Glucosamine Market: Snapshot
The glucosamine market may gain phenomenal growth across the assessment period of 2020-2030 on the back of the escalating cases of arthritis globally. In addition, the heightening number of the obese populace may further strengthen the growth rate of the glucosamine market during the forecast period.
According to the Centers for Disease Control and Prevention (CDC), from the tenure of 2013-2015, nearly 54.4 mn adults in the U.S. had been told by the doctor that they had some form of arthritis. The CDC also predicts that by the year 2040, over 78 mn (26 percent) U.S. adults from the age of 18 and above will have doctor-diagnosed arthritis. These statistics state the growing influence of arthritis and the urgent need to cure it.
Obesity is also a grave problem worldwide. According to the World Health Organization (WHO), in 2016, more than 1.9 bn adults above 18 years of age were obese. These numbers are expected to rise in the near future due to the rapidly changing lifestyle. Hence, all these aspects indicate that the glucosamine market may harness promising growth during the assessment period.
Glucosamine is a compound that occurs naturally within the cartilage of the joints. It is made from a blend of the chains of sugar and proteins. Glucosamine is generally derived from the shells of the shellfish. It is available in the form of capsules, powder, tablets, gel, and others. It is one of the most common dietary supplements used across humans and pets too. Hence all these aspects bring tremendous growth prospects for the glucosamine market.
This report on the glucosamine market aids the stakeholder to overcome the barriers of fake information and offers a detailed analysis of a plethora of segments. The report provides the 3M (Market trends, Manufacturer analysis. Minute study on regions) advantage to the stakeholder. This advantage proves to be a game-changer for the stakeholder and assures ideal information on all aspects surrounding the glucosamine market.
The report focuses on the impact of the SARS-CoV-2 outbreak and also on the threats that may harm the growth prospects of the glucosamine market. The scrutinized study conducted by the researchers also highlights the opportunities and challenges that the glucosamine market may face during the tenure of 2020-2030.
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Glucosamine Market: Industrial Analysis
The glucosamine market comprises a large number of players across the horizon. The players are always involved in novel product launches and upgrades in glucosamine to attract a massive consumer base. The players invest heavily in research and development activities for discovering new formulations and techniques that will make glucosamine more effective for the end-users.
The players are involved in expansion activities for seamlessly catering to the overwhelming demand. Some well-entrenched players in the glucosamine market are Teva Pharmaceutical Industries Ltd., NOW Health Group, Inc., G.T.C. Union Group Ltd., Mylan N.V., Health World Ltd., and Foodchem International Corporation.
Glucosamine Market: Overwhelming Use across Various End-Uses
The glucosamine market may gain great growth on the back of the rising cases of obesity and arthritis. In addition to food supplements, glucosamine is also used in cosmetics. Glucosamine is also used as a key ingredient in pet foods to relieve aging dogs from joint pain. These factors may further invite immense growth prospects for the glucosamine market.
Glucosamine Market: Regional Prospects
North America’s glucosamine market may record exponential growth across the assessment period of 2020-2030. The rising number of people consuming dietary supplements is increasing rapidly. This aspect may prove to be a significant growth factor for the glucosamine market in North America.
The common use of glucosamine as an over-the-counter prescription drug in developed countries across Europe may generate promising growth for the glucosamine market. Thus, Europe may contribute to the growth of the glucosamine market to a certain extent.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.