SAN FRANCISCO, April 14, 2016 /PRNewswire/ --
The global glucosamine market is expected to reach USD 757.3 million by 2022, according to a new report by Grand View Research, Inc. Growing application scope of the product in the manufacturing of nutritional supplements which aid in the prevention of osteoarthritis among consumers is expected to fuel demand over the next seven years.
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Increasing number of vegan consumers particularly in developed countries including U.S. is expected to be another driver for the industry over the forecast period. The product is primarily manufactured from crustaceans including shrimp and crab; however, Cargill and Cyanotech have pioneered vegetarian glucosamine by extracting the ingredient from 'aspergillus niger' fungi.
Increasing population, rapidly growing healthcare industry and consumer awareness regarding joint and bone health is expected to fuel use of glucosamine in various food & beverage products. In addition, supporting regulatory framework in Europe regarding product use in the manufacturing of food & beverages is expected to propel industry growth over the next seven years. However, increasing number of substitutes including fish oil and omega-3 may challenge product demand over the forecast period.
Browse full research report with TOC on "Glucosamine Market Analysis By Application (Nutritional Supplements, Food & Beverages, Dairy Products) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/glucosamine-market
Further key findings from the report suggest:
Grand View Research has segmented the global glucosamine market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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