Canada Chondroitin Sulfate Market Size & Outlook
Canada chondroitin sulfate market, 2017-2030 (US$M)
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Canada chondroitin sulfate market highlights
- The Canada chondroitin sulfate market generated a revenue of USD 60.8 million in 2022 and is expected to reach USD 78.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.3% 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 60.8 million |
| Market revenue in 2030 | USD 78.8 million |
| Growth rate | 3.3% (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, Canada accounted for 5.0% 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 North America, U.S. chondroitin sulfate market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 451.7 million by 2030.
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 Canada chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
In Canada, chondroitin sulfate is widely used in the preparation of pharmaceutical and nutraceutical products. Growing pharmaceutical industry in the country along with inclination of the population toward healthy diet is expected to trigger the market growth. Carbosynth is a prominent manufacturer and supplier of chondroitin sulfate in the country.
The above graph depicts a surge in the aging population in Canada, thus, indicating the prevalence of diseases such as osteoarthritis, joint-related issues, and eye problems. The pharmaceutical sector in Canada has witnessed innovation over the past decade. The manufacturers are involved in several R&D activities to develop quality products for the treatment of several medical issues like heart diseases and arthritis.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Canada chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada chondroitin sulfate market size, by source, 2017-2030 (US$M)
Canada Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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