Argentina Chondroitin Sulfate Market Size & Outlook
Argentina chondroitin sulfate market, 2017-2030 (US$M)
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Argentina chondroitin sulfate market highlights
- The Argentina chondroitin sulfate market generated a revenue of USD 27.9 million in 2022 and is expected to reach USD 36.4 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- In terms of segment, bovine was the largest revenue generating source in 2022.
- Synthetic is the most lucrative source segment registering the fastest growth during the forecast period.
Chondroitin sulfate market data book summary
| Market revenue in 2022 | USD 27.9 million |
| Market revenue in 2030 | USD 36.4 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Bovine |
| Fastest growing segment | Synthetic |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bovine, Swine, Poultry, Shark, Synthetic |
| Key market players worldwide | Merck KGaA, BRF SA ADR, Seikagaku, TSI Group, Bioiberica, Bio-gen Extracts |
Other key industry trends
- In terms of revenue, Argentina accounted for 2.3% of the global chondroitin sulfate market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil chondroitin sulfate market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 40.8 million by 2030.
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 37.99% in 2022. Horizon Databook has segmented the Argentina chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
Chondroitin sulfate in Argentina is mainly extracted from bovine and is used in pharmaceutical, nutraceutical, and animal feed industries. BSE is a deteriorating disease of animals that is infectious to humans. Argentina is one of the prominent countries that is considered to be free of BSE. This has contributed to beef farming in the country, which, in turn, has boosted bovine production.
In addition, rising demand for pharmaceutical products in the country is anticipated to drive the demand for chondroitin sulfate. Osteoarthritis has been a major concern in the country for over 65 years. Chondroitin sulfate in dietary supplements helps prevent the occurrence of diseases such as osteoarthritis and joint pain.
In addition, growing domestic pharmaceutical industry along with increasing domestic consumption of medicines is anticipated to augment the market growth in the country. Inter farma is a prominent manufacturer and supplier of bovine-source chondroitin sulfate in Argentina.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Argentina chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina chondroitin sulfate market size, by source, 2017-2030 (US$M)
Argentina Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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