Global Glucosamine Market 2024-2028
The glucosamine market is forecasted to grow by USD 338.4 mn during 2023-2028, accelerating at a CAGR of 7.05% during the forecast period. The report on the glucosamine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of healthy eating habits, increasing number of vegan consumers, and consumer awareness regarding joint and bone health.
Technavio's glucosamine market is segmented as below:
By Application
- Nutritional supplements
- Food and beverages
- Dairy products
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increase in elderly population as one of the prime reasons driving the glucosamine market growth during the next few years. Also, increasing investments in R and D and rapidly growing healthcare industry will lead to sizable demand in the market.
The report on the glucosamine market covers the following areas:
- Glucosamine market sizing
- Glucosamine market forecast
- Glucosamine market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading glucosamine market vendors that include Cargill Inc., Cellmark AB, Ethical Naturals Inc., Foodchem International Corp., GoldenShell Pharmaceutical, Jiaxing Hengjie Biopharmaceutical Co., Ltd., KOYO CHEMICAL CO., LTD., NOW Health Group Inc., NutraLife, Panvo Organics Pvt. Ltd., Reckitt Benckiser Group PLC, STELLAR BIOSOL, TSI Group Ltd., Viatris Inc., Wellable Marine Biotech Holding Ltd, Yang Zhou Rixing Biotech Co Ltd, Yantai Dongcheng Pharmaceutical Group Co. Ltd, Zhejiang Aoxing Biotechnology Co. LTD., Zhejiang Kangduoli Pharmaceutical Co. Ltd, and Zhejiang Chengyi Pharmaceutical Co., Ltd. Also, the glucosamine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.