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Global Chondroitin Sulfate Market by Application (Pharmaceuticals, Nutraceuticals, Personal Care & Cosmetics, Animal Feed), by Source (Poultry, Swine, Bovine) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CHM-72582
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 70
  • No. Of Pages: 244
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global chondroitin market value was USD 1.17 billion in 2020. It is expected to grow at 3.0% compound annual growth rate (CAGR), from 2020-2028. The market is expected to grow due to increased demand for nutraceutical product and the increasing incidence of osteoarthritis. It is used primarily to treat osteoarthritis, cataracts and urinary tract infections in pharmaceutical grade. This is expected to drive overall demand for the product during the forecast period. It can also be used as a medicine to improve digestion function, increase liver function, lower blood glucose, and inhibit tumor metastasisis. Its increasing popularity in osteoarthritis treatment and other treatments will benefit overall market growth.

Sodium chondroitin is also used as a thickener, additive, forming agent, preservative, and in pet food. Because it is effective in treating arthritis and joint pain, as well as other diseases, such chronic pain, elbow dysplasia, hip dysplasia, and osteoarthritis, it is widely used. It is expected that animal feed and food grade applications will experience a faster growth rate than conventional use in the near future.

North America and Europe are the main regional markets for sodium-chondroitin sulfate. Due to the high incidence of osteoarthritis worldwide, high consumer awareness, favorable government regulations regarding the treatment of the disease, and the well-developed healthcare infrastructure, the product has seen a high rate of adoption in developed countries such as the UK, Germany, and the U.S. The forecast period will see an increase in R&D activity in developed economies to improve quality, reduce operational costs, and drive demand.

Source Insights

Bovine dominated the market, accounting for over 35.0% of global revenue in 2020. The sodium chondroitin-sulfate from bovines is used in many applications, including pharmaceuticals, nutraceuticals and animal feed. Bovine cartilage, a byproduct of beef sector is being produced on a large-scale across the globe. Many parts of the globe already consume bovine byproducts. These factors have led to bovine being chosen as a source of protein.

Diverse industries use shark-derived products, including pharmaceuticals, nutraceuticals and animal feed. The shark is being considered an endangered species and this may limit the growth of the market. The preferred sodium chondroitin supplement sourced from sharks can be used to treat HIV, arthritis and intestinal inflammation. This will drive demand for the product over the forecast period.

Two-stage fermentation is used to produce synthetic sodium chondroitin. This process does not use animal cartilages. It reduces the risk of contamination and adulteration. The extraction process is simpler, which results in lower production costs. Synthetic chondroitin will be a popular choice for vegetarians with dietary and religious restrictions.

Application Insights

Nutraceuticals dominated the market, accounting for over 36.0% of global revenue in 2020. The nutraceutical market uses sodium chondroitin, a dietary supplement to treat osteoarthritis and other joint pains. They can be used to relieve arthritis pain and strengthen the bones, cartilages, joints and other body parts. Each country's laws determine how the product is classified. It is sold in the U.S. as a dietary supplement, and used with glucosamine to relieve arthritis pain. Industry growth is expected to be driven by increased consumption of dietary supplement in developed economies like the U.S.

It is available as a prescription drug in Europe under the European Medicines Agency. It can also be used to insert it into the bladder to treat urinary tract infections (UTIs), bladder problems, or lose bladder control. The market is expected to grow due to increased sodium chondroitin (sulfate) consumption in pharmaceutical applications, such as eye drops, heart disease, joint pain, osteoarthritis, and eye drops.

In food preparations, sodium chondroitin is used as a thickener, preservative, and forming agent. It can be used in beverages, chewing gums, as well as dairy products. ScanDroitin is a brand of food-grade products manufactured by the company. They adhere to GMP standards and are guaranteed high quality. The market is expected to be driven by favorable government regulations regarding the use of the product as an additive in food.

Regional Insights

North America was the dominant market, accounting for more than 35.0% of global revenue in 2020. The booming U.S. pharmaceutical industry and FDA approval of sodium chondroitin-infused products can explain the growth. The demand will be driven by factors such as high osteoarthritis prevalence and increased use of cholesterol treatment, cataract surgery, eye drops formulations, and the increasing use of eyedrop formulations.

Asia Pacific is expected to grow at the fastest rate, growing at 3.6% per year. This is due to rising awareness about dietary supplements and the high prevalence of osteoarthritis. Asia Pacific was the second largest regional market in 2020. This can be attributed to the growth of many end-use industries such as nutraceutical and pharmaceutical, personal care, cosmetics, and personal care. The industry's growth is expected to be supported by increased production in the region and greater exports from key countries like China and Japan.

