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The global bone and joint health supplements market size was US$ 2.1 billion in 2021. The global bone and joint health supplements market is expected to grow to US$ 3.5 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The global bone and joint health supplements market is expected to grow at a significant growth rate due to the growing geriatric population, and rising awareness related to micronutrient deficiencies. Additionally, the rising cases of orthopaedic diseases will be responsible for market growth. The market players are expected to increase attention to the development of bone and joint health supplements during the analysis period due to the rising consumer demand for more personalized and novel products. The bone and joint health supplements market is anticipated to witness potential growth opportunities due to the rising approaches to joint and bone health through collagen and botanical formulations. Further, improving healthcare infrastructure and the growing integration of novel technologies are expected to boost the market growth.
COVID-19 Impact Analysis
The COVID-19 pandemic has been beneficial for the bone and joint health supplements market as the awareness related to the role and nutritional benefits of having a strong immune system increased substantially. The demand for supplements increased as a result of the growing need for immunity-boosting ingredients like calcium, collagen, and vitamins. Therefore, the COVID-19 pandemic brought along potential opportunities for the bone and joint health supplements market.
Regional Analysis
North America is expected to dominate the bone and joint health supplements market, owing to the factors such as the rising geriatric population, improved medical facilities, the growing integration of advanced technology, and insurance coverage. Moreover, the awareness related to the potential benefits of bone and joint health supplements is growing in the market, which will present attractive prospects for market growth during the analysis period.
The Asia-Pacific bone and joint health supplements market will also grow at the highest growth rate, owing to the growing population rate and increasing geriatric population in the region. Additionally, rising concerns related to people’s well-being and nutritional deficiencies will contribute to the growth of the bone and joint health supplements market during the analysis period. Rising cases of osteoporosis and vitamin D insufficiency in the region are expected to present potential prospects for market growth.
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Competitors in the Market
• 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
• Other Prominent Players
Market Segmentation
The global bone and joint health supplements market segmentation focuses on Product, Formulation, Consumer Group, Sales Channel, and Region.
By Product
• Vitamins
• Minerals
• Collagen
• Omerga-3
• Glucosamine
• Others
By Formulation
• Capsules
• Tablets
• Powders
• Soft gels
• Others
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By Consumer Group
• Infants
• Children
• Adults
• Pregnant Women
• Geriatric Population
By Sales Channel
• Bricks & Mortar
o Direct selling
o Chemist / Pharmacies
o Health Food Shops
o Hyper Markets
o Super Markets
• E-Commerce
By Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
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• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
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