Global Bone and Joint Health Supplements Market

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 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

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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 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. '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'

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.

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.

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.

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