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Glucosamine Supplements Market - Forecast(2024 - 2030)
Glucosamine Supplements Market Overview
The market size of Glucosamine Supplements Market is projected to be around USD 4.08 billion in 2023, with expectations to reach USD 5.62 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.60% over the forecast period 2024-2030. The escalating prevalence of joint-related ailments, particularly osteoarthritis, parallels the global rise in the aging population. As individuals seek effective means to uphold joint health and alleviate associated symptoms, the demand for glucosamine supplements is witnessing a notable surge. Renowned for their potential benefits in managing joint pain and stiffness, especially in the context of aging and osteoarthritis, glucosamine supplements have become increasingly sought after. This growing inclination towards glucosamine is indicative of a broader trend in which consumers prioritize proactive measures to maintain overall well-being and quality of life, particularly in the face of age-related health concerns. As consumer awareness regarding health and wellness continues to ascend, there is a noticeable shift towards natural remedies and dietary supplements. Glucosamine, in particular, has garnered significant attention as a natural alternative to traditional pharmaceutical drugs for promoting joint health. This trend is underpinned by the perception that natural supplements offer gentler and safer solutions, aligning with the preferences of health-conscious individuals seeking holistic approaches to wellness. Consequently, there has been a marked increase in demand for glucosamine supplements sourced from natural origins like shellfish or plants, as well as those bearing organic or non-GMO certifications.
Market Snapshot:
Glucosamine Supplements Market - Report Coverage:
The report: “Glucosamine Supplements Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Barium Sulphate Industry. Market.
By Presentation: Liquids, Capsules, Tablets, Powder, etc.
By Application: Food and Beverages, Medicines, Protein Supplements and Powders, Dairy Products, Cosmetics, etc.
By Forms: Glucosamine sulfate, Glucosamine HCL, N-acetyl glucosamine
By Distributional Channel: Hospitals, Local medical stores, Drug stores, retail Pharmacies, Online
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (the Middle East and Africa).
Key Takeaways
• Geographically, the North America Glucosamine Supplements Market accounted for the highest revenue share in 2023. However, the Asia-Pacific is poised to dominate the market over the period 2024-2030 owing to the escalation in osteoporosis cases and overall healthcare expenditure.
• The enlargement in ailments associated with bone junctions with age is driving the Glucosamine Supplements Market. However, inattentiveness among a major faction of the population regarding glucosamine supplements and pros linked with them is one of the major factors that are said to reduce the growth of the Glucosamine Supplements Market.
• Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Glucosamine Supplements Market report.
Glucosamine Supplements Market Segment Analysis-By Application
The Glucosamine Supplements Market based on the application type can be further segmented into Food and Beverages, Medicines (= Osteoporosis medications, Arthritis medications), Protein Supplements and Powders, Dairy Products, Cosmetics, etc. The Protein supplements segment held the largest share owing to the factors such as intensifying health cognizance among people as chronic illnesses are broadening day after day, accruing gym, and exercising trends around the globe. In addition to that, the protein supplements and beverages segment is estimated to be the fastest-growing segment with a CAGR of 50% over the period 2023-2024. This growth is owing to sheer amelioration in overall and old age population, heightening vegan population, wide-reaching furtherance of veganism attributing to campaigns run by preeminent organizations such as PETA, animal ethics, and Animal defenders international. Interestingly, 39% of the Americans, who are not vegan are actively trying to incorporate plant-based foods into their diets. On the other hand, acquiring the power of people is elevating, and casting votes in favor of the optimistic future of Glucosamine supplements and beverages.
Glucosamine Supplements Market Segment Analysis-By Form
The Glucosamine Supplements Market based on the form type can be further segmented into Glucosamine sulfate, Glucosamine HCL, N-acetyl glucosamine. The Glucosamine HCL (=Hydroxy chloride) segment held the largest share in 2023 owing to the factors such as wide-ranging usage of glucosamine HCl in treating an array of illnesses and disorders such as temporomandibular, glaucoma, rheumatoid arthritis, Kashin-back sicknesses such as back or knee pain and other joint disarrays such as osteoarthritis. Rheumatoid arthritis has taken a hold of around 1.5 million Americans.
Moreover, Glucosamine HCL (=Hydroxy chloride) is estimated to be the fastest-growing segment with a CAGR of 4.9% over the forecast period 2024-2030. This growth is owing to various factors such as persuasiveness in addressing such maladies, presence of slight sodium in doses of glucosamine HCL, high fittingness for people inflicted with high cholesterol complications, ascension in cases of joint perishment along with age.
