Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,480 Million | USD 7,320 Million | 8.61% | 2023 |
The global bone and joint health supplements market size was evaluated at $3,480 million in 2023 and is slated to hit $7,320 million by the end of 2032 with a CAGR of nearly 8.61% between 2024 and 2032.
Bone and joint health supplements are food items formulated to aid as well as promote the well-being of the skeletal system comprising of joints & bones. These products contain an integration of minerals, bioactive compounds, and vitamins that assist in contributing lucratively towards good musculoskeletal health, healthy bone density, and flexibility of joints.
A rise in the aging population prone to bone disorders can supplement the global market surge by 2032
A surge in the geriatric populace along with the rising occurrence of bone-related ailments will steer the growth of the global bone and joint health supplements market. Escalating awareness about food supplements will embellish the growth of the market globally. The occurrence of orthopedic diseases along with awareness about micronutrient deficiencies will steer the global market expansion. A large number of populaces are suffering from rheumatoid arthritis and this has enhanced the consumption of bone and joint health supplements.
The rising focus of key players on the development of joint health supplements with varied compositions is expanding the customer base, thereby steering the growth of the global market. Escalating sports & fitness trends are anticipated to prop up the progression of the market globally.
Rise in the prices of clinical trials can hinder the growth of the global industry over forecast timeline
Restricted clinical data related to supplements can impede the global bone and joint health supplements industry surge by 2032. The surge in clinical trial costs and the need for huge allocation of funds for research activities related to adding health-beneficial features to bone and joint health supplements can impede the global industry demand over the forecast timeline.
A surge in the healthcare costs & new product launches will open new avenues of growth for the global market
A rapid increase in the aging population along with a surge in inactive lifestyles is anticipated to boost the growth of the global bone and joint health supplements market. A rise in healthcare prices and product innovation is predicted to contribute sizably to the growth of the global market. Rapid elevation of e-commerce activities along with favorable government initiatives is expected to carve a profitable roadmap for the global market.
Dynamic pricing and tough competition among players can challenge the expansion of the global industry over forecast timeline
Cut-throat competition from various pharmaceutical firms along with rising safety concerns pertaining to the use of the product can challenge the expansion of the global bone and joint health supplements industry. Rising price competition and dynamic pricing can deter the growth of the industry globally.
The global bone and joint health supplements market is divided into type, form, distribution channel, and region.
In type terms, the bone and joint health supplements market across the globe is bifurcated into vitamin D, calcium, glucosamine-chondroitin, collagen, vitamin K, and omega-3 –fatty acid segments. Additionally, the vitamin D segment, which acquired nearly 48% of the global market earnings in 2023, is expected to register the fastest annual rate of growth in the forecast timeline. The expansion of the segment in the next eight years can be due to a rise in the intake of vitamin D supplements as it reduces the chances of bone fractures.
Based on the form, the global bone and joint health supplements industry is divided into powder, tablets, liquid, and capsule segments. Moreover, the tablets segment, which accumulated about 55% of the global industry size in 2023, is anticipated to make massive contributions toward the global industry revenue over the analysis timeframe. The growth of the segment in the upcoming years can be attributed to easy access to bone & joint health supplements in tablet form. Moreover, bone & joint health supplement tablets can be easily packaged and stored, thereby steering the growth of the segment.
On the basis of distribution channel, the global bone and joint health supplements market is segmented into supermarkets/hypermarkets, online retail stores, and retail shops segments. Additionally, the supermarkets/hypermarkets segment, which accounted for three-fourths of the global market size in 2023, is set to steer the expansion of the segment in the upcoming years. Moreover, the segmental surge over the upcoming years can be due to the easy availability of the product on the shelves of supermarkets/hypermarkets.
Report Attributes | Report Details |
---|---|
Report Name | Bone and Joint Health Supplements Market |
Market Size in 2023 | USD 3,480 Million |
Market Forecast in 2032 | USD 7,320 Million |
Growth Rate | CAGR of 8.61% |
Number of Pages | 229 |
Key Companies Covered | BYHEALTH Co. Ltd., Amway, Bayer AG, Herbalife International of America Inc., Glanbia plc, GNC Holdings LLC, Nature's Bounty, Vitalife Ltd, BASF SE, NOW Foods., and others. |
Segments Covered | By Type, By Distribution Channel, By Form, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to maintain the leadership status in the global market in the next couple of years
North America, which accounted for nearly one-third of the global bone and joint health supplements market earnings in 2023, is expected to establish dominance in the global market over the upcoming years. In addition to this, the regional market expansion in the next couple of years can be subject to a rise in the occurrence of arthritis in countries such as Canada and the U.S. Apparently, the presence of key players in countries such as the U.S. will embellish the expansion of the market in the region.
Asia-Pacific bone and joint health supplements industry is anticipated to register the fastest growth rate in the forecast timeline. The expansion of the industry in the sub-continent can be credited to rising consciousness about health & fitness in countries such as India and China. A prominent surge in cases of malnutrition in emerging economies of Asia will further contribute to the expansion of the industry in the sub-continent.
The global bone and joint health supplements market profiles key players such as:
By Type
By Distribution Channel
By Form
FrequentlyAsked Questions
Bone and joint health supplements are food items formulated for aiding as well as promoting well-being of the skeletal system comprising of joints & bones.
The global bone and joint health supplements market growth over forecast period can be owing to occurrence of orthopedic diseases along with awareness about micronutrient deficiencies.
According to a study, the global bone and joint health supplements industry size was $3,480 million in 2023 and is projected to reach $7,320 million by the end of 2032.
The global bone and joint health supplements market is anticipated to record a CAGR of nearly 8.61% from 2024 to 2032.
The Asia-Pacific bone and joint health supplements industry is set to register the fastest CAGR over the forecasting timeline owing to rising consciousness about health & fitness in the countries such as India and China. A prominent surge in cases of malnutrition in emerging economies of Asia will further contribute to the expansion of the industry in the sub-continent.
The global bone and joint health supplements market is led by players such as BYHEALTH Co., Ltd., Amway, Bayer AG, Herbalife International of America, Inc., Glanbia plc, GNC Holdings, LLC, Nature's Bounty, Vitalife Ltd, BASF SE, and NOW Foods.
The global bone and joint health supplements market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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