Brazil Chondroitin Sulfate Market Size & Outlook
Brazil chondroitin sulfate market, 2017-2030 (US$M)
Related Markets
Brazil chondroitin sulfate market highlights
- The Brazil chondroitin sulfate market generated a revenue of USD 30.8 million in 2022 and is expected to reach USD 40.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.6% 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 30.8 million |
| Market revenue in 2030 | USD 40.8 million |
| Growth rate | 3.6% (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, Brazil accounted for 2.5% 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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Brazil 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 37.66% in 2022. Horizon Databook has segmented the Brazil chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
In Brazil, chondroitin sulfate is majorly used in the production of pharmaceutical and nutraceutical products. The development of pharmaceutical industry in the country can be attributed to innovation, impressive local pharmaceutical products production, and undertaking public policies, which provides access to medicines.
The well-educated youth in the country is inclined toward the consumption of dietary supplements in order to boost immunity and protein intake. These factors are anticipated to drive product demand in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Brazil chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil chondroitin sulfate market size, by source, 2017-2030 (US$M)
Brazil Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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