Glucosamine Market Share, Size, Trends, Industry Analysis Report, By Product (Glucosamine Sulfate, Glucosamine Hydrochloride, N-acetyl Glucosamine, Others), By Application (Supplement, Food & Beverages, Others), By Region, And Segment Forecasts, 2024 - 2032
- Published Date:Jan-2024
- Pages: 115
- Format: PDF
- Report ID: PM4268
- Base Year: 2023
- Historical Data: 2019 – 2022
Report Outlook
The global glucosamine market was valued at USD 901.62 million in 2023 and is expected to grow at a CAGR of 5.0% during the forecast period.
The growing prevalence of arthritis worldwide, combined with the increasing number of obese individuals, is set to drive the demand for this product in the foreseeable future. This product effectively alleviates joint pain, making it particularly appealing to the elderly demographic and contributing to its widespread utilization. Additionally, there is a significant surge in the pet food industry's interest in glucosamine as a key ingredient. Glucosamine is renowned for its potential advantages in enhancing joint health and mobility in animals, making it highly desirable for manufacturers of pet food products.
To Understand More About this Research: Request a Free Sample Report
Pets are now seen as essential family members, resulting in a rise in the level of care and treatment like that given to humans. This shift has led pet owners to invest more in high-quality pet food products that offer additional health benefits, such as glucosamine, to enhance their pets' overall well-being. Pet owners are becoming increasingly knowledgeable about their pets' nutritional needs, actively seeking pet food products that contain specific ingredients for health benefits. Glucosamine, being a recognized component for joint support, aligns with this consumer trend toward functional pet food.
The market research report offers an in-depth analysis of the industry to support informed decision-making. It offers a meticulous breakdown of various market niches and keeps readers updated on the latest industry developments. Along with tracking Glucosamine Market on the basis of SWOT and Porter’s Five Forces models, the research report includes graphs, tables, charts, and other pictorial representations to help readers understand the key insights and important data easily.
There is a growing trend in utilizing the product for dietary supplements, with a heightened emphasis on creating vegetarian glucosamine due to its safety for consumption in food and beverages. This focus is anticipated to drive industry expansion in the coming years. Additionally, these products find applications in therapeutic goods. The increasing popularity of sports and fitness activities has led to more individuals participating in physical exercise. Consequently, there is a greater occurrence of joint injuries, driving up the demand for supplements such as glucosamine to aid in recovery and maintain joint health.
For Specific Research Requirements, Request for a Customized Research Report
Growth Drivers
Increasing Aging Population
With the global population aging, there has been a rise in age-related joint problems like osteoarthritis. Glucosamine, widely used as a supplement to relieve joint pain and enhance joint health, is in high demand due to this trend. People are increasingly health-conscious, seeking natural remedies for various health issues. Glucosamine, being a naturally occurring substance in the body, is seen as a more natural alternative to conventional medications for joint health. Glucosamine supplements are easily obtainable in different forms such as capsules, tablets, and powders, sold in pharmacies, health food stores, and online outlets. The easy accessibility and availability in various formulations have significantly contributed to the market's growth.
Report Segmentation
The market is primarily segmented based on product, application, and region.
|
By Product |
By Application |
By Region |
|
|
|
To Understand the Scope of this Report: Speak to Analyst
By Application Analysis
Supplement Segment Held the Largest Share in 2023
Supplement segment dominated the market. These supplements were primarily derived from crustaceans like shrimp and crabs. However, due to a growing number of allergies related to crustaceans and an increasing vegan population, manufacturers have adapted by producing the product from fungi and various other plant sources. This shift accommodates the dietary preferences and health concerns of consumers, ensuring that the product remains accessible to a wider audience while addressing specific dietary restrictions and preferences.
Food & beverages segment will grow at rapid pace. This growth can be attributed to the rising demand for functional foods and beverages, which provide health benefits beyond essential nutrition. Consumers are increasingly interested in products that offer additional advantages for their well-being. In response to this trend, glucosamine has garnered significant attention as an ingredient in food and beverages designed to promote joint health. Its inclusion in these products aligns with the growing awareness among consumers about joint health and the proactive measures they can take to maintain it. By incorporating glucosamine into functional foods and beverages, manufacturers cater to the evolving preferences of health-conscious consumers, contributing to the segment's expected growth.
By Product Analysis
Glucosamine Sulfate Segment Accounted for the Largest Share in 2023
Glucosamine sulfate segment dominated the market. Among various forms of glucosamine, glucosamine sulfate has been widely utilized in dietary supplements & pharmaceuticals. It is a popular choice for individuals seeking joint health support and managing osteoarthritis symptoms. Extensively researched, glucosamine sulfate is recognized as effective forms of glucosamine for alleviating the joint pain.
