Glucosamine Market Dynamics, Information, Manufacturing, Analysis and Forecasts 2022
The Glucosamine Market is estimated to grow at a significant CAGR of 8.4% over the forecast period as the scope and its applications are rising enormously across the globe
The Glucosamine Market is estimated to grow at a significant CAGR of 8.4% over the forecast period as the scope and its applications are rising enormously across the globe
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<strong>Glucosamine</strong> <strong>Market</strong> <strong>Dynamics</strong>, <strong>Information</strong>, <strong>Manufacturing</strong>,<br />
<strong>Analysis</strong> <strong>and</strong> <strong>Forecasts</strong> <strong>2022</strong><br />
“The <strong>Glucosamine</strong> <strong>Market</strong> is estimated to grow at a significant CAGR of 8.4%<br />
over the forecast period as the scope <strong>and</strong> its applications are rising<br />
enormously across the globe.”<br />
Global <strong>Glucosamine</strong> <strong>Market</strong> is expected to reach USD 757.3 million by <strong>2022</strong>. <strong>Glucosamine</strong> is a natural compound<br />
found in tough tissue that is cartilage, which cushions joints. People use it as a supplement to treat diseases like<br />
osteoarthritis <strong>and</strong> arthritis. It is mainly extracted from shells of shellfish to make dietary supplements; whereas<br />
its synthetic form is made in laboratories. The <strong>Glucosamine</strong> <strong>Market</strong> is estimated to grow at a significant CAGR<br />
of 8.4% over the forecast period as the scope <strong>and</strong> its applications are rising enormously across the globe.<br />
Growing occurrence of chronic diseases like obesity, diabetes, <strong>and</strong> cancer <strong>and</strong> high dem<strong>and</strong> from<br />
pharmaceutical industry are documented as major factors of <strong>Glucosamine</strong> <strong>Market</strong> that are estimated to<br />
enhance the growth in the years to come. However, high cost of glucosamine <strong>and</strong> presence of alternatives like<br />
fish oils, omega 3 fatty acid, <strong>and</strong> collagens are the factors that may restrain overall market in the coming years.<br />
<strong>Glucosamine</strong> industry is segmented based on product type, form, application, <strong>and</strong> region.<br />
<strong>Glucosamine</strong> sulfate, <strong>Glucosamine</strong> hydrochloride, <strong>and</strong> N-acetyl glucosamine are the product type that could be<br />
explored in <strong>Glucosamine</strong> in the forecast period. <strong>Glucosamine</strong> sulfate accounted for the substantial market share<br />
of <strong>Glucosamine</strong> <strong>and</strong> is estimated to lead the overall market in the coming years. This may be because of high<br />
dem<strong>and</strong> from pharmaceutical industries to treat arthritis.<br />
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Several forms of <strong>Glucosamine</strong> like gel, powder, capsules, liquid, <strong>and</strong> tablets could be explored in <strong>Glucosamine</strong><br />
in the forecast period. The market may be categorized based on applications like dairy products, nutritional<br />
supplements, food <strong>and</strong> beverages, <strong>and</strong> others that could be explored in the forecast period. Nutritional<br />
supplements sector accounted for the substantial market share of <strong>Glucosamine</strong> <strong>and</strong> is estimated to lead the<br />
overall market in the coming years. This may be because of rising dem<strong>and</strong> for dietary supplements for<br />
maintenance of bone <strong>and</strong> joint.<br />
The key players of <strong>Glucosamine</strong> <strong>Market</strong> are Triarco Industries Inc., Alcan Chemical Division, Synasia Inc., Alfa<br />
Chem, Simpy Supplements, Cargill Inc., Schiff Nutrition International Inc., Fabrichem Inc., Nutrilite, Golden Shell<br />
Biochemical Co Ltd., Nutraceutix Inc., Koyo Chemical Company Ltd., <strong>and</strong> Marine Biochemical Co Ltd. These<br />
players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies<br />
all over the world have to believe that alliance with a market would permit them proportional market existence<br />
<strong>and</strong> authority to declare the leadership position.<br />
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<strong>Market</strong> Segment:<br />
<strong>Glucosamine</strong> Application Outlook (Volume, Tons, Revenue, USD Million, 2012 - <strong>2022</strong>)<br />
• Nutritional supplements<br />
• Food &beverages<br />
• Dairy products<br />
<strong>Glucosamine</strong> Regional Outlook (Volume, Tons, Revenue, USD Million, 2012 - <strong>2022</strong>)<br />
• U.S.<br />
• Europe<br />
• Japan<br />
• Asia Pacific<br />
• RoW<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/food-<strong>and</strong>-beverage
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