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The glucosamine market share is expected to increase by USD 244.19 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.75%.
This glucosamine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers glucosamine market segmentation by application (nutritional supplements, food and beverages, and dairy products) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The glucosamine market report also offers information on several market vendors, including Cargill Inc., 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 Chengyi Pharmaceutical Co., Ltd., Zhejiang Kangduoli Pharmaceutical Co. Ltd, and Cellmark AB among others.
Download Report Sample to Unlock the Glucosamine Market Size for the Forecast Period and Other Important Statistics
The increasing adoption of healthy eating habits is notably driving the glucosamine market growth, although factors such as stringent government regulations and guidelines may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glucosamine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Glucosamine Market Driver
Key Glucosamine Market Trend
Key Glucosamine Market Challenge
This glucosamine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global glucosamine market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the glucosamine market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the glucosamine market encompasses successful business strategies deployed by the key vendors. The glucosamine market is fragmented and the vendors are deploying growth strategies such as price, quality, technology, brand identity, and distribution to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The glucosamine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the glucosamine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the glucosamine market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The convenience factor, health benefits, and easy availability of different variants of glucosamine will facilitate the glucosamine market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had adversely impacted the regional market. However, owing to the introduction of vaccines to control the spread of COVID-19, the situation improved in 2021. Therefore, the glucosamine market in the region is expected to grow during the rest of the forecast period.
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The glucosamine market share growth in the nutritional supplements segment will be significant during the forecast period. Nutritional supplements are used for various purposes. They can be added to the diet to boost the overall health and energy, improve both the physical and mental performances of athletes, support the immune system, decrease the risks of illnesses and age-related conditions, and support the healing process. Thus, the ability of nutritional supplements to assist the body functions such as digestion is expected to drive market growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the glucosamine market size and actionable market insights on post COVID-19 impact on each segment.
Glucosamine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.75% |
Market growth 2022-2026 |
$ 244.19 million |
Market structure |
Fragmented |
YoY growth (%) |
4.67 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Cargill Inc., 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 Chengyi Pharmaceutical Co., Ltd., Zhejiang Kangduoli Pharmaceutical Co. Ltd, and Cellmark AB |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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. |
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