USD 11.7 billion
Report ID:
SQMIG30H2159 |
Region:
Global |
Published Date: June, 2024
Pages:
198
|Tables:
127
|Figures:
77
Bone and Joint Health Supplements Market size was valued at USD 12.69 Billion in 2023 and is poised to grow from USD 13.77 Billion in 2024 to USD 26.45 Billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).
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.
Global Market Size
USD 11.7 billion
Largest Segment
Capsules
Fastest Growth
Powder
Growth Rate
8.5% CAGR
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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.
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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.
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Drivers
Restraints
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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.
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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 2023 | USD 12.69 Billion |
Market size value in 2032 | USD 26.45 Billion |
Growth Rate | 8.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG30H2159
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