Bone And Joint Health Supplements Market Share and Insights 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Bone And Joint Health Supplements Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $34.44 billion In 2028 At A CAGR Of 84.7% :

The bone and joint health supplements market size has grown strongly in recent years. It will grow from $12.9 billion in 2023 to $14.06 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to quality assurance and safety standard, retail accessibility, medical recommendations, marketing and consumer education.

The bone and joint health supplements market size is expected to see strong growth in the next few years. It will grow to $20.3 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to healthcare cost concerns, focus on natural and organic ingredients, medical endorsements and recommendations, fitness and wellness trends, customized solutions. Major trends in the forecast period include innovation in formulations, sports and fitness trends, medical recommendations and endorsements.

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Bone And Joint Health Supplements Market Major Segments
The bone and joint health supplements market covered in this report is segmented -

1) By Type: Vitamin D, Vitamin K, Calcium, Collagen, Omega-3 Fatty acids, Glucosamine-Chondroitin, Other Type
2) By Form Type: Tablets, Capsules, Liquid, Powder, Other forms
3) By Application Type: Dietary Supplements, Functional Foods and Beverages, Other application types
4) By Distribution Channel Type: Supermarkets/Hypermarkets, Pharmacies, Health Stores, Convenience Stores, Internet Retailing, Other Distribution Channels

Key Driver - Rising Osteoporosis Prevalence Sparks Surge In Bone And Joint Health Supplements Market

The increasing prevalence of osteoporosis is expected to propel the growth of the bone and joint health supplements market going forward. People who have a low calcium intake are more likely to develop osteoporosis. A lifelong calcium deficiency contributes to the development of osteoporosis. It refers to a condition of the bones where the quality or structure of the bones alters or when the loss of bone mass and bone mineral density occurs. The bone and joint health supplements are made to halt bone loss and possibly increase bone density again to prevent fractures. For instance, In May 2022, according to statistics published by Amgen, a US-based biotechnology company, states that every year, osteoporosis causes roughly 1.5 million fractures in the United States, resulting in $19 billion in associated costs. Furthermore, the annual number of fractures caused by osteoporosis is expected to rise by 68% from 2018 to 2040, from 1.9 million to 3.2 million. Therefore, an increase in the prevalence of osteoporosis will drive the bone and joint health supplements market.

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Prominent Trend - Transformative Product Developments Surge In The Bone And Joint Health Supplements Market

Product innovations have emerged as a key trend gaining popularity in the bone and joint health supplements market. Many companies operating in the bone and joint health supplements market are focused on innovating new products to sustain their position in the market. For instance, in November 2021, The Nature's Bounty Co. a US-based brand of health and wellness products, including vitamins and supplements launched a jellybean vitamin line. These fruit-flavored, vegetarian jellybean vitamins don't use gelatin or artificial sweeteners. They are made to offer both adults and children a tasty and entertaining method to promote many elements of wellness. These jellybean vitamins are free of artificial sweeteners and tastes and are designed to assist the entire body on a regular basis. The purpose of these jelly bean vitamins is to offer vital vitamins and nutrients that promote general health, immunological function, vitality, and sleep .

Bone And Joint Health Supplements Market Players
Major companies operating in the bone and joint health supplements market report are Nature's Bounty Incorporated, The Procter & Gamble Company, Amway Corporation, BASF SE, Archer Daniels Midland Company, Reckitt Benckiser Group plc, Pfizer Incorporated, Vita Life Sciences Limited, Glanbia plc, Nutramax Laboratories Consumer Care Incorporated, Koninklijke DSM N.V., Xtend-Life Incorporated, Bergstrom Nutrition Incorporated, BioScience Nutrition Incorporated, Herbs Nutriproducts Private Limited, Arazo Nutrition Incorporated, Vitawin International Holdings Limited, Pure Encapsulations LLC, Abbott Laboratories Incorporated, NutriScience Innovations LLC, Optimum Nutrition Inc., Rainbow Light Nutritional Systems Inc., Schiff Nutrition International Inc., Solgar Vitamin and Herb Co. Inc., Source Naturals Inc., Sports Research Corporation, Swanson Health Products Inc., Twinlab Consolidation Corporation, USANA Health Sciences Inc., Vitacost.com Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the bone and joint health supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bone and joint health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bone And Joint Health Supplements Market Report Structure
3. Bone And Joint Health Supplements Market Trends And Strategies
4. Bone And Joint Health Supplements Market - Macro Economic Scenario
5. Bone And Joint Health Supplements Market Size And Growth
…..
27. Bone And Joint Health Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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