USD 11.7 billion
Global Bone and Joint Health Supplements Market Size, Share, Growth Analysis, By Product(Glucosamine, chondroitin), By Distribution Channel(Online retail, pharmacies) - Industry Forecast 2024-2031
Report ID:
SQMIG30H2159 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
65 |
Figures:
75
Global Bone and Joint Health Supplements Market Insights
Global Bone and Joint Health Supplements Market size was valued at USD 11.7 billion in 2022 and is poised to grow from USD 12.69 billion in 2023 to USD 24.38 billion by 2031, at a CAGR of 8.5% during the forecast period (2024-2031).
The rapidly expanding senescent population and high awareness regarding bone and joint health are factors that drive the global bone and joint health supplements market growth. The rising prevalence of musculoskeletal disorders is also slated to contribute to high bone and joint health supplement sales. Consumers are increasing the consumption of dietary supplements that incorporate essential elements like calcium, vitamin D, glucosamine, and chondroitin to bolster their bone and joint well-being as regular nutrition is not able to fulfill this in modern times. Furthermore, there has been notable innovation in product formulations, with the introduction of plant-based and collagen-based supplements, catering to a variety of consumer preferences. The role of e-commerce and online retail platforms has been pivotal in extending the market's reach. Despite disruptions caused by the pandemic, the bone and joint health supplements market is poised for sustained growth in the foreseeable future.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Online retail
Fastest Growth
Online retail
Growth Rate
8.5% CAGR
Global Bone and Joint Health Supplements Market by region
Country Share for North America(%)
Global Bone and Joint Health Supplements Market by Distribution channel
Global Bone and Joint Health Supplements Market by Distribution channel
To get more reports on the above market click here to Buy The Report
Global Bone and Joint Health Supplements Market Segmental Analysis
The global bone and joint health supplements market is segmented based on product type, distribution channel, and region. On the basis of product type, the market is divided into supplements such as glucosamine, chondroitin, calcium, vitamin D, and others, catering to consumers seeking relief from joint pain, arthritis, and overall skeletal health. Based on distribution channels, the market is segmented into online retail, pharmacies, and specialty stores, providing consumers with a range of convenient options to access these supplements. Geographically, the market exhibits regional variations in demand, with North America and Europe being prominent markets due to the aging population and growing awareness of bone and joint health, while the Asia-Pacific region is emerging as a significant growth opportunity, driven by increasing health consciousness and disposable income among consumers.
Analysis By Product
Calcium supplements and vitamin D supplements comprise the largest sector, owing to their essential role in maintaining bone density and preventing conditions like osteoporosis. This sector is also fueled by the rising prevalence of osteoporosis globally. On the other hand, the fastest-growing sector is the one focused on omega-3 fatty acids and other natural anti-inflammatory supplements, as consumers seek holistic approaches to joint health.
Analysis By distribution channel
E-commerce stands out as the swiftly advancing sector, propelled by the ease of online shopping, a diverse array of product choices, and the growing inclination of consumers towards doorstep delivery. This sector is anticipated to sustain its rapid growth trajectory, positioning itself as the predominant segment within the bone and joint health supplements market. It is set to capture a significant portion of the worldwide consumer base seeking these products to enhance musculoskeletal well-being.
Global Bone and Joint Health Supplements Market by Distribution channel, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Bone and Joint Health Supplements Market Regional Insights
The global market for bone and joint health supplements showcases varied regional patterns. In North America, the market is steered by an expanding aging demographic opting for preventive measures and an increasing awareness of musculoskeletal health. Europe is distinguished by a preference for natural and holistic remedies, fostering demand for supplements featuring herbal and plant-based ingredients. The Asia-Pacific region is undergoing swift market expansion owing to a rising middle-class population, heightened fitness consciousness, and urbanization. Conversely, Latin America and the Middle East hold smaller market shares but are undergoing steady growth as awareness about bone and joint health supplements rises. On the whole, the global market is on an expansion trajectory, with distinctive regional dynamics shaping its course.
Global Bone and Joint Health Supplements Market by Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Bone and Joint Health Supplements Market Dynamics
Drivers
- Aging Population: The geriatric population around the world is expanding at a rapid pace and so is the incidence of bone and joint issues. As people age, they are more at risk of suffering from arthritis, osteoporosis, and other types of bone-related diseases thereby driving up the demand for bone and joint health supplements as well.
- Growing Health Awareness: The COVID-19 pandemic has boosted the adoption of different kinds of preventive healthcare products around the world and this is also slated to uplift sales of bone and joint health supplements across the forecast period. With more people focusing on improving their bone health, they are estimated to opt for more bone and joint health supplements in the future.
