Chondroitin Sulfate Market Size (2024 - 2029)

Chondroitin Sulfate Market Analysis

The Chondroitin Sulfate Market size is estimated at USD 1.31 billion in 2024, and is expected to reach USD 1.56 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).

The COVID-19 pandemic disrupted the chondroitin sulfate supply chain, making it difficult for companies to obtain the raw materials they needed to make the product. For instance, according to the article published by BioMed Central in April 2023, the COVID-19 pandemic led to an increase in malnutrition among the most vulnerable children and disrupted food and nutritional API supply chain systems, including chondroitin sulfate APIs. Thus, the pandemic led to shortages of chondroitin sulfate API, which, in turn, led to increased prices, thereby making it difficult for companies to produce and sell chondroitin sulfate-containing products.

Furthermore, the COVID-19 pandemic led to increased research studies on the potential antiviral properties of chondroitin sulfate, which is projected to drive market growth during the forecast period. For instance, a research study published by the Viruses Journal in February 2022 investigated the potential antiviral effects of high-sulfated glycosaminoglycan (GAG) derivatives, including chondroitin sulfate (CS), against coronaviruses, including SARS-CoV-2. Therefore, looking at the overall scenario, the COVID-19 pandemic substantially impacted the market in its initial phases, owing to supply chain disruptions leading to Chondroitin sulfate API shortages and subsequently increased prices. However, increased research into the potential antiviral properties of Chondroitin sulfate and the exploration of its use in new indications after SARS-CoV-2 infection has driven research and investment in this area.

The significant factors contributing to the growth of the chondroitin sulfate market over the forecast period include the rising occurrence of osteoarthritis cases, which are usually treated with chondroitin sulfate, and the increasing applications of chondroitin sulfate in various sectors. For instance, according to the data released by the World Health Organization (WHO) in July 2023, about 73% of people living with osteoarthritis are older than 55 years, and 60% are female.

In addition, the rising prevalence of osteoarthritis of knees and hands coupled with the increasing aging population and obesity is also projected to drive market growth during the forecast period. For instance, according to the data published by the Institute for Health Metrics and Evaluation (IHME) in August 2023, approximately 1 billion people worldwide are projected to suffer from osteoarthritis by the end of 2050, primarily due to the rising obesity cases. Moreover, according to the data released by the World Health Organization (WHO) in July 2023, about 73% of people living with osteoarthritis are older than 55 years, and 60% are female. Therefore, the high prevalence of osteoarthritis in the aging population is projected to drive market growth during the forecast period. Therefore, the high prevalence of osteoarthritis in the aging population is projected to drive market growth during the forecast period.

With an aging global population, joint-related health issues like osteoarthritis are more prevalent. The demand for Chondroitin sulfate as a supplement for joint health is expected to rise as more elderly individuals seek ways to maintain mobility and manage joint discomfort. For instance, the geriatric population in the European Union (EU) is increasing at a rapid pace. For instance, as per the article published by the World Economic Forum in September 2022, more than 30% of the EU population is expected to be 65 or older by 2100. Therefore, the surging geriatric population in different regions of the world is projected to drive market growth during the forecast period.

Actions by key market players to develop the pharmaceutical segment of chondroitin sulfate are expected to boost market growth. For instance, in March 2022, Livisto launched HYALUTIDIN DC, a nutraceutical product for osteochondrosis in dogs and cats in Egypt. HyalutidinDC is an oral solution composed of hyaluronic acid and chondroitin sulfate with high palatability.

Therefore, the increasing incidence of osteoarthritis and strategic activities by market players are anticipated to drive market growth during the forecast period. However, the adverse effects of chondroitin sulfate are a major factor hindering market growth.

Chondroitin Sulfate Industry Segmentation

As per the scope of the report, chondroitin sulfate is a glycosaminoglycan and is a major component of the extracellular matrix (ECM) of many connective tissues, including cartilage, bone, skin, ligaments, and tendons. In supplements, chondroitin sulfate usually comes from animal cartilage. The chondroitin sulfate market is segmented by source (swine, shark, bovine, synthetic, and others), application (pharmaceuticals, cosmetics, and veterinary), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers values (in USD) for the segments mentioned above. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers values (in USD) for the segments mentioned above.