global bone and joint health supplements market size was valued at USD 2.16 billion in 2021 and is expected to reach over USD 4.02 Billion by 2030, growing at a CAGR of 7.1% during the forecast period.
According to the research report, the global bone and joint health supplements market size was valued at USD 2.16 billion in 2021 and is expected to reach over USD 4.02 Billion by 2030, growing at a CAGR of 7.1% during the forecast period.
What are Bone and Joint Health Supplements? How Big is Bone and Joint Health Supplements Market Size?
Many people take vitamins and supplements to improve bone and joint strength. These supplements supply the correct quantity of concentration of minerals to the targeted area. Glucosamine, chondroitin, calcium, and omega-3 fatty acids are some of the common substances majorly found in these supplements. However, consuming these ingredients in limited amounts or according to the doctor’s recommendations is essential.
The deficiency of calcium, vitamin D, and other necessary nutrients usually occurs due to the long-term use of low-nutrient foods, which further causes the development of various health conditions linked to the bones. Thus, the use of bone and joint health supplements is increasing worldwide. Also, the bone and joint health supplements market is expected to see potential growth due to the rising demand for nutritional supplements, including vitamin D and calcium.
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The Report Covers the Following Insights
Some of the Top Market Players Are:
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Growth Driving Factors
Factors such as the rising geriatric population, growing prevalence of orthopedic disorders, and increasing awareness of micronutrient deficiencies are driving the growth of the market. Rise in demand for nutritional supplements, including vitamin D and calcium, is expected to fuel the bone and joint health supplements market development. Continuous innovations in the health supplement sector, which have led to an increasing need for bone and joint health supplements, are further predicted to propel the industry’s growth. Technological developments are another factor behind the extending application of bone and joint health supplements across various industries.
Moreover, the increasing number of people suffering from rheumatoid arthritis is further boosting the bone and joint health supplements market sales. With advanced approaches to joint and bone health using collagen and botanical formulations, the market is booming. A surge in demand for collagen for bone health is anticipated to create opportunities for vendors to raise their profit in the bone and joint health supplements industry.
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Segmental Analysis
Based on product, the vitamins segment accounted for the largest revenue share in 2021 owing to the increasing popularity of active lives, increasing life expectancy, and growing adoption of proper lifestyles. Rising consumption of vitamin D supplements in order to diminish the risk of bone fracture is one of the key factors augmenting the market evolution.
By formulation, the market was dominated by the capsule segment with the largest revenue share. The bioavailability of active substances has surged due to the availability of various product types in different forms. Extended-release capsules for vitamins and minerals, omega-3 fatty acids, and multi-layered or multi-membrane encapsulations are some of the products available in capsule formulations. Further, the powder formulation segment is estimated to show faster growth in the bone and joint health supplements market.
The geriatric population segment dominated the market in 2021
The geriatric population is accounted for the most revenue share due to the increasing consumption of bone and joint health supplements among the aging population. In addition, the increasing elderly population in various countries moving towards age-friendly dietary choices is another factor contributing to the demand for bone and joint health supplements, thus boosting the industry’s expansion. Elderly people are becoming aware of proper aging and disease prevention due to concerns over bone health and mobility. This is also expected to flourish the bone and joint health supplements market forecasts.
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Bone and Joint Health Supplements Market: Report Scope
| Report Attribute | Details |
| Market Outlook for 2030 | USD 4.02 Billion |
| Market Size 2021 Value | 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 your research needs. Explore customized purchase options |
Geographic Overview
With the growing geriatric population and the number of people experiencing joint discomfort, North America witnessed the highest bone and joint health supplements market share. Also, the increasing cost of medical, novel technology, enhanced medical facilities, and the rise in insurance coverage are all fueling the regional industry for dietary supplements for bone and joint health.
Moreover, the Asia Pacific is expected to grow at the fastest rate during the forecast period. This progress can be attributed to the rising concern for people’s well-being along with nutritional deficiencies. In addition, a surge in cases of osteoporosis and vitamin D insufficiency has led to an increase in the demand for bone and joint health supplements.
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Dec 05, 2022
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