April 22, 2024
Bone and Joint Health Ingredients Market

Bone and Joint Health Ingredients are Driving Growth in Nutraceuticals Consumption

The bone and joint health ingredients market comprises products that promote bone and joint health such as glucosamine, chondroitin, calcium, collagen, omega-3 fatty acids, and others. These ingredients are commonly used in nutraceuticals and functional food and beverage products to prevent age-related bone and joint deterioration. With a growing geriatric population worldwide suffering from osteoarthritis and other joint disorders, the demand for bone and joint health supplements is increasing. Glucosamine and chondroitin sulfate are among the most commonly used ingredients that help rebuild cartilage and lubricate joints. Calcium supplements also play an important role in maintaining bone mineral density and preventing conditions like osteoporosis. Omega-3 fatty acids EPA and DHA from fish and krill oils also impact joint health positively.

The global Bone and Joint Health Ingredients Market is estimated to be valued at US$ 8 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights.

Market Key Trends:

The growing popularity of nutraceuticals and functional foods targeting bone and joint health is one of the major trends fueling market growth. The focus on preventive healthcare and proactive management of chronic conditions is boosting self-medication with dietary supplements. This has encouraged product innovation and new formulations from manufacturers. Another key trend is the increasing demand for cleaner label ingredients and sustainable sourcing practices. Consumers are wary of long-term synthetic supplement use and prefer natural and organic bone health boosters. Plant-based and vegetable sourced options like bromelain from pineapples are gaining market share as a result.

Porter’s Analysis

Threat of new entrants: The bone and joint health ingredients market has moderate threat of new entrants due to the presence of established brands and certifications required.

Bargaining power of buyers: Buyers have low bargaining power in this market as there are many suppliers and options available for bone and joint health ingredients.

Bargaining power of suppliers: The bargaining power of suppliers is moderate given the availability of substitute raw materials and suppliers.

Threat of new substitutes: The threat of substitutes is moderate as there are limited substitutes available for bone and joint health ingredients with similar health benefits.

Competitive rivalry: The competitive rivalry in the market is high due to the presence of many existing brands competing on the basis of product quality, price and innovation.

Key Takeaways

The Global Bone And Joint Health Ingredients Market Size is expected to witness high growth over the forecast period owing to the increasing health awareness and active aging population globally.

Regional analysis: Asia Pacific is projected to witness fastest growth in the bone and joint health ingredients market during the forecast period. This can be attributed to rapidly growing population, increasing expenditure on healthcare and rising awareness about nutritional supplements in emerging nations such as India and China.

Key players: Key players operating in the bone and joint health ingredients market are Synutra, Inc., Rousselot., Royal DSM NV, DuPont., Archer Daniels Midland Company, BASF SE, BIOIBERICA, ESM Technologies LLC, Bergstorm Nutrition Inc., Bioscience Nutrition.

*Note:
1.      Source: Coherent Market Insights, Public sources, Desk research
2.      We have leveraged AI tools to mine information and compile it