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The glucosamine market size is forecast to increase by USD 338.4 million and is estimated to grow at a CAGR of 7.05% between 2023 and 2028. In today's health-conscious world, the demand for plant-based nutrition is on the rise. With an increasing number of consumers adopting healthy eating habits, the vegan market is experiencing significant growth. This trend is driven by several factors, including consumer awareness regarding the benefits of plant-based diets for joint and bone health. Veganism is no longer a fad but a lifestyle choice for many, leading to a surge in demand for vegan food products. Companies specializing in vegan food and nutrition are responding to this demand by offering a wide range of innovative and delicious plant-based options, ensuring that consumers can maintain their health goals while enjoying their meals. These offerings cater to various dietary needs, making veganism an accessible and viable option for a diverse population.
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The market is witnessing significant growth due to the increasing prevalence of arthritis and joint pain, particularly in the geriatric population and obese individuals. Glucosamine is a naturally occurring compound found in the fluid around joints and is essential for maintaining joint health. It is available in various forms, including powder, capsules, liquids, topical, and intramuscular. Glucosamine is widely used in the nutritional supplements industry for human health and in pet food for performance supplements. The pet food industry is a major contributor to the market growth due to the rising awareness of pet health and the increasing trend of pet humanization. Glucosamine hydrochloride and N-acetyl Glucosamine are the most commonly used forms of Glucosamine. Fermented plant-based sources are gaining popularity as a sustainable alternative to animal-derived Glucosamine. The market landscape depends on the Fermented plant-based source, Premium pet food products, Glucosamine Sulfate Sodium Chloride, Capsule, Liquid, bone, and joint conditions. The market is also witnessing the introduction of innovative products such as Noochies Sprinkles, which offer convenience and ease of consumption. The market is expected to grow further due to the increasing demand for natural food and beverage ingredients and the rising trend of a healthy lifestyle. Other complementary ingredients such as collagen peptides, hyaluronic acid, vitamins, and traditional herbs are also used in combination with Glucosamine to enhance its effectiveness. Glucosamine is also used in the pharmaceutical industry as a prescription drug for the treatment of osteoarthritis and osteoporosis. The market is expected to continue its growth trajectory due to the increasing awareness of joint health and the rising demand for natural alternatives to prescription drugs. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing adoption of healthy eating habits is notably driving market growth. Glucosamine, a naturally occurring amino sugar, plays a vital role in the production and maintenance of cartilage and other connective tissues in the body. It is a popular nutritional supplement, particularly for individuals following a vegan or vegetarian diet as it is often sourced from shellfish or produced through a fermentation process.
Moreover, consumers are increasingly seeking glucosamine supplements as part of their balanced diet and healthy lifestyle, which can help alleviate symptoms of age-related bone diseases, osteoarthritis, and joint pain. Hospitals, retail pharmacies, and online pharmacies offer various glucosamine formulas, including those that are vegan-friendly. Thus, such factors are driving the growth of the market during the forecast period.
An increase in the elderly population is the key trend in the market. The global population is undergoing demographic shifts, with an aging trend that is prevalent in both developed and underdeveloped countries. According to The World Bank Group, the geriatric population rate is projected to increase by 250% in underdeveloped countries compared to a 71% increase in developed countries between 2010 and 2050.
Moreover, this demographic shift is expected to result in a significant increase in the number of individuals aged 80 and above, which is projected to triple from 143 million in 2020 to 426 million globally in 2050. In today's fast-paced world, individuals are exposed to various toxins and stressors, increasing the risks of chronic diseases such as heart attack, stroke, high blood pressure, infertility, and compromised immune systems. Thus, such trends will shape the growth of the market during the forecast period.
Stringent government regulations and guidelines are the major challenge that affects the growth of the market. In the realm of pharmacy, glucosamine, a naturally occurring compound found in the body, has gained significant attention as a dietary supplement for maintaining healthy cartilage, bones, and joints. This essential nutrient is available in various forms, including Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy.
