BONE AND JOINT HEALTH INGREDIENTS MARKET ANALYSIS

The global bone and joint health ingredients market size was valued at US$ 2,957.78 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.34% from 2022 to 2030. The global bone and joint health ingredients market is expected to witness significant growth over the forecast period. This is attributed to the increasing demand for products that help in the prevention of fractures and joint injuries. Additionally, the aging population has also influenced the consumption of these ingredients. Moreover, rising demand for natural ingredients is also boosting the global market growth.

Global Bone and Joint Health Ingredients Market: Regional Insights

North America is expected to hold dominant position in the global bone and joint health ingredients market. The market is predicted to account for a large share of the global market due to increasing consumer awareness and demand for dietary supplements among elderly population. Furthermore, increasing focus on prevention rather than treatment is also driving the regional market growth. Additionally, key players are focused on increasing investment in R&D for ingredients that can address multiple conditions at once.

Asia Pacific is expected to hold a second leading position in the global bone and joint health ingredients market. It has been forecasted that the China bone and joint health ingredient market will see a strong growth in the next six years. Other markets in Asia include the Japan and South Korea. Increasing consumer awareness about the benefits of healthy food and beverages has prompted people to adopt a healthier lifestyle. Moreover, the increasing disposable income has led to the demand for more functional foods that promote bone and joint health.

Europe is another region that is expected to experience a high growth rate in the coming years. Despite the fact that the region is categorized into France, Germany and the U.K., the rest of the European Union has also been studied separately. Hence, this region is expected to account for the highest share in the global bone and joint health ingredients market. Furthermore, the market in this region is primarily driven by the growing trend of health and wellness.

Figure. 1: Global Bone and Joint Health Ingredients Market by Regions, 2021

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Global Bone and Joint Health Ingredients Market Drivers:

Growing number of osteoporosis, rheumatoid arthritis, and osteoarthritis cases globally to uplift market growth

According to the Centers for Disease Control and Prevention (CDC), there are more than hundred types of arthritis conditions affecting more than one in four adult consumers worldwide. Furthermore, doctor-diagnosed arthritis is more common globally in women, in comparison to that of the male population, however, in some types, such as rheumatoid arthritis, women far outnumber men. As per the data stated by World Health Organization (WHO), prevalence of rheumatoid arthritis worldwide, ranges between 0.3% and 1%, affecting more number of women than men, and is more common in developed countries.

Increasing demand for herbal and natural ingredients to augment market growth

Natural and herbal ingredients have immense potential in joints and bone health supplements owing to their specific health benefits. Due to this pharma companies are incorporating natural ingredients into various food and beverage products. Omya AG which is a producer of industrial minerals offers its Calcipur range of natural calcium carbonates. This all-round ingredient optimizes production processes and formulations, but is also a supreme fortification agent. These natural range of calcium carbonates are naturally sourced and possess high bioavailability, supporting bone health as well as the proper functioning of muscles and nerves.

Global Bone and Joint Health Ingredients Market Opportunities:

Increasing incorporation of Vitamin K2 in functional foods as they have potential to treat condition like osteoporosis is projected to serve major growth opportunities. For instance, in October 2022, Biotech innovator, Conagen announced the development of its fermentation-derived vitamin K2 - a high-purity all-trans menaquinone-7 (MK-7).  This is the first molecule from a proprietary platform for producing novel, pure, long-chain menaquinone forms of the vitamin. Vitamin K2 helps to regulate calcium mobility in bones and restricts calcium buildup in blood vessels, leading to stroke and heart disease.

Increasing focus of key players on introducing novel products to cater to growing demand is projected to serve major growth opportunities. For instance, in January 2018, ADM announced the launch of non-GMO ingredient, Onavita™ Flaxseed Oil, applicable to supplements. The ingredient also caters to the vegetarian and vegan population.

Global Bone and Joint Health Ingredients Market Trends:

Digitalization Of The Industry

Another factor that is positively impacting the bone and joint health ingredients market is the digitalization of the industry. This trend is driving the need for manufacturers to find new ways to impress consumers and to get more traction in the market.

Growing popularity of collagen drink for bone health

In April 2021, Reneva announce the launch of canned collagen protein drinks that are naturally flavored and sweetened! Reneva Collagen Protein drinks are completely free of any preservatives and artificial colors as well. Reneva Collagen Drinks are an excellent source of vitamins and minerals like magnesium, zinc, biotin, vitamin B6, vitamin B12, niacin, folic acid, and pantothenic acid (B5) to further support an active lifestyle.

