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N-acetylglucosamine Being Studied for Treatment of COVID-19 Patients

N-acetylglucosamine is being investigated as the first-line treatment for coronavirus positive patients. Along with remdesivir approved as a standard care in emergency use, N-acetylglucosamine holds promising potentials for the treatment of COVID-19 patients. This is creating revenue opportunities for manufacturers in the acetylglucosamine market during the ongoing pandemic.

In order to keep economies running, manufacturers in the acetylglucosamine market are focusing on essential products such as dietary supplements and pharmaceuticals to establish stable income sources during the pandemic. Companies need to address changing demand and supply trends due to poor market sentiments. eCommerce is growing popular for maximizing sales of acetylglucosamine-induced products. Stock-buying of therapeutics is another driver contributing toward market growth.

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Acetylglucosamine-induced Dietary Supplements Help Increase Joint Lubrication

The high prevalence of osteoarthritis is emerging as a key driver of the acetylglucosamine market. The market is expected to register a favorable CAGR of 7.3% during the forecast period. Acetylglucosamine-induced dietary supplements help to increase joint lubrication. However, possible side effects such as constipation, heartburn, and nausea are affecting adoption rates of acetylglucosamine induced dietary supplements. As such, long-term safety of N-acetylglucosamine supplements is generally regarded as safe (GRAS) by the U.S. Food and Drug Administration (FDA).

Apart from arthritis, acetylglucosamine therapeutics are efficacious for inflammatory bowel disease (IBD) and multiple sclerosis. N-acetylglucosamine may help to reduce the severity and recurrence of IBD. The effects of glucosamine appear to increase when combined with chondroitin for arthritis patients.

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Skincare Products Create Revenue Opportunities for Acetylglucosamine Manufacturers

The acetylglucosamine market is projected to cross the production of 114,355 tons by 2031. N-acetylglucosamine is found to reduce facial hyperpigmentation by inhibiting the melanin production and protecting skin cells from free radicals. Hence, manufacturers are unlocking value-grab opportunities in cosmetics and personal care products.

N-acetylglucosamine is being investigated for brightening the skin complexion and its anti-ageing properties, which help to alleviate age spots of accumulated skin damage over a period of time, owing to excessive exposure to UV (ultraviolet) radiation. Companies in the acetylglucosamine market are increasing research in the skin brightening effects of N-acetylglucosamine, which is further boosted when mixed with niacinamide in skincare formulas.

Skincare Serums Formulated with Vitamin B3 Help Correct Uneven Skin Tones

The acetylglucosamine market is expected to surpass the value of US$ 913.4 Mn by 2031. Acetylglucosamine is being publicized as a new alternative to AHA (Alpha Hydroxy Acid) in skincare products. Acetylglucosamine is also linked with benefits such as reducing wrinkles, hydrating the skin, and inhibiting the production of skin pigment melanin. The Neostrata Illuminating Serum is gaining popularity as a tone correcting concentrate, which helps to reduce the appearance of skin discoloration.

Manufacturers in the acetylglucosamine market are boosting the production of skincare serums formulated with vitamin B3 and C in order to correct uneven skin tones and target dark spots. Online reviews and recommendations are influencing the buyer’s decisions.

Online Reviews on Supplement Products Help Manufacturers to Gain Repeat Customers

Plant-based therapeutic supplements are in demand in the acetylglucosamine market. Since dietary supplements are predicted to dominate the highest revenue share among all application types in the market, companies are bullish on market expansion in this sector. Since acetylglucosamine is a type of amino sugar, it helps to lubricate the joints and cartilage to protect them from damage.

The increasing need for joint flexibility and mobility is being created by osteoarthritis patients. Manufacturers in the acetylglucosamine market are taking advantage of this opportunity to boost production in supplements that exhibit potent anti-inflammatory activity. They are also developing capsules that help the skin to reduce dark spots caused by aging and sun exposure. Online reviews on supplement products are helping manufacturers to gain repeat customers.

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Analysts’ Viewpoint

Manufacturers in the acetylglucosamine market are ensuring robust supply chains for healthcare systems and online pharmacies in order to generate revenue flow in the global economy during the ongoing COVID-19 pandemic. Manufacturers are establishing stable revenue streams in supplements for osteoarthritis, IBD, and multiple sclerosis patients. On the other hand, the high price of skincare serums induced with N- acetylglucosamine is affecting product uptake. Hence, skincare brands should increase awareness and educate consumers about the benefits of combining N-acetylglucosamine with vitamin B and C in skincare serums that help to reduce age spots and reduce hyperpigmentation. Manufacturers should boost the production of skin brightening serums to capitalize on the needs of women population.

