The Bone And Joint Health Ingredients Market is anticipated to open up the new avenue for bone and joint health through structural support and joint mobility
The Bone And Joint Health Ingredients Market is anticipated to open up the new avenue for bone and joint health through structural support and joint mobility
The Bone And Joint Health Ingredients Market is estimated to be valued at US$ 3344.72 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.



Market Overview:
Bone and joint health ingredients are nutritional dietary supplements used to support bone and joint structure and function. Key ingredients include glucosamine, chondroitin, calcium, magnesium, collagen proteins, and antioxidants. These ingredients help support joint cartilage and connective tissues, nourish bones, reduce inflammation, and improve mobility. They are commonly used in dietary supplements, functional foods, and medical nutrition for arthritis, osteoporosis and joint pain patients.

Market Dynamics:
The bone and joint health ingredients market is primarily driven by the growing geriatric population who are more prone to joint and bone issues like arthritis and osteoporosis. As per United Nations data, the population aged 60 years or above was estimated at 962 million in 2017 and is expected to reach 2.1 billion by 2050 globally. Moreover, rising cases of obesity is another key factor fueling market growth. Excess body weight places undue pressure on joints, increasing the risk of pain and arthritis. As per WHO, over 650 million adults and 340 million children were obese in 2016.

Rising health consciousness among consumers has also augmented the demand for bone and joint health supplements. Consumers are increasingly adopting preventive healthcare approaches and maintaining joint health through dietary supplements. Expanding application of bone and joint health ingredients across end user industries like nutraceuticals, food and beverage, cosmetics will further support the market expansion over the forecast period.

Segment Analysis
The Bone And Joint Health Ingredients Market is primarily segmented into Glucosamine & Chondroitin, Calcium, Collagen, Omega-3 and others. The Glucosamine & Chondroitin segment currently dominates the market due to high adoption among consumers for joint pain relief. Glucosamine is an amino sugar that occurs naturally within the body. It is believed to help repair cartilage and protect against further joint damage.

PEST Analysis
Political: The market is positively impacted by growing government support for research funding into joint pain and bone health management.
Economic: Rising per capita healthcare expenditure coupled with awareness around preventive healthcare is strengthening growth.
Social: Increasing problems such as obesity, sedentary lifestyle and joint disorders within aging populations are key to demand.
Technological: Advanced production technologies allow manufacturers to offer customized ingredient blends as per formulation needs of end users.

Key Takeaways
The global Bone and Joint Health Ingredients market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing health consciousness among consumers. The market size for 2023 is estimated at US$ 3344.72 Mn.

North America dominates the regional market owing to rising prevalence of orthopedic conditions along with growing dietary supplement spending in the US and Canada. Asia Pacific is projected to be the fastest growing market led by burgeoning middle class, rising health expenditure and westernization of diets in China and India.

Key players operating in the Bone and Joint Health Ingredients market are Synutra Inc., Darling Ingredients Inc., Archer Daniels Midland Company, BASF SE, Koninklijke DSM NV, Foodchem International Corporation, Glanbia PLC, Holista, Colltech Ltd, ESM Technologies LLC, Bergstorm Nutrition Inc., and Gelita AG. BASF SE and Koninklijke DSM NV are the global leaders in structured joint health ingredients.

 

 

Read More: https://www.rapidwebwire.com/bone-and-joint-health-ingredients-market-analysis/

disclaimer

What's your reaction?

Comments

https://www.timessquarereporter.com/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!

Facebook Conversations