Mexico Chondroitin Sulfate Market Size & Outlook
Mexico chondroitin sulfate market, 2017-2030 (US$M)
Related Markets
Mexico chondroitin sulfate market highlights
- The Mexico chondroitin sulfate market generated a revenue of USD 49.8 million in 2022 and is expected to reach USD 63.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.1% 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 49.8 million |
| Market revenue in 2030 | USD 63.5 million |
| Growth rate | 3.1% (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, Mexico accounted for 4.1% 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 North America, U.S. chondroitin sulfate market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 451.7 million by 2030.
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 38.55% in 2022. Horizon Databook has segmented the Mexico chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
Pharmaceutical industry in Mexico is one of the emerging industries in Latin America. It consists of a large number of domestic and multinational players engaged in manufacturing products including cancer treatment products, antibiotics, a variety of over-the-counter medicines, vaccines, and other products.
The Mexican law requires the companies distributing pharmaceuticals to have a manufacturing facility in the country, which is expected to contribute to foreign investments in the country.
These initiatives are projected to drive the market growth. The country has a large number of aging populations suffering from chronic diseases such as diabetes, cancer, and cardiovascular.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Mexico chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico chondroitin sulfate market size, by source, 2017-2030 (US$M)
Mexico Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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