Glucosamine hydrochloride will grow at rapid pace. Glucosamine hydrochloride, a compound commonly used in dietary supplements, plays a crucial role in supporting joint health. It is a natural substance present in the fluid surrounding joints and is vital for the formation and repair of cartilage, the flexible tissue that cushions joints. Many individuals rely on glucosamine hydrochloride supplements to manage osteoarthritis symptoms, a condition marked by cartilage breakdown in joints. The segment's growth is anticipated due to the increasing prevalence of osteoarthritis, driving the demand for these supplements.
Regional Insights
Asia Pacific Accounted for the Largest Share over the Forecast Period
With people becoming more health-conscious, there has been a notable uptick in the demand for dietary supplements that promote overall well-being. Glucosamine, recognized for its joint health benefits, has seen heightened demand within this context. As the awareness of joint health and related supplements continues to rise in the region, the market for dietary supplements, including glucosamine, has experienced substantial growth. This trend is driven by the region's large and health-conscious population, creating a favorable environment for the expansion of the dietary supplements market, particularly in the field of joint health.
Europe will grow at the rapid pace. The region has seen a rise in the prevalence of osteoarthritis and other joint disorders, conditions that necessitate effective solutions for managing joint-related symptoms. Glucosamine, a well-known dietary supplement, has gained substantial popularity. It is widely used to alleviate symptoms associated with joint pain and enhance overall joint health.
Due to its perceived effectiveness, individuals experiencing joint-related discomfort, including those with osteoarthritis, often turn to glucosamine supplements as a natural and accessible solution. The rising awareness of joint health issues, coupled with the aging population and the prevalence of joint disorders, has fueled the demand for glucosamine in the region, making it a significant contributor to the region's market share.
Key Market Players & Competitive Insights
The glucosamine market is characterized by its fragmentation, with many small-scale manufacturers and distributors serving different domestic markets. Several market participants are actively working to create glucosamine products tailored to consumer preferences, a trend anticipated to drive market growth.
Some of the major players operating in the global market include:
- Alfa Chemical Group
- Amway
- Cargill, Incorporated
- CELLMARK AB.
- Golden-Shell Pharmaceutical
- Koyo Chemical Industry Co., Ltd
- Laboratoires Expanscience
- Nutramax Laboratories Consumer Care, Inc.
- SimplySupplements
Recent Developments
- In October 2022, Akums Drugs & Pharmaceuticals Ltd has partnered with Microcore Research, the sole producer of Natural Eggshell Membrane (NESM), featuring innovative and patented technology. NESM is sourced organically from poultry eggs and naturally contains glucosamine and chondroitin, both of which promote joint health. It serves as a safe and effective solution for alleviating pain and stiffness linked to knee osteoarthritis.
- In July 2021, Nestle China introduced a line of health foods specifically crafted for seniors, marking their entry into the 'blue hat' certified category. This product range includes a milk powder infused with glucosamine, aiming to enhance bone density and address the mobility needs of elderly individuals.
- In August 2020, Jadran-galenski laboratorij unveiled a new dietary supplement called Onaceron Forte to fulfill the growing market demand for joint health products. This strategic move capitalizes on the benefits of essential ingredients such as glucosamine, chondroitin, vitamin C, and the exclusive component Mobilee.
Glucosamine Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2024 |
USD 944.90 million |
|
Revenue forecast in 2032 |
USD 1,398.71 million |
|
CAGR |
5.0% from 2024 – 2032 |
|
Base year |
2023 |
|
Historical data |
2019 – 2022 |
|
Forecast period |
2024 – 2032 |
|
Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
|
Segments covered |
By Product, By Application, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
Gain profound insights into the 2024. Glucosamine Market with meticulously compiled statistics on market share, size, and revenue growth rate by Polaris Market Research Industry Reports. This thorough analysis not only provides a glimpse into historical trends but also unfolds a roadmap with a market forecast extending to 2032. Immerse yourself in the comprehensive nature of this industry analysis through a complimentary PDF download of the sample report.
Browse Our Top Selling Reports
Field Programmable Gate Array (FPGA) Market Size, Share 2024 Research Report
Drylab Photo Printing Market Size, Share 2024 Research Report
Infectious Disease Diagnostics Market Size, Share 2024 Research Report
Dental Implants and Prosthetics Market Size, Share 2024 Research Report
Industrial Utility Communication Market Size, Share 2024 Research Report
FAQ's
key companies in glucosamine market are Alfa Chemical, Amway, Cargill, CELLMARK, Golden-Shell Pharmaceutical, Koyo Chemical
The global glucosamine market is expected to grow at a CAGR of 5.0% during the forecast period.
The glucosamine market report covering key segments are product, application, and region.
key driving factors in glucosamine market are Rising Awareness of Health and Wellness
The global glucosamine market size is expected to reach USD 1.39 billion by 2032
© 2024 Polaris Market Research and Consulting. All rights reserved
