New York, U.S., Sept. 28, 2022 (GLOBE NEWSWIRE) — Market overview
According to a comprehensive research report by Market Research Future (MRFR), “Bone and Joint Health Ingredients Market Information by Type, Application and Region – Forecast to 2028“, the Bone and Joint Health Ingredients Market will grow at a rate of 7.69% from 2020 to 2028 to reach $28,481.78 Million by 2028.
The bone and joint health ingredients industry offers a variety of health-focused ingredients that are dedicated to functional foods and beverages, dietary supplements, and other sectors like pharmaceuticals. Product offerings focus on ingredients such as vitamin K, vitamin D, collagen, omega-3s, calcium, glucosamine, magnesium, and more.
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|Market size in 2028||$28,481.78 million|
|Forecast units||Value (USD million)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||by type, application and region|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Key Market Drivers||growing demand for bone and joint health ingredients in the elderly|
|increased prevalence of orthopedic diseases|
Market Competitive Landscape:
Affluent vendors in the Bone and Joint Health Ingredients market include
- DSM (Netherlands)
- BASF SE (Germany)
- Archer-Daniels-Midland Company (ADM) (USA)
- Glanbia PLC (Ireland)
- Lonza Group (Switzerland)
- Stratum Nutrition (USA)
- PharmaZen Limited (New Zealand)
- Cherished Ingredients (USA)
- Holista Colltech (Australia)
- Bioiberica SAU (Spain)
FutureCeuticals, a renowned Illinois company, will now launch FruiteX-B, its popular joint health ingredient in the EU. Distribution will be viewed through vaneeghen, FutureCeuticals’ distribution partner in the EU.
Covered USP market:
The increasing use of bone and joint health ingredients by nutraceutical and pharmaceutical companies for the treatment of several bone diseases will improve the growth rate of the market. The increase in people’s disposable income is encouraging them to adopt a healthier lifestyle, which is expected to drive demand for products made with bone and joint health ingredients. Increase in bone and health related diseases due to the prevalence of sedentary lifestyles and increase in cases of lifestyle related diseases due to busy schedules will also benefit the global market.
The geriatric population, a booming demographic worldwide, is the largest consumer base in the market. Apart from this, gym goers and athletes are now extremely focused on bone and joint health and hence are using these products to prevent the risk of bone deterioration. Market growth has been driven by the emergence of a variety of sports nutrition products that promote bone health ingredients.
The market offers a multitude of lucrative opportunities, especially related to the bioavailability of ingredients. To take advantage of these benefits, manufacturers focus on natural nutrients that have several health benefits, primarily in the weight management and sports nutrition segments. They are also innovating and developing technologies that detect natural sources that offer highly purified and more elemental forms of magnesium and calcium. Exploring proven ingredients to uncover secondary functional benefits seems to be another strategy by manufacturers, which in turn should help the market.
Browse the in-depth market research report (90 pages) on bone and joint health ingredients: https://www.marketresearchfuture.com/reports/bone-joint-health-ingredients-market-4679
Although the growing prevalence of osteoporosis and arthritis along with the increase in technological innovations in healthcare will favor the global market, there are a few challenges and restraints that might slow down the growth rate. Allergic reactions and side effects such as digestive issues combined with poor standardization may lead to lower market demand in subsequent years.
COVID 19 Analysis
The noticeable impact of the COVID-19 outbreak has resulted in various repercussions on the health status of people across the world. The consequences are linked to the significant social and economic burden on people around the world. As key policy makers implement new frameworks and industries adopt advanced expansion models to maintain relevance, people are facing a series of mental traumas.
Around the world, the increase in cases has caused mental and economic problems, especially among the elderly. Additionally, the younger population faces challenges due to loss of livelihoods and opts for family care to cope with the repercussions. Much of the focus is on treating COVID-19 and developing a vaccine, which distracts attention from other markets. However, the demand for healthy products with natural ingredients has increased dramatically, with the aim of preventing infections and maintaining good health. This should greatly benefit the global industry in the long run.
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The different types of bone and joint health ingredients on the market are collagen, calcium, chondroitin, glucosamine, vitamins, and magnesium.
The vitamins segment touched USD 8,254.34 million in 2020 while the collagen segment will record a peak growth rate of 10.62% from 2020 to 2027.
The main applications of ingredients for bone and joint health are food and beverages, pharmaceuticals, nutraceuticals and dietary supplements.
The Nutraceuticals and Dietary Supplements segment takes control of the market with the largest share of 65.55% in 2020 and will reach the highest CAGR of 8.60% from 2020 to 2027.
Asia-Pacific controls the largest market share of 32.60% and will continue to grow at the highest rate of 8.20% during the forecast period. The prominent position of Asia-Pacific in the global market can be attributed to the increase in cases of arthritis and osteoporosis, improved healthcare infrastructure, and dramatically increased disposable incomes of people. Rising awareness of bone and joint health, in light of the alarming rise in cases of various orthopedic disorders, will further strengthen the industry’s share in the region.
Europe ranks second in the global market, with a share of 28.80% reached in 2020. The European market will register a growth rate of 7.07% in the coming years, due to the upsurge in cases of bone and joint disorders. , the wide availability of various medical devices and the notable expansion of the geriatric population.
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