New York, NY, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Bone and Joint Health Supplements Market Share, Size, Trends, Industry Analysis Report, By Formulation (Capsules, Soft Gels, Tablets, Powders, Others); By Product; By Consumer Group; By Sales Channel; By Region; Segment Forecast, 2022 - 2030” in its research database.
According to the research report, the global bone and joint health supplements market size & share was valued at USD 2.16 Billion in 2021 and is expected to reach USD 4.02 Billion by 2030, growing at a CAGR of 7.1% during the forecast period.
What is Bone and Joint Health Supplements? How Big is Bone and Joint Health Supplements Market Size & Share?
- Report Overview
Joints are simply the spaces where bones meet. Some joints allow for movement, such as knee joints, whereas others don't, such as joints between skull bones. The rapidly rising demand for bone and joint health supplements market can be attributed to the fact that supplements also improve bone strength and help the body fight off infections which may be helpful for patients with rheumatoid arthritis who need to take immunosuppressive medications.
The rapidly growing geriatric population, increasing prevalence of orthopedic disorders, and rising awareness regarding micronutrient deficiencies are some factors driving the industry. As per WHO, around 1.4 billion people globally will be aged above 60 years by 2030. The population suffering from rheumatoid arthritis is expanding at a considerable length, mainly due to increasing life expectancy, which in turn is creating a demand for the market.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2030 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key data covered in the market report
- The study includes market sizing and forecast analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at a glance.
- The report covers an in-depth analysis of prominent industry players with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
Some of the Top Market Players Are:
- Amway
- Archer Daniel Midland
- BASF SE
- Bayer AG
- Bellavita Healthcare Pvt. Ltd.
- BY–HEALTH Co. Ltd.
- Glanbia Plc
- GNC Holding Inc
- Herbalife International of America Inc.
- Life Extension
- Love Life Supplements
- Nature’s Sunshine Products Inc.
- Nutravita
- Nutramax Laboratories Consumer Care Inc.
- Millennium Herbal Care
- Pfizer
- Pure Encapsulations LLC
- Procter & Gamble
- Reckitt Benckiser
- Simply Supplements
- Vita Life Sciences Ltd.
- Vitaco
- Vitawin
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Key factors driving market growth
- Increasing awareness of nutritional deficiencies to push the market
They were raising consumer knowledge of nutritional deficiencies' prevalence and danger. Additionally, as people become more aware that nutritional deficiencies can be remedied by supplementation, the demand for products that support bone and joint health will rise, further boosting the market growth. The bone and joint health supplements market size is expanding due to more people selecting healthy supplements because nutrition and health are directly intertwined. Middle-class incomes are increasing in several parts of the world, and consumers are spending more on dietary, nutritional, and food supplements.
The elderly population is focusing on adjusting to supplements that are specifically tailored to their needs to maintain their good health and quality of life. The bone and joint health supplements market sales are soaring as people age. They go through several changes, including psychological, physiological, and social ones, that impact how they eat. The elderly population increasingly relies on individualized dietary regimes and routine meal selections. To maintain their general health, the aging populations of many countries have increased their demand for age-friendly dietary options with improved nutritional value.
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Recent trends influencing the market
Sedentary lifestyles among gen Z to drive the market
- The joint health product type is attracting the gen Z population owing to the rising joint discomfort among them due to their sedentary lifestyle. Also, the younger generation is increasingly being gravitated towards joint health and mobility with various goals such as fitness and an active lifestyle is anticipated to impel the industry growth over the forecast period.
- The increasing focus of the market players on developing joint health supplements with different compositions is further attracting the consumer base. A growing number of product types containing collagen are being launched, thereby positively influencing the market.
Segmentation assessment
- The vitamin segment accounted for the largest share
Based on product, the vitamins segment accounted for the largest share. The bone and joint health supplements market demand is on the rise due to the increased popularity of active life, rising life expectancy, and expanding adoption of proper lifestyles. The growing use of vitamin D supplements to lower the risk of bone fracture is another factor driving market expansion.
- The capsule segment has dominated the sector with the highest revenue share
Based on formulation, the capsule segment has dominated the sector with the highest revenue share. The bone and joint health supplements market trends include the bioavailability of active substances has increased due to the availability of numerous product types in the different encapsulation materials. Extended-release capsules for vitamins and minerals, multi-layered or multi-membrane encapsulations, and omega-3 fatty acids are a few of the items currently offered in capsule formulations that have contributed to industry expansion.
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Bone and Joint Health Supplements Market: Report Scope
| Report Attribute | Details |
| Revenue forecast in 2030 | USD 4.02 Billion |
| Market size value in 2021 | USD 2.16 Billion |
| Expected CAGR Growth | 7.1% from 2022 - 2030 |
| Base Year | 2021 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | Amway, Archer Daniel Midland, BASF SE, Bayer AG, Bellavita Healthcare Pvt. Ltd., BY–HEALTH Co. Ltd., Glanbia Plc, GNC Holding Inc, Herbalife International of America, Inc., Life Extension, Love Life Supplements, Nature’s Sunshine Products Inc., Nutravita, Nutramax Laboratories Consumer Care, Inc., Millennium Herbal Care, Pfizer, Pure Encapsulations, LLC, Procter & Gamble, Reckitt Benckiser, Simply Supplements, Vita Life Sciences Ltd., Vitaco, and Vitawin |
| Segments Covered | By Product, By Formulation, By Consumer Group Outlook, Sales Channel, and By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
- Rising geriatric population to propel the North American market
North America held the largest bone and joint health supplements market share due to the rising geriatric population and the number of people experiencing joint discomfort. In North America, the cost of medicine is increasing daily with the aging population, improved medical facilities, advanced technologies, and insurance coverage.
Additionally, with the growing concern for people's well-being and nutritional deficiencies, the Asia Pacific is also anticipated to experience the fastest growth over the projected period. The demand for various supplements promoting bone and joint health has increased due to the rising incidence of osteoporosis and vitamin D insufficiency.
Browse the Detail Report “Bone And Joint Health Supplements Market Share, Size, Trends, Industry Analysis Report, By Formulation (Capsules, Soft Gels, Tablets, Powders, Others); By Product; By Consumer Group; By Sales Channel; By Region; Segment Forecast, 2022 - 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/bone-and-joint-health-supplements-market
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Recent Developments
- In May 2022, FruiteX-B®, a joint health product from FutureCeuticals, Inc., has been developing commercially available in the European Union (EU) through the firm's distributor there, Vaneeghen.
Polaris Market Research has segmented the bone and joint health supplements market report based on, type, application, end-user, and region:
By Product Outlook
- Vitamins
- Minerals
- Collagen
- Omega-3
- Glucosamine
- Others
By Formulation Outlook
- Capsules
- Tablets
- Powders
- Soft gels
- Others
By Consumer Group Outlook
- Infants
- Children
- Adults
- Pregnant Women
- Geriatric Population
By Sales Channel Outlook
- Bricks & Mortar
- Direct selling
- Chemist / Pharmacies
- Health Food Shops
- Hyper Markets
- Super Markets
- E-Commerce
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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