USD 11.7 billion
Bone and Joint Health Supplements Market Size, Share, Growth Analysis, By Type(Glucosamine-Chondroitin, Calcium, Collagen, Omega-3 Fatty acids), By Distribution Channel(Supermarkets/hypermarkets, Pharmacies & Drug Stores, Health & Beauty Stores, E-commerce), By Form(Tablets, Capsules, Liquid, Powder), By Target Consumers(Infants, Children, Adults, Pregnant Woman), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2159 |
Region:
Global |
Published Date: June, 2024
Pages:
198
|Tables:
127
|Figures:
77
Bone and Joint Health Supplements Market Insights
The bone and joint health supplements market size was valued at USD 11.7 billion in 2022 and is poised to grow from USD 12.69 billion in 2023 to USD 24.38 billion by 2031, at a CAGR of 8.5% during the forecast period (2024-2031).
The rapidly expanding senescent population and high awareness regarding bone and joint health are factors that drive the global bone and joint health supplements market growth. The rising prevalence of musculoskeletal disorders is also slated to contribute to high bone and joint health supplement sales. Consumers are increasing the consumption of dietary supplements that incorporate essential elements like calcium, vitamin D, glucosamine, and chondroitin to bolster their bone and joint well-being as regular nutrition is not able to fulfill this in modern times. Furthermore, there has been notable innovation in product formulations, with the introduction of plant-based and collagen-based supplements, catering to a variety of consumer preferences. The role of e-commerce and online retail platforms has been pivotal in extending the market's reach. Despite disruptions caused by the pandemic, the bone and joint health supplements market is poised for sustained growth in the foreseeable future.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Capsules
Fastest Growth
Powder
Growth Rate
8.5% CAGR
Bone and Joint Health Supplements Market by Region
Country Share for North America(%)
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Bone and Joint Health Supplements Market Segmental Analysis
The bone and joint health supplements market can be segmented into type, form, target consumers, distribution channel, and region. In terms of type, the market comprises supplements such as glucosamine-chondroitin, calcium, collagen, omega-3 fatty acids, vitamin d, vitamin k, and others. Based on form, the market is segmented into tablets, capsules, liquid, powder, and others. In terms of target consumers, the market is segmented into infants, children, adults, pregnant woman, and elderly people. Distribution channels include supermarkets/hypermarkets, pharmacies & drug stores, health & beauty stores, e-commerce, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Product type
The vitamins segment held the largest revenue share of bone and joint health supplements market. This can be attributed to lifestyle changes, improved health standards, improvement in life expectancy and increased interest in active living. The rise in the intake of vitamin D supplements to minimize the probability of bone fracture is driving this segment. Vitamin K is associated with bone mineral density and thus is found to be useful for bone health. Some of the other factors that are expected to drive this segment are that it is taken by persons with osteoporosis to prevent fracture.
The glucosamine segment is expected to grow at the highest compound annual growth rate. These supplements are important in enhancing health especially in conditions such as arthritis that cause joint pains. Research conducted in various countries has indicated that this substance assists in the reduction of joint pain in patients with osteoarthritis. The scientific proof of glucosamine is so convincing that in the United Kingdom and other parts of Europe, glucosamine compound is sold as a drug and not a nutritional supplement. Supplements with glucosamine and chondroitin have been found to be as effective as osteoarthritis medicine such as CeleBREX. This helps in driving the growth of the glucosamine segment.
Analysis By Form
In 2023, the capsules segment has been the largest in the market with a share of over 36 percent. Capsules segment is expected to grow at a higher rate due to the increased solubility of active ingredients in different forms of encapsulation. Technological advancements including multilayered or multi-membrane encapsulations and extended-release capsules have also boosted this growth. These sophisticated emulsions are especially suitable for vitamins, minerals and omega-3 fatty acids, to guarantee a lasting and optimized release of active substances. The advantages of these encapsulation technologies to enhance the stability, to control the release profiles and to enhance the effectiveness of the active ingredients make capsules as a preferred package in the nutraceuticals and pharmaceuticals sectors, which in turn fuels the growth of the market.
The powder formulations segment is anticipated to have the highest CAGR of 12% during the forecast period. This rapid growth is contributed by the shift in preference towards powdered vitamin supplements from soft chews and soft gels. Powders are convenient to take, can be used in various ways and their absorption is usually faster than that of capsules. Also, the portability of powders for being dissolved in different liquids or added to foods is another reason why people with healthy lifestyles prefer them. The vitamin supplements market is constantly growing and among the existing types of supplements, the powder forms are gaining more and more popularity, and this is understandable because the modern consumer prefers easy to use products.
Bone and Joint Health Supplements Market by Form
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Bone and Joint Health Supplements Market Regional Insights
The global market for bone and joint health supplements showcases varied regional patterns. In North America, the market is steered by an expanding aging demographic opting for preventive measures and an increasing awareness of musculoskeletal health. Europe is distinguished by a preference for natural and holistic remedies, fostering demand for supplements featuring herbal and plant-based ingredients. The Asia-Pacific region is undergoing swift market expansion owing to a rising middle-class population, heightened fitness consciousness, and urbanization. Conversely, Latin America and the Middle East hold smaller market shares but are undergoing steady growth as awareness about bone and joint health supplements rises. On the whole, the global market is on an expansion trajectory, with distinctive regional dynamics shaping its course.
Bone and Joint Health Supplements Market by Region
- Largest
- Fastest
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Bone and Joint Health Supplements Market Dynamics
Drivers
- Aging Population: The geriatric population around the world is expanding at a rapid pace and so is the incidence of bone and joint issues. As people age, they are more at risk of suffering from arthritis, osteoporosis, and other types of bone-related diseases thereby driving up the demand for bone and joint health supplements as well.
