In its latest report, Future Market Insights (FMI) estimates the global bone and joint health supplement market size to reach USD 11,525.3 million in 2024. This upward trajectory is a result of growing geriatric population and the high prevalence of orthopedic disorders.
Emerging trends like escalating interest in preventive healthcare will provide additional thrust to the market, with global sales of bone and joint health supplements set to soar at 6.8% CAGR. Courtesy of this, the market revenue is forecast to total USD 22,165.8 million by 2034.
Attributes | Key Insights |
---|---|
Global Bone and Joint Health Supplement Market Value in 2024 | USD 11,525.3 million |
Bone and Joint Health Supplement Market Size in 2034 | USD 22,165.8 million |
Value-based CAGR (2024 to 2034) | 6.8% |
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The target audience for the supplements is young adults moving into the middle and later life stages. This is because they are more attracted to bone and joint health supplements to support an active lifestyle and prevent fall-related injuries.
Bone and joint health supplements are formulated with essential nutrients, which include calcium, vitamin D, glucosamine, chondroitin, and collagen. They offer the strength to maintain joint function and strengthen bone integrity. Escalating awareness of the importance of bone and joint health will directly impact sales growth through 2034.
Growing geriatric population is putting bone and joint supplements into the limelight. According to the World Health Organization (WHO), around 2.1 billion people will be aged 60 or over by 2050. This suggests a higher need for nutritional supplements in the coming years.
Older people are susceptible to conditions like arthritis and osteoporosis, prompting them to use various dietary supplements and nutraceuticals. Maintaining an active lifestyle in older years requires developing strength and muscular mass and promoting joint health. This can be achieved by consuming age-related health supplements.
The market has a growing trend for formulations tailored to their customer's unique needs. Key manufacturers are introducing innovative products for specific customers to gain a competitive edge in the market.
Escalating health awareness and wellness trends are acting as catalysts triggering growth of the bone and joint health supplement market. A shift towards clean and natural supplements and booming e-commerce will further create growth opportunities for bone and joint supplement manufacturers.
Global bone and joint health supplement sales grew at a CAGR of 5.8% from 2019 to 2023. However, the future market prospects look brighter, with global demand for bone and joint health supplements set to surge at 6.8% CAGR.
The market is witnessing robust growth, pushed by growing health concerns, aging population, and high demand for preventive healthcare supplements. The aging population seeks to have a solution for maintaining body mobility, joint movement, and vitality, thereby propelling bone and joint health supplement demand.
Lifestyle trends are also supporting the growth of the global bone and joint health supplement industry. Working professionals with desk and office-based jobs are seeking supplements to manage the effects of prolonged sitting and physical inactivity. This is directing them toward bone and joint health supplements.
Digital health platforms, personalized nutrition solutions, and telephonic health services are forecast to increase the utilization of bone and joint health supplements. Manufacturers are prioritizing raw materials transparency, with standard regulatory frameworks to govern the growth in the bone and joint health supplement product market.
There is also a surging demand for specialized supplements due to consumer’s personalized fitness and nutrition plans. This can create lucrative growth opportunities for manufacturers between 2024 and 2034.
The global bone and joint health supplement industry is witnessing shift toward supplements derived from plant extracts, herbs, and marine ingredients like collagen. This is due to growing consumer preference for natural and organic supplements.
The below section shows the estimated growth projection of the top nations. The United States, Germany, and China remain the top consumers of bone and joint health supplements. On the other hand, Japan and South Korea are set to witness higher CAGRs of 7.9% and 7.3%, respectively, through 2034.
Countries | Bone and Joint Health Supplement Market CAGR (2024 to 2034) |
---|---|
Germany | 4.7% |
United States | 4.1% |
Japan | 7.9% |
China | 6.3% |
South Korea | 7.3% |
Countries | Bone and Joint Health Supplement Market Revenue in 2034 |
---|---|
United States | USD 3,989.8 million |
Germany | USD 1,884.6 million |
Japan | USD 912.5 million |
China | USD 1,721.4 million |
South Korea | USD 487.1 million |
When it comes to bone and joint health supplement consumption, the United States leads from the forefront. Sales of bone and joint health supplements in the nation are forecast to surge at 4.1% CAGR, with total valuation touching USD 3,989.8 million market by 2034.
The importance of holistic health is becoming more widely recognized in the United States as more customers understand how important it is to be mentally and physically fit. This is resulting in rising demand for bone and joint health supplements.
Consumers in the United States are seeking a healthier lifestyle due to their desire to 'feel healthy'. Supplements that might assist customers in following an all-inclusive wellness course are gaining popularity, creating growth opportunities for bone and joint supplement manufacturers.
Rising sales of health supplements through online platforms are enhancing the United States’s bone & joint health supplement market share. Similarly, escalating trend of preventive healthcare will generate growth prospects for the market.
Online mode makes it more convenient for customers to purchase products from multiple brands and manufacturers in one location. Customers can easily compare products and explore their options due to the convenience of purchase.
Bone and joint health supplement demand in Germany is picking up pace, recording a steady CAGR of 4.7%. Total revenue in the country is forecast to reach USD 1,884.6 million by 2034, holding about 17.9% of the European bone and joint health supplement market share.
As consumers in Germany become more knowledgeable, their appetite for modified bone and joint health supplements increases. This, in turn, is creating higher demand for inventive personalized bone and joint health supplements in the country.
Japan is emerging as a hotbed for bone and joint health supplement manufacturers across East Asia. As per the latest analysis, Japan's bone and joint health supplement market is gathering pace, with demand rising at 7.9% CAGR.
