%20prices.jpg)
For the Quarter Ending June 2023
North America:
The Glucosamine market in North America exhibited an unfavorable price trend during the second quarter of 2023. From April to June, FOB New Jersey prices experienced a modest decline, falling from $9350 per tonne to $9300 per tonne, representing a quarter-over-quarter decrease of -0.53%. The lower demand for Glucosamine in the United States was primarily driven by ample stockpiles held by downstream nutraceutical companies. The nutraceutical sector in the nation displayed a fragmented pattern of market activity due to differing opinions on the cost of dietary supplements. Additionally, the nation's inflation rate declined, attributed to reduced supply chain pressures, although rising labor costs could potentially keep inflation elevated, leading to potential interest rate increases by the Federal Reserve in July. Market participants in the food and dietary supplement industries continued to adopt a cautious stance, given the uncertain state of the U.S. economy.
Asia Pacific:
In the Asia-Pacific region, the Glucosamine market witnessed a downward pricing trend during the second quarter of 2023, with prices declining from $6130 per tonne to $6100 per tonne FOB Shanghai between April and June. This price decline began in late April and persisted as demand for Glucosamine from downstream pharmaceutical and nutraceutical sectors weakened both globally and domestically. Lower demand and reduced consumer inquiries compelled Chinese Glucosamine manufacturers to sell their product at narrower profit margins. According to statistics, China's manufacturing activity contracted for the third consecutive month in June, albeit at a slower pace. These figures were released at a time when the government faced mounting pressure to increase stimulus spending to support an economy that was flattening out after a robust post-COVID rebound in Q1 2023. The June PMI also highlighted several imbalances and weaknesses, including ongoing declines in both domestic and international demand, accelerated declines in company activity, and growing pressure on the nation's pharmaceutical and nutraceutical industries.
Get Real Time Prices of Glucosamine: https://www.chemanalyst.com/Pricing-data/glucosamine-1287
Europe:
In Q2 2023, the Glucosamine market in Europe displayed a pessimistic outlook, with price negotiations marginally decreasing in the German market. This price decline in Germany was primarily driven by reduced demand from downstream industries and ample supplier inventories. Notably, the cost of energy in Europe reached its lowest point since the onset of the crisis in April, sparking hopes for a more robust economic recovery and fostering trade with Asia. However, an unexpected increase in unemployment in Germany during June had a severe impact on the market environment. Retailers stockpiled Glucosamine in warehouses to guard against potential shortages, which eventually led them to lower their price margins later in the quarter to clear their inventories. Despite Germany experiencing inflation exceeding 6% again in June, the country's Glucosamine industry remained relatively unaffected. Like the rest of the world, market participants in Germany remained cautious and pessimistic about the nation's economic situation.
About Us:
ChemAnalyst is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
Contact Us:
ChemAnalyst
420 Lexington Avenue, Suite 300,
New York, NY, United States, 10170
Call +1 3322586602
Email: [email protected]
Website: https://www.chemanalyst.com
RunFit Nutrition engineers sports nutrition products specifically for runners.https://www.runfitnutrition.com/
Global Glucosamine Market is expected to reach USD 757.3 million by 2022.
It is mainly extracted from shells of shellfish to make dietary supplements; whereas its synthetic form is made in laboratories.
The Glucosamine Market is estimated to grow at a significant CAGR of 8.4% over the forecast period as the scope and its applications are rising enormously across the globe.
Nutritional supplements sector accounted for the substantial market share of Glucosamine and is estimated to lead the overall market in the coming years.
Market Segment: Glucosamine Application Outlook (Volume, Tons, Revenue, USD Million, 2012 - 2022)• Nutritional supplements• Food • Dairy products Glucosamine Regional Outlook (Volume, Tons, Revenue, USD Million, 2012 - 2022)• U.S.• Europe• Japan• Asia Pacific• RoW Browse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/glucosamine-market Table of Contents Chapter 1.
Glucosamine market - Value chain analysis3.3.1.
Global glucosamine market is anticipated to grow at a CAGR of 8.6% by 2023, according to a new report published by Radiant Insights, Inc.
The report segments the market and forecasts its size, by volume and value, on the basis of application (supplements, food & beverages, dairy products, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-glucosamine-market-outlook-2018-2023/request-sample The report has been prepared based on the synthesis, analysis, and interpretation of information about the global Glucosamine market collected from specialized sources.
The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players.
Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
Key Applications SupplementsFood & BeveragesDairy Products Key Regions North AmericaEuropeAsia PacificMiddle East and AfricaSouth America Key Vendors request free sample to get a complete list of companies Key Questions Answered in this Report What will the market size be in 2023?What are the key factors driving the global Glucosamine market?What are the challenges to market growth?Who are the key players in the Glucosamine market?What are the market opportunities and threats faced by the key players?
RunFit Nutrition engineers sports nutrition products specifically for runners.https://www.runfitnutrition.com/
The Global Glucosamine Market report released by Reports and Data encompasses vital aspects of the Glucosamine market and offers critical insights about the market size, share, global spread, trends, demands, and opportunities.
The report discusses in detail the competitive landscape of the market on both the regional and global scale.
Furthermore, it sheds light on the lucrative growth opportunities and investments to assist the readers and businesses in developing strategic expansion plans.
It also helps readers gain maximum return on their investments.The report is further attuned to the latest market scenario pertaining to the COVID-19 pandemic and its impact on the key segments of the Glucosamine market.
The report analyzes the impact of the pandemic on the supply chain and demands of the market and offers key insights into market growth.
The report also addresses the challenges caused by the pandemic and offers insightful data on how to overcome the barriers.
