Growing Nutraceutical Demand and Aging Population to Shape Glucosamine Market Growth

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Glucosamine is a naturally occurring compound found in shellfish and fungi that is used to help with joint pain and mobility. Glucosamine supplements are commonly taken as tablets or capsules for osteoarthritis and joint pain.

The Global Glucosamine Market is estimated to be valued at US$ 763.7 Mn in 2020 and is expected to exhibit a CAGR of 5.2% over the forecast period 2020 To 20297 Glucosamine is an amino sugar that is naturally produced in the human body and found in the fluid surrounding joints. It is used to treat osteoarthritis and is sold as a dietary supplement. Glucosamine helps in reducing pain and disability caused by osteoarthritis. It acts as a building block for glycoproteins and glycosaminoglycans that are essential components of cartilage and synovial fluid in the joints. Glucosamine supplements aid in protecting cartilage and stimulating its repair and regeneration. With its versatility in applications and effectiveness in relieving joint pain, the demand for glucosamine is increasing globally. Key Takeaways - Key players operating in the Glucosamine Market are Bio-gen Extracts Private Limited, Panvo Organics Pvt Ltd, Pharma Base S.A., CAPTEK Softgel International Inc., TSI Health Sciences, Inc., Cargill, CellMark Chemicals, Andra Medi Pharma Pvt. Ltd, Zhejiang Conco Pharmaceutical Co., Ltd. - Increasing prevalence of osteoarthritis and other joint disorders is a major factor driving the <a href="https://www.coherentmarketinsights.com/market-insight/glucosamine-market-4345">Glucosamine Market Growth</a>. According to estimates, over 30 million Americans suffer from osteoarthritis. - Technological advancements are helping improve the purity and bioavailability of glucosamine products. New delivery forms like fast-dissolving tablets and gummies are gaining popularity.  Market Trends - Growing elderly population- With age being one of the primary risk factors for osteoarthritis, the rising geriatric demographic globally is raising the incidence of joint disorders and boosting the Glucosamine Market. - Increasing demand for plant-based and vegan supplements- The advent of vegetarian and vegan lifestyle has created opportunities for manufacturers to develop plant-based glucosamine supplements extracted from seaweed or fungi. Market Opportunities - Potential in nutraceuticals industry- Glucosamine has wide applications as a functional food and nutraceutical ingredient beyond arthritis. This provides numerous opportunities to leverage its health benefits. - Emerging markets- Relatively untapped emerging Asian, Latin American and African markets present ample opportunities for glucosamine manufacturers for future business expansion. Impact of COVID-19 on Glucosamine Market Growth The COVID-19 pandemic had a significant impact on the Glucosamine Market growth globally. During the initial lockdown phases in 2020, the market witnessed substantial decline owing to disrupted supply chains and declining demand across application areas such as dietary supplements and pharmaceutical sectors. However, as the pandemic intensified globally, awareness regarding immunity boosting nutrients surged among consumers. Glucosamine being beneficial for joints and mobility started gaining traction as a supporting nutrient. Various industry players focused on digital marketing initiatives to promote benefits of glucosamine for overall health and wellness. Gradually sales rebounded from mid-2020 as lockdowns eased and production/distribution channels resumed operations with safety protocols. Going forward, companies need to focus on strategic collaborations, leveraging natural trends as well as product innovations to strengthen market position in the post pandemic era. Adopting personalized consumer engagement models through e-commerce platforms will further aid in market expansion. Geographical Regions with Highest Glucosamine Market Value North America accounts for the largest share of Glucosamine Market in terms of value currently. This can be attributed to factors such as rising health consciousness, growing elderly population prone to joint disorders and established nutraceutical industry in the region. Within North America, the United States captures majority market share due to proliferation of supplements industry. Europe holds the second largest position fuelled by presence of major manufacturers and increasing uptake of nutritional joint formulas. The Asia Pacific region demonstrates high growth potential for Glucosamine Market driven by growing middle class, expansion of retail chains as well as conducive regulatory environment across developing nations like India and China accelerating industry growth. Fastest Growing Region for Glucosamine Market The Asia Pacific region is expected to emerge as the fastest growing regional market for glucosamine globally. This growth can be accredited to increasing disposable incomes, rapid urbanization, expanding health supplement sector and rising medical tourism in the region. Additionally, growing focus towards preventive healthcare approaches among consumers will further aid market gains. Countries like India and China with large population base offer lucrative opportunities for manufacturers. Rising awareness about benefits of natural compounds for general wellness along with various promotional activities by industry players are contributing to market demand escalation. Favorable trade agreements are also encouraging international investments and technology transfers augmenting regional market dynamics. Get More Insights On- <a href="https://articlescad.com/glucosamine-market-is-in-trends-by-increasing-consumer-preference-for-joint-health-supplements-184193.html">Glucosamine Market</a>  Get This Report In Japanese Language  <a href="https://www.coherentmarketinsights.com/ja/%E3%82%B0%E3%83%AB%E3%82%B3%E3%82%B5%E3%83%9F%E3%83%B3%E5%B8%82%E5%A0%B4">グルコサミン市場</a> Get This Report In Korean Language  <a href="https://www.coherentmarketinsights.com/ko/%EA%B8%80%EB%A3%A8%EC%BD%94%EC%82%AC%EB%AF%BC%EC%8B%9C%EC%9E%A5-4345">글루코사민 시장</a> About Author: Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. 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