6.6 HEALTH FOOD INGREDIENTS CO. (CHINA)
6.7 KOYO CHEMICAL CO. LTD. (JAPAN)
6.8 NOW FOODS (UNITED STATES)
6.9 NUTRALIFE HEALTH PRODUCTS (INDIA)
6.10 NUTRAMAX LABORATORIES INC. (UNITED STATES)
6.11 PHARMAVITE LLC (UNITED STATES)
6.12 PURITAN’S PRIDE INC. (UNITED STATES)
6.13 SCHIFF NUTRITION INTERNATIONAL INC. (UNITED STATES)
6.14 SIMPLY SUPPLEMENTS (UNITED KINGDOM)
6.15 SOLGAR INC. (UNITED STATES)
6.16 ZHEJIANG AOXING BIOTECHNOLOGY CO. LTD. (CHINA)
6.17 OTHER ACTIVE PLAYERS
Chapter 7: Global Glucosamine Market By Region
7.1 Overview
7.2. North America Glucosamine Market
7.2.1 Key Market Trends, Growth Factors and Opportunities
7.2.2 Top Key Companies
7.2.3 Historic and Forecasted Market Size by Segments
7.2.4 Historic and Forecasted Market Size By Product
7.2.4.1 Glucosamine Sulphate
7.2.4.2 Glucosamine Hydrochloride
7.2.4.3 N-acetylglucosamine
7.2.4.4 Others
7.2.5 Historic and Forecasted Market Size By Application
7.2.5.1 Supplement Food and Beverage Others
7.2.6 Historic and Forecast Market Size by Country
7.2.6.1 US
7.2.6.2 Canada
7.2.6.3 Mexico
7.3. Eastern Europe Glucosamine Market
7.3.1 Key Market Trends, Growth Factors and Opportunities
7.3.2 Top Key Companies
7.3.3 Historic and Forecasted Market Size by Segments
7.3.4 Historic and Forecasted Market Size By Product
7.3.4.1 Glucosamine Sulphate
7.3.4.2 Glucosamine Hydrochloride
7.3.4.3 N-acetylglucosamine
7.3.4.4 Others
7.3.5 Historic and Forecasted Market Size By Application
7.3.5.1 Supplement Food and Beverage Others
7.3.6 Historic and Forecast Market Size by Country
7.3.6.1 Russia
7.3.6.2 Bulgaria
7.3.6.3 The Czech Republic
7.3.6.4 Hungary
7.3.6.5 Poland
7.3.6.6 Romania
7.3.6.7 Rest of Eastern Europe
7.4. Western Europe Glucosamine Market
7.4.1 Key Market Trends, Growth Factors and Opportunities
7.4.2 Top Key Companies
7.4.3 Historic and Forecasted Market Size by Segments
7.4.4 Historic and Forecasted Market Size By Product
7.4.4.1 Glucosamine Sulphate
7.4.4.2 Glucosamine Hydrochloride
7.4.4.3 N-acetylglucosamine
7.4.4.4 Others
7.4.5 Historic and Forecasted Market Size By Application
7.4.5.1 Supplement Food and Beverage Others
7.4.6 Historic and Forecast Market Size by Country
7.4.6.1 Germany
7.4.6.2 UK
7.4.6.3 France
7.4.6.4 The Netherlands
7.4.6.5 Italy
7.4.6.6 Spain
7.4.6.7 Rest of Western Europe
7.5. Asia Pacific Glucosamine Market
7.5.1 Key Market Trends, Growth Factors and Opportunities
7.5.2 Top Key Companies
7.5.3 Historic and Forecasted Market Size by Segments
7.5.4 Historic and Forecasted Market Size By Product
7.5.4.1 Glucosamine Sulphate
7.5.4.2 Glucosamine Hydrochloride
7.5.4.3 N-acetylglucosamine
7.5.4.4 Others
7.5.5 Historic and Forecasted Market Size By Application
7.5.5.1 Supplement Food and Beverage Others
7.5.6 Historic and Forecast Market Size by Country
7.5.6.1 China
7.5.6.2 India
7.5.6.3 Japan
7.5.6.4 South Korea
7.5.6.5 Malaysia
7.5.6.6 Thailand
7.5.6.7 Vietnam
7.5.6.8 The Philippines
7.5.6.9 Australia
7.5.6.10 New Zealand
7.5.6.11 Rest of APAC
7.6. Middle East & Africa Glucosamine Market
7.6.1 Key Market Trends, Growth Factors and Opportunities
7.6.2 Top Key Companies
7.6.3 Historic and Forecasted Market Size by Segments
7.6.4 Historic and Forecasted Market Size By Product
7.6.4.1 Glucosamine Sulphate
7.6.4.2 Glucosamine Hydrochloride
7.6.4.3 N-acetylglucosamine
7.6.4.4 Others
7.6.5 Historic and Forecasted Market Size By Application
7.6.5.1 Supplement Food and Beverage Others
7.6.6 Historic and Forecast Market Size by Country
7.6.6.1 Turkiye
7.6.6.2 Bahrain
7.6.6.3 Kuwait
7.6.6.4 Saudi Arabia
7.6.6.5 Qatar
7.6.6.6 UAE
7.6.6.7 Israel
7.6.6.8 South Africa
7.7. South America Glucosamine Market
7.7.1 Key Market Trends, Growth Factors and Opportunities
7.7.2 Top Key Companies
7.7.3 Historic and Forecasted Market Size by Segments
7.7.4 Historic and Forecasted Market Size By Product
7.7.4.1 Glucosamine Sulphate
7.7.4.2 Glucosamine Hydrochloride
7.7.4.3 N-acetylglucosamine
7.7.4.4 Others
7.7.5 Historic and Forecasted Market Size By Application
7.7.5.1 Supplement Food and Beverage Others
7.7.6 Historic and Forecast Market Size by Country
7.7.6.1 Brazil
7.7.6.2 Argentina
7.7.6.3 Rest of SA
Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies
Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
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Glucosamine Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 581.62 Billion |
|
Forecast Period 2024-32 CAGR: |
6.12 % |
Market Size in 2032: |
USD 992.69 Billion |
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Segments Covered: |
By Product |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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