South Africa Chondroitin Sulfate Market Size & Outlook
South Africa chondroitin sulfate market, 2017-2030 (US$M)
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South Africa chondroitin sulfate market highlights
- The South Africa chondroitin sulfate market generated a revenue of USD 9.3 million in 2022 and is expected to reach USD 11.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.1% 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 9.3 million |
| Market revenue in 2030 | USD 11.0 million |
| Growth rate | 2.1% (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, South Africa accounted for 0.8% 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 Middle East & Africa, South Africa chondroitin sulfate market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 11.0 million by 2030.
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Chondroitin Sulfate Market Scope
Chondroitin Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 37.63% in 2022. Horizon Databook has segmented the South Africa chondroitin sulfate market based on bovine, swine, poultry, shark, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
The Knee osteoarthritis has been a major concern in the urban part of South Africa over the past decade, as over 50% of the aging population was prone to osteoarthritis. Chondroitin sulfate is primarily used in pharmaceutical, nutraceutical, and animal feed applications.
Increased consumption of dietary supplements in order to boost immune system along with the growth of pharmaceutical sector in the country is anticipated to drive the product demand.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa chondroitin sulfate market , including forecasts for subscribers. This country databook contains high-level insights into South Africa chondroitin sulfate market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa chondroitin sulfate market size, by source, 2017-2030 (US$M)
South Africa Chondroitin Sulfate Market Outlook Share, 2022 & 2030 (US$M)
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