Glucosamine Market Revenue Is Expected To Grow Rapidly Owing To Enhanced Usage In Anti-Inflammatory Applications Till 2020: Grand View Research, Inc.

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New Market Research Reports Title Global Glucosamine Market Analysis Size And Segment Forecasts To 2020 Has Been Added to Report Database

Worldwide glucosamine market is anticipated to undergo considerable growth over the coming years. Glucosamine relieves the joint pains and also plays vital role as the ingredient for curing of osteoarthritis to sustain health of cartilages in joints. Additionally, glucosamine is also used as an agent in transdermal cream used for treating body and joint pain. It is naturally found in human body, although, glucosamine level drops with rise in age leading to joint deterioration.

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Hydrochloride formulations in combination with chondroitin sulfate are commercially existing products in the market. Cyanotech and Cargill have pioneered the vegetarian flucasomine market as they extracted the component called áspergillus niger from fungi.  Furthermore, escalating vegan population has led to various other firms such as Ethical naturals, DNP International and Hygieia health to supply vegetarian sourced ingredients in the industry. Raw material suppliers are focusing on promotion of GRAS status for their products owing to the rapid growth of the market.

Based on application, the glucosamine market is segmented into dairy products, nutritional supplements, beverages and food.  Currently, Nutritional supplements are the leading market due to its high popularity among health conscious working population. Augmented disposable income of consumers has further increased the intake of nutrional supplements to cope up with changing lifestyles.  On addition, Beverages and food coupled with dairy products are relatively new application for the industry .These applications are popular in Japan and Europe in comparison to the U.S, where supplements are more in demand.

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In terms of consumption volume, the U.S dominated the glucosamine market owing to increased prevalence of arthritis that led to augmented demand for joint care supplements in the region.  Japan holds the huge old age population density; hence it was the significant contributor to the glucosamine market.

Several glucosamine based products such as dairy products and sports drinks are introduced in the market resulting into improved application scopes over the forecast period. The worldwide glucosamine is segmented with huge number of small scale manufacturers and suppliers catering to local markets. Major firms operating in the market are Synasia Inc., Simply Supplements, Alfa Triarco Industries Inc., and Dee Pharmaceuticals Ltd.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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