Market Overview:
The global chondroitin potassium market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for chondroitin potassium from the food and pharmaceutical industries. Chondroitin potassium is used as a food additive and as a medicine in various applications such as health foods, dietary supplements, and others. It helps in reducing inflammation, joint pain, and other medical conditions. North America dominates the global chondroitin potassium market due to the presence of major players such as BASF SE (Germany), FMC Corporation (U.S.), Akzo Nobel N.V.(Netherlands), Merck KGaA (Germany), and DowDuPont Inc.(U.S.).
Product Definition:
A sulfated glycosaminoglycan, chondroitin potassium is a structural component of cartilage and is thought to play a role in its resiliency. It has been shown to improve joint function and reduce pain in people with osteoarthritis.
Food Grade:
Food grade chondroitin is a type of chondroitin that has been processed and purified to remove the outer shell, which is then used as an ingredient in food products such as meat & poultry, seafood & chips, and pet food. The product also finds application in pharmaceuticals due to its high glucosamin content. It can be extracted from both animal and plant sources; however it is most commonly obtained from the shells of aquatic animals such as fish or shrimp.
Pharmaceutical Grade:
Pharmaceutical grade is used in the production of chondroitin potassium. It is a fine powder and has high purity, which helps to increase the efficiency of ingredients used in medicines. Pharmaceutical grade products are manufactured using extraction processes that separate components by their molecular weight, size, and other physical properties.
Application Insights:
The others segment includes animal feed, personal care & cosmetics and pharmaceuticals. The product is widely used in the pharmaceutical industry on account of its anti-inflammatory, antidiabetic, and antioxidant properties. It is also used as a food additive for manufacturing dietary supplements. In addition, it finds application in the production of medicines for treating osteoarthritis and rheumatoid arthritis due to its ability to reduce pain by increasing blood flow at joints.
The health food segment held around 40% of the overall market share in 2016 owing to high demand from countries such as China Japan Australia New Zeeland Germany U S A And Canada where consumers are increasingly using natural products derived from plants instead of synthetic or artificial additives that have been proven ineffective or even harmful over time.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to high product demand in countries, such as China, India, Japan and South Korea. In addition, increasing prevalence of osteoarthritis and other joint diseases is anticipated to drive product consumption in nutraceutical sector over the forecast period.
North America was the second largest consumer due to high awareness regarding health benefits associated chondroitin potassium along with presence of major manufacturers in U.S.
Europe accounted for 21% revenue share in 2017 on account of rising demand from Germany and U.K.
Growth Factors:
- Increasing awareness about the benefits of Chondroitin Potassium is expected to drive the market growth.
- Rising demand for natural and organic products is projected to boost the Chondroitin Potassium market growth.
- Growing geriatric population is likely to propel the demand for Chondroitin Potassium in coming years.
- Increasing prevalence of joint pain and arthritis is anticipated to fuel the market growth over forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Chondroitin Potassium Market Research Report
By Type
Food Grade, Pharmaceutical Grade
By Application
Health Food, Medicine, Others
By Companies
Synutra Ingredients, Meitek Technology, Summit Nutritionals, Shandong Yibao Biologics, Jiaxing Hengjie Biopharmaceutical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Chondroitin Potassium Market Report Segments:
The global Chondroitin Potassium market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Health Food, Medicine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Synutra Ingredients
- Meitek Technology
- Summit Nutritionals
- Shandong Yibao Biologics
- Jiaxing Hengjie Biopharmaceutical
Highlights of The Chondroitin Potassium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- By Application:
- Health Food
- Medicine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chondroitin Potassium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chondroitin potassium is a type of supplement that is used to improve joint health. It can help reduce the inflammation and pain that can occur in joints.
Some of the key players operating in the chondroitin potassium market are Synutra Ingredients, Meitek Technology, Summit Nutritionals, Shandong Yibao Biologics, Jiaxing Hengjie Biopharmaceutical.
The chondroitin potassium market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chondroitin Potassium Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chondroitin Potassium Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chondroitin Potassium Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chondroitin Potassium Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chondroitin Potassium Market Size & Forecast, 2018-2028
4.5.1 Chondroitin Potassium Market Size and Y-o-Y Growth
4.5.2 Chondroitin Potassium Market Absolute $ Opportunity
Chapter 5 Global Chondroitin Potassium Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Chondroitin Potassium Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharmaceutical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chondroitin Potassium Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Chondroitin Potassium Market Size Forecast by Applications
6.2.1 Health Food
6.2.2 Medicine
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chondroitin Potassium Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chondroitin Potassium Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chondroitin Potassium Analysis and Forecast
9.1 Introduction
9.2 North America Chondroitin Potassium Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chondroitin Potassium Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharmaceutical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Chondroitin Potassium Market Size Forecast by Applications
9.10.1 Health Food
9.10.2 Medicine
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Chondroitin Potassium Analysis and Forecast
10.1 Introduction
10.2 Europe Chondroitin Potassium Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chondroitin Potassium Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharmaceutical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Chondroitin Potassium Market Size Forecast by Applications
10.10.1 Health Food
10.10.2 Medicine
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Chondroitin Potassium Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chondroitin Potassium Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chondroitin Potassium Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharmaceutical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Chondroitin Potassium Market Size Forecast by Applications
11.10.1 Health Food
11.10.2 Medicine
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Chondroitin Potassium Analysis and Forecast
12.1 Introduction
12.2 Latin America Chondroitin Potassium Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chondroitin Potassium Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharmaceutical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Chondroitin Potassium Market Size Forecast by Applications
12.10.1 Health Food
12.10.2 Medicine
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Chondroitin Potassium Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chondroitin Potassium Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chondroitin Potassium Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharmaceutical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Chondroitin Potassium Market Size Forecast by Applications
13.10.1 Health Food
13.10.2 Medicine
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chondroitin Potassium Market: Competitive Dashboard
14.2 Global Chondroitin Potassium Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Synutra Ingredients
14.3.2 Meitek Technology
14.3.3 Summit Nutritionals
14.3.4 Shandong Yibao Biologics
14.3.5 Jiaxing Hengjie Biopharmaceutical
