CHONDROITIN SULFATE MARKET ANALYSIS

Market Challenges And Opportunities

Figure 2. Global Chondroitin Sulfate Market, By Source, 2023

Global Chondroitin Sulfate Market Drivers:

Growing prevalence of osteoarthritis is expected to propel market growth

Osteoarthritis is one of the most common musculoskeletal condition among the aging population. This condition affects the movements, joints, and causes pain in that area. Chondroitin sulfate is widely used in the treatment of osteoarthritis for relief the osteoarthritis symptoms. According to the Centers for Disease Control and Prevention, by 2025, 67 million people in the U.S. are anticipated to be diagnosed with arthritis. As per the Arthritis Research UK, over 8.3 million people are projected to suffer from knee osteoarthritis by 2035. This mounting prevalence of osteoarthritis is expected to surge the demand for chondroitin sulfate among the manufacturers of pharmaceutical, nutraceutical, and dietary supplements.

Growing demand for nutraceutical &pharmaceutical products to augment market growth

It has been found that chondroitin sulfate used in dietary supplements can help in enhancing liver function, healing wounds, and improving digestion as well as reduce blood sugar levels. Thus, chondroitin sulfate has gained immense popularity for being a health supplement as it can be used in various ailments. The increasing healthcare sector is another factor bolstering growth of the chondroitin sulfate markets. This is because the substance is used to cure joint problems like knee osteoarthritis. It is also widely used in dietary supplements for its anti-ageing properties and skin-repair benefits.

Global Chondroitin Sulfate Market Opportunities:

Chondroitin sulfate market is projected to be an extremely lucrative one owing to its growing demand from the pharmaceuticals and nutraceuticals industry. This is mainly owing to growing geriatric population, which is at risk of osteoarthritis and other bone diseases. In addition, the use of chondroitin sulfate in the production of dietary supplements is projected to further drive the demand for the product.

Growing awareness regarding the benefits of chondroitin sulfate as it is a natural ingredients is expected to offer additional market opportunities. It is a natural protein that can prevent aging, maintain a healthy immune system. Moreover, it can also help in building muscle mass, improving heart health, weight loss, improve sleep quality, reduce inflammation, and treat depression.

Global Chondroitin Sulfate Market Restraints:

Fluctuating price of raw materials to hamper market growth

The raw material used for the extraction process of chondroitin sulfate has been in high demand due to its growing consumption in the pharmaceutical and nutraceutical applications. Growing prevalence of several diseases in the developed regions due to positive effects of cartilage products have increased the demand for cartilage sourced from these animals. These factors have led to the volatile price of raw materials.

Religious and cultural impediments to hinder market growth

Religious and cultural impediments in certain Middle Eastern countries are projected to restrict the growth of the global chondroitin sulfate market. The use of swine-derived chondroitin sulfate is banned in Asia and the Middle East due to religious sentiments and customs being affected, thus, pork and pork derived products are restricted in Middle East countries.