Europe Chondroitin Sulfate Market Size & Outlook
Europe chondroitin sulfate market, 2017-2030 (US$M)
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Europe chondroitin sulfate market highlights
- The Europe chondroitin sulfate market generated a revenue of USD 275.4 million in 2022.
- The market is expected to grow at a CAGR of 3.7% 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.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 275.4 million |
| Market revenue in 2030 | USD 367.6 million |
| Growth rate | 3.7% (CAGR from 2022 to 2030) |
| Largest segment | Bovine |
| Fastest growing segment | Synthetic |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 22.5% of the global chondroitin sulfate market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 427.5 million by 2030.
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 37.76% in 2022. Horizon Databook has segmented the Europe chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
In Europe, chondroitin sulfate is used in various industries including pharmaceutical, cosmetics, food, pet food, and veterinary. Chondroitin sulfate is used as alternative medicine in dietary supplements to treat osteoarthritis.
Chondroitin sulfate is regulated and approved as a symptomatic slow-acting drug for osteoarthritis in Europe and its intake is preferred along with glucosamine. Increasing consumer awareness regarding health benefits associated with the consumption of chondroitin sulfate is projected to drive the product demand.
Factors such as improved joint function and reduced joint pain & inflammation have bolstered the product demand in applications such as bone & joint health, animal health, and sports nutrition.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe chondroitin sulfate market , including forecasts for subscribers. This continent databook contains high-level insights into Europe chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe chondroitin sulfate market size, by country, 2017-2030 (US$M)
Europe Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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