Global Chondroitin Sulfate Market: Industry Rising Trends, Analysis and Demands 2022 to 2027
Chondroitin sulfate likewise called as glycosaminoglycan sulfated glucose (GAG). Chondroitin sulfate is made out of lengthy chain of substituting sugars including N-acetylga-lactosamine and glucuronic corrosive. This substance compound is a fundamental part of the extracellular framework made of numerous connective tissues, including bone, ligament, ligaments and tendons.
ChemIntel360’s global Chondroitin Sulfate market study is a 130+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from an applications perspective. The industry is expected to grow at a CAGR of 3.1% mainly due to increasing consumption of the chemical for the manufacture of joint pain as well as inflammation medication during the forecast period.
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Chondroitin sulfate is industrially created from different creature sources comprising pig, chicken, ox-like, fish, shark, crocodiles and different creatures. Chondroitin sulfate is suggested as a helpful mediation in complex treatment of Osteoarthritis the board. It has shown positive results in osteoarthritis of the finger, knee, hip joints, low back, facial joints and different sicknesses as it has mitigating properties and helps by offering protection from pressure, diminishes torment in sensitive muscles and keeping up with the underlying respectability.
Scope
This study contains global and regional market size data. The numbers are broken down by application (Nutraceuticals, Pharmaceuticals, Animal Feed, Personal Care and Cosmetics, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Chondroitin Sulfate market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$1.16 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Key Companies
Some prominent players in the chondroitin sulfate market include TSI Group Ltd., Qingdao Wan toulmin Biological Products Co. Ltd, BRF, HeBei SanXin Industrial Group, Bioiberica S.A.U., Sigma-Aldrich, Inc., Sino Siam Biotechnique Company Limited, Bio-gen Extracts Private Limited, ZPD, SEIKAGAKU CORPORATION
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