Market Share Insights & Key Companies

Due to the large number of companies that are present in China, the chondroitin-sulfate market can be highly fragmented. The market has a high level of competition due to increased investments in R&D and product innovation. The high level of competition in the market for final product prices and the shift of manufacturers' focus to increased use of natural extracts indicates high levels of competitive rivalry. Manufacturers are now focusing on sustainable raw materials and efficient manufacturing processes. High-purity cartilage is being used to make the products. ZPD, for example, offers a variety of sodium-chondroitinsulfate components that can be used by pet food manufacturers. These are compliant with the requirements of different grades, which include 20%, 40% and 80% sodium chondroitinsulfate. The industry players invest in R&D to develop new products and reduce the operational costs of their products.

The majority of sodium chondroitin is supplied to pharmaceutical and nutraceutical companies by key manufacturers in developed countries like the U.S., France and Germany. This market has seen a significant increase in osteoarthritis, as well as the increased use of dietary supplements. The market leader in chondroitin-sulfate is:

  • TSI Group Ltd.

  • Qingdao Wan toulmin Biological Products Co. Ltd

  • BRF

  • HeBei SanXin Industrial Group

  • Bioiberica S.A.U.

  • Sigma-Aldrich, Inc.

  • Sino Siam Biotechnique Company Limited

  • Bio-gen Extracts Private Limited

  • ZPD

  • SEIKAGAKU CORPORATION

Up Market Research published a new report titled “Chondroitin Sulfate Market research report which is segmented by Application (Pharmaceuticals, Nutraceuticals, Personal Care & Cosmetics, Animal Feed), by Source (Poultry, Swine, Bovine), By Players/Companies TSI Group Ltd, Bioiberica SAU, Sigma-Aldrich Inc, Qingdao Wan toulmin Biological Products Co Ltd, Sino Siam Biotechnique Company Limited, Bio-gen Extracts Private Limited, SEIKAGAKU CORPORATION, BRF, ZPD, HeBei SanXin Industrial Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleChondroitin Sulfate Market Research Report
By ApplicationPharmaceuticals, Nutraceuticals, Personal Care & Cosmetics, Animal Feed
By SourcePoultry, Swine, Bovine
By CompaniesTSI Group Ltd, Bioiberica SAU, Sigma-Aldrich Inc, Qingdao Wan toulmin Biological Products Co Ltd, Sino Siam Biotechnique Company Limited, Bio-gen Extracts Private Limited, SEIKAGAKU CORPORATION, BRF, ZPD, HeBei SanXin Industrial Group
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages244
Number of Tables & Figures171
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Chondroitin Sulfate Industry Outlook

Global Chondroitin Sulfate Market Report Segments:

The market is segmented by Application (Pharmaceuticals, Nutraceuticals, Personal Care & Cosmetics, Animal Feed), by Source (Poultry, Swine, Bovine).

Chondroitin Sulfate Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Chondroitin Sulfate Market

Overview of the regional outlook of the Chondroitin Sulfate Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Chondroitin Sulfate Market Overview

Highlights of The Chondroitin Sulfate Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Chondroitin Sulfate Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Pharmaceuticals

                2. Nutraceuticals

                3. Personal Care & Cosmetics

                4. Animal Feed

        7. By Source:

                1. Poultry

                2. Swine

                3. Bovine

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Chondroitin Sulfate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Chondroitin Sulfate Market Trends

Reasons to Purchase the Chondroitin Sulfate Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chondroitin Sulfate Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Chondroitin Sulfate Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Chondroitin Sulfate Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Chondroitin Sulfate Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Chondroitin Sulfate Market Size & Forecast, 2018-2028 
      4.5.1 Chondroitin Sulfate Market Size and Y-o-Y Growth 
      4.5.2 Chondroitin Sulfate Market Absolute $ Opportunity 


Chapter 5 Global Chondroitin Sulfate Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Chondroitin Sulfate Market Size Forecast by Application
      5.2.1 Pharmaceuticals
      5.2.2 Nutraceuticals
      5.2.3 Personal Care & Cosmetics
      5.2.4 Animal Feed
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Chondroitin Sulfate Market Analysis and Forecast by Source
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Source
      6.1.2 Basis Point Share (BPS) Analysis by Source
      6.1.3 Absolute $ Opportunity Assessment by Source
   6.2 Chondroitin Sulfate Market Size Forecast by Source
      6.2.1 Poultry
      6.2.2 Swine
      6.2.3 Bovine
   6.3 Market Attractiveness Analysis by Source

