Future Market Insights analysis shows that the worldwide Chitosan Oligosaccharides and Glucosamine market is valued at US$ 2,375.1 million in 2023 and is anticipated to reach US$ 5,779.9 million by 2033. Over the next decade, the market is expected to expand at an average CAGR of 9.3%.
Chitosan oligosaccharides and glucosamine are natural compounds derived from chitin, a biopolymer found in the exoskeletons of crustaceans such as crabs and lobsters. These compounds offer various health benefits and have multiple applications.
Chitosan oligosaccharides are commonly used as dietary supplements, functional food ingredients, and animal feed additives. They have also been studied for their potential therapeutic applications in treating cancer, diabetes, cardiovascular disorders, and other diseases. This broad range of uses is driving significant growth in the market.
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Additionally, Glucosamine is used in the treatment of joint pain and inflammation, in patients with osteoarthritis. the cartilage damage and inflammation in joints are reduced by using glucosamine. It has been used in dietary supplements for its potential benefits for healthy skin, hair, and nails.
Key Takeaways from the Chitosan Oligosaccharides and Glucosamine Report:
- By 2033, the market for chitosan oligosaccharides and glucosamine is expected to be worth US$ 5,779.9 million.
- Over the projection period, the demand for glucosamine and chitosan oligosaccharides is anticipated to grow at a 3% CAGR globally.
- According to the form type, the powder market is projected to be worth US$ 4,340.5 million by 2033.
- The dietary supplement market is anticipated to grow at a 6% CAGR by application over the forecast period.
- By 2033, the United States is anticipated to possess a commanding 0% value share of the global market.
- By 2033, the market for chitosan oligosaccharides and glucosamine in India is anticipated to be worth US$ 624.1 million.
- During the forecast period, the value CAGR for the China market is predicted to be 8%.
“As the demand for natural and sustainable products continues to grow, chitosan oligosaccharides and glucosamine are expected to remain popular ingredients in various industries. However, it is important to note that more research is needed to fully understand their potential benefits and any potential side effects or interactions with other compounds. Manufacturers and producers finding growth opportunities by focusing on various Applications to meet the consumers expectation preferences.” – says a lead analyst at Future Market Insights (FMI)
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Who is winning?
Advanced Biopolymers AS, G.T.C. Bio Corporation, Qingdao Fraken, International Trading Co., Ltd., Yantai Shuangta Food Co., Ltd., Amicogen Inc., Zhejiang Golden-Shell Pharmaceutical Co., Ltd., Koyo Chemical Co., Ltd., Haidebei Marine Bioengineering Co., Ltd., Qingdao BZ-Oligo Biotech Co., Ltd., FMC Corporation, Primex ehf, Panvo Organics Pvt Ltd, Golden-Shell Pharmaceutical Co., Ltd.
Companies that manufacture chitosan oligosaccharides and glucosamine are leveraging advancements in technology and science to enhance the quality and effectiveness of their products. They are also focused on improving their manufacturing processes to increase efficiency and reduce costs while ensuring product safety and quality.
For instance,
- In 2021, T.C. Bio Corporation launched a new line of chitosan oligosaccharide products called ChitoMax. These products are designed for use in various applications, including dietary supplements, cosmetics, and agricultural products, and are unique because they are produced using a proprietary extraction process that preserves the natural bioactivity of the chitosan oligosaccharides.
- In 2020, Golden-Shell Biochemical launched a new chitosan oligosaccharide product called Gd0.3. This product is designed for use in animal feed to improve animal health and growth.
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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Chitosan Oligosaccharides and Glucosamine market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights into the Chitosan Oligosaccharides and Glucosamine market based on Source (Shrimp, Crab, Krill, Others), Form (Powder, Liquid), and Applications (Food & Beverages, Dietary Supplements, Pharmaceuticals, Cosmetics & Personal Care) across various regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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