North America Chondroitin Sulfate Market Size & Outlook
North America chondroitin sulfate market, 2017-2030 (US$M)
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North America chondroitin sulfate market highlights
- The North America chondroitin sulfate market generated a revenue of USD 452.8 million in 2022.
- The market is expected to grow at a CAGR of 3.5% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 452.8 million |
| Market revenue in 2030 | USD 594.0 million |
| Growth rate | 3.5% (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, North America region accounted for 37.0% 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.
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 37.72% in 2022. Horizon Databook has segmented the North America chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
North America was the largest regional market for chondroitin sulfate, where the growth can be attributed to the booming pharmaceutical industry in the U.S. coupled with the FDA approval for using sodium chondroitin sulfate infused products. In North America, bovine-sourced chondroitin sulfate is preferred owing to easy availability and low cost.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America chondroitin sulfate market , including forecasts for subscribers. This continent databook contains high-level insights into North America chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America chondroitin sulfate market size, by country, 2017-2030 (US$M)
North America Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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