- Growing Health Awareness: The COVID-19 pandemic has boosted the adoption of different kinds of preventive healthcare products around the world and this is also slated to uplift sales of bone and joint health supplements across the forecast period. With more people focusing on improving their bone health, they are estimated to opt for more bone and joint health supplements in the future.
Restraints
- Regulatory Challenges: Dietary supplements and nutraceutical manufacturers need to comply with stringent regulations and standards that are different for every country in the world. Ensuring compliance with these standards is estimated to be a challenge for bone and joint health supplement companies and might also incur additional costs that reduce profits.
- Competition and Product Quality: The high availability of a wide variety of products has made the bone and joint health supplements market extremely competitive. Products are being priced at extremely competitive rates, which is highly beneficial for consumers as they can choose from multiple products but this competitive pricing might cut into the profits of companies and slow down bone and joint health supplements market growth in the future.
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Bone and Joint Health Supplements Market Competitive Landscape
The global bone and joint health supplements market is highly competitive with some established companies holding a prominent share of the market. Product innovation and raising awareness regarding preventive healthcare are two factors that could bolster demand for bone and joint health supplements in the future. Mergers, collaborations, partnerships, and acquisitions are also estimated to be popular strategies that bone and joint health supplement companies can opt for going forward. The rapidly aging population is also slated to emerge as a key demographic for bone and joint health supplement suppliers around the world. The incorporation of natural and organic ingredients in bone and joint health supplements is also estimated to be a key trend that will augment the future market growth trajectory.
Top Player’s Company Profiles
- GlaxoSmithKline (GSK) - United Kingdom
- NOW Foods - United States
- Jamieson Wellness Inc. - Canada
- Abbott Laboratories - United States
- Bayer AG - Germany
- Solgar Inc. - United States
- Nutramax Laboratories - United States
- Blackmores Limited - Australia
- Life Extension - United States
- Jarrow Formulas - United States
- Nature's Bounty Co. - United States
- Douglas Laboratories - United States
- BioTech Pharmacal - United States
- Pure Encapsulations - United States
- Nature's Way - United States
- Swisse Wellness - Australia
- Webber Naturals - Canada
- Amway - United States
- Herbalife - United States
- Natural Factors - Canada
Recent Developments
- March 2023 FlexAgain revealed its plans to launch joint supplements on third-party marketplaces. The decision to introduce these platforms was driven by rising demand for dietary supplements and the growing predominance of e-commerce.
- September 2023, Voltaren started its Joint Comfort & Movement Daily Supplement and Joint Health & Bone Strength Dietary Supplement to tighten its market position.
- In December 2022, Glanbia plc, a global nutrition and ingredients company, acquired California-based natural products company Natural Factors for an undisclosed amount. Natural Factors is a leading manufacturer of bone and joint health supplements, including glucosamine, chondroitin, and MSM.
- In November 2022, Bayer AG, a German pharmaceutical and life sciences company, acquired a majority stake in Care/of, a direct-to-consumer vitamin and supplement company. Care/of offers a variety of bone and joint health supplements, including vitamins D, calcium, and magnesium.
- In October 2022, Nestlé Health Science, a division of Nestlé SA, acquired Vital Proteins, a maker of collagen-based bone and joint health supplements. Vital Proteins is a leading brand in the collagen market, and its products are sold in over 40 countries.
- In September 2022, Amway, a global direct-selling company, acquired the assets of Joint Juice, a maker of bone and joint health supplements. Joint Juice is a popular brand in the United States, and its products are sold in over 20,000 retail stores.
- In August 2022, ADM, a global food and agricultural company, acquired Flavor Infusion International (FISA), a provider of flavor and specialty ingredients. FISA offers a variety of ingredients for bone and joint health supplements, including glucosamine, chondroitin, and MSM.
Bone and Joint Health Supplements Key Market Trends
- Increased Awareness of Preventative Healthcare: People around the world are more focused on preventive healthcare as they witness the high prevalence of chronic diseases. This increased health and fitness awareness is also estimated to create new opportunities for bone and joint health supplement suppliers in the long run. High awareness among the senescent population is also a key factor in offering money-making opportunities for bone and joint health supplement companies going forward.
- Expansion of Product Variety: A wide variety of bone and joint health supplements is available for consumers of different age groups and different preferences. Bone and joint health supplement manufacturers are continually focusing on widening their product portfolio to accommodate the changing needs of various consumers around the world and this is slated to create a multitude of new opportunities for bone and joint health supplement vendors in the long run.
Bone and Joint Health Supplements Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, the rapidly aging population worldwide is projected to bolster demand for bone and joint health supplements in the future. High incidence of bone and joint-related issues such as osteoarthritis and osteoporosis coupled with an increased focus on preventive healthcare are also estimated to boost bone and joint health supplements market growth going forward. The increasing willingness of people to spend on dietary supplements and the wide availability of the same are also favoring market development. However, stringent regulatory mandates of different countries are estimated to emerge as a major challenge for bone and joint health supplement companies across the forecast period. Nevertheless, with the convergence of these factors, the global bone and joint health supplements market is expected to experience robust expansion in the foreseeable future. North America accounts for the highest bone and joint health supplements demand across the world and this can be linked to the growing aging population and high awareness regarding bone and joint-related disorders. Bone and joint health supplement companies should focus on expanding their product portfolio and coming up with innovative new products to stay relevant in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 11.7 billion |
| Market size value in 2031 | USD 24.38 billion |
| Growth Rate | 8.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bone and Joint Health Supplements Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bone and Joint Health Supplements Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bone and Joint Health Supplements Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bone and Joint Health Supplements Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bone and Joint Health Supplements Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bone and Joint Health Supplements Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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