Home » Business, Food & Beverage, Manufacturing & Industry, Marketing & Sales, Science » Glucosamine Market Is Growing At A CAGR Of 13.0% From 2014 To 2020: Hexa Reports
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Hexa Reports Added “Glucosamine Market” Report to there Database, which is expected to reach USD 1,246.4 million by 2020. Growing geriatric population is expected to boost demand for glucosamine, particularly for the treatment of osteoarthritis which is a common form of arthritis in old age population.

“Global Glucosamine Market” is expected to reach USD 1,246.4 million by 2020. Growing geriatric population is expected to boost demand for glucosamine, particularly for the treatment of osteoarthritis which is a common form of arthritis in old age population. Increasing vegan population and prevalence of shellfish allergies are expected to drive demand for internal substitutes such as vegetarian glucosamine.

Nutritional supplement was the most dominant application of glucosamine with global demand exceeding 20,000 tons in 2013 owing to increasing health awareness among the working population. Dairy products were a niche application segment in 2013 but are expected to provide vast opportunity for glucosamine manufacturers over the next six years, particularly in Japan. Glucosamine consumption in dairy products was valued at USD 24.6 million in 2013 and is expected to reach USD 57.5 million by 2020, growing at a CAGR of 13.0% from 2014 to 2020.


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Further key findings from the study suggest:

Global glucosamine demand was 25,582.5 tons in 2013 and is expected to reach 63,789.5 tons by 2020, growing at a CAGR of 14.0% from 2014 to 2020

Food & beverage is expected to be the fastest growing application for glucosamine owing to popularity of fortified products in Europe and Asia Pacific. Global demand for glucosamine in food & beverage was 4,519.5 tons in 2013 and is expected to grow at a CAGR of 14.6% from 2014 to 2020

U.S. was the largest regional market for glucosamine accounting for more than 30% of global demand in 2013 owing to increased consumption of nutritional supplements. Nutritional supplements are popular in the U.S. owing to growing prevalence of lifestyle associated diseases such as arthritis in the country.

Japan is expected to be fastest regional market growing at a CAGR of 16.1% from 2014 to 2020 owing to increasing application scope for glucosamine. The ingredient is being added to food & beverages and dairy products owing to consumer preference towards fortified foods in comparison to nutritional supplements.

Key market participants include Alcan Chemical Division, Xiamen Blue Bay Science & Technology Co. Ltd., Alfa Chem, Triarco Industries Inc., Cargill Inc., Synasia Inc., Dalian Lijian Bio-Technology Development Co. Ltd., Simply Supplements, Dee Pharmaceuticals Ltd., Schiff Nutrition International Inc., Ethical Naturals Inc., Promax Nutrition Corp., FabriChem Inc., Nutrilite, Golden-Shell Biochemical Co. Ltd., Nutramax Laboratories Inc., Koyo Chemical Company Limited, and Navamedic ASA.


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For the purpose of this study, Grand View Research has segmented the global glucosamine market on the basis of application and region:

Glucosamine Application Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020)

Nutritional Supplements
Food & Beverages
Dairy Products

Glucosamine Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020)

U.S.
Europe
Japan
Asia Pacific
RoW


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Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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