Chondroitin Sulfate Market Size, Share, Growth Analysis, By Source(Bovine, Swine), By Application(Nutraceuticals, Pharmaceuticals) - Industry Forecast 2024-2031

Chondroitin Sulfate Market size was valued at USD 1.21 Billion in 2021 and is poised to grow from USD 1.25 Billion in 2022 to USD 1.65 Billion by 2030, at a CAGR of 3.5 % during the forecast period (2023-2030).

The increased demand for nutraceutical products and the rising prevalence of osteoarthritis are expected to be the main drivers of chondroitin sulfate demand. The need for the source is anticipated to increase since pharmaceutical-grade chondroitin sulfate is mostly used to treat UTIs, cataracts, and osteoarthritis. Additionally, it is used in the form of drugs to lower the amount of sugar in the blood, stop the spread of tumors, and enhance liver function. Additionally, the growing demand for its use for the management of osteoarthritis and a number of other ailments is predicted to support the rise of the overall market.

Chondroitin sulfate is made up of a lengthy chain of sugars, including glucuronic acid & N-acetylgalactosamine. Chondroitin sulfate can be found in varying amounts in the cartilage, joints, and connective tissues of people. Regular chondroitin sulphate consumption leads to improved joint performance. The item can also be used as an eye spray for dry eyes and in veterinary treatment. Demand on the market is significantly influenced by both meat and the industry that produces it. The market has expanded as a result of increased meat consumption and strong demand from the pet industry for meat-based sources. Animal parts employed in a variety of industries, including kidneys, spleen, liver, brains, & the lungs, are of great nutritional value.

Animal glands and organs, for instance, are used medically in a number of nations, such as Japan, China, and India. Tallow, meat meal, fertilizer, and pet food are all made from the intestines of animals. A source of vitamin B12 and a nutritional supplement, liver extract of pigs and cows is also used to treat various types of anemia. Fish waste that is too bone-heavy or includes a lot of oil is converted into industrial products and feed. Collagen and chondroitin sulphate, which are components in several medicinal, nutraceutical, aesthetically pleasing, and food products, are also obtained from cartilage.

The increasing demand for meat as well as meat products has led to a rise in animal deaths. The fact that cartilage collected after slaughter serves as the chemical's source has been quite useful to those who make it. One of the most common musculoskeletal conditions affecting the elderly is osteoarthritis. Affected joints ache and have limited range of motion. Osteoarthritis is treated with chondroitin sulfate to lessen inflammation, halt the condition's development, and improve associated symptoms. It is projected that osteoarthritis will become more popular as it becomes more common in industrialized countries including the U.S. and the U.K., amongst others.

US Chondroitin Sulfate Market is poised to grow at a sustainable CAGR for the next forecast year.