Acetylglucosamine Market: Overview

  • The Europe market value for acetylglucosamine is estimated to be US$ 155.6 Mn in 2021, as per a recent study by Transparency Market Research (TMR). According to the study, the market is expected to reach US$ 281.5 Mn, at a CAGR of 6.1%.
  • South Asia and East Asia are the major regions projecting the highest growth rate of 9.5% and 8.9%, respectively, in the market
  • In terms of application, dietary supplements hold the largest market share globally; however, cosmetics & personal care segment is expected to grow a significant value CAGR of 8% with rising demand for personal care products.
  • Crustaceans is a source of acetyl glucosamine holds the highest share of the global market, and arachnids is expected to grow with a CAGR value of 8.1% during the forecast period (2021-2031)
  • The powder form of acetyl glucosamine holds the highest market share nearly 67.1%
  • Rising consumer awareness regarding health beneficial products will provide market growth opportunities for healthy nutritional supplements. Growing awareness for healthy diets increases the demand for acetyl glucosamine in dietary supplement products.

Acetylglucosamine: Market Frontrunners

  • Growing consumer preference for health supplements has been shaping the acetyl glucosamine market in both developed and developing countries
  • In established markets, consumers are more inclined toward buying value-added products, preferably with health beneficial and other alternatives that increasingly form part of a healthy diet. In developing economies, consumers are more optimistic in comparison to developed economies when it comes to spending, as most consumers emphasize on affordability as a primary purchase decision criterion.
  • The dietary supplements application segment is witnessing significant growth in emerging economies due to the increasing demand for health beneficial supplements, which contains appropriate amount nutrients and other convenient products
  • Acetylglucosamine is available in powder and liquid form wherein the powder form dominates the global market in 2021. Moreover, the liquid form is expected to grow at a CAGR of 7.7% during the forecast period.
  • Acetyl glucosamine is obtained from multiple sources due to which the popularity of crustaceans is anticipated to gain the highest share of the global market in 2021, while fungi, a good source of acetylglucosamine, is likely to expand at a CAGR of 7.7% during the forecast period
  • Acetylglucosamine is used more than 40% in the dietary supplement and gaining popularity in the cosmetics & personal care industry, which is projected to expand at a CAGR of 8% during the forecast period
  • Europe is expected to dominate the global market followed by North America. Together, both the regions hold more than 60% share of the global market. However, this market in South Asia and East Asia is expected to show significant growth during the forecast period.

Acetylglucosamine Market: Trends

  • Growing Quest for Nutritional Supplements

Rising awareness about the quality of life that contributes to good health has led to consumers' inclination toward healthy diet regimes and lifestyle changes. Obesity is increasing and becoming a serious concern of consumers nowadays, due to sedentary lifestyles and food eating habits. Consumers are demanding supplements that have potent health benefits.

Nutritional supplements that contain acetyl glucosamine provide support for joint health with necessary nutrients for overall health. Acetyl glucosamine also acts as an alternative for sugar in dietary supplements, which is expected to benefit the market.

According to the World Health Organization (WHO), obesity and overweight are main causes of cardiovascular diseases or chronic diseases, and cardiovascular diseases are the major cause of the highest number of death globally

  • Rising Consumer Awareness Regarding Health Beneficial Products

Health and wellness are the core concerns among consumers in both, developing and developed countries. Increasing pollution, busy lifestyle, excessive working hours, and rapid urbanization are the major factors affecting human health. Due to this, consumers all around the world are becoming more health-conscious, which results in increased consumption of health-beneficial food products as well as supplements.

The millennial population consumes supplement products to maintain the everyday energy level of the body. Consumers from an average working-class consume energy supplements and drink products for the prevention of energy deficiency, owing to the exhaustion of work and other activities. These are the key factors fueling the demand for health beneficial supplements, which are beneficial to the growth of the global acetylglucosamine market.

  • Increased Customer Demand for Transparency, Traceability

Consumers are eager to know how their food is prepared or produced, where it comes from, what is a source of ingredients, and what quality of ingredients are used for the production of finished food items. Growing awareness regarding the harmful effects of adding chemicals and pesticides in food items has led to consumers’ demanding transparency.

With the help of technological enhancement, customers can trace the journey of the finished food items from their source to consumption, to ensure the safety and quality of food items. The highlights on food safety issues in the past has develop a heightened awareness of potential safety risks behind what customers are consuming. Consumers have increased the demand for the transparent and traceable production process that drives the growth opportunity for acetylglucosamine.

Acetylglucosamine Market: Strategies

  • The producers are focusing to establish efficient manufacturing facilities with high-quality production quality. Manufacturers are also investing in research, innovation, and development of products and enhancing their advanced technological facilities. Furthermore, key manufacturers are collaborating with various international companies to accelerate their product development. Manufacturers also perform in-house modern laboratory tests before dispatching the products. This helps the companies to perform quality checks over raw material as well as the final product.
    • Amicogen, Inc. establishes state-of-the-art information technology and lean manufacturing practices that help in producing high-quality products at affordable prices. The state-of-the-art manufacturing facility of the company uses the most advanced technology in producing innovative products.

