Albany, NY -- (SBWIRE) -- 12/18/2017 -- According to TMR, the global chondroitin sulfate market is likely to exhibit a CAGR of 3.3% between 2017 and 2025. At this pace, the global chondroitin market will reach US$457.7 mn by the end of 2025, from US$343.9 mn in 2016.

The Global Chondroitin Sulfate Market is segmented on the basis of Source, Application and Geography.

The global chondroitin sulfate market is segmented on the basis of application, and source. Based on application, the global market has been segmented into dietary supplement, pharmaceutical, cosmetics and veterinary use. Dietary supplements segment accounted for more than 50% share in terms of value of the global chondroitin sulfate market, in 2016. The segment is anticipated to dominate the global chondroitin sulfate market throughout the forecast period due its application in osteoarthritis treatment. On the basis of source, the global chondroitin sulfate market is segmented into bovine, porcine and others. Bovine source is expected to be the fastest growing segment and is expected to expand at 3%-4% CAGR over the forecast period of 2017–2025 due to shift of preference towards bovine source, also the religious factors limit the usage of porcine source in some countries. Other sources includes chicken, shark and other marine sources.

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Geographically, North America and Europe are the major regions where revenue is generated from the global market. The U.S, U.K and Germany show high adoption rates for chondroitin sulfate as compared to rest of the world due to rise in awareness amongst people toward osteoarthritis diagnosis, targeted efforts of government and non-governmental organizations towards osteoarthritis management, developed healthcare infrastructure, high prevalence of the disease in the region etc. Developed countries such as Australia and Japan are favorable for the growth of the market. Developing countries like India, Brazil, and Italy shows the potential growth during forecast period 2017-2025. There is less awareness toward osteoarthritis in the under developed countries and the disease is often misdiagnosed which can restrain the growth of the market during the forecast period.

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Summary of Table of Content

1 Preface
2 Assumptions and Research Methodology
3 Executive Summary: Global Chondroitin Sulfate Market
4 Market Overview
5 Market Dynamics
6 Global Chondroitin Sulfate Market Analysis and Forecasts, By Application
7 Global Chondroitin Sulfate Market Analysis and Forecasts, By Source
8 Global Chondroitin Sulfate Market Analysis and Forecasts, By Region
9 North America Chondroitin Sulfate Market Analysis and Forecasts
10 Europe Chondroitin Sulfate Market Analysis and Forecasts
11 Asia Pacific Chondroitin Sulfate Market Analysis and Forecasts
12 Middle East & Africa Chondroitin Sulfate Market Analysis
13 Latin America Chondroitin Sulfate Market Analysis
14 Competitive Landscape

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