Glucosamine Price Trend

Glucosamine Prices December 2023

The US glucosamine market had significant price fluctuations in the fourth quarter of 2023. Global trends, especially in Asian countries, raised demand for glucosamine, leading to a price increase in the US near the middle of the quarter. Unfortunately, the price collapsed to 8650 USD/MT, ending the quarter negatively due to rising interest rates and inflation that negatively impacted consumer sentiment.

Glucosamine's price in China surged to 5670 USD/MT by the end of the 4th quarter of 2023. It is impacted by the strong product demand from the pharmaceutical and nutraceutical companies. Also, improvements in China's economic conditions and a rise in domestic and international offtakes contributed to the price increase.

Glucosamine Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Glucosamine Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of glucosamine pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of glucosamine at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of glucosamine price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing glucosamine price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Glucosamine Market Analysis

The global glucosamine market size reached US$ 899.5 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1411.4 Million, at a projected CAGR of 5.10% during 2023-2032.

• The rising geriatric population across the globe suffering from age-related issues, such as osteoarthritis is one of the primary drivers propelling the market growth. This prompts the use of glucosamine to treat and ease the symptoms of osteoarthritis. As per latest findings, the number of individuals with osteoarthritis was 528 million in 2019, which is a 113% rise from 1990. In addition, the percentage of the world's population over 60 will nearly double between 2015 and 2050, rising from 12% to 22%.
• The growing market expansion is also being fueled by a greater awareness of joint health. A common supplement among those looking to maintain their joint health and range of motion is glucosamine. According to a new survey, 53.2 million adults in the US, or 1 in 5 adults, have been diagnosed with arthritis.
• The high incidence of obesity also has a significant effect on the need for glucosamine. Joint deterioration is made worse by this condition's mechanical stress and inflammation. In the United States, 20.5% of adults who are overweight and 27.5% of those who are obese reported having a doctor diagnose arthritis between 2019 and 2021, according to the National Health Interview Survey.
• The growing popularity of wellness products is also fueling the glucosamine market's growth. The need for supplements that support and improve physical performance and recuperation, like glucosamine, has increased as people become more active. The Global Wellness Institute projected that the global wellness market would be valued $5.6 trillion by 2022, a 14% increase over 2019 forecasts.

Glucosamine News

The report covers the latest developments, updates, and trends impacting the global glucosamine market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in glucosamine production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the glucosamine price trend.

Latest developments in the glucosamine industry:

• In July 2021, Nestlé China unveiled a range of health snacks designed especially for seniors. One product in the range is glucosamine-enriched milk powder, which is intended to improve bone density and address the mobility demands of senior citizens.
• In August 2020, A new food supplement called Onaceron Forte was created by Jadran-galenski laboratorij d.d. (JGL) in response to the rising demand for joint health products. This deliberate initiative harnesses the benefits of key components, including glucosamine, chondroitin, vitamin C, and the special chemical Mobilee.

Product Description

Glucosamine is a natural sugar that existed in liquid form around the joints. This amino sugar is also used by the body to make other chemicals that build tendons, ligaments, and cartilage. It is available in the form of N-acetyl glucosamine, glucosamine hydrochloride, and glucosamine sulfate.

On the industrial scale, glucosamine is obtained from chitin, which is found in crabs, lobsters, and shrimp. There are several steps in the production process, such as raw material processing, chitin deacetylation, hydrolysis, purification, concentration, and packaging.

Glucosamine is used to treat osteoarthritis, glaucoma, joint pain, jaw pain, interstitial cystitis, and multiple sclerosis. It inhibits the onset of joint issues, encourages normal bone formation, lowers inflammation, and helps the body produce more cartilage and fluids around joints.

Regional Coverage

The report provides a detailed analysis of the glucosamine market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the glucosamine price trend.

Global Glucosamine Price

The report offers a holistic view of the global glucosamine pricing trends in the form of glucosamine price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of glucosamine but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed glucosamine demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Glucosamine Price

The last quarter of 2023 had a mixed trend for the glucosamine market in the European region. Because there was a large supply of products and a high product supply at first, the market encountered several difficulties. However, December saw a surge in pricing as a result of rising Chinese prices and increased product demand in Germany.

This analysis can be extended to include detailed glucosamine price information for a comprehensive list of countries.

North America Glucosamine Price

The North American glucosamine market witnessed a blend of positive and negative price trends in Q4FY2023. These mixed trends were caused by fluctuating demand from end users, surplus product inventory, and declining consumer confidence because of rising interest rates. Beyond this, the global trends, especially in Asia, drove market sentiment and price trends in North America.

Specific glucosamine historical data within the United States and Canada can also be provided.

Middle East and Africa Glucosamine Price

The report explores the glucosamine pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on glucosamine prices for countries can also be provided.

Asia Pacific Glucosamine Price

In Asia Pacific, the price of glucosamine witnessed a positive trend during the final quarter of 2023. This is attributed to increased demand from end-user industries that were experiencing robust growth due to favorable economic conditions and increased new business inflows. Also, the fresh inquiries from international markets further contributed to the positive price trends.

This glucosamine price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Glucosamine Price

The analysis of glucosamine prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of glucosamine pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting glucosamine price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The glucosamine price charts ensure our clients remain at the forefront of the industry.