Bone and Joint Health Ingredients Market Size and Growth Rate:
According to our research report, the Bone and Joint Health Ingredients Market Size was capitalized at USD 2307.8 million in 2017. The Bone and Joint Health Ingredients Markets expected to exceed USD 3345.3 million by 2023 and grow at a compound annual rate of 6.4% from 2017 to 2023. The global population particularly in the developed economies are approaching ages nearing or surpassing the life expectancy of human beings and maintaining bone and joint health becomes very crucial, the market for bone & joint health ingredients has exceeded USD 9 billion and is thus exhibiting a promising trend.
Bone and Joint Health Ingredients Market Insight Growth Drivers and Restraints:
The World Health Organization (WHO) has estimated that almost 22 million individuals in Europe and 14 million in the United States, alone will be suffering from osteoporosis. In 2017, it has been estimated that more than 200 million people were suffering from osteoporosis. These alarming figures have given significant momentum to the bone and joint health ingredient market. The rise in aging population segment is expected to be the major driving force of global bone and joint health ingredients market.
Aging, as a biological process, leads to weakening of bone and joints, diminished functions and restricted movements. This makes the body more prone to bone fractures, arthritis, back and neck pain, osteoporosis and injuries. The number of senior citizens globally are expected to double in the next 50 years consequently pushing the demand of bone and joint health ingredients in foreseeable future. The geriatric population that are conscious about these ingredients composition are also seeking for plant-based herbal ingredients, such as turmeric, boswelia, and tart cherry, in contrast to animal-derived ingredients, such as glucosamine and chondroitin.
The athletics and gym goers have also realized the importance of bone and joint health supplements and have started adopting them in order to prevent bone deterioration in the later parts of their lives. The market has recently witnessed the emergence of sports nutrition products that promotes bone health. Sports nutrition products catering to bone health have also successfully lessen the chances of bone injury, and are thus becoming regular choice of products for athletes and sportspersons.
Bone and Joint Health Ingredients Market Insight Regional Analysis:
The bone and joint ingredient market is highly competitive in developed regions of North America and Europe but it represents significant untapped potential in emerging economies of Asia-Pacific and Middle East. The more mature markets of the North America like US and Canada are switching to more wholesome aspects of bone and joint health ingredients. There has been a robust demands for functional and fortified foods that contributes to overall bone health. The bone health consciousness has also penetrated among the other countries of North America leading to higher availability of such supplements and products in retail stores and on online platforms.
A leaping urbanization in Asia Pacific region has led to a majority of population suffer from vitamin D insufficiency, which has given an opportunity to the major manufacturers of dietary supplements and functional foods and beverages to expand their footprints and strengthen their position as a leader among the regional market. This factor is expected to drive the market growth over the forecast period.
Notable Companies Operating in the Bone and Joint Health Ingredients Market
- Synutra Inc.
- Rousselot BV
- Archer Daniels Midland Company
- BASF Group
- Royal DSM
- Food Chem, International
- Glanbia PLC
- Holista Colltech Ltd
- Stratum Nutrition- ESM Technologies
- Bergstorm Nutrition Inc.
- Gelita AG
This research report includes following segmentation for the Bone and Joint Health Ingredients Market Size and forecast until 2023
Bone and Joint Health Ingredients Market- By Type
- Vitamin D
- Vitamin K
Bone and Joint Health Ingredients Market- By Application
- Dietary Supplement
- Functional Food & Beverage
Bone and Joint Health Ingredients Market– By Geographical Segmentation:
- South Korea
- ASEAN Countries
- Rest of Asia-Pacific
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Latin America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Reasons to Purchase Bone and Joint Health Ingredients Market Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Identifying the end-user type that is expected to dominate the Bone and Joint Health Ingredients Market in the personal care industry
- Identifying the region that is expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares and strategies employed by the major market players
- 3 months analyst support along with the Market Estimate sheet in Excel