Global Glucosamine Market to reach USD XXX billion by 2027.Global Glucosamine Market is valued approximately USD XXX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Glucosamine is a popular supplement for treating osteoarthritis in the knees. Thus, it is mostly used for the people having problems in the knees, ligaments, knee caps and lack of knee liquid making capacity. Increasing prevalence of arthritis cases worldwide and increase in the number of obese populations are factors contributing to the market growth. For instance: according to United Nations, Department of Economic and Social Affairs, in 2019, the world's population of people 65 years or above totaled 703 million. In 2050, the number of elderly people is expected to increase to 1.5 billion. Thus, with an increase in the aged people worldwide, the demand for the Glucosamine is expected to rise in the near future. However, Lack of supply of raw materials and lack of transparency and supervision in the supply chain impedes the growth of the market over the forecast period of 2021-2027. Also, increasing number of geriatric populations and increasing shift towards inactive lifestyle is likely to increase the growth of the market in the forecasting period.

The regional analysis of global Glucosamine market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation, North America is the significant region in terms of largest market share, across the world owing to increasing use of nutritional supplements Whereas, Europe is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing government initiatives would create lucrative growth prospects for the Glucosamine market across European region.

Major market player included in this report are:
Ricci & Co
DNP International
Hygieia Health
Ethical Naturals
Cargill India Pvt Ltd
Koyo Chemical Co., Ltd.
Schiff Nutrition International Inc.
Zhejiang Aoxing Biotechnology Co., Ltd.
Panvo Organics Pvt. Ltd.
Golden Shell Pharmaceutical Co Ltd




The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Nutritional Supplements
Food & Beverages
Dairy Products
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Glucosamine Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors