The global glucosamine market is anticipated to develop during the forecast period due to the rising incidence of rheumatoid arthritis. For instance, the frequency of rheumatoid arthritis was 43.3% worldwide in 2017, according to a research from the US National Library of Medicine. In addition, major players are concentrating on the introduction and approval of products that are anticipated to drive the growth of the worldwide glucosamine market throughout the course of the forecast year. For instance, in accordance with international monographs like the USP and the European Pharmacopoeia, TSI Group Co. Ltd. (TSI) introduced GlucosaGreenDF in 2016, a unique non-shellfish glucosamine branded product line created by a patent-pending direct fermentation process. The emphasis placed on R&D by academic and research institutions is anticipated to fuel the expansion of the worldwide glucosamine market. For instance, the University of Siena began an experimental clinical trial in 2018 to examine the effectiveness of glucosamine in the treatment of hand osteoarthritis. The University of Siena has yet to release the study's findings, despite it being finished in 2019.
The Coherent Market Insights estimates that during the projected period (2020-2027), the global Glucosamine Market is anticipated to grow at a CAGR of 5.20%, reaching an estimated value of US$ 763.7 million in 2020.
Key Competitors in the Glucosamine Industry:
1. Bio-gen Extracts Private Limited
The company was started in 2000 and is based in Bangalore, Karnataka. Manufacturer of cutting-edge, scientifically supported health products, Bio-gen Extracts satisfies both international regulatory and consumer demands. The business specialises in developing natural, sustainable, and clinically-proven ingredients for a variety of uses in finished goods that are suited for the changing regulatory and dynamic consumer environments.
2. Panvo Organics Pvt Ltd
The business was started in 2006 and is located in Chennai, Tamil Nadu. Leading biopolymers and nutraceuticals are produced in Chennai by Panvo Organics Pvt Ltd. The business produces and exports a variety of specialty chemicals, bulk nutraceuticals, and bio-polymers. The business manufactures performance materials, nutraceutical ingredients, and active pharmaceutical ingredients.
3. CAPTEK Softgel International Inc.
The business was founded in 1995 and has its headquarters in California, United States. The health and nutritional supplement sectors have come to rely on CAPTEK® Softgel International to find innovative solutions to their complicated encapsulation problems. The business produces vitamins and dietary supplements.
4. TSI Health Sciences, Inc.
The company was started in 1996 and is based in Missoula, Montana, United States. The business produces medical software and creates and distributes computer software exclusively for the healthcare sector. The Filter Testing Production Line Simulator was released by TSI Incorporated in February 2023. Nov. 2022 saw the release of a software solution for qualitative fit testing from TSI.
5. Cargill
The firm was founded in 1865 and is located in Wayzata, Minnesota, United States. The company grows grains and oilseeds, offers risk management tools and services to farmers, as well as feed for animals, biofuels, poultry and meat, food, and industrial goods. Cargill increased its retail feed business in May 2023 and has plans to build a new facility in Washington State to serve the region's consumers.
6. CellMark Chemicals
The company was founded in 1921 and is located in Gothenburg, Sweden. Specialty chemicals, secondary aluminium, and other products are sold by Cellmark Chemicals Limited. CellMark and Norske Skog for Italy signed a sales and marketing agreement in November 2022. The new Accurate Paper Recycling website was launched by the company in May 2022.
7. Schiff Nutrition International, Inc.
The company was started in 1936 and is based in Salt Lake City, Utah, United States. The business creates, produces, distributes, and sells nutrients, dietary supplements, and sports nutrition items under its own brand and under private label.
Definition: A monosaccharide that is created synthetically by the hydrolysis of the exoskeleton of shellfish or the fermentation of crops like wheat and maize, glucosamine is an amino sugar and one of the most widely used. Artificial glucosamine has many medical applications.
