Usage in Health Supplements Fuels Sodium Chondroitin Sulfate Market

28 August: Sodium Chondroitin sulfate is mostly used to treat cataract, osteoarthritis, urinary tract infections. It is used as a medicine to improve digestive function, lower blood sugar, enhanced liver function, and inhibit tumor metastasis. A human body produces chondroitin sulfate, a chemical in cartilage around joints in the body. It is usually manufactured from animal sources, such as shark and cow cartilage. It is often used in combination with other ingredients, including manganese ascorbate, hyaluronic acid, and glucosamine. 

 

High Demand for Product to Treat Eye Complications

Based on source, sodium chondroitin sulfate market can be segmented as bovine, swine, poultry, shark, and synthetic. The bovine segment is further segmented into nutraceuticals, pharmaceuticals, animal feed, personal care & cosmetics, and others. Bovine segment accounted for the largest segment in 2018 due to its usage in various applications including nutraceuticals, animal feed, and pharmaceuticals.  A byproduct of beef industry is bovine cartilage and it is generated on a large scale around the world. For human consumption, cattle byproducts are used in various parts of the world. As a source for producing sodium chondroitin sulfate, these factors have prompted manufacturers to opt for bovine.

Owing to its ability to treat eye complications, arthritis, and heal wounds, shark derived chondroitin sulfate is generally used in pharmaceutical sector. A factor that is posing a challenge to the growth of chondroitin sulfate market is that sharks are endangered species and it is prohibited to harm the sea creatures. However, sodium chondroitin sulfate retrieved from shark is used due to its ability to treat people infected with arthritis, intestine inflammation, and HIV, which is fueling the growth of the sodium chondroitin sulfate market.

Synthetic chondroitin is manufactured using a two-stage fermentation-based process. The occurrence of adulteration and contamination is reduced as the process excludes the use of animal cartilages. This also results in the extraction process becoming less complicated leading to low production cost. 

Market Insights

Factors such as increasing prevalence of arthritis among geriatric population and increasing rate of obesity has led to increased consumption of joint health supplements, which is driving the demand for sodium chondroitin sulfate. Joint health benefits and clinical efficacy are major factors promoting the market growth. Pharmaceutical grade sodium chondroitin sulfate is being increasingly used to cure osteoarthritis driving industry growth. Manufacturers and raw material suppliers have numerous opportunities to supply quality and uniform products through auditable supply chain.

Some of the leading companies of the sodium chondroitin sulfate market are Qingdao Wan tulmin Biological Products Co. Ltd.; TSI Group Ltd.; BRF; Bioiberica S.A.U.; HeBei SanXin Industrial Group; Sigma-Aldrich, Inc.; Bio-gen Extracts Private Limited; Sino Siam Biotechnique Company Limited; ZPD; and SEIKAGAKU CORPORATION. 

Polyglycerols – Natural Ingredient for Personal Care Products

Growing requirement for natural food and beverage products owing to rising health awareness among consumers is anticipated to propel demand for polyglycerol. Polyglycerols are inter-molecular glycerol esters, which can be used in food products such as cakes, chocolates, and ice creams. Increasing use of polyglycerols in other products such as pharmaceutical products and detergents can also drive the product demand in the coming years.

Cosmetics and Personal Care Sector: The Largest Product Consumer

Major application areas for polyglycerol are pharmaceuticals, personal care, and food & beverages. In 2014, personal care segment dominated other segments while accounting for 47% of overall volume. It is expected to witness a significant growth during the forecast period (from 2015 to 2022) owing to high demand for various creams and moisturizers. Moreover, rising consumer awareness regarding skincare and increasing disposable income can further impel product demand.

Considering the rising demand, most companies are offering advanced polyglycerol-based personal care products. For instance, Volition recently introduced its new product called Prismatic Luminizing Shield SPF 50 to provide protection from hazardous UV rays. The new product contains polyglyceryl-3 as an ingredient, a combination of hydroxyl groups of polyglycerol and fatty acids. Users can apply this product gently on their face around 30 minutes before sun exposure.

Market Insights

According to a recent report by Grand View Research, Inc.; the global polyglycerol market is anticipated to reach at USD 5.52 billion by 2022. Growing adoption of low-fat food items among consumers owing to rising health awareness is expected to impel growth of the market. High demand for skincare products such as creams and moisturizers due to high consumer awareness can also fuel market growth. Furthermore, growing concerns of food manufacturers regarding Non-Genetically Modified (Non-GMO) crops to save environment can foster growth of the market in the next few years.

Strict quality check procedures by governments for food products are likely to stimulate growth of polyglycerol market in the coming years. Supportive government protocols to reduce greenhouse gas emissions owing to use of petrochemicals in beverages and food can also spur market growth during the forecast period. Some of the leading companies offering polyglycerol are Procter & Gamble Co.; Unilever Holdings; Godrej Industries, Ltd.; Dow Chemical Company; and SOLVAY SA.

