Demand for glucosamine products released

Increasing population and rising healthawareness among consumers have led to the rapid development of the globalhealth industry. Major global nutrition companies have increased the expansionof the category of glucosamine based bone and joint nutritional health foodproducts, giving impetus to the growth of the glucosamine industry.

In recent years, several companies in Chinahave started to produce glucosamine based health food products, and glucosaminebased health food products are available in Xiamen, Dalian, Qingdao, Guangzhouand Beijing.

Relevant data show that the market size ofthe national aminoglycan industry (API with capsules) keeps growing by about20% annually. It is expected that in 2027, the global bone and jointsupplements market will reach $14.7 billion, and China's bone and jointsupplements market will reach $3.1 billion. The global population structure ofthe aging trend is gradually obvious, and the proportion of diabetics and obesepeople has increased, the number of skeletal diseases gradually rise, thedemand for glucosamine health food market is increasing, and the rising marketdemand will provide favorable conditions for the development of glucosamine rawmaterials and health food manufacturers.

Many head health food manufacturers havelaid out, and the market of glucosamine has shown a fierce competition with alarge market potential. In the health food registration, the principle of oneproduct and one standard is adopted for the review and approval of glucosaminetype health food. Relevant data show that there are 298 registered products containingglucosamine hydrochloride and glucosamine sulfate, including 243 productscontaining glucosamine hydrochloride and 55 products containing glucosaminesulfate, all of which are compound products, mainly involving health carefunctions such as increasing bone density and enhancing immunity.