Chapter 7 Global Chondroitin Sulfate Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Chondroitin Sulfate Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Chondroitin Sulfate Analysis and Forecast
   9.1 Introduction
   9.2 North America Chondroitin Sulfate Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Chondroitin Sulfate Market Size Forecast by Application
      9.6.1 Pharmaceuticals
      9.6.2 Nutraceuticals
      9.6.3 Personal Care & Cosmetics
      9.6.4 Animal Feed
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Chondroitin Sulfate Market Size Forecast by Source
      9.10.1 Poultry
      9.10.2 Swine
      9.10.3 Bovine
   9.11 Basis Point Share (BPS) Analysis by Source 
   9.12 Absolute $ Opportunity Assessment by Source 
   9.13 Market Attractiveness Analysis by Source

Chapter 10 Europe Chondroitin Sulfate Analysis and Forecast
   10.1 Introduction
   10.2 Europe Chondroitin Sulfate Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Chondroitin Sulfate Market Size Forecast by Application
      10.6.1 Pharmaceuticals
      10.6.2 Nutraceuticals
      10.6.3 Personal Care & Cosmetics
      10.6.4 Animal Feed
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Chondroitin Sulfate Market Size Forecast by Source
      10.10.1 Poultry
      10.10.2 Swine
      10.10.3 Bovine
   10.11 Basis Point Share (BPS) Analysis by Source 
   10.12 Absolute $ Opportunity Assessment by Source 
   10.13 Market Attractiveness Analysis by Source

Chapter 11 Asia Pacific Chondroitin Sulfate Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Chondroitin Sulfate Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Chondroitin Sulfate Market Size Forecast by Application
      11.6.1 Pharmaceuticals
      11.6.2 Nutraceuticals
      11.6.3 Personal Care & Cosmetics
      11.6.4 Animal Feed
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Chondroitin Sulfate Market Size Forecast by Source
      11.10.1 Poultry
      11.10.2 Swine
      11.10.3 Bovine
   11.11 Basis Point Share (BPS) Analysis by Source 
   11.12 Absolute $ Opportunity Assessment by Source 
   11.13 Market Attractiveness Analysis by Source

Chapter 12 Latin America Chondroitin Sulfate Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Chondroitin Sulfate Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Chondroitin Sulfate Market Size Forecast by Application
      12.6.1 Pharmaceuticals
      12.6.2 Nutraceuticals
      12.6.3 Personal Care & Cosmetics
      12.6.4 Animal Feed
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Chondroitin Sulfate Market Size Forecast by Source
      12.10.1 Poultry
      12.10.2 Swine
      12.10.3 Bovine
   12.11 Basis Point Share (BPS) Analysis by Source 
   12.12 Absolute $ Opportunity Assessment by Source 
   12.13 Market Attractiveness Analysis by Source

Chapter 13 Middle East & Africa (MEA) Chondroitin Sulfate Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Chondroitin Sulfate Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Chondroitin Sulfate Market Size Forecast by Application
      13.6.1 Pharmaceuticals
      13.6.2 Nutraceuticals
      13.6.3 Personal Care & Cosmetics
      13.6.4 Animal Feed
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Chondroitin Sulfate Market Size Forecast by Source
      13.10.1 Poultry
      13.10.2 Swine
      13.10.3 Bovine
   13.11 Basis Point Share (BPS) Analysis by Source 
   13.12 Absolute $ Opportunity Assessment by Source 
   13.13 Market Attractiveness Analysis by Source

Chapter 14 Competition Landscape 
   14.1 Chondroitin Sulfate Market: Competitive Dashboard
   14.2 Global Chondroitin Sulfate Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 TSI Group Ltd
      14.3.2 Bioiberica SAU
      14.3.3 Sigma-Aldrich Inc
      14.3.4 Qingdao Wan toulmin Biological Products Co Ltd
      14.3.5 Sino Siam Biotechnique Company Limited
      14.3.6 Bio-gen Extracts Private Limited
      14.3.7 SEIKAGAKU CORPORATION
      14.3.8 BRF
      14.3.9 ZPD
      14.3.10 HeBei SanXin Industrial Group
Segments Covered in the Report
The global Chondroitin Sulfate market has been segmented based on

By Application
  • Pharmaceuticals
  • Nutraceuticals
  • Personal Care & Cosmetics
  • Animal Feed
By Source
  • Poultry
  • Swine
  • Bovine
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • TSI Group Ltd
  • Bioiberica SAU
  • Sigma-Aldrich Inc
  • Qingdao Wan toulmin Biological Products Co Ltd
  • Sino Siam Biotechnique Company Limited
  • Bio-gen Extracts Private Limited
  • SEIKAGAKU CORPORATION
  • BRF
  • ZPD
  • HeBei SanXin Industrial Group

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