Chile Chondroitin Sulfate Market Size & Outlook, 2022-2030
Chile chondroitin sulfate market, 2017-2030 (US$M)
Related Markets
Chile chondroitin sulfate market highlights
- The Chile chondroitin sulfate market generated a revenue of USD 21.6 million in 2022 and is expected to reach USD 27.7 million by 2030.
- The Chile market is expected to grow at a CAGR of 3.2% from 2023 to 2030.
- In terms of segment, bovine was the largest revenue generating source in 2022.
- Shark 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 21.6 million |
| Market revenue in 2030 | USD 27.7 million |
| Growth rate | 3.2% (CAGR from 2022 to 2030) |
| Largest segment | Bovine |
| Fastest growing segment | Shark |
| 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, Chile accounted for 1.8% 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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Chile 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 37.96% in 2022. Horizon Databook has segmented the Chile 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 Chile is extensively used in the production of pharmaceutical and nutraceutical products. The growth of these sectors in the country can be attributed to the increased spending on healthcare sector coupled with rising consumer awareness regarding healthy diet. Some of the U.S. companies have invested in Chile healthcare sector in the last five years owing to high market opportunities.
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Chile chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Chile chondroitin sulfate market size, by source, 2017-2030 (US$M)
Chile Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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