Restraints
- Regulatory Challenges: Dietary supplements and nutraceutical manufacturers need to comply with stringent regulations and standards that are different for every country in the world. Ensuring compliance with these standards is estimated to be a challenge for bone and joint health supplement companies and might also incur additional costs that reduce profits.
- Competition and Product Quality: The high availability of a wide variety of products has made the bone and joint health supplements market extremely competitive. Products are being priced at extremely competitive rates, which is highly beneficial for consumers as they can choose from multiple products but this competitive pricing might cut into the profits of companies and slow down bone and joint health supplements market growth in the future.
Request Free Customization of this report to help us to meet your business objectives.
Global Bone and Joint Health Supplements Market Competitive Landscape
The global bone and joint health supplements market is highly competitive with some established companies holding a prominent share of the market. Product innovation and raising awareness regarding preventive healthcare are two factors that could bolster demand for bone and joint health supplements in the future. Mergers, collaborations, partnerships, and acquisitions are also estimated to be popular strategies that bone and joint health supplement companies can opt for going forward. The rapidly aging population is also slated to emerge as a key demographic for bone and joint health supplement suppliers around the world. The incorporation of natural and organic ingredients in bone and joint health supplements is also estimated to be a key trend that will augment the future market growth trajectory.
Top Player’s Company Profiles
- GlaxoSmithKline (GSK) - United Kingdom
- NOW Foods - United States
- Jamieson Wellness Inc. - Canada
- Abbott Laboratories - United States
- Bayer AG - Germany
- Solgar Inc. - United States
- Nutramax Laboratories - United States
- Blackmores Limited - Australia
- Life Extension - United States
- Jarrow Formulas - United States
- Nature's Bounty Co. - United States
- Douglas Laboratories - United States
- BioTech Pharmacal - United States
- Pure Encapsulations - United States
- Nature's Way - United States
- Swisse Wellness - Australia
- Webber Naturals - Canada
- Amway - United States
- Herbalife - United States
- Natural Factors - Canada
Recent Developments
- Natural Factors, a provider of natural products based in California was acquired by Glanbia plc, a renowned name in the nutrition space at an undisclosed amount in December 2022. Glanbia strengthened its position in the global bone and joint health supplements market through this acquisition.
- A majority stake in Care/of, a direct-to-consumer vitamin and supplement company was acquired by Bayer AG back in November 2022. This move allowed Bayer access to Care/of’s portfolio of bone and joint health supplements.
- Vital Proteins, a collagen-based bone and joint health supplement manufacturer, was acquired by Nestlé Health Science. Through this move in October 2022, Nestlé SA expanded its product portfolio and distribution network in over 40 countries.
- In September 2022, Amway, a global direct-selling company, acquired the assets of Joint Juice, a maker of bone and joint health supplements. Joint Juice is a popular brand in the United States, and its products are sold in over 20,000 retail stores.
Global Bone and Joint Health Supplements Key Market Trends
- Increased Awareness of Preventative Healthcare: People around the world are more focused on preventive healthcare as they witness the high prevalence of chronic diseases. This increased health and fitness awareness is also estimated to create new opportunities for bone and joint health supplement suppliers in the long run. High awareness among the senescent population is also a key factor in offering money-making opportunities for bone and joint health supplement companies going forward.
- Expansion of Product Variety: A wide variety of bone and joint health supplements is available for consumers of different age groups and different preferences. Bone and joint health supplement manufacturers are continually focusing on widening their product portfolio to accommodate the changing needs of various consumers around the world and this is slated to create a multitude of new opportunities for bone and joint health supplement vendors in the long run.
Global Bone and Joint Health Supplements Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, the rapidly aging population worldwide is projected to bolster demand for bone and joint health supplements in the future. High incidence of bone and joint-related issues such as osteoarthritis and osteoporosis coupled with an increased focus on preventive healthcare are also estimated to boost bone and joint health supplements market growth going forward. The increasing willingness of people to spend on dietary supplements and the wide availability of the same are also favoring market development. However, stringent regulatory mandates of different countries are estimated to emerge as a major challenge for bone and joint health supplement companies across the forecast period. Nevertheless, with the convergence of these factors, the global bone and joint health supplements market is expected to experience robust expansion in the foreseeable future. North America accounts for the highest bone and joint health supplements demand across the world and this can be linked to the growing aging population and high awareness regarding bone and joint-related disorders. Bone and joint health supplement companies should focus on expanding their product portfolio and coming up with innovative new products to stay relevant in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.7 billion |
| Market size value in 2031 | USD 24.38 billion |
| Growth Rate | 8.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Bone and Joint Health Supplements Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Bone and Joint Health Supplements Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Bone and Joint Health Supplements Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Bone and Joint Health Supplements Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Bone and Joint Health Supplements Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Bone and Joint Health Supplements Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Bone and Joint Health Supplements Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 617-230-0741
