Bone and Joint Health Supplement Market
Bone and Joint Health Supplement Market Study by Vitamins & Minerals, Amino Acids, and Botanical Supplements in Softgel/Pills, Powder, and Liquid from 2024 to 2034
Analysis of Bone and Joint Health Supplement Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bone and Joint Health Supplement Market Outlook (2024 to 2034)
As revealed in a newly published research report by Fact.MR, the global bone and joint health supplement market has been valued at US$ 34.89 billion in 2024. Worldwide sales of bone and joint health supplements are projected to climb at a CAGR of 7.5% and reach US$ 71.91 billion by the end of 2034.
Rapid global bone and joint health supplement market growth is attributed to the surging demand for dietary supplements, especially from elderly people, to fulfill the requirements of necessary nutrients such as vitamin D and calcium. In addition, the high population of baby boomers along with increasing lifestyle diseases, are also contributing to the rising sales of joint health supplements.
There has been an increase in the incidence of lifestyle diseases owing to changing lifestyle patterns and hectic schedules. Thereby, certain preventive measures are taken to minimize the adverse effects of lifestyle diseases. Moreover, degenerative joint disease is one of the commonly found arthritis types, which stimulates consumers to consume bone health supplements to prevent and reduce its effects. These supplements contain vitamins and amino acids as key ingredients, which help in controlling blood pressure.
With increasing cases of several diseases, such as rheumatoid arthritis, arthritis-related issues, and osteoarthritis, in the baby boomers’ population, more manufacturers are coming up with more nutrient-rich health supplements in liquid and powder form. These newly manufactured products assist in strengthening bones, which is contributing to the widening horizons for suppliers of these supplement options.
- Botanical supplements are expected to capture 27.6% of the global market revenue share by the end of 2034.
- North America is estimated to account for 24.3% of the global bone and joint health supplement market share by 2034-end.
- Sales of bone and joint health supplements in Japan are evaluated to rise at an 8% CAGR from 2024 to 2034.
Report Attribute | Detail |
---|---|
Bone and Joint Health Supplement Market Size (2024E) | US$ 34.89 Billion |
Forecasted Market Value (2034F) | US$ 71.91 Billion |
Global Market Growth Rate (2024 to 2034) | 7.5% CAGR |
Market Share of Health & Beauty Stores (2034F) | 24.4% |
East Asia Market Share (2034F) | 23.1% |
South Korea Market Growth Rate (2024 to 2034) | 8.3% CAGR |
Key Companies Profiled | Procter & Gamble; GNC Holdings, Inc.; Angelini Pharma; Nature’s Bounty Co.; NOW Foods; Pfizer Inc.; DSM; Amway; Reckitt Benckiser Group Plc.; Bayer AG; Putitan’s Pride; Nestlé Health Science; GlaxoSmithKline (GSK); Archer Daniels Midland. |
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Why Has Popularity of Bone and Joint Health Supplements Skyrocketed in the Past Decade?
“Growing Population of Aging People Stimulating Demand for Supplements”
More of the elderly population around the world is focusing on the consumption of nutritional supplements, particularly customized as per their requirements for maintaining quality life and good health. Certain changes are observed among elderly people, such as physiological, psychological, and social, which directly impact food choices and dietary patterns. These people heavily rely on tailored dietary consumption patterns and habitual food choices. Furthermore, growing mobility concerns and bone issues are stimulating them to prefer supplemental nutrition solutions that align well with the body requirements of aging consumers.
What Issues are Market Players Grappling With?
“Higher R&D Investments and Clinical Trials”
Nutraceutical products, including bone and joint health supplements, are chemically and clinically developed and thereby require extensive R&D investments, lengthy approval processes from respective authorities, and clinical trials in several countries. In addition, the development of bone health supplements needs a longer period, as it includes trial & testing, formulation, and commercialization. It leads to higher expenses required to prove the efficiency of bone and joint health supplements, which is not possible for small- & medium-sized enterprises.
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What is Helping New Companies Make a Name for Themselves in This Business Space?
“High Investments in R&D to Offer Multi-functional and Enriched Supplements”
New market players trying to enter this business are investing significantly in technological advancements in product techniques. In addition, they are also spending on R&D activities for the discovery of multi-functional properties in these supplements. These innovations are widening the application scope of bone and joint health supplements in the healthcare industry.
Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, reveals in its newly published study that North America is analyzed to possess a share of 24.3% of the global market by the end of 2034. Increasing cases of musculoskeletal disorders in the region are due to obesity, sedentary lifestyles, and a growing aging population, which is limiting the expansion of the bone and joint health supplement market size.
What Opportunities Await Market Players in the United States?
“Growing Healthcare Expenditure Leading to Higher Sales of Supplements”
Attribute | United States |
---|---|
Market Value (2024E) | US$ 3.71 Billion |
Growth Rate (2024 to 2034) | 7.9% CAGR |
Projected Value (2034F) | US$ 7.97 Billion |
The United States is forecast to occupy 45.6% share of the market in North America by 2034. More people in the country are spending significantly on healthcare products, such as supplements. In addition, the presence of an advanced pharmacy distribution system, advanced technologies, a rising number of insured people, and better medical facilities are attracting more manufacturers of bone and joint health supplements to the country. Calcium is one of the prominent supplements consumed by American women with growing cases of arthritis and other bone and joint disorders.
What Makes China a Profitable Market for Bone and Joint Health Supplement Producers?
