Glucosamine Market Introduction:
Glucosamine is a naturally occurring compound within the cartilage of joints, it is made from chains of sugars and proteins bound together. Glucosamine is processed from shellfish that has been found to provide relief from minor pain. This naturally derived compound helps in formation of cartilage and synovial fluid which helps in maintaining joint health.
Glucosamine is primarily used to ease symptoms of osteoarthritis, it can be taken by natural food supplements such as bone broth or glucosamine supplements available in the market in numerous formulations.These fundamental properties of glucosamine have encouraged the manufacturers to introduce new products and thus leading to overall growth of glucosamine market.
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Glucosamine plays a vital role in cartilage building, supplement to treat arthritis and osteoarthritis.
Glucosamine is segmented on the basis of form and end use. The use of glucosamine is not just limited to pharmaceutical product for relief from joint pain but is also used as an ingredient in cosmetics due to its skin-replenishing property and prompting exfoliation.
On the basis of form glucosamine is segmented as; powder, liquid, tablets, capsules and others (gel). It is also segmented by end use as pharmaceutical and as additive, which is further sub-segmented as pet-food additive and cosmetics.
Glucosamine is suggested for joint problems and is one of the most common dietary supplements for both humans and pets use. Pet food manufacturers have added glucosamine to provide further joint support especially for older dogs or large pets.
After reading the Glucosamine Market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Glucosamine Market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
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Glucosamine Market Key Players:
Some of the key players participating in the global Glucosamine market includes; Mylan N.V., Teva Pharmaceutical Industries Ltd., Nutralife Health Products Inc., Blackmores Ltd., G.T.C. Union Group Ltd., Foodchem International Corporation, Health World Ltd., Glanbia plc., NOW Health Group, Inc.
Opportunities for Glucosamine Market Participants:
The global Glucosamine market is looking promising for the period 2017-2028. The potential for the growth of the Glucosamine market is quite high, According to the National Center for Complementary and Alternative Therapy, a 2007 National Health Interview Survey, found that 17.7% of adults in the United States regularly consumed some type of dietary supplement.rom which, 19.9 % took glucosamine. It was the second most popular dietary supplement after fish oil, omega 3, or DHA, which were consumed 37.45 of those who took supplements.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Glucosamine Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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Glucosamine Market Regional Outlook:
On the basis of regions, the glucosamine market is segmented into North America, Europe, Latin America, Asia-Pacific excluding Japan, Japan, CIS & Russia, Middle East & Africa.
The glucosamine market is very prominent in European countries, as an over-the-counter or prescription medication. Glucosamine is either subsidized or reimbursed by certain insurers or some government health plans which is not the same U.S.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Important doubts related to the Glucosamine market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the keyword market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
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