Acetylglucosamine Market: Key Players

Key players in the market includes

  • Bio-gen Extracts Private Limited
  • AdvoCare, Amicogen, Inc.
  • Golden-Shell Pharmaceutical
  • Zhejiang Fengrun Biotech Co., Ltd.
  • Merck KGaA
  • Carl Roth
  • Yaizu Suisankagaku
  • Kaneka Corporation
  • Ethical Naturals Inc.
  • NOW Foods
  • Beloor Bayir
  • Vitaco Health Limited
  • Pure Encapsulations, LLC
  • Kraeber & Co GmbH
  • Source Naturals, Inc.
  • NutriCology

Acetylglucosamine Market Snapshot

Attribute

Detail

Market Size Value in 2021 (Base Year)

US$ 450.2 Mn

Market Forecast Value in 2031

US$ 913.4 Mn

Growth Rate (CAGR)

7.3%

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Value & Tons for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porters Five Forces analysis, supply chain analysis, parent industry overview, etc.

Competition Landscape

  • Market Share Analysis by Company (2021)
  • Company Profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, key financials, etc.

Format

Electronic (PDF) + Excel

Market Segmentation

  • Form
    • Powder
    • Liquid
  • Source
    • Crustaceans
    • Fungi
    • Arachnids
    • Others
  • Application
    • Dietary Supplements
    • Pharmaceutical
    • Cosmetics & Personal Care
    • Others

Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle east & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Companies Profiled

  • Bio-gen Extracts Private Limited
  • AdvoCare
  • Amicogen, Inc.
  • Golden-Shell Pharmaceutical
  • Zhejiang Fengrun Biotech Co. Ltd.
  • Merck KGaA
  • Carl Roth
  • Yaizu Suisankagaku
  • Kaneka Corporation
  • Ethical Naturals Inc.
  • NOW Foods
  • Beloor Bayir
  • Vitaco Health Limited
  • Pure Encapsulations, LLC
  • Kraeber & Co GmbH
  • Source Naturals, Inc.
  • NutriCology

Customization Scope

Available upon Request

Pricing

Available upon Request

Acetylglucosamine Market – Scope of Report

Transparency Market Research (TMR) has recently published a market study on the acetylglucosamine market. It provides a detailed assessment of key market dynamics, including the drivers, trends, opportunities & restraints, and detailed information about the acetylglucosamine market structure. The market study presents exclusive information about how the acetylglucosamine market will grow during the forecast period of 2021-2031.

Key indicators of market growth, which include year-on-year (Y-o-Y) growth of the market, value chain, supply chain analysis, and compounded annual growth rate (CAGR) are elaborated in the study in a comprehensive manner. This information is intended to help readers understand the quantitative growth prospects of the acetylglucosamine market during the forecast period.

The study is intended to offer a holistic market overview to stakeholders in the acetylglucosamine, including manufacturers, suppliers, distributors, cultivators, brands and investors, and to help them develop winning growth strategies. Stakeholders in the acetylglucosamine market, which include investors, industry experts, researchers, and journalists, and business researchers, can leverage the information and data presented in TMR’s study.

The study also includes statistics and facts related to the macro as well as microeconomic factors that are impacting expansion of the market. It also offers actionable insights into the future trends in the acetylglucosamine market. Furthermore, small businesses and new entrants in the acetylglucosamine market can make use of the information presented in this study based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Questions Answered in TMR’s Report on Acetylglucosamine Market

  • Which country will continue to remain the most profitable market for acetylglucosamine market players?
  • Which factors will induce a change in the demand for acetylglucosamine during the assessment period?
  • How will the changing trends impact the acetylglucosamine market?
  • How can market players capitalize on the low-hanging opportunities in the acetylglucosamine market in developed countries?
  • Which companies are leading the acetylglucosamine market?
  • What are the winning strategies of stakeholders in the acetylglucosamine market to catapult their position at the forefront?

Acetylglucosamine Market – Research Methodology

In TMR’s study, a unique research methodology is used to conduct extensive research on the growth of the acetylglucosamine market and identify future growth parameters. This research methodology is a combination of primary and secondary research, to help analysts ensure the accuracy and reliability of the conclusions.

Secondary sources referred to by analysts for compiling the acetylglucosamine market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary source.

Information acquired from primary and secondary sources is compiled in a comprehensive manner. This also acts as a validation from companies in the acetylglucosamine market, which makes TMR’s projections more accurate and reliable.

Acetylglucosamine Market - Segmentation

TMR’s study on the acetylglucosamine market offers information divided into important segments — form, source, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Form
  • Powder
  • Liquid
Source
  • Crustaceans
  • Fungi
  • Arachnids
  • Others
Application
  • Dietary Supplements
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Others
Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

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Acetylglucosamine Market