“Rapidly Rising Cases of Osteoporosis and Vitamin D Deficiency”
Attribute | China |
---|---|
Market Value (2024E) | US$ 3.82 Billion |
Growth Rate (2024 to 2034) | 7.5% CAGR |
Projected Value (2034F) | US$ 7.89 Billion |
China is estimated to hold a share of 47.5% of the East Asian market by the end of 2034. Rising cases of osteoporosis and vitamin D deficiencies are driving demand for several supplements used to support bone and joint health. In addition, the increasing willingness of consumers to spend more on supplement options for maintaining health is also driving demand for bone and joint health supplements.
What is Creating Opportunities for Manufacturers of Bone Health Supplements in Japan?
“Increasing Elderly Population across the Country”
Attribute | Japan |
---|---|
Market Value (2024E) | US$ 2.26 Billion |
Growth Rate (2024 to 2034) | 8% CAGR |
Projected Value (2034F) | US$ 4.88 Billion |
Japan is expected to capture 29.4% share of the East Asian market by the end of 2034. Japan is getting greyer than ever. About one-third of its population is more than 65 years of age, according to the latest national data. This increasing population of elderly people is resulting in a rising demand for several types of dietary or nutraceutical supplements, such as bone and joint health supplements, to match the growing requirements for nutrients. With growing age, elderly people encounter several health issues and consumption of supplements is one such effective way to lead to a healthy life, which is further positively impacting bone and joint health supplement market trends.
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Category-wise Insights
This newly published study by Fact.MR asserts that increased demand for bone and joint health pills is attributed to their ease of consumption, convenience, and precise dosage control. These capsules encase liquid or powdered formulations, thereby ensuring optimal ingredient bioavailability and stability. Their portability and swallowability contribute to their suitability for regular consumption.
Which Distribution Channel is Preferred for Health Supplements?
“High Consumer Preference for Health & Beauty Stores for Purchasing Supplements”
Attribute | Health & Beauty Stores |
---|---|
Segment Value (2024E) | US$ 8.44 Billion |
Growth Rate (2024 to 2034) | 7.6% CAGR |
Projected Value (2034F) | US$ 17.54 Billion |
Health & beauty stores are projected to account for a share of 24.4% of the global market by the end of 2034. These stores offer a wide variety of bone and joint health supplements catering to individuals’ requirements focused on holistic wellness and health. These stores provide bundle deals, coupons, and discounts, thereby attracting a larger consumer base.
Why are Botanical Supplements Preferred More Across the World?
“Innovative Applications of Botanical Supplements”
Attribute | Botanical Supplements |
---|---|
Segment Value (2024E) | US$ 9.63 Billion |
Growth Rate (2024 to 2034) | 7.5% CAGR |
Projected Value (2034F) | US$ 19.85 Billion |
Botanical supplements are forecast to contribute a 27.6% share of global market revenue by 2034. Increased worldwide demand for botanical supplements is attributed to the new approaches to using them in innovative forms. In addition, the growing population of grey people, who are prone to bone issues, is also generating demand for botanical supplements.
Competitive Landscape
Key players in the bone and joint health supplement industry are capitalizing on the trend of growing preferences for dietary supplements. They are focusing on launching new products for disease prevention, treating nutritional deficiencies, and enhancing general well-being.
For instance:
- Borch Med, in April 2024, introduced chondroitin supplements for promoting joint health in Singapore.
- Voltaren, in September 2023, announced the introduction of two new products: Joint Health & Bone Strength Dietary Supplement and Comfort & Movement Daily Supplement. These supplements are particularly designed for improving mobility, enhancing joint health, and increasing flexibility by offering critical nutrients.
Fact.MR provides detailed information about the price points of key manufacturers of bone and joint health supplements positioned across the world, sales growth, production capacity, and speculative technological expansion, in this newly published market report.
Segmentation of Bone and Joint Health Supplement Market Research
-
By Form :
- Softgel/Pills
- Powder
- Liquid
-
By End User :
- Men
- Women
- Senior Citizens
-
By Distribution Channel :
- Pharmacies
- Health & Beauty Stores
- Specialty Stores
- Online Sales
- Other Sales Channels
-
By Ingredient :
- Vitamins & Minerals
- Amino Acids
- Botanical Supplements
- Others
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
- FAQs -
How big is the bone and joint health supplement market in 2024?
The global bone and joint health supplement market is calculated at a value of US$ 34.89 billion in 2024.
What are the sales projections for bone and joint health supplements for 2034?
Worldwide sales of bone and joint health supplements are projected to reach US$ 71.91 billion by 2034.
At what rate is the demand for bone and joint health supplements forecasted to rise?
Global demand for bone and joint health supplements is projected to advance at a CAGR of 7.5% from 2024 to 2034.
What is the contribution of North America to global market revenue?
North America is evaluated to account for 24.3% share of the global market by 2034.
At what rate is the market projected to expand in South Korea?
Sales of bone and joint health supplements in South Korea are forecasted to climb at 8.3% CAGR through 2034.
How much share of the global market are botanical supplements forecasted to account for?
Botanical supplements are calculated to hold 27.6 share of the global market by 2034.
Who are the leading suppliers of bone and joint health supplements?
Nature’s Bounty Co., NOW Foods, Pfizer Inc., DSM, and Amway are some of the prominent manufacturers of bone and joint health supplements.