Italy Chondroitin Sulfate Market Size & Outlook, 2022-2030
Italy chondroitin sulfate market, 2017-2030 (US$M)
Related Markets
Italy chondroitin sulfate market highlights
- The Italy chondroitin sulfate market generated a revenue of USD 24.6 million in 2022 and is expected to reach USD 32.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.3% 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 24.6 million |
| Market revenue in 2030 | USD 32.0 million |
| Growth rate | 3.3% (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 |
Other key industry trends
- In terms of revenue, Italy accounted for 2.0% 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 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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Italy 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 37.4% in 2022. Horizon Databook has segmented the Italy chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
Nutraceutical products are used in Italy as a novel food. Chondroitin sulfate is used in chewing gums, milk & milk products, and beverages. However, food products infused with chondroitin sulfate are not recommended for use in infant food formulations and in poultry & meat products as regulated by the USDA jurisdiction.
The consumption of medicines and supplements containing chondroitin sulfate is considered safe in Italy but only when consumed in a prescribed amount, which is expected to prevent the overdose of the product. Increased consumption of dietary supplements coupled with wide acceptance of the product is anticipated to trigger the market growth in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Italy chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Italy chondroitin sulfate market size, by source, 2017-2030 (US$M)
Italy Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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