Germany Chondroitin Sulfate Market Size & Outlook
Germany chondroitin sulfate market, 2017-2030 (US$M)
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Germany chondroitin sulfate market highlights
- The Germany chondroitin sulfate market generated a revenue of USD 62.5 million in 2022 and is expected to reach USD 83.8 million by 2030.
- The Germany 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.
Chondroitin sulfate market data book summary
| Market revenue in 2022 | USD 62.5 million |
| Market revenue in 2030 | USD 83.8 million |
| Growth rate | 3.7% (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, Germany accounted for 5.1% 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 Europe, Germany chondroitin sulfate market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 78.7 million by 2030.
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 37.6% in 2022. Horizon Databook has segmented the Germany chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
In Germany, chondroitin sulfate is majorly used in the treatment of osteoarthritis on account of high disease occurrence rate in the country. The product is also used in several food products and dietary supplements. Rising number of patients suffering from osteoarthritis coupled with increasing product demand from nutraceutical sector is anticipated to drive the market in the country over the coming years.
Manufacturers are focusing on new product development owing to rising consumer awareness regarding the nutritive benefits and safe consumption of the product. Pohl-Boskamp GmbH & Co. and Avitale are the prominent manufacturers of chondroitin sulfate in Germany. Favorable government regulations coupled with high spending on R&D activities related to product innovation are projected to drive the chondroitin sulfate market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Germany chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany chondroitin sulfate market size, by source, 2017-2030 (US$M)
Germany Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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