Global Bone and Joint Health Supplements Market is expected to foresee significant growth. North America to lead the growth!
- Himanshu Patni
- November 21, 2022
- HEALTHCARE
- Bone and Joint Health Supplements Market, Bone and Joint Health Supplements Market Growth, Bone and Joint Health Supplements Market Share, Bone and Joint Health Supplements Market Size, Bone and Joint Health Supplements Market Trends
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Global bone and joint health supplements market is expected to register a CAGR of approx. 8% over the period of 2022-2028. Bones and joint health ingredients such as collagen, calcium, magnesium, and chondroitin are considered essential compounds. These ingredients are used in functional foods to increase their beneficial effects. Bone and joint health ingredients aid in pain relief and joint and bone health by providing prebiotic fiber, vitamins such as vitamin D and vitamin K, calcium, and soy isoflavones. These bone and joint health ingredients aid in the flexibility and strength of the body’s joints and bones. The global bone and joint health supplements market is rising due to the increasing prevalence of bone-related problems like osteoporosis, rheumatoid arthritis, etc. around the globe. For instance, in 2022, according to very wealth.com, More than 22% of American adults (over 52.5 million people) have arthritis or another rheumatic condition diagnosed by a doctor. 7.3% of people aged 18-44 have doctor-diagnosed arthritis; 30.3% of people aged 45-64; and 49.7% of those over 65, and by 2030, the number of people with arthritis (adults 18 years and older) is expected to rise to 67 million. Owing to these glaring statistics the demand for bone and joint health supplements is anticipated to grow in the forthcoming years as they are safe and help in making strong bones. Moreover, several innovations in the nutritional supplements sector are fueling the demand for the bone and joint health supplements market. Furthermore, the changing lifestyles also increasing the joint discomfort in the young generation is expected to drive the market for bone and joint health supplements market in the coming years.
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Based on the forms, the bone and joint health supplements market is segmented into soft gels/pills, powder, liquid, and others. The soft gels/pills segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Pills are widely consumed on account of the easy availability of various dosage patterns, easy packaging techniques, storage, and cost-effectiveness.
Based on the ingredient type, the market is fragmented into vitamins & minerals, amino acids, botanical supplements, and others. The vitamins & minerals segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the growing adoption of healthy lifestyles, increasing life expectancy, and rising focus on active lifestyles.
For a better understanding of the market adoption of bone and joint health supplements market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the bone and joint health supplements industry owing to the high demand from the elderly population due to joint discomfort and the increasing health-conscious population and their inclination toward functional food and beverages.
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Some of the major players operating in the market include Bayer AG, Procter & Gamble Co, Amway India Enterprises Pvt. Ltd., BASF SE, Archer-Daniels-Midland Co, Pfizer Inc, Reckitt Benckiser Group Plc, Vita Life Sciences Limited, Arazo Nutrition, Glanbia plc.
Global Bone And Joint Health Supplements Market Segmentation
Market Insight, by Forms
- Soft Gels/Pills
- Powder
- Liquid
- Others
Market Insight, by Ingredient Type
- Vitamins & Minerals
- Amino Acids
- Botanical Supplements
- Others
Market Insight, by Distribution Channel
- Pharmacies Drug Stores
- Specialty Stores
- Online
- Other
Market Insight, by End-Users
- Men
- Women
- Children
Market Insight, by Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- India
- Australia
- Japan
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Bayer AG
- Procter & Gamble Co
- Amway India Enterprises Pvt. Ltd.
- BASF SE
- Archer-Daniels-Midland Co
- Pfizer Inc
- Reckitt Benckiser Group Plc
- Vita Life Sciences Limited
- Arazo Nutrition
- Glanbia plc