Glucosamine Supplements Market Segment Analysis-By Geography
The Glucosamine Supplements based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest share with 40% of the overall market in 2023. The growth in this segment is owing to the factors such as accruing elderly population shooting up the frequency of occurrence of numerous complications such as joint disorders, glaucoma, rheumatoid arthritis, Kashin-back, and many more, superior healthcare infrastructure and across the board presence of various distribution channels. However, Asia-pacific is estimated to be the fastest-growing segment over the forecast period 2024-2030. This growth is owing to various factors such as proliferating population, prospering economies of Asian nations ensuing more financing from governments to refine healthcare infrastructure in their respective countries. Such as Indian Healthcare saw a ready move by the Central Government when they saw a 137% increment for healthcare development and enhancement.
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Glucosamine Supplements Market Drivers
Increasing chronic maladies ascribing to lengthening elderly population is Projected to Drive Market Growth.
The elderly population is lengthening rapidly around the globe. According to a report the percentage of old age, people have elevated from 8.5% to 10% within the last 10 years and is estimated to touch 13-14% in the upcoming future. Now maladies like temporomandibular Kashin-back sicknesses (back or knee pain) and other joint disarrays such as osteoarthritis get intensify with growing age therefore the demand for glucosamine associated procedures and supplements getting broader day after day.
High effectiveness of glucosamine is Expected to Boost Product Demand.
One of the prime advantages of using glucosamine supplements is their effectiveness in curing various ailments. Glucosamine HCl is used excessively in treating an array of illnesses ranging from glaucoma to rheumatoid arthritis. Other benefits of using such supplements are wide-ranging suitability for patients inflicted with problems of high cholesterol levels. Nearly 94 million adults within the USA have their cholesterol higher than 200mg/dl. Besides curing disease glucosamine is broadly used in the fabrication of protein supplements, powder, and beverages and general demand for these supplements is elevating as people are becoming more health-conscious.
Glucosamine Supplements Market Challenges
A dearth in cognizance and expensive supplements is Anticipated to Hamper Market Growth.
There is no doubt that overall health cognizance of people has increased in last few years. People’s perception has changed from treatment to preclusion of diseases. But one factor that can encumber the progress of the respective market is the dearth of consciousness among people regarding the benefits of glucosamine. Still, maximum people are inattentive toward the presence of such supplements and measures that can dispense them relief from sicknesses. On another hand, the affordability of these supplements is limited to a certain faction of society attributing to their high prices.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the 3D Projector market. The key players in the Glucosamine Supplements market include Panvo Organics, Foodchem International, Natrol, Mylan, Schiff, GTC Union Group, Glanbia, Blackmores, NOW Health Group, Teva - diverse companies in the pharmaceutical and nutritional industries. among others
Developments:
In 2022, Nestle China launched its first set of ‘blue-hat’ certified health foods for seniors – a milk powder containing glucosamine and a probiotic protein powder. This results in expanding the product portfolio of the company.
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1. Glucosamine Supplements Market Overview
1.1 Definitions and Scope
2. Glucosamine Supplements Market- Executive Summary
3. Glucosamine Supplements Market– Market Landscape
3.1 Company Benchmarking- Key Companies
3.2 Key Company Financial Analysis
3.3 Market Share Analysis
3.4 Patent Analysis
3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Glucosamine Supplements Market– Startup Company Scenario (Premium)
4.1 Investment
4.2 Revenue
4.3 Venture Capital and Funding Scenario
5. Glucosamine Supplements Market– Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Scenario
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Glucosamine Supplements Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Glucosamine Supplements Market– By Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle Analysis
8. Glucosamine Supplements Market- By Presentation (Market Size –$Million/$Billion)
8.1 Liquids
8.2 Capsules
8.3 Tablets
8.4 Powder
9. Glucosamine Supplements Market- By Application (Market Size –$Million/$Billion)
9.1 Food and Beverages
9.2 Medicines (= Osteoporosis medications, Arthritis medications)
9.3 Protein Supplements and Powders
9.4 Dairy Products
9.5 Cosmetics
10. Glucosamine Supplements Market– Forms (Market Size –$Million/$Billion)
10.1 Glucosamine sulfate
10.2 Glucosamine HCL
10.3 N-acetyl glucosamine
11. Glucosamine Supplements Market– Distributional Channel (Market Size –$Million/$Billion)
11.1 Hospitals
11.2 Local medical stores
11.3 Drug stores
11.4 Retail Pharmacies
11.5 Online
12. Glucosamine Supplements Market- By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 U.K.
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 India
12.3.3 Japan
12.3.4 South Korea
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Rest of South America
12.5 Rest of World
12.5.1 Middle East
12.5.2 Africa
13. Glucosamine Supplements Market- Market Entropy
13.1 New product launches
13.2 M&A's, collaborations, JVs, and partnerships
14. Glucosamine Supplements Market– Industry Competition Landscape (Premium)
14.1 Market Share Analysis
14.1.1 Global Market Share – Key Companies
14.1.2 Market Share by Region – Key Companies
14.1.3 Market Share by Countries – Key Companies
14.2 Competition Matrix
14.3 Best Practices for Companies
15. Glucosamine Supplements Market– Key Company List by Country Premium (Premium)
16. Glucosamine Supplements Market- Company Analysis
16.1 Panvo Organics
16.2 Foodchem International
16.3 Natrol
16.4 Mylan
16.5 Schiff
16.6 GTC Union Group
16.7 Glanbia
16.8 Blackmores
16.9 NOW Health Group
16.10 Teva - diverse
"*Financials would be provided on a best-efforts basis for private companies"
LIST OF TABLES
1.Global Global Glucosamine Supplement Market, By Dosage Form Market 2019-2024 ($M)1.1 Pill Market 2019-2024 ($M) - Global Industry Research
1.2 Capsule Market 2019-2024 ($M) - Global Industry Research
2.Global Global Glucosamine Supplement Market, By Dosage Form Market 2019-2024 (Volume/Units)
2.1 Pill Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Capsule Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Global Glucosamine Supplement Market, By Dosage Form Market 2019-2024 ($M)
3.1 Pill Market 2019-2024 ($M) - Regional Industry Research
3.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
4.South America Global Glucosamine Supplement Market, By Dosage Form Market 2019-2024 ($M)
4.1 Pill Market 2019-2024 ($M) - Regional Industry Research
4.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
5.Europe Global Glucosamine Supplement Market, By Dosage Form Market 2019-2024 ($M)
5.1 Pill Market 2019-2024 ($M) - Regional Industry Research
5.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
6.APAC Global Glucosamine Supplement Market, By Dosage Form Market 2019-2024 ($M)
6.1 Pill Market 2019-2024 ($M) - Regional Industry Research
6.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
7.MENA Global Glucosamine Supplement Market, By Dosage Form Market 2019-2024 ($M)
7.1 Pill Market 2019-2024 ($M) - Regional Industry Research
7.2 Capsule Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Glucosamine Supplements Market Revenue, 2019-2024 ($M)2.Canada Glucosamine Supplements Market Revenue, 2019-2024 ($M)
3.Mexico Glucosamine Supplements Market Revenue, 2019-2024 ($M)
4.Brazil Glucosamine Supplements Market Revenue, 2019-2024 ($M)
5.Argentina Glucosamine Supplements Market Revenue, 2019-2024 ($M)
6.Peru Glucosamine Supplements Market Revenue, 2019-2024 ($M)
7.Colombia Glucosamine Supplements Market Revenue, 2019-2024 ($M)
8.Chile Glucosamine Supplements Market Revenue, 2019-2024 ($M)
9.Rest of South America Glucosamine Supplements Market Revenue, 2019-2024 ($M)
10.UK Glucosamine Supplements Market Revenue, 2019-2024 ($M)
11.Germany Glucosamine Supplements Market Revenue, 2019-2024 ($M)
12.France Glucosamine Supplements Market Revenue, 2019-2024 ($M)
13.Italy Glucosamine Supplements Market Revenue, 2019-2024 ($M)
14.Spain Glucosamine Supplements Market Revenue, 2019-2024 ($M)
15.Rest of Europe Glucosamine Supplements Market Revenue, 2019-2024 ($M)
16.China Glucosamine Supplements Market Revenue, 2019-2024 ($M)
17.India Glucosamine Supplements Market Revenue, 2019-2024 ($M)
18.Japan Glucosamine Supplements Market Revenue, 2019-2024 ($M)
19.South Korea Glucosamine Supplements Market Revenue, 2019-2024 ($M)
20.South Africa Glucosamine Supplements Market Revenue, 2019-2024 ($M)
21.North America Glucosamine Supplements By Application
22.South America Glucosamine Supplements By Application
23.Europe Glucosamine Supplements By Application
24.APAC Glucosamine Supplements By Application
25.MENA Glucosamine Supplements By Application
26.Paul Marienfeld, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Hecht Assistant, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Comdek Industrial, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Cypress Diagnostics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Hemocue, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Kpg Product, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Danaher Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ge Healthcare, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Nava Medic Asa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Nutraceutix Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)