LAMEA Glucosamine Market

LAMEA Glucosamine Market Size, Share & Trends Analysis Report By Application, By Product (Glucosamine Sulfate, Glucosamine Hydrochloride, N-acetyl Glucosamine, and Others), By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-19915 Publication Date: January-2024 Number of Pages: 111
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Analysis of Market Size & Trends

The Latin America, Middle East and Africa Glucosamine Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 8,463.58 Tonnes, showcasing a growth of 6.7% (2023-2030).

Ongoing innovation in delivery systems, such as nanotechnology, liposomal delivery, and microencapsulation, is aimed at enhancing the bioavailability and efficacy of its supplements. Improved delivery systems contribute to better absorption, potentially increasing the effectiveness of these supplements and enhancing the overall consumer experience. The convergence of technology and health has led to smart supplements and applications that track joint health and provide personalized recommendations. Consumers are increasingly interested in health-tracking solutions and incorporating it into smart health devices aligns with this trend, offering a holistic approach to wellness.

Innovation in delivery systems, such as nanotechnology, liposomal delivery, and microencapsulation, aims to improve the bioavailability of the supplements. Enhanced absorption and targeted delivery may lead to increased efficacy, allowing consumers to experience the benefits of these more effectively. Companies are exploring plant-derived sources of these to cater to consumers with dietary restrictions, allergies, or ethical considerations. Plant-based alternatives broaden the market reach and align with the increasing demand for plant-based and vegetarian products. Offering it in various dosage forms, including gummies, liquids, and powders, to provide consumers with options that suit their preferences.

The UAE population is increasingly health-conscious, focusing on preventive measures for overall well-being. Consumers in the UAE prefer natural and herbal remedies for health issues. The UAE follows global health and wellness trends, contributing to adopting joint health supplements. Easy accessibility contributes to the increasing use of glucosamine among UAE consumers. The UAE has witnessed a surge in fitness and active lifestyle trends. The UAE is a hub for wellness tourism, attracting individuals seeking health-focused experiences. Traditional remedies and natural supplements are culturally accepted in the UAE. Therefore, due to these aspects, the market will expand across the LAMEA region in upcoming years.

The Brazil market dominated the LAMEA Glucosamine Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $27.6 Million by 2030. The Argentina market is showcasing a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.2% during (2023 - 2030).

Free Valuable Insights: The Worldwide Glucosamine Market is Projected to reach USD 1.3 Billion by 2030, at a CAGR of 5%

Based on Application, the market is segmented into Supplement, Food & Beverage, and Others. Based on Product, the market is segmented into Glucosamine Sulfate, Glucosamine Hydrochloride, N-acetyl Glucosamine, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • Teva Pharmaceutical Industries Ltd.
  • Laboratoires Expanscience S.A.
  • Nutramax Laboratories, Inc.
  • Amway Corporation
  • CellMark AB
  • Alfa Chemical Group
  • Cargill, Incorporated
  • Simply Supplements
  • Reckitt Benckiser Group PLC
  • Panvo Organics Pvt Ltd.

LAMEA Glucosamine Market Report Segmentation

By Application (Volume, Tonnes, USD Billion, 2019-2030)

  • Supplement
  • Food & Beverage
  • Others

By Product (Volume, Tonnes, USD Billion, 2019-2030)

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

By Country (Volume, Tonnes, USD Billion, 2019-2030)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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