What Transformation Has the Bone And Joint Health Supplements Market Undergone?
The bone and joint health supplements market has seen considerable growth due to a variety of factors.
• In recent times, there has been noticeable growth in the bone and joint health supplements market. It is projected that this market will expand from its size of $13.9 billion in 2024 to $15.13 billion in 2025, achieving a compound annual growth rate (CAGR) of 8.9%. This surge during the historical era can largely be credited to factors such as certainty of quality and safety standards, the ease of retail accessibility, medical approvals, as well as marketing and consumer enlightenment.
What Is The Forecast For The Bone And Joint Health Supplements Market By 2029?
The Bone And Joint Health Supplements market is expected to maintain its strong growth trajectory in upcoming years.
• The market for bone and joint health supplements is projected to witness a steep surge in the forthcoming years, with its size reaching $22.36 billion by 2029, fueled by a compound annual growth rate (CAGR) of 10.3%.
The expansion during this forecast period is anticipated to stem from worries over healthcare expenses, emphasis on natural and organic substances, medical suggestions and approvals, and the popularity of fitness and wellness, along with tailor-made solutions. Key shifts on the horizon for this period encapsulate advancements in supplement formulations, the rise in sports and wellness trend, and medical endorsements and recommendations.
What Are The Essential Drivers Behind The Growth Of The Bone And Joint Health Supplements Market?
The bone and joint health supplements market is anticipated to surge due to the rising occurrences of osteoporosis. Individuals with a lower intake of calcium are more susceptible to developing osteoporosis, and a lifetime deficiency in calcium can promote its development. Osteoporosis refers to changes in the structure or quality of bones, or the occurrence of bone mass and bone mineral density loss. Bone and joint health supplements are designed to prevent bone loss and might even restore bone density to avoid fractures. For example, statistics released by US-based biotechnology company, Amgen, in May 2022, indicate that osteoporosis results in about 1.5 million fractures annually in the United States, leading to an estimated $19 billion in related costs. Further, the annual incidence of fractures caused by osteoporosis is projected to grow by 68% between 2018 to 2040, from 1.9 million to 3.2 million. As such, the increasing trend of osteoporosis will stimulate the growth of the bone and joint health supplements market.
How Is The Global Bone And Joint Health Supplements Market Divided Into Key Segments?
The 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 Or Hypermarkets, Pharmacies, Health Stores, Convenience Stores, Internet Retailing, Other Distribution Channels
Subsegments:
1) By Vitamin D: Vitamin D2, Vitamin D3
2) By Vitamin K: Vitamin K1, Vitamin K2
3) By Calcium: Calcium Carbonate, Calcium Citrate
4) By Collagen: Type I Collagen, Type II Collagen
5) By Omega-3 Fatty Acids: EPA (Eicosapentaenoic Acid), DHA (Docosahexaenoic Acid)
6) By Glucosamine-Chondroitin: Glucosamine Sulfate, Chondroitin Sulfate
7) By Other Type: Herbal Supplements, Other Nutraceuticals
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What Trends Are Reshaping The Future Of The Bone And Joint Health Supplements Market?
Product innovation is becoming a significant trend in the bone and joint health supplements market, with many companies developing new products to maintain their market standing. For example, in February 2022, the Indian company, Amway Corp., brought to market the Nutrilite D-Fence Vitamin D3 Jelly Strip to broaden its bone and joint health supplements portfolio. Vitamin D3 is critical to bone and joint health as it enhances the body's ability to intake calcium, vital for bone strength and wellness. This supplement is designed to bolster bone density, joint functionality and overall musculoskeletal health. The Nutrilite D-Fence offering is geared towards promoting bone health and overall immunity. The importance of Vitamin D in the absorption of calcium and preservation of bone density is integral in the prevention of diseases like osteoporosis.
Who Are the Key Players In The Bone And Joint Health Supplements Market?
Major companies operating in the bone and joint health supplements market include:
• 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.
What Are The Regional Insights Into The Bone And Joint Health Supplements Market?
North America was the largest region in the bone and joint health supplements market in 2024. 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.
