Acetylglucosamine Market: Introduction
The latest research report published by Transparency Market Research onthe global market for acetylglucosamine such as Europe, North America, LatinAmerica, Oceania, East Asia, South Asia, Middle East, and Africa industryanalysis and growth opportunity assessment for 2021-2031. Europe holds theleading share of 34.6% of the acetylglucosamine market, which is estimated to valueUS$ 155.6 Mn in 2021, and expand at a CAGRof 6.1% to reach US$ 281.5 Mn by 2031.
Several Health Benefits Associated withAcetylglucosamine Supporting Market Growth
Glucosamine is not commonly found in foods, but it is often sold as asupplement in powder, tablets, and other forms. Acetylglucosamine is obtainedfrom the shells of shellfish or produced artificially. Acetylglucosaminesupplements offer health benefits for joint pain such as arthritis,inflammatory bowel disease, joint damage, urogenital tract infection, perianaldisease, respiratory tract disease, and sexual disorder.
With increasing health disorders, consumers are inclined towardhealth-beneficial food & supplements, which can help to prevent disordersand health-related issues.
According to recent medical studies, it is proved that glucosamine helpsreduce joint pain, especially among people with osteoarthritis. In fact, thescientific support for glucosamine is so strong that the compound is availableas a medicinal substance. The health-beneficial properties of acetylglucosamineare expected to benefit the growth of the global acetylglucosamine market.
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Increased Consumption of Dietary Supplements inEmerging Countries to Drive Acetylglucosamine Market
From the past few years, emerging countries are witnessing a majoreconomic change. Increasing consumer awareness regarding health consciousnessand healthy diet are leading to high consumption of dietary supplements.Developing countries such as China, India, South Korea, and Indonesia arewitnessing high growth in the consumption of dietary supplements.
Major multinational brands are focusing to offer quality products to theemerging economies, which has increased the availability of different types ofsupplements products for immune health. The rising consumer purchasing powercombined with the accessibility of different brands is developing a bettermarket scenario for dietary supplement manufacturers in these countries.Moreover, increasing Internet sales of supplements is contributing toward thegrowth of the acetylglucosamine market in these countries.
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Focus of Manufacturers on Expansion, Innovation ofAcetylglucosamine Supplements to Propel Growth
Innovation has been a significant part of the nutraceutical industry andhas helped in the expansion of business opportunities for manufacturers. Newproduct development with several health benefits is also impacting customers totry new supplements. Producers are offering acetylglucosamine supplements inmultiple forms and flavors to attract consumers who are demanding nutritionwithout compromising on taste.
The growing prevalence of obesity has propelled manufacturers toinnovate for more effective health supplements. Expanding technologicalplatforms and increased research for health beneficial supplements are expectedto fuel the growth of the global acetylglucosamine market.
Increased Demand from Pharmaceutical Industry toOffer Sales Opportunities for Acetylglucosamine Market
Multiple health benefits associated with acetyl glucosamine, which haveattracted players operating in the pharmaceutical as well as nutraceuticalindustries. Acetyl glucosamine is a part of complex glycosaminoglycan, which isfound in cell walls of fungi and bacteria. It helps to treat and preventdifferent disorders such as multiple sclerosis, joint pain, gut lining,connective tissue disorders, inflammatory bowel disease, and otherhealth-related disorders. The regular consumption of acetylglucosamine as asupplement helps to prevent diseases and disorders.
With health-beneficial properties, acetylglucosamine is widely used totreat multiple diseases, which is expected to propel the use of acetylglucosamine in the pharmaceutical industry in the near future.
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