Chondroitin Sulfate Market is projected to be valued close to US$ 1 Bn by the end of 2030 - PMR

Chondroitin Sulfate Market is projected to be valued close to US$ 1 Bn by the end of 2030 - PMR

PR Newswire

NEW YORK, Aug. 27, 2020

NEW YORK, Aug. 27, 2020 /PRNewswire/ -- Demand for chondroitin sulfate market is expected to increase in the near future at a higher rate from dietary supplement manufacturers, owing to increasing healthcare expenditure, ageing population, and higher emphasis of individuals toward preventive care and self-management by means of dietary supplements in order to maintain health and wellness. Furthermore, demand for chondroitin sulphate is increasing for use in joint health supplements.

Persistence Market Research Logo

The Global Chondroitin Sulfate Market Is Projected To Expand At A Cagr Of 3.4%, To Be Valued Close To Us$ 1 Bn By The End Of 2030.

Key Takeaways from Chondroitin Sulfate Market Study

Get PDF Brochure for Research Insights at:

"Even though the supplements market is witnessing strong demand due to the spread of COVID-19, manufacturing and supply chain disruptions will impede the growth of the chondroitin market in the near term," says a PMR analyst.

Clinical Studies on Chondroitin Sulfate Backing its Proven Capabilities

The presence of different pharmaceutical products for disease treatment has created a competitive market scenario for chondroitin sulfate. Several clinical studies are going on for the identification of the effectiveness of chondroitin sulfate over existing products, as well as for different indications.  The prevalence of osteoarthritis is increasing, and it is a major cause of disability, especially among the ageing population.

Women are more likely to be affected than men, and the prevalence rate increases with age. This rising prevalence is expected to boost the demand for chondroitin sulfate among pharmaceutical and nutraceutical manufacturers. On the other hand, the demand for chondroitin sulfate is remaining bullish in various other applications, reveals this PMR research study.

Need more information about Report Methodology? Ask here:

Manufacturers Focusing on New Product Launches

Demand for chondroitin sulfate continues to rise and the number of new entrants in this market is also increasing with growing production clusters in China. Hence, established players in the market are facing tough competition from new players. The study indicates that more than 20% market share is held by multinational players in the market.

Rising demand for chondroitin sulfate and increasing number of new market players are hindering the market growth of top business ventures in the chondroitin sulfate market. According to the study, the progressive prospect for top players in the market is to launch new products across various end uses. This will help companies expand their business operations and market share, as well as create a strong global footprint in the global chondroitin sulfate market.

Request For Full Report Access:

Explore More Valuable Insights on Chondroitin Sulfate Market

Persistence Market Research, in its new report, offers an impartial analysis of the global chondroitin sulfate market, presenting historical data (2015-2019) and estimation statistics for the period of 2020-2030. The study offers compelling insights on the chondroitin sulfate market based on source (bovine, porcine, poultry, fish, sharks, and crocodiles, and others), form (powder, tablets, and capsules), end use (cosmetics & personal care, pharmaceuticals and nutraceuticals, aqua feed, and pet food and veterinary supplements), and distribution channel (drug stores and pharmacies, e-Commerce channels, and other sales channels), across five major regions.

About Food & Beverage Division at Persistence Market Research

The Food and Beverages team at Persistence Market Research (PMR) provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

Browse Research Release at @

Browse More:  Food Innovation

Popular Research Reports by PMR:

Persistence Market Research Overview:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
United States
USA - Canada Toll-Free: 800-961-0353
Web Site: 
Recent Development in top 25 sectors: 
Content Source:


Voltar noticias em Inglês