Bone And Joint Health Supplements Market

According to Stratistics MRC, the Global Bone and Joint Health Supplements Market is accounted for $12.92 billion in 2023 and is expected to reach $26.00 billion by 2030 growing at a CAGR of 10.5% during the forecast period. Dietary supplements called "bone and joint health supplements" are made to support and enhance the health of the bones and joints. A combination of vitamins, minerals, and other nutrients that are known to support bone and joint health are typically present in these supplements. They are frequently advertised to people who run the risk of developing bone and joint conditions like osteoporosis and arthritis, as well as to athletes and fitness enthusiasts who want to keep their joints flexible and lower their risk of injury.

According to a survey by NMI in the United States, 37% of supplement users are likely to take supplements to support bone and joint health.



Market Dynamics:

Driver:

Elderly population

The global Bone and Joint Health Supplements market expected to drive growth during the forecast period. The elderly is concentrating on adjusting to nutritional supplements specifically tailored to their needs to maintain their good health and quality of life. Aging causes a variety of changes in people, including psychological, physiological, and social changes that have an impact on their dietary habits and food preferences. A customized diet and habitual food choices are becoming more and more important to the aging population. Consumer awareness of healthy aging and disease prevention has increased due to growing concerns about bone health and mobility. As a result, there is an increased need for supplemental nutrition products that cater to older consumers' dietary requirements.

Restraint:

High costs for clinical trials and research and development

The global Bone and Joint Health Supplements market expected to hinder growth during the forecast period. Nutraceutical products, like supplements for bone and joint health, are chemically and clinically developed, necessitating significant R&D expenditures, clinical trials, and approvals from relevant authorities in various nations and regions. Additionally, creating such products takes time because it involves formulation, trial-and-error testing, and market commercialization. High R&D expenditures do not, however, yield equivalent productivity gains because, even after a successful molecule discovery, it is very expensive to introduce a new supplement to the market. Clinical trials to demonstrate a bone and joint health supplement's efficacy are also relatively expensive. It can be a significant obstacle to the market's development of novel supplements.

Opportunity:

Increasing consumer knowledge of micronutrient deficiencies

The global Bone and Joint Health Supplements market expected to drive growth during the forecast period. Consumer awareness of the prevalence and risks of nutritional deficiencies is rising. Additionally, their understanding of how nutritional deficiencies can be improved through supplementation will lead to increased supplement intake, which will further fuel the growth of the market for bone and joint health supplements. Since diet and health are closely related, more people are choosing supplements that are better for them. In some parts of Asia, Latin America, and Africa, middle-class income is rising, enabling consumers to spend more on dietary, nutritional, and food supplements. The world's aging population is expected to be more aware of nutritional deficiencies, which will increase demand for dietary supplements in certain parts of Europe and other regions.

Threat:

Impact of regulations

The global Bone and Joint Health Supplements market expected to hamper growth during the forecast period. Numerous changes in the market are being brought about by the general shift in consumer trends. Regulations and requirements relating to nutrition obtained through dietary supplements are evolving. These laws were created in response to evolving nutritional care standards. The FDA and FSSAI have introduced some of these rules. These rules apply to probiotic and prebiotic foods as well as dietary supplements and foods for special diets. The quality, efficacy, and safety of supplements for bone and joint health face regulatory challenges. The market as a whole may face serious obstacles as a result of these new regulations.

Covid-19 Impact:

The global market for supplements for bone and joint health has seen a mixed response to the COVID-19 pandemic. The pandemic has caused supply chain disruptions, decreased consumer spending, and reduced production capacity, all of which have had a negative impact on the market. The pandemic has raised awareness of the value of bone and joint health, as the report also says, which has increased demand for supplements. The growing popularity of at-home workouts during lockdowns has also fueled market expansion.

The supermarket/hypermarket segment is expected to be the largest during the forecast period

The supermarket/hypermarket segment is expected to be the largest share during the forecast period. Supermarkets are a small but well-established sales channel for the health food market because they decades ago expanded the product lines of traditional smaller grocers and general stores to include items like health supplements. It's interesting to note that, unlike pharmacies, most products purchased at supermarkets are bought as gifts or for family members rather than for personal use. Although people in developing countries only use health supplements from pharmacies, developed countries in North America and Europe are anticipating significant growth compared to developing countries. This is because there is greater awareness of the buying criteria for health supplements.

