Global Chondroitin Sulfate Market Size & Outlook
The chondroitin sulfate industry worldwide is expected to reach a projected revenue of US$ 1,621.1 million by 2030. A compound annual growth rate of 3.6% is expected of the worldwide chondroitin sulfate industry from 2023 to 2030.
Revenue, 2022 (US$M)
$1,223.3
Forecast, 2030 (US$M)
$1,621.1
CAGR, 2023 - 2030
3.6%
Report Coverage
Worldwide
Global chondroitin sulfate market, 2017-2030 (US$M)
Related Markets
Global chondroitin sulfate market highlights
- The global chondroitin sulfate market generated a revenue of USD 1,223.3 million in 2022 and is expected to reach USD 1,621.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.6% by 2030.
- In terms of segment, bovine accounted for a revenue of USD 462.9 million in 2022.
- Synthetic is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,223.3 million |
| Market revenue in 2030 | USD 1,621.1 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Bovine |
| Fastest growing segment | Synthetic |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bovine, Swine, Poultry, Shark, Synthetic |
Other key industry trends
- In terms of revenue, the North America accounted for 37.0% of the global chondroitin sulfate market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 11.0 million by 2030.
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Chondroitin Sulfate Market Scope
Chondroitin sulfate market segmentation & scope
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Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global chondroitin sulfate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chondroitin sulfate market will help companies and investors design strategic landscapes.
bovine was the largest segment with a revenue share of 37.84% in 2022. Horizon Databook has segmented the Global chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Chondroitin Sulfate Source Outlook (Revenue, USD Million, 2017-2030)
- Bovine
- Nutraceuticals
- Pharmaceuticals
- Animal Feed
- Personal Care & Cosmetics
- Others
- Swine
- Nutraceuticals
- Pharmaceuticals
- Animal Feed
- Personal Care & Cosmetics
- Others
- Poultry
- Nutraceuticals
- Pharmaceuticals
- Animal Feed
- Personal Care & Cosmetics
- Others
- Shark
- Nutraceuticals
- Pharmaceuticals
- Animal Feed
- Personal Care & Cosmetics
- Others
- Synthetic
- Bovine
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Horizon Databook provides a detailed overview of global-level data and insights on the Global chondroitin sulfate market , including forecasts for subscribers. This global databook contains high-level insights into Global chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global chondroitin sulfate market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Chondroitin sulfate market size, 2022 (USD Million)
Top 10 countries: Chondroitin sulfate market size, 2022 (USD Million)
Global chondroitin sulfate market, by region, 2022 (US$M)
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