Glucosamine Market Size Worth $1.39 Billion By 2032 | CAGR: 5.0%

The global glucosamine market size is expected to reach USD 1.39 billion by 2032, according to a new study by Polaris Market Research. The report “Glucosamine Market Share, Size, Trends, Industry Analysis Report, By Product (Glucosamine Sulfate, Glucosamine Hydrochloride, N-acetyl Glucosamine, Others), By Application (Supplement, Food & Beverages, Others), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The product's usage in the production of nutritional supplements is expanding, specifically in supplements designed to prevent osteoarthritis among consumers. This broadening application scope is anticipated to drive demand in the upcoming years. As awareness about joint health and osteoarthritis prevention grows, consumers are seeking effective solutions. Nutritional supplements containing this product are becoming increasingly popular due to its potential benefits in preventing osteoarthritis. This demand is expected to rise as more people recognize the importance of proactive joint care and turn to nutritional supplements as a preventive measure. Consequently, the product's incorporation in these supplements is expected to fuel its demand in the market over the coming years.

The industry is expected to experience growth due to the rising number of vegan consumers. This trend is anticipated to drive the demand for products that cater to vegan dietary preferences. While the product is traditionally derived from crustaceans such as shrimp and crab, companies like Cargill and Cyanotech have introduced a pioneering approach by developing vegetarian glucosamine. This innovation involves extracting the ingredient from the 'aspergillus niger' fungi, offering a plant-based alternative that aligns with the preferences of vegan consumers.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/glucosamine-market/request-for-sample

The rising global population, coupled with the rapidly expanding healthcare sector and growing consumer awareness about joint and bone health, is anticipated to drive the incorporation of glucosamine into a variety of food and beverage products. Furthermore, the supportive regulatory framework in developed nations concerning the use of this ingredient in the production of food and beverages is expected to boost industry growth in the coming seven years.

However, there are challenges on the horizon. The increasing availability of substitutes such as fish oil and omega-3, which also offer joint health benefits, might pose a threat to the demand for glucosamine-containing products in the forecast period. As consumers have more options to choose from, the market for glucosamine-based products could face competition from these alternatives, impacting the overall demand for glucosamine in the food and beverage industry.

Glucosamine Market Report Highlights

• Glucosamine sulfate segment dominated the market, as it widely used in the dietary and pharmaceutical applications
• Glucosamine hydrochloride segment will grow at substantial pace, owing to its wide usage in dietary ingredient for joint health
• Supplements held the largest share, primarily due to its usage in food supplement in daily staples
• Asia Pacific dominated the market, owing to rising population, rise in disposable income, and surge in health & awareness among consumers
• The global players include Alfa Chemical, Amway, Cargill, CELLMARK, Golden-Shell Pharmaceutical, Koyo Chemical, Laboratoires Expanscience, Nutramax Laboratories Consumer Care, and Simply Supplements.

Polaris Market Research has segmented the glucosamine market report based on product, application, and region:

Glucosamine, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Glucosamine Sulfate
• Glucosamine Hydrochloride
• N-acetyl glucosamine
• Others

Glucosamine, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Supplement
• Food and Beverage
• Others

Glucosamine, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Glucosamine Market Report Scope