Global Bone And Joint Health Supplements market research 2024, Forecast To 2033
29 Feb, 2024
The bone and joint health supplements market size has exhibited robust growth in recent years, surging from $12.9 billion in 2023 to$14.06 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period is attributed to stringent quality assurance and safety standards, enhanced retail accessibility, medical endorsements, and effective marketing coupled with consumer education initiatives. Looking ahead, the bone and joint health supplements market is poised for substantial expansion, projected to reach $20.3 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The forecasted growth is underpinned by concerns regarding healthcare costs, a heightened focus on natural and organic ingredients, increasing endorsements from medical professionals, evolving fitness and wellness trends, and the rise of customized solutions. Notable trends in the forecast period encompass innovations in formulations, the integration of sports and fitness trends, and continued emphasis on medical recommendations and endorsements.
Global Bone And Joint Health Supplements Market Key Driver
The increasing prevalence of osteoporosis is anticipated to drive the bone and joint health supplements market. Osteoporosis, characterized by low bone mass and density, poses a significant health concern. Bone and joint health supplements aim to halt bone loss and potentially increase bone density to prevent fractures. According to Amgen statistics, osteoporosis causes approximately 1.5 million fractures annually in the United States, with associated costs reaching $19 billion. The annual fracture rate is projected to increase by 68% from 2018 to 2040. Hence, the rising prevalence of osteoporosis is expected to propel the bone and joint health supplements market.
Get A Free Sample Of The Global Bone And Joint Health Supplements Market ReportGlobal Bone And Joint Health Supplements Market Segments
The global bone and joint health supplements market covered in this report is segmented –
1) By Type: Vitamin D, Vitamin K, Calcium, Collagen, Omega-3 Fatty acids, Glucosamine-Chondroitin, Other Type
2) By Form Type: Tablets, Capsules, Liquid, Powder, Other forms
3) By Application Type: Dietary Supplements, Functional Foods and Beverages, Other application types
4) By Distribution Channel Type: Supermarkets/Hypermarkets, Pharmacies, Health Stores, Convenience Stores, Internet Retailing, Other Distribution Channels
By Geography: The regions covered in the bone and joint health supplements market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the bone and joint health supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bone and joint health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Bone And Joint Health Supplements Industry Players
Nature's Bounty Incorporated, The Procter & Gamble Company, Amway Corporation, BASF SE, Archer Daniels Midland Company, Reckitt Benckiser Group PLC, Pfizer Incorporated, Vita Life Sciences Limited, Glanbia PLC, Nutramax Laboratories Consumer Care Incorporated, Koninklijke DSM N.V., Xtend-Life Incorporated, Bergstrom Nutrition Incorporated, BioScience Nutrition Incorporated, Herbs Nutriproducts Private Limited, Arazo Nutrition Incorporated, Vitawin International Holdings Limited, Pure Encapsulations LLC, Abbott Laboratories Incorporated, NutriScience Innovations LLC, Optimum Nutrition Inc., Rainbow Light Nutritional Systems Inc., Schiff Nutrition International Inc., Solgar Vitamin and Herb Co. Inc., Source Naturals Inc., Sports Research Corporation, Swanson Health Products Inc., Twinlab Consolidation Corporation, USANA Health Sciences Inc., Vitacost.com Inc.
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Bone And Joint Health Supplements Market Overview
Bone and joint health supplements refer to calcium, minerals, and several vitamins such as vitamin D and vitamin K that are essential for bone health as they help in preserving bone density and avoiding bone degeneration in joints. These supplements are used to increase range of motion, lessen pain from arthritis, speed up the healing process after injuries, and keep the joints overall healthy by developing strong, dense bones.
Bone And Joint Health Supplements Global Market Report 2023 provides data on the global bone and joint health supplements market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bone and joint health supplements market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.