Bone and joint health supplements market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period. The rising number of patients with osteoporosis and rheumatoid arthritis is becoming a pressing concern for an increasing number of consumers. Furthermore, the growing aging population is leading to a substantial push to the market. Arthritis is no longer just a problem for elderly people as the number of sufferers of the disease among members of younger generations has grown gradually in recent years. Osteoporosis is one of the common problems faced by the global population. According to Cleveland Clinic, About 200 million people are estimated to have osteoporosis globally. In the U.S., the figure is about 54 million people. Although osteoporosis occurs in both men and women, women are four times more likely to develop the disease than men. According to Arthritis Foundation, the number of adults in the U.S. with doctor-diagnosed arthritis is projected to increase by 49% to 78.4 million (25.9 % of all adults) by 2040. These alarming figures have given significant momentum to the global bone and joint health supplements market. With the proper use of bone and joint health this supplement, a person can get the right dose of the different vitamins and minerals, which will give the body the strength to deal with these different bone issues.
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The global bone and joint health supplements market is segmented based on the form, ingredients, and application. Based on the form, the market is segmented into soft gels/pills, powder, and liquid. Based on the Ingredients the market is categorized into Vitamin D, Vitamin K, calcium, collagen, magnesium, omega-3, glucosamine and others. Further, based on the application, the market is segmented into men, women, and senior citizens. Among the application segment, the senior citizen sub-segment is expected to cater prominent market share over the forecast period owing to the high risk of developing a disease such as osteoporosis.
Increasing demand for health supplements such as bone and joint health supplements from the elderly population is projected to fuel the segment growth. People lose bone mass or density as they age which causes diseases such as osteoporosis. The growing aging population and weakening of bone and joints necessitate the consumption of bone and joint health ingredients. According to Cleveland Clinic, after age 50, 1 in 2 women and 1 in 4 men will have an osteoporosis-related fracture in their lifetimes. Another 30% have low bone density which puts them at risk of developing osteoporosis. The elderly population is thus, focusing on adapting to nutritional supplements specifically tailored to their needs to maintain their good health and quality of life.
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Global Bone and Joint Health Supplements Market Segmentation
By Form
- Soft Gels/Pills
- Powder
- Liquid
By Ingredients
- Vitamin D
- . Vitamin K
- Calcium
- Collagen
- Magnesium
- Omega-3
- Glucosamine
- Others
By Application
- Men
- Women
- Senior Citizen
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Amway Corp.
- BASF SE
- Bayer AG
- Bio-Tech Pharmacal
- GlaxoSmithKline plc.
- Koninklijke DSM N.V.
- Love Life Supplements
- Procter & Gamble Australia Pty Ltd.
- Simply Supplements
- The Bountiful Company (Nature’s Bounty (NY) Inc.)
- Vitalife Ltd.
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