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Glucosamine Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2019
  • Pages: 145
  • SKU: IRTNTR40086
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The global glucosamine market size has the potential to grow by USD 229.19 million during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by application (arthritis and other applications) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Blackmores Ltd., Cargill Inc., Ethical Naturals Inc., GNC Holdings Inc., Herbs Nutriproducts Pvt. Ltd., Jyorana International Pvt. Ltd., Natures Aid Ltd., NOW Health Group Inc., Pharma Nord Aps, and WynnPharm Inc.

Market Overview

Glucosamine-Market-Size

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Market Competitive Analysis

The glucosamine market is fragmented, and the degree of fragmentation will increase over the forecast period. The market landscape is offering lucrative business opportunities to new entrants owing to the growing preference for plant-based glucosamine dietary supplements to treat chronic bone-related conditions. Furthermore, vendors are focusing on inorganic growth strategies such as mergers and acquisitions, sponsorships, collaborations, and partnerships to improve their market foothold across geographies. Natures Aid Ltd., NOW Health Group Inc., Pharma Nord Aps, and WynnPharm Inc. are a few of the significant market participants.

The use of combination therapy will offer immense business opportunities over the forecast period. However, the wide availability of substitutes will challenge the growth of the vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this glucosamine market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. This glucosamine market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading glucosamine companies, including:

  • Blackmores Ltd.
  • Cargill Inc.
  • Ethical Naturals Inc.
  • GNC Holdings Inc.
  • Herbs Nutriproducts Pvt. Ltd.
  • Jyorana International Pvt. Ltd.
  • Natures Aid Ltd.
  • NOW Health Group Inc.
  • Pharma Nord Aps
  • WynnPharm Inc.    

Glucosamine Market: Segmentation by Region

Glucosamine-Market-Share-by-Region

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North America was the largest market for glucosamine in 2019 and the region will offer several growth opportunities to market vendors during the forecast period. The rising sales of over-the-counter (OTC) glucosamine products to manage pain associated with various joint-related indications, such as osteoarthritis, is fueling the growth of glucosamine market size in North America.

Almost 44% of the overall market growth will originate from North America during the forecast period. The growing geriatric population in the region is contributing to the rising incidence rate of osteoarthritis. Although the FDA does not approve glucosamine as a therapeutic drug for joint pain, its pain-relieving properties, along with its nutritional content, are helping vendors make significant sales. As a result, the glucosamine market in North America will record significant growth over the forecast period. The US is one of the critical markets for glucosamine in the region. Market growth in this region will be faster than the growth of the market in Europe and ROW over the forecast period.

Glucosamine Market: Segmentation by Application

Glucosamine-Market-Share-by-Application

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The rising transition to nutraceuticals and dietary supplements, such as glucosamine, for the symptomatic treatment of joint-related conditions, is significantly contributing to the growth of the glucosamine market growth in the arthritis segment. The shift in treatment preference is attributed to reduced patient compliance because of the adverse effects of invasive surgeries and drug therapeutics. As a result, the market has many types of glucosamine products available for the treatment of joint-related conditions such as arthritis.

Therefore, the glucosamine market size will increase steadily in the arthritis segment during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the glucosamine market size.

Glucosamine Market: Key Drivers and Trends

Chronic conditions such as osteoarthritis do not respond to a monotherapy drug or a single treatment type. As a result, combination therapy has gained importance in treating such conditions. Combination therapies involving nutraceutical supplements, such as glucosamine, have been proven to be more effective. A combination of drugs and glucosamine products can be administered in optimal doses without the patient developing any intolerable side-effects. Capitalizing on the market growth opportunities, because of the beneficial factors of glucosamine, established and new vendors have started introducing a wide range of combinations of glucosamine products.

  • The growing use of nutraceuticals in treating chronic diseases is one of the significant glucosamine market trends.
  • Apart from effectively treating orthopedic conditions in combination therapy, glucosamine is also used to manage conditions such as interstitial cystitis, multiple sclerosis, and others.
  • The fewer side-effects of glucosamine while managing various chronic conditions are increasing the demand for the supplement.
  • Vendors are focusing on making non-animal-derived glucosamine to cater to individuals who are allergic to crustaceans and follow a kosher diet.
  • Vendors are taking drastic measures to offer products that adhere to spiritual practices such as Halal, which will help them increase their customer base to a large extent.
  • The glucosamine market will register a CAGR of over 6% during 2020-2024.

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Glucosamine Market: Key Highlights of the Report for the Forecast Period 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will accelerate the growth of the glucosamine market during the next five years
  • Precise estimation of the global glucosamine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the glucosamine industry in Asia, Europe, North America, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of glucosamine vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Arthritis - Market size and forecast 2019-2024
  • Other applications - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing use of nutraceuticals in treating chronic diseases
  • Shift toward production of glucosamine from vegetarian sources
  • Increasing research funding in the field of nutraceuticals

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Blackmores Ltd.
  • Cargill Inc.
  • Ethical Naturals Inc.
  • GNC Holdings Inc.
  • Herbs Nutriproducts Pvt. Ltd.
  • Jyorana International Pvt. Ltd.
  • Natures Aid Ltd.
  • NOW Health Group Inc.
  • Pharma Nord Aps
  • WynnPharm Inc.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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