Glucosamine Market by Application and Geography - Forecast and Analysis 2022-2026

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.

What will the Glucosamine Market Size be During the Forecast Period?

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Glucosamine Market: Key Drivers, Trends, and Challenges

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

• The increasing adoption of healthy eating habits is one of the key drivers supporting the glucosamine market growth.
• Consumers are gradually changing their eating habits and adopting healthy and active lifestyles. They are opting for healthy eating habits, such as the consumption of unprocessed and whole-grain foods, including glucosamine products and the inclusion of a diet with varied and balanced nutrition. 
• People have realized the importance of a balanced diet, exercise, and regular physical activities. Healthy nutritional diets, including glucosamine products, have been linked with emotional, physical, and cognitive health. 
• Lack of proper nutrition can lead to poor health and diseases such as coronary heart disease, strokes, and others. For instance, nutritional anaemia leads to low red blood cell count, low haemoglobin in the red blood cells, and improper functioning of red blood cells due to poor diet. 
• Nutritional deficiencies occur when the body does not absorb the necessary nutrients from food and can lead to health problems such as skin disorders, digestion problems, defective bone growth, and dementia. Hence, to overcome such diseases, the demand for glucosamine is increasing in addition to growing awareness among people.

Key Glucosamine Market Trend

• An increase in the elderly population is one of the key glucosamine market trends contributing to the market growth.
• The global population is ageing, and virtually every country in the world is experiencing growth in the number and proportion of older persons in their population.
• According to The World Bank Group, between 2010 and 2050, the geriatric population rate is expected to increase by 250% in underdeveloped countries when compared with that in developed countries, which is expected to have a 71% increase. 
• In this highly populated and extremely competitive world, people are exposed to thousands of toxins in everyday life, be it at home or work, which, in turn, will raise the risks of heart attack, stroke, and others. Therefore, people are adopting a healthy diet in their routine, which, in turn, is driving the glucosamine market.

Key Glucosamine Market Challenge

• Stringent government regulations and guidelines are one of the key factors hampering the glucosamine market growth.
• The vendors in the global glucosamine market are required to comply with stringent rules and regulations imposed by various authorities. These regulations pertain to permits, new entrants, residual management issues, and the expiry dates of glucosamine.
• The FDA plays an important role in regulating the manufacturing and distribution of glucosamine. It has placed strict regulations on the type of glucosamine that can be introduced in the market and how various ingredients should be mentioned on the labels of these supplements. 
• Complying with the regulations is an uphill task for vendors, which is, thereby hindering the entry of new players and creating roadblocks for new product innovations in the market. 

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.

Parent Market Analysis

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.

Who are the Major Glucosamine Market Vendors?

The report analyzes the market’s competitive landscape and 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
• Cellmark AB

 

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.

Product Insights and News

• cargill.com - 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.
• ethicalnaturals.com - The company offers Glucosamine that includes N-Acetyl-D-Glucosamine which is used to make other chemicals that build tendons, ligaments, cartilage, and the fluid that surrounds joints and increase the cartilage and fluid around joints and/or help prevent their breakdown.

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.

Glucosamine Market Value Chain Analysis

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.

Which are the Key Regions for Glucosamine Market?

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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.

What are the Revenue-generating Application Segments in the Glucosamine Market?

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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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What are the Key Data Covered in this Glucosamine Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive glucosamine market growth during the next five years
• Precise estimation of the glucosamine market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the glucosamine industry across North America, Europe, APAC, South America, and Middle East and Africa
• 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 market vendors

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