One of the key factors fostering growth of the bone and joint health supplement industry in Japan is the growing geriatric population. Older people are prone to developing various bone and joint disorders, thereby necessitating usage of bone and health supplements.
According to the national data of Japan, more than 30% of the population, which is 125 million people, are above 65 years of age. Due to this broad target audience base, a robust CAGR for Japan's bone and joint support supplement market is on the horizon.
The section covers the leading segments of the global bone and joint health supplement market. By form, the capsules segment will likely hold a market share of 36.4% in 2024. Similarly, the online pharmacies category by sales channel is likely to generate a share of 16.8% by 2024.
Form | Capsules |
---|---|
Market Share in 2024 | 36.4% |
Consumers mostly prefer bone and joint health capsules over other forms, resulting in the target segment holding a prominent market share of 36.4% in 2024. Sales of bone and joint health supplement capsules are set to witness an uptick, rising at 4.4% CAGR and generating revenue worth USD 7,359.0 million by 2034.
Capsules have a longer shelf life when compared with liquid and soft gels. This form is easy to store in dry storage. Consumers prefer capsules due to their easy-to-consume format, which can greatly improve the bioavailability of active ingredients.
Easy to swallow nature of tablets makes it a suitable pill format for consumers of all ages. They have the ability to mask stingy odors and unpleasant tastes of certain ingredients. This gives the bone and joint health capsule segment a slight edge over other forms.
Emerging trends, however, predict the gummies segment to rise into fame between 2024 and 2034. This is due to their advantages like convenience and palatability. Hence, key manufacturers will look to capitalize on these opportunities by offering trending products like bone and joint health supplement gummies and capsules.
Sales Channel | Online Pharmacies |
---|---|
Market Share in 2024 | 16.8% |
When it comes to purchasing bone and joint health supplements in the modern world, consumers prefer online pharmacies. This is because these sales channels offer better convenience. A robust CAGR of 8.6% is on the cards for the online pharmacies segment. It will probably total a valuation of USD 6,256.3 million in 2034.
Online pharmacies allow consumers to purchase various bone and joint health supplements in the comfort of their homes without requiring a prescription. As a result, more and more customers are attracted to these sales channels.
For senior citizens over 65, online pharmacies are an advantage over store-based retail. Many online pharmacies also offer discounts, coupons, and bundle deals, making it attractive for people to purchase bone and joint health supplements from these online sales channels.
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The bone and joint health supplement market has a diverse and dynamic competitive landscape. To survive and succeed in this thriving industry, manufacturers of bone and joint supplements are constantly introducing new formulations in attractive forms like gummies, candies, and drinks. They are also marketing their products to older people susceptible to bone and joint diseases.
Companies are trying to innovate new ingredients and formulations such as vitamin K, collagen, and omega-3 to use in bone and joint health supplements. Similarly, they are focusing on using sustainable sources to appeal to eco-conscious customers.
Several bone and joint health supplement manufacturers are solidifying their presence on e-commerce platforms to expand their customer base and boost sales. They also employ strategies like distribution agreements, partnerships, collaborations, celebrity endorsements, and acquisitions to stay ahead of this expanding market.
Recent Developments in the Bone and Joint Health Supplement Market:
The global market value is forecast to total USD 11,525.3 million in 2024.
The target industry recorded a 5.8% CAGR between 2019 and 2023.
Global demand is set to rise at 6.8% CAGR through 2034.
The bone & joint health supplement market size is set to reach USD 22,165.8 million by 2034.
Nature's Bounty Co., NOW Foods, Pfizer Inc., and Bayer AG.
North America is set to hold a revenue share of 32.2% through 2034.
The global bone health supplement market size reached USD 18,234.1 million in 2023.
Glucosamine.
North America.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Value Chain Analysis 5. Global Market- Pricing Analysis 6. Global Market Size in Value (USD million) and Analysis 2019 to 2023 and Forecast, 2024 to 2034 7. Global Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Calcium Supplements 7.2. Vitamin D Supplements 7.3. Glucosamine and Chondroitin Supplements 7.4. Omega-3 Fatty Acid Supplements 7.5. Herbal Supplements 7.6. Multivitamins with Minerals 8. Global Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 8.1. Tablets 8.2. Capsules 8.3. Liquids 8.4. Powders 8.5. Gummies 8.6. Soft Gels 9. Global Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel 9.1. Store Based 9.1.1. Modern Trade 9.1.2. Hospital Pharmacies 9.1.3. Retail Pharmacies 9.1.4. Drug Stores 9.2. Online Pharmacies 10. Global Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034 12. Latin America Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034 13. Europe Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034 14. East Asia Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034 15. South Asia Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034 16. Oceania Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034 17. Middle East & Africa Market Size in Value (USD million) Analysis 2019 to 2023 and Forecast 2024 to 2034 18. Country-level Market Analysis, 2024 19. Market Structure Analysis 20. Competition Analysis 20.1. Nature's Bounty Co. 20.2. GNC Holdings, Inc. 20.3. NOW Foods 20.4. Reckitt Benckiser Group plc 20.5. Pfizer Inc. 20.6. Bayer AG 20.7. GlaxoSmithKline (GSK) 20.8. Nestlé Health Science 20.9. DSM 20.10. Puritan's Pride 20.11. Dr. Reddy's Laboratories 20.12. Angelini Pharma 20.13. Other Players (On Additional Requests) 21. Assumptions and Acronyms Used 22. Research Methodology
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