The tablet segment is expected to have the highest CAGR during the forecast period

The tablet segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its easy accessibility, various dosage patterns, straightforward packaging, cost-effectiveness, and storage, the tablet form of bone and joint health supplements is widely used. Because they contain various nutrients, including vitamins and omega-3 fatty acids, supplements for bone and joint health are taken orally. Tablets have a longer shelf life than other types of nutritional supplements, which is another reason why people prefer them. In addition to being generally stable, compressed tablets come in a range of sizes and shapes. As a result, a variety of nutritional supplements can be conveniently added to tablets. Compressed tablets are common because of this.

Region with largest share:

During the forecast period, North America accounted for the largest revenue share. Some of the factors propelling the market in the area are the rising geriatric population and the number of people experiencing joint pain. Nearly 14.6 million people have severe joint pain, according to the CDC. In addition, the industry is expanding as arthritis becomes more common. An estimated 6 million Canadians have been given an arthritis diagnosis. Moreover, the population's growing awareness of the importance of overall health is spurring growth and, the region's high prevalence of micronutrient deficiencies among adults is driving up demand for supplements for bone and joint health.

Region with highest CAGR:

Due to growing awareness of health and well-being issues as well as nutritional deficiencies, the Asia-Pacific region is expected to have the highest CAGR over the forecast period. The prevalence of osteoporosis and vitamin D deficiency is on the rise, which has increased demand for various supplements promoting bone and joint health. Additionally, as disposable income rises, consumers are more willing to pay more for certain supplement product categories in order to maintain their health, which will help the market expand. Regional growth is also being boosted by a variety of business strategies used to support industry growth in the APAC region.



Key players in the market

Some of the key players in Bone and Joint Health Supplements market include Abbott Laboratories, Archer Daniel Midland Company, Bergstrom Nutrition Inc., Bio-Science Nutrition, Bio-Tech Pharmacal Inc., BYHEALTH Co., Ltd., ESM Technologies LLC, Ethical Naturals Inc., GNC Holdings, LLC, Herbalife International, Innophos Nutrition, Kerry Group PLC, Koninklijke DSM N.V., NOW Health Group, Inc., Nutramax Laboratories Inc., Reckitt Benckiser Group plc, Seroyal International Inc., The Procter & Gamble Company and USANA Health Sciences, Inc.

Key Developments:

In July 2022, Infinitus, a well-known supplier of premium Chinese herbal health goods and services, unveiled a new line of Li Mai Jian supplements for bone and joint health. The theme of the new product launch included Making Bones Stronger for Joint Health, which was held the same evening of the launch online and attracted more than 130,000 views.

In January 2022, India-based vegan supplement company Nutrazee announced the launch of Calcium and Vitamin D gummies for children and adults. The calcium and vitamin D in Nutrazee's Calcium + D3 gummies were intended to supplement the diet and maintain strong bones, teeth, and an immune system. The gummies were claimed to have a natural orange flavor and were entirely vegan.

In January 2021, YourZooki launched the first liposomal collagen supplement in the United Kingdom. Citrus Lime-flavored Collagen Zooki contains an impressive 5000mg of Marine Collagen per serving.

Types Covered:
• Vitamins
• Calcium
• Minerals
• Amino Acids
• Botanical Supplements
• Collagen
• Omega-3 Fatty Acids
• Glucosamine-Chondroitin
• Other Types

Forms Covered:
• Tablets
• Capsules
• Liquid
• Softgels/Pills
• Powder
• Other Forms

Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Direct Selling
• Chemists/Pharmacies
• Health Stores
• E-Commerce
• Pharmacies & Drug Stores
• Health & Beauty Stores
• Specialty Stores
• Convenience Stores
• Online Stores
• Other Distribution Channels

End Users Covered:
• Infants
• Children
• Adults
• Pregnant Woman
• Senior Citizen
• Geriatric Population
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances