Bone and Joint Health Supplements Market: Current Analysis and Forecast (2022-2028)

The bone and joint health supplements market is expected to register a CAGR of approx. 8% over the period of 2022-2028. Bones and joint health ingredients such as collagen, calcium, magnesium, and chondroitin are considered essential compounds. These ingredients are used in functional foods to increase their beneficial effects. Bone and joint health ingredients aid in pain relief and joint and bone health by providing prebiotic fiber, vitamins such as vitamin D and vitamin K, calcium, and soy isoflavones. These bone and joint health ingredients aid in the flexibility and strength of the body's joints and bones. The growing demand for bone and joint health supplements can be attributed to the rise in the demand for nutritional supplements such as vitamin D, calcium, etc. across the globe. The increasing focus of the market players on the development of joint health supplements with different compositions is likely to aid the growth of the market. For instance, In November 2021, Nature's Bounty launched jelly beans vitamins that cater to a variety of wellness needs. Owing to the glaring statistics due to sedentary lifestyles there is a rise in joint discomfort among the growing population across the globe is leading to the growing demand for bone and joint health supplements and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the bone and joint health supplements market is anticipated to grow on account of the increase in awareness regarding micronutrient deficiencies and a growing number of bone and joint-related issues among the geriatric population. However, some of the restraints in the market including the high cost of these healthy ingredients are impeding the growth of this market all over the world.

Bayer AG, Procter & Gamble Co, Amway India Enterprises Pvt. Ltd., BASF SE, Archer-Daniels-Midland Co, Pfizer Inc, Reckitt Benckiser Group Plc, Vita Life Sciences Limited, Arazo Nutrition, Glanbia plc are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst form, the soft gels/pills category accounted for the significant share in the market in 2020"

Based on the forms, the bone and joint health supplements market is segmented into soft gels/pills, powder, liquid, and others. The soft gels/pills segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Pills are widely consumed on account of the easy availability of various dosage patterns, easy packaging techniques, storage, and cost-effectiveness. Additionally, soft gels/pills are also preferred in comparison to other types of nutritional supplements due to the high shelf life associated with them

"Amongst ingredient type, the vitamins & minerals category is expected to witness considerable CAGR during the forecast period"

Based on the ingredient type, the market is fragmented into vitamins & minerals, amino acids, botanical supplements, and others. The vitamins & minerals segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the growing adoption of healthy lifestyles, increasing life expectancy, and rising focus on active lifestyles. Also, the increasing consumption of vitamin D supplements to reduce the risk of bone fracture is impelling the market growth. Additionally, the growing adoption of mineral supplements to manage conditions such as osteoporosis and osteoarthritis is likely to aid the growth of the segment.

"Amongst distribution channels, the pharmacies drug stores category is expected to witness considerable CAGR during the forecast period"

Based on the distribution channel, the market is fragmented into pharmacies drug stores, specialty stores, online, and others. The pharmacies drug stores segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the rising number of pharmacy stores selling supplements for bone and joint health with a wide variety of product types of different brands. In, addition, the companies are investing in the opening of stores to reach a larger population base and meet the consumer demand, which is further contributing to the industry growth.

"Amongst end-users, the women category is expected to witness considerable CAGR during the forecast period"

Based on the end-users, the market is fragmented into men, women, and children. The women segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Women's bones are smaller and thinner than men. When menopause sets in, oestrogen, a hormone in women that protects bones, begins to drop off quickly, leading to bone loss due to which bone supplements are necessary for women and likely to boost the growth of the segment. The growing rate of osteoporosis among the women and geriatric population has raised the demand for calcium supplements which boosts the demand of the bone supplement market for women.

"North America to witness significant growth during the forecast period"

For a better understanding of the market dynamics of the bone and joint health supplements market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the bone and joint health supplements industry owing to the high demand from the elderly population due to joint discomfort and the increasing health-conscious population and their inclination toward functional food and beverages.

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Deep dive regional level analysis of the industry.

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