India Chondroitin Sulfate Market Size & Outlook, 2022-2030
India chondroitin sulfate market, 2017-2030 (US$M)
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India chondroitin sulfate market highlights
- The India chondroitin sulfate market generated a revenue of USD 48.4 million in 2022 and is expected to reach USD 67.0 million by 2030.
- The India market is expected to grow at a CAGR of 4.2% 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 48.4 million |
| Market revenue in 2030 | USD 67.0 million |
| Growth rate | 4.2% (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, India accounted for 4.0% 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 Asia Pacific, China chondroitin sulfate market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 91.5 million by 2030.
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 38.22% in 2022. Horizon Databook has segmented the India chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
In India, chondroitin sulfate is used for the treatment of neuralgia, nervous headache, migraine, and arthralgia in pharmaceutical sector and for several beauty purposes. Chondroitin sulfate sourced from bovine is preferred in the country owing to religious sentiments.
Majority of the product sourced from bovine is consumed in the form of dietary supplements and medicines considering the purity of the product, which is projected to drive the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the India chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into India chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India chondroitin sulfate market size, by source, 2017-2030 (US$M)
India Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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