Glucosamine Industry Will Witness Significant Growth Owing To Surging Demand Across Various Application Report By 2020:Radiant Insights

Global Glucosamine Market By Application (Nutritional Supplements, Food & Beverages, Dairy Products) Expected To Reach USD 1,246.4 Million By 2020September 2014Global 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.

To Access Complete Research Report on Glucosamine Market, Visit here: 

 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 2020Food & 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 2020U.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.  

To request a free sample copy of this report, click here:

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)o
    • Nutritional Supplements
    • Food & Beverages
    • Dairy Products·
  • Glucosamine Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020)
    • U.S.
    • Europe
    • Japan
    • Asia Pacific
    • RoW

For more details, visit Radiant Insights @ 

About Radiant Insight:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.

Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519