The global glucosamine market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Increasing geriatric population, rising burden of joint problems such as rheumatoid arthritis, osteoarthritis, and gout, rising prevalence of chronic diseases such as diabetes and obesity, and increasing demand for nutritional and dietary supplements, mainly among health-oriented consumers are key factors driving global market revenue growth.
Glucosamine is an amino sugar produced naturally in the human body. It surrounds the joints in the form of a cushion to render support to it. Glucosamine, which is also found in seashells, can be commercially produced by fermentation of grains such as wheat or corn or hydrolysis of shellfish exoskeletons. Synthetically produced glucosamine is known to have a wide range of medical uses. Glucosamine, in combination with chondroitin, is widely used in the treatment of people with joint disorders such as osteoarthritis and rheumatoid arthritis. Glucosamine hydrochloride is one of the most common forms of glucosamine that is used to treat conditions such as joint pain, rheumatoid arthritis, osteoarthritis, glaucoma, and temporomandibular disorder (TMD). Glucosamine chondroitin, glucosamine sulfate, and N-acetyl glucosamine are other commonly sold forms of glucosamine.
Top Companies Operating in the Global Glucosamine Market:
Teva Pharmaceutical Industries Ltd., Cargill, NOW Health Group, Inc., Mylan N.V., Health World Limited, Foodchem International Corporation, Atlina Life Sciences Pvt. Ltd., Schiff Nutrition International, Inc., Bio-gen Extracts Pvt. Ltd., Pharma Base S.A., CAPTEK Softgel International Inc., TSI Health Sciences, Inc., CellMark USA LLC, Wellable Marine Biotech Holding Limited, Spectrum Chemical Manufacturing Corporation, G.T.C. Union Group Ltd., and Golden-Shell Pharmaceutical Co. Ltd.
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The Glucosamine market investigation report assesses the global market for the Glucosamine industry and provides revenue and capability forecasts for the projected period of 2028. The factors that drive the industry's growth are highlighted in the report. The report divides the Glucosamine market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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Glucosamine Market Segmentation
Form Outlook (Revenue, USD Billion; 2018-2028)
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Glucosamine Hydrochloride
- N-acetyl glucosamine
- Glucosamine Sulfate
Application Outlook (Revenue, USD Billion; 2018-2028)
- Pharmaceutical Drugs
- Nutritional Supplements
- Food Beverages
- Dairy Products
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Glucosamine market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Glucosamine market.
The global Glucosamine market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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