Moreover, for individuals adhering to a Vegan diet or following a Vegetarian-friendly formula, there are glucosamine supplements derived from the fermentation process, free from shellfish sources. Clinical trials have shown that glucosamine plays a crucial role in the production of glycosaminoglycan, a key component of cartilage. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Cargill Inc: The company offers Glucosamine that includes Chondroitin Complex with Herbal Extract which is a form of glucosamine sulfate and chondroitin available in the form of tablets.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The nutritional supplements segment is estimated to witness significant growth during the forecast period. The market is primarily driven by the increasing prevalence of arthritis, particularly in the geriatric and obese populations. Glucosamine, a naturally occurring compound, is widely used as a dietary supplement and food ingredient to address joint pain and osteoarthritis. In the pet food industry, glucosamine is used as a performance supplement for pets with joint problems.
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The nutritional supplements segment was the largest segment and was valued at USD 640.50 million in 2018. Glucosamine is derived from various sources, including crustaceans, fungi, and fermented plant-based sources. The market includes various forms of glucosamine, such as capsules, tablets, powders, and topical, intramuscular, oral, and prescription drug forms. N-acetyl glucosamine is a popular form of glucosamine used in the treatment of rheumatoid arthritis, asthma, diabetes, high cholesterol, and inflammatory bowel disease. Hence, such factors are fuelling the growth of this segment during the forecast period.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Glucosamine is a popular dietary supplement, primarily used to address joint pain and inflammation, particularly in individuals with arthritis or joint injuries. The obese population and geriatric demographic are significant consumer groups due to their higher susceptibility to joint problems. In the pet food industry, glucosamine is used as a food ingredient to enhance pet performance supplements. Glucosamine can be derived from various sources, including crustaceans, fungi, and fermented plant-based sources. Glucosamine sulfate and glucosamine hydrochloride are the most common forms, available in various dosage forms like capsules, tablets, powders, and even topical applications. Hence, such factors are driving the market in North America during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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Glucosamine is a naturally occurring compound found in the body that plays a crucial role in the production and maintenance of cartilage, which protects and cushions joints. The market has experienced significant growth due to the increasing prevalence of arthritis and joint pain, particularly among the obese population and geriatric population. The pet food industry has also contributed to the market's growth as pet performance supplements that contain glucosamine have gained popularity. Glucosamine is derived from various sources such as crustaceans, fungi, and fermented plant-based sources. The most common forms of glucosamine used in therapeutic goods are glucosamine sulfate and glucosamine hydrochloride. Glucosamine is available in various forms, including capsules, tablets, powders, and topical applications. The dietary supplement segment dominates the market due to its wide usage as a natural remedy for joint problems.
Moreover, glucosamine is used to treat osteoarthritis, rheumatoid arthritis, asthma, diabetes, high cholesterol, inflammatory bowel disease, and joint injuries. Glucosamine sulfate and N-acetyl Glucosamine are the most commonly used forms for therapeutic purposes. The market is expected to continue growing due to the increasing nutritional requirements for joint health and the availability of various forms of glucosamine, including vegetarian glucosamine. The market is also expected to be driven by the increasing demand for natural remedies and the availability of various forms of glucosamine, including capsules, tablets, powders, liquids, topical applications, and intramuscular and oral forms. In conclusion, the market is expected to continue growing due to the increasing prevalence of joint problems, particularly among the obese and geriatric population, and the availability of various forms of glucosamine for therapeutic and nutritional purposes. The market is expected to be driven by the increasing demand for natural remedies and the availability of various forms of glucosamine, including vegetarian glucosamine, capsules, tablets, powders, liquids, topical applications, and intramuscular and oral forms.
Market Scope |
|
Report Coverage |
Details |
Page number |
134 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.05% |
Market Growth 2024-2028 |
USD 338.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.66 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, China, Germany, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Cargill Inc., Cellmark AB, Ethical Naturals Inc., Foodchem International Corp., GoldenShell Pharmaceutical, Jiaxing Hengjie Biopharmaceutical Co., Ltd., KOYO CHEMICAL CO., LTD., NOW Health Group Inc., NutraLife, Panvo Organics Pvt. Ltd., Reckitt Benckiser Group Plc, STELLAR BIOSOL, TSI Group Ltd., Viatris Inc., Wellable Marine Biotech Holding Ltd, Yang Zhou Rixing Biotech Co Ltd, Yantai Dongcheng Pharmaceutical Group Co. Ltd, Zhejiang Aoxing Biotechnology Co. LTD., Zhejiang Kangduoli Pharmaceutical Co. Ltd, and Zhejiang Chengyi Pharmaceutical Co., Ltd |
Market dynamics |
Parent market analysis, market report, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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