Market revenue in 2022 | USD 20.2 million |
Market revenue in 2030 | USD 25.6 million |
Growth rate | 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 |
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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 38.12% in 2022. Horizon Databook has segmented the Colombia chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
Constant economic growth and rising investments in R&D have boosted pharmaceutical industry in the country. Chondroitin sulfate is used in the form of capsules and powder in pharmaceutical and nutraceutical sectors, respectively.
In addition, the International Alliance of Dietary Supplement Associations (IADSA) included Colombia in the group owing to its impressive nutraceutical industry. These factors are anticipated to contribute to the growth of chondroitin sulfate market in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Colombia chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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