Click Here: https://www.grandviewresearch.com/industry-analysis/polyglycerol-market

Personal Care Product Contract Manufacturing to Provide Innovative Solutions

Personal care product contract manufacturing service providers offer a wide range of products and solutions. It is a kind of high level outsourcing in which branded company entrusts its whole production to a contract manufacturer. These services may include manufacturing, packaging, custom formulation, and research and development. Different types of personal care products include skin and hair care, deodorants, fragrances, and make-up and color cosmetics.

Innovative Packaging Solutions to Witness Impressive Growth Through 2025

The packaging of personal care products increases the safety as well as aesthetic value to the product. This is one of the crucial factors that influence the purchasing choice among the consumers. Packaging services dominated the other services offered in personal care product contract manufacturing. Increasing demand for flexible and innovative packaging solution will make a positive outlook for the services over the forecast period (2014 to 2025). In addition, the companies are increasingly investing in novel packaging techniques, driving the growth for personal care packaging solutions.

For instance, Rafesa, a cosmetic and perfume packaging company recently developed a new range of cosmetic containers called Alex line. These products can be utilized for different types of personal care products. The containers are manufactured in different sizes such as 100, 200, 250, and 500 ml. The container design is also compatible with sprays, metering devices, and stoppers. These products can also be suitable for natural cosmetic products that requires container fabricated in amber to protect it from the light.

Market Overview

According to Grand View Research, Inc.; the worldwide personal care product contract manufacturing market is anticipated to attain USD 25.8 billion by 2025. Increasing need for innovative beauty treatments, and skin and hair care products can propel the growth of the market over the forecast period (2014 to 2025). Innovative marketing strategies and growing research and development activities can further boost the market in the forthcoming years. In 2016, Asia pacific held around 29.0% of total revenue share owing to high demand for personal care products.

Some of the leading companies operating in the market include Tropical Products, Inc.; Mansfield-King, LLC (MK); ApolloCorp, Inc.; A.I.G. Technologies, Inc.; and ApolloCorp, Inc.

Read more at:

https://www.grandviewresearch.com/industry-analysis/personal-care-product-contract-manufacturing-market

Nail Polish: Give Your Hands Youthful Appearance

The nail polish formulations have evolved over time. The composition of chemicals added to the product is revised repetitively to improve its decorative effects and to eliminate the adverse effects of the chemicals on nails. Different combinations are being used by the manufacturers to overpower cracking or flaking of nails caused by low quality product. This is anticipated to reflect on the changes in demand and manufacturing methods or nail polish.

Hybrid Products to Witness Impressive Demand Through 2024

Nail polish can be broadly categorized into liquid nail polish and gel nail polish. Liquid polish is the largest product segment among the two owing to low cost, ease of application, and availability of the product in varied range of colors is anticipated to increase its demand. The product is less expensive as compared to gel products, which is expected to impel its demand in the forthcoming years.

Gel nail polish is gaining a lot of attention from consumers and is expected to witness swift growth through 2024. The long lasting glossy finish provided by the product is considered as its major draw when it comes to product demand. Gel nail paint is quite popular in developed countries such as Europe and North America. Durability offered by the product is likely to drive the segment in near future

Innovative products such as gel hybrids, a combination of traditional nail polish and gel polish are also increasingly being used. The gel hybrids have fast dry time, glossy finish of gel, and easy removal. It dries on its own, so it does not require ultraviolet (UV) or LED light. The UV gel polish is another advanced product made available by nail polish manufacturers. This combination of UV, gel, and nail polish properties is available in varied range of colors. It offers high gloss finish and long-lasting effect.

Market Overview

According to a report by Grand View Research, Inc., the worldwide nail polish market is projected to reach USD 15.55 billion by 2024.Growing popularity of nail art among young population, especially among teenagers is expected to drive the market over the forecast period (2013 to 2014). Increasing awareness related to recent beauty trends and brands and rising number of visitors at nail art studios and salons will create positive outlook for the market. Additionally, development of new products, collaborations between salons and manufacturers, and introduction of vegan-friendly product can further impel demand in the near future..

Europe is likely to grow at a CAGR of over 9% from 2016 to 2024 due to rise in business expansion projected undertaken by some of the major companies in the region. Asia Pacific is also anticipated to witness healthy growth over the forecast period due to the presence of high number of youth population.

Some of the leading companies operating in the market include Odontorium Products, Inc.; Essie, China Glaze; Sally Hansen; and L’Oréal Paris.

In-Depth research report on nail polish market, click the link below:

https://www.grandviewresearch.com/industry-analysis/nail-polish-market