Middle East & Africa Chondroitin Sulfate Market Size & Outlook
Middle East & Africa chondroitin sulfate market, 2017-2030 (US$M)
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MEA chondroitin sulfate market highlights
- The MEA chondroitin sulfate market generated a revenue of USD 62.5 million in 2022.
- The market is expected to grow at a CAGR of 2.9% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 62.5 million |
| Market revenue in 2030 | USD 78.7 million |
| Growth rate | 2.9% (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, MEA region accounted for 5.1% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 37.92% in 2022. Horizon Databook has segmented the Middle East & Africa chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
In the Middle East, chondroitin sulfate is used in pharmaceutical sector to treat patients suffering from osteoarthritis. Most of the aging population in the region has experienced a few symptoms of osteoarthritis. These individuals face difficulties in performing daily activities.
Rising awareness of pharmaceutical manufacturers regarding the effectiveness of chondroitin sulfate in the treatment of osteoarthritis is contributing to the market growth in the region.
Prominent pharmaceutical countries in the region include the UAE, Iran, and Saudi Arabia. Several governments are focusing on the local production of pharmaceuticals in order to restrain the rapidly growing healthcare expenditure.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa chondroitin sulfate market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA chondroitin sulfate market size, by country, 2017-2030 (US$M)
Middle East & Africa Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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