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Global Glucosamine Market Expected to Reach at US$ 275 Million by 2025

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 Published Date : 21 Nov 19   |   Views: 28   |  Industry : Chemical & Material

Global Glucosamine Market Expected to Reach at US$ 275 Million by 2025

QYR Consulting has recently come up with a new publication titled, “Glucosamine Market Report Company Analysis, History, and Future Overview, Global Sales Trends by 2025”. As per the study of the report, the global Glucosamine market is prophesied to register a sluggish CAGR of 2.1% during the anticipated period of 6-years (2019-2025). The worldwide Glucosamine market is predicted to reach US$ 275 Mn by the end of 2025 which was US$ 238 Mn in 2018. Increasing concerns of obesity and rising cases of arthritis have led to the growth of the market. A remarkable shift towards a sedentary lifestyle in both developed and developing countries is escalating health concerns such as joint pain, which is contributing to the growth of the market.

Segmental Analysis

Healing Properties of Glucosamine Fuel the Growth of Medicine Segment 

 

Based on the application, the global Glucosamine market is segmented into health food, cosmetics, medicine, and Others. The health food segment is likely to capture a substantial share of the market due to the increasing popularity of nutritional supplements. High demand for a dietary supplement for strengthening joints and bones is likely to boost the market in the coming years. Growing medicinal usage of Glucosamine in order to heal arthritic conditions is expected to fuel the growth of the medicine segment. 

Global Glucosamine Market Expected to Reach at US$ 275 Million by 2025

Asia Pacific

Global Glucosamine Market Expected to Reach at US$ 275 Million by 2025

Regional Analysis


Cosmetic properties and supplementary substitutes Propel the Growth of the Market in the Asia Pacific

 

A major factor contributing to the growth of the market in European countries is over the counter availability of Glucosamine and its usage as prescription medicine. The strong presence of manufacturers in North America and the budding healthcare sector in the Asia Pacific region is estimated to fuel the growth of the market. Increasing awareness regarding bone and joint-related disorders is further expected to stimulate market growth in the region. Cosmetic properties in Glucosamine along with key supplementary substitutes are contributing to the growth of the market. 

 

Key Players


Top Players Focusing On Inorganic Growth to Gain Considerable Market Presence


Some of the major players functioning in the market include Cargill, Aoxing Biotechnology, Golden, KOYO chemicals, Bayir Chemicals, Yangzhou Rixing Bio, YSK, AMPIL, Wanbury, Wellable Marine Biotech, TSI, and Panvo Organics. Fierce competition in the market has resulted in manufacturers focusing on inorganic growth to establish themselves as a prominent player in the market. Other strategies leading companies are keen to incorporate are entering alliances and promoting collaborations to gain market presence.

 


Global Glucosamine Market Expected to Reach at US$ 275 Million by 2025

Global CAGR During 2019-2025


2.1%

Market Dynamics


Treatment of Arthritic Conditions Drives the Growth of Global Glucosamine Market

 

Increasing usage of Glucosamine in medicine to combat arthritis, osteoarthritis, and joint disorders are driving the growth of the global Glucosamine market. Growing occurrences of diabetes and cancer are inflating its usage on a substantial scale in the pharmaceutical sector widening the scope for opportunities. Because of its many advantages such as its usage for joint pain relief and its use in therapeutic goods, an increasing demand for the product is anticipated to amplify considerably. 


For further information, check: https://www.qyrconsulting.com/reports/glucosamine-market


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