DUBLIN, Feb. 7, 2024 /PRNewswire/ — The “Bone and Joint Health Supplements Global Market Report 2024” has been added to ResearchAndMarkets.com’s offering.
The latest comprehensive research on the global bone and joint health supplements market projects a robust growth trajectory, backed by an increasing focus on musculoskeletal health among the aging population and burgeoning product innovations within the industry. Market analysts forecast an expansion from $12.9 billion in 2023 to an impressive $20.3 billion by 2028, marking a significant CAGR of 9.6% over the forecast period.
This surge is attributed to a heightened awareness of healthcare costs, consumer demand for natural and organic supplement ingredients, staunch endorsements by the medical community, and the profound influence of sports and fitness trends. The increasing prevalence of osteoporosis, a debