The bone and joint health ingredients is one of the strongest categories of the dietary supplement industry. It includes essential nutrients, like calcium, vitamin D and K. Calcium and vitamin D plays important roles in the body, including the cardiovascular system and muscle contraction. These ingredients are used as dietary supplements to help prevent osteoporosis and arthritis. Other ingredients, such as olive polyphenols and eggshell membrane, stimulate joint function.
Market Statistics:
The global Bone and Joint Health Ingredients Market is estimated to account for US$ 2,957.78 Mn in terms of value by the end of 2021.
Global Bone and Joint Health Ingredients Market: Drivers
Increase in the consumption of functional foods and dietary supplements is boosting the demand for the products. Moreover, growing popularity of functional food and beverages is another major trend observed in the market. For this key players are introducing variety in functional food and beverage for different age group including children. For instance, in 2019, Thirumala Milk Products, a division of Lactalis India, launched ‘Champ Up’, a fresh toned milk variant fortified with Vitamin–D and extra Calcium, specifically for children, in order to provide them extra bone strength and bone density during their growing years
Global Bone and Joint Health Ingredients Market: Opportunities
The geriatric population is the biggest consumer base of the bone and joint health ingredients market. They are more susceptible to injuries and fractures. This, in turn, is leading to increased demand for natural and plant-derived ingredients. These ingredients are often used in dietary supplements as a preventive measure. Among these, Omega-3, chondroitin, and glucosamine are some of the commonly used ingredients. While the geriatric population is the largest consumer base, the younger population is also becoming aware of the need for a healthy lifestyle. Thus, growing geriatric population is expected to present potential market opportunities.
Global Bone and Joint Health Ingredients Market: Restraints
Lack of effective extraction technologies, adverse reactions, and a comparatively higher cost are some of the key factors expected to hamper the market growth over the forecast period.
Global Bone and Joint Health Ingredients Market - Impact of Coronavirus (Covid-19) Pandemic:
COVID-19 leads to various challenges to produce, supply, and distribute vitamins and minerals supplement tablets. It has affected healthcare systems and economies adversely. However, the outbreak of COVID-19 pandemic has brought attention to the importance and the health benefits of dietary supplements, such as multivitamins, in fighting the COVID-19 infection. This is increasing demand for bone and joint health ingredients among consumers to support their immune health and boost overall wellness.
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Key Takeaways:
The global bone and joint health ingredients market was valued at US$ 2,957.78 Mn in 2021 and is forecast to reach a value of US$ 4,753.5 Mn by 2030 at a CAGR of 6.34% between 2022 and 2030.
Glucosamine- Chondroitin segment held dominant position in the global bone and joint health ingredients market in 2021, accounting for 29.81% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Bone and Joint Health Ingredients Market Trends:
Athletes are focusing on joint health due to growing health and wellness trend. Another factor that is driving the global bone and joint health ingredients market is the increasing awareness among consumers about the importance of a healthy lifestyle. This is owing to the growing number of people opting for sedentary lifestyles and the changing patterns of eating habits. Moreover, the rising awareness about fitness has helped in motivating the consumers to spend more on the products.
One of the biggest trends in the bone and joint health ingredients market is that calcium-fortified foods and beverages are becoming increasingly popular. These fortifications are used in juice drinks to promote bone health. Another emerging trend is the use of fibres. Fibres are most commonly used as a sugar substitute, but they are also linked to gut health benefits.
Global Bone and Joint Health Ingredients Market: Competitive Landscape
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
Global Bone and Joint Health Ingredients Market: Recent Developments
In November 2017, BASF announced the launch of Accelon (Omega 3 absorption technology at GOED exchange), which delivers four times better absorption of omega 3, in comparison to the other leading high- concentrate omega 3 products in the market.
