The global bone and joint health supplements market is expected to witness substantial growth during the forecast period. Market growth is primarily driven by growing demand for dietary supplements from the geriatric population. The bone and joint health supplements market is expected to witness significant revenue growth over the forecast period, owing to a rise in the population of baby boomers along with increasing lifestyle diseases. The market was valued at US$ 21,323.8 Mn in the year 2017, while by the end of 2026, the global market for bone and joint health supplements is likely to reach a valuation of US$ 41,458.9 Mn, expanding at a CAGR of 7.7% during the projected period of eight years.
The vitamins & minerals ingredient type segment is expected to be the most attractive in the bone and joint health supplements market
Among the ingredient types, the vitamins & minerals segment is expected to register a healthy CAGR of 7.6% during the forecast period, and is expected to be the most attractive segment in the global bone and joint health supplements market over the forecast period. This segment is expected to account for a value share of more than 42.4% in 2017. The segment is estimated to be valued at US$ 9,035.3 Mn by 2017 end and is expected to reach a value of US$ 17,430.7 Mn by the end of 2026, creating an absolute $ opportunity of close to US$ 605.0 Mn in 2017 over 2016, and an incremental $ opportunity of nearly US$ 7,721.7 Mn between 2018 and 2026.
Growing demand for dietary supplements across the world is likely to boost the global bone and joint health supplements market
In the recent past, there has been a steady increase in incidences of lifestyle diseases due to hectic schedules as well as changing lifestyle patterns. Thus, consumers are taking preventive measures for reducing the effects of lifestyle diseases. Degenerative joint disease is a most common type of arthritis. Hence, bone and joint health supplements should be consumed to prevent and reduce the effects of such diseases. These supplements also contain amino acids and vitamins as ingredients which control blood pressure. This is expected to drive the growth of the bone and joint health supplements market.
Rising health awareness and increasing disposable income has influenced consumers to adopt healthy lifestyles, complemented by dietary supplements. To capitalize on this trend, companies are focused on launching new dietary supplements to prevent diseases, treat nutritional deficiencies, and also to enhance general wellbeing of consumers. Also, with rising disposable income and a growing awareness about health, consumers are spending on such dietary supplements in order to keep themselves fit and healthy.
At present, Brazil is expected to be the third largest healthcare market in the world behind the U.S. and China. The baby boomers population in Brazil is growing three times faster than in the U.S. An increasing baby boomers population in Latin America leads to growing concerns about arthritis joint pain. As a result, the bone and joint health supplements market is rapidly growing in the developed as well as developing countries. With the increasing diseases such as osteoarthritis, rheumatoid arthritis, and arthritis related conditions in the baby boomers population, manufacturers are developing new health supplements in the form of powder and liquid on a wide scale in order to strengthen the bones of consumers. Hence, this population is significantly expected to drive the bone and joint health supplements market in the near future.
Persistence Market Research has revealed various facts on the global bone and joint health supplements market in a recently published research report titled “Bone and Joint Health Supplements Market: Global Industry Analysis (2013–2017) & Forecast (2018–2026)”. This research report is filled with incisive insights and vital acumen on various factors that have contributed to the growth of the global market for bone and joint health supplements. Along with the past market scenario, a glimpse of the future of the global bone and joint health supplements market is also portrayed, which reflects value and volume projections. The forecast analysis is for five years from 2018 to 2026. This can assist the reader in slating important strategies based on present market conditions to achieve expansion in the coming future.
A 360 degree view of the entire market
The research study on the global bone and joint health supplements market puts forth a global 360° perspective. Main geographies across the entire globe are assessed and the trends, developments, opportunities, drivers and challenges in each region and sub region that have an influence over the growth of the market in the respective region are studied to get a clear picture of the global bone and joint health supplements market. Revenue pockets can be identified with such kind of intense market intelligence that is unbiased in nature and purely market centric thus portraying a global perspective in front of the reader.
Unparalleled research methodology for a rock solid research study
Persistence Market Research follows a one of a kind research methodology to glean vital and relevant market insights. This research process ensures delivery of statistical data without errors, thus maximizing the accuracy of the research report. Secondary research in combination with primary research gives a clear market understanding based on which key players, market observers and opinion leaders are interviewed to check the reliability of the data and to add other facets of the market. The uniqueness of this research process is the revalidation and re-evaluation of the data that takes place at each step during each interview and is continued till the conclusion of the market research. Based on this vital acumen, key analysis is drawn and recommendations from domain experts are also included in this intelligence report. The multiple cross checking of the data ensures a highly accurate market scenario that can be directly used by the reader to chalk informed decisions.
The research report on the global bone and joint health supplements market includes an in-depth analysis on each segment of the entire market. The market segmentation covers ingredient form, end user, distribution channel, ingredient type, and region.
By End User
By Distribution Channel
By Ingredient Type
The research report on the global bone and joint health supplements market covers analysis on top companies participating in this market. Various aspects such as SWOT analysis, key developments, innovations, product portfolio, financials and company overview are included in the report. The reader can gain intelligence on the major players who have a good hold in the market, based on which new strategies can be devised to gain an edge on the competition. The weighted market analysis on the global bone and joint health supplements market delivers value to the reader by providing pertinent insights, ready to use statistical analysis and recommendations without bias in order to plan future expansion strategies and also to gain stability in the changing dynamics of the global market.