Global Bone and Joint Health Ingredients Market Restraints:

Clinical challenges associated with the dietary supplement to hinder market growth

For example, a systematic  review and meta-analysis published in the Journal of the American Medical Association in 2017 did not ‘support the routine use’ of calcium, vitamin D or both to prevent fractures in community-dwelling older adults. Moreover, there have been allergic cases especially with vitamins segment

High cost of R &D and clinical trials to restrict market growth

High investment required for R &D and clinical trials is another key factor hampering bone and joint health ingredients market growth. However, growing prevalence of chronic disease is projected to create demand for functional food.

Figure. 2: Global Bone and Joint Health Ingredients Market by Segments, 2021

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Global Bone and Joint Health Ingredients Market Segmentation:

The global bone and joint health ingredients market report is segmented into type, application, and geography

Based on type, the market is segmented into Vitamin D, Vitamin K, Calcium, Collagen, Magnesium, Glucosamine, Omega-3, and Other Types. Out of which, Vitamin D is expected to dominate the global market over the forecast period and this is attributed to the growing demand from dietary supplements. The vitamin D segment of the market studied was valued at US$ 131.21 million in 2018, and is projected to reach US$ 202.52 million by 2024, registering a CAGR of 7.57% during the forecast period of 2019-2024.

Vitamin K segment is also expected to witness significant growth in the near future and this is owing to its broader health benefits and also it is increasingly being seen as a bone health ingredient. The vitamin K segment of the market studied was valued at US$ 123.98 million in 2018, and is projected to reach US$ 203.93 million by 2024, registering a CAGR of 8.7% during the forecast period of 2019-2024.

Based on application, the market is segmented into Dietary Supplement and Functional Food and Beverage. Out of which, Functional Food and Beverage is expected to dominate the global market over the forecast period and this is attributed to the growing trend of functional food and beverage to support active lifestyle among consumers. The functional food and beverages segment of the market studied was valued at US$ 699.58 million in 2018, and is projected to reach US$ 1088.56 million by 2024, registering a CAGR of 7.61% during the forecast period of 2019-2024.

Dietary Supplement segment is also expected to witness significant growth in the near future and this is owing to the growing demand for calcium containing dietary supplements that support building of strong bones.

Global Bone and Joint Health Ingredients Market: Key Developments

In March 2018, Rousselot launched hydrolyzed collagen for healthy joints. It helps in promoting healthy cartilage, enabling smooth joint movement, as well as reducing the effects of inflammation.

In Apr 2017, The ADM launched Onavita™ DHA Algal Oil, supplementing omega-3 ingredients portfolio.

In January 2018, ADM announced the launch of non-GMO ingredient, Onavita™ Flaxseed Oil, applicable to supplements. The ingredient also caters to the vegetarian and vegan population.

In May 2022, FutureCeuticals, Inc. is has announce the launch of FruiteX-B®, is now available for commercial use in the European Union (EU) through the company's EU distributor, vaneeghen. FruiteX-B is a patented, vegan, mineral complex called calcium fructoborate that is identical to the same compound found in nature in certain fruits, vegetables, nuts, and legumes.

In July 2022, Infinitus, a provider of high-quality Chinese herbal health products and services, launched a new series of Li Mai Jian supplements on July 20. The new product launch, themed Making Bones Stronger for Joint Health, was held the same evening online and attracted more than 130,000 views

Global Bone and Joint Health Ingredients Market: Key Companies Insights

The global bone and joint health ingredients market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global bone and joint health ingredients market are Synutra Inc., Darling Ingredients Inc., Archer Daniels Midland Company, BASF SE, Koninklijke DSM NV, Foodchem International Corporation, Glanbia PLC, Holista, Colltech Ltd, ESM Technologies LLC, Bergstorm Nutrition Inc., and Gelita AG

*Definition: Bone health ingredients, also known as bone health supplements, are used to promote bone health. It helps to maintain the structure and functions of bones, which include a depository of minerals and the production of red blood cells. The ideal formulation should contain the right amounts of nutrients and minerals. This includes calcium, vitamin D, and other elements such as glucosamine and collagen.