Japan Chondroitin Sulfate Market Size & Outlook, 2022-2030
Japan chondroitin sulfate market, 2017-2030 (US$M)
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Japan chondroitin sulfate market highlights
- The Japan chondroitin sulfate market generated a revenue of USD 65.2 million in 2022 and is expected to reach USD 91.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.3% 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 65.2 million |
| Market revenue in 2030 | USD 91.5 million |
| Growth rate | 4.3% (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, Japan accounted for 5.3% 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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Japan 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 38.04% in 2022. Horizon Databook has segmented the Japan chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
Chondroitin sulfate produced in Japan is widely used in pharmaceutical and cosmetic sectors. Burgeoning aging population has led to a surge in the prevalence of osteoarthritis in the country. Chondroitin sulfate reduces the swelling and pain associated with osteoarthritis and helps recover knee function.
It is also used in eye drops, energy foods, and metabolic drugs, which is projected to drive the product demand in the country. According to The World Bank Group, Japan has witnessed a surge in aging population over the last decade, which has contributed to high prevalence of osteoarthritis and joint health issues in the country.
In addition, according to the Ministry of Health, Labor, and Welfare (MHLW), pharmaceutical market in Japan in 2017 was valued at USD 95 billion. Chondroitin sulfate is extensively used in dietary supplements in nutraceutical sector. Increased consumption of chondroitin sulfate for the treatment of osteoarthritis coupled with rising consumer awareness regarding healthy lifestyle is anticipated to fuel.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Japan chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan chondroitin sulfate market size, by source, 2017-2030 (US$M)
Japan Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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