Glucosamine is a natural substance made up of fructose and the amino acid glutamine that is found in cartilage. It's required for the development of glycosaminoglycan, a chemical that helps cartilage and other bodily tissues form and repair. Glucosamine is an amino sugar generated by the hydrolysis of shellfish or created in laboratories through the fermentation of crops like wheat and corn.
Covid-19 Impact & Market Status:
The Glucosamine Market is rapidly returning to pre-COVID levels, with a healthy growth rate projected over the forecast period, owing to a V-shaped recovery in most developing countries. Showcasing their delivery techniques and contactless manufacturing, stressing USP statements, increasing the presence of items on online platforms and focusing on product packaging are highlighted as key strategies of organisations operating in the Glucosamine Market Industry
The fastest-growing application sector is predicted to be nutritional supplements. Over the next seven years, the market is predicted to rise due to rising bone and joint health concerns, increased occurrences of joint diseases, and more consumer awareness of product benefits.
Several variables in Europe are favourable to the expansion of the glucosamine industry. The number of individuals living with osteoarthritis is highest in this region. According to the World Health Organization (WHO), between 10% and 15% of people aged 60 and over suffer from osteoarthritis. Furthermore, the general public is well-informed about health and wellness supplements, particularly those for bone and joint health. These factors are significantly influencing the glucosamine industry in the region.
During the projected period, the rising prevalence of rheumatoid arthritis is expected to drive the worldwide glucosamine market.
In 2020, the global glucosamine market is predicted to be worth US$ 763.7 million, growing at a CAGR of 5.20 percent over the forecast period (2022-2029).
Preventing age-related bone illnesses and maintaining a healthy lifestyle especially in older people, is driving up the price of these supplements, as they provide health advantages while treating a specific part of the human body. With the growth of cleaner, simpler and free-from-label bone and joint health supplements, this trend is undoubtedly continue, indicating an increase in the acceptance and popularity of natural products. The fundamental characteristics of glucosamine have prompted producers to offer new products, resulting in the glucosamine market's overall expansion.
A significant reason driving growth of the worldwide glucosamine market is increasing demand for glucosamine in food and drinks, including functional foods and beverages, dietary supplements, and dietary supplements, because to its good health advantages. Other major factors projected to promote growth of the worldwide glucosamine market throughout the forecast period include rising demand for glucosamine in the pharmaceutical industry to treat diabetes, joint aches, and blood pressure, as well as an increase in the number of cases of arthritis globally.
High demand for glucosamine in dairy products, rising prevalence of chronic diseases such as cancers and diabetes as a result of a hectic lifestyle, and rising consumer spending on health products in developing and developed countries are all expected to fuel the demand for glucosamine in the global market.
However, rising glucosamine prices are a major stumbling block to the worldwide glucosamine market's expansion. Another factor limiting market expansion over the forecast period is the availability of various substitutes such as collagens, omega 3 fatty acids and fish oils.
The major market players of Glucosamine Market are G.T.C. Union Group Ltd., Health World Ltd., Teva Pharmaceutical Industries Ltd., NOW Health Group, Inc., Mylan N.V., and Foodchem International Corporation.
Major Developments in Glucosamine Market:
April 2019 — Huhtamaki Oyj, a leading Finnish food packaging company, has introduced "Blueloop," a new line of 100% recyclable flexible packaging solutions. Paper, mono-material PE, and PP are used to create these bundling solutions. Individual consideration products, dry food items, nibble items, espresso, and a variety of additional fast purchaser items benefit from this style of packing.
Benyfit Natural, a raw dog food company, has announced the debut of its Benyfit Mini Range, which includes senior dog diets with additional Glucosamine and Chondroitin for healthy joints.
Significant use of glucosamine in cosmetics; Olay launched a line of products for its Olay eyes division, including an eye brightening eye lotion for dark circles around the eyes. Amino peptides and N-Acetyl glucosamine are used in the product to reduce dark circles.
Xango, a multilevel marketing organisation, debuted its Aeris marine collagen complex to add to its product range, with the goal of boosting bone health with synergistic components.
Carlson Lab introduced Carlson Glucosamine & Chondroitin with Methyl SulfonylMethane (MSM) in August 2018, which combines human bone-nourishing ingredients in one supplement.
Glucosamine Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 763.7 million|
|Growth Rate||CAGR of 5.20 % during 2021-2028|
|Segment Covered||Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||G.T.C. Union Group Ltd., Health World Ltd., Teva Pharmaceutical Industries Ltd., NOW Health Group, Inc., Mylan N.V., and Foodchem International Corporation.|
Key Segments of Glucosamine Market
- By Application
- Food and Beverages
- Nutritional Supplements
- Dairy Product
- By Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa