According to a new report, published by KBV research, The Global Glucosamine Market size is expected to reach $1.3 billion by 2030, rising at a market growth of 5.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 75,149.87 Tonnes, experiencing a growth of 4.2% (2019-2022).
The Supplement segment is generating highest revenue in the Global Glucosamine Market by Application in 2022; thereby, achieving a market value of $954.8 Million by 2030. The supplement segment has seen advancements in formulations, including the development of more bioavailable versions of glucosamine through advanced delivery systems such as nanotechnology, liposomal delivery, and microencapsulation. Advancements in the supplement industry include the ability to create customized formulations, allowing manufacturers to combine glucosamine with other joint-supporting ingredients, vitamins, or minerals.
The Glucosamine Hydrochloride segment is experiencing a CAGR of 5.5% during (2023 - 2030). Glucosamine hydrochloride is often chosen as a shellfish-free alternative, addressing concerns about shellfish allergies. The availability of a non-shellfish-derived option broadens the market reach of glucosamine, attracting individuals with specific dietary restrictions or allergies. Glucosamine hydrochloride is available in various supplement formulations, including capsules, tablets, and powders. Athletes and fitness enthusiasts embrace glucosamine hydrochloride as a preventive measure against joint stress and injuries.
Full Report: https://www.kbvresearch.com/glucosamine-market/
The Asia Pacific region dominated the Global Glucosamine Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $607.1 Million by 2030. The North America region is anticipated to grow at a CAGR of 4% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 4.8% during (2023 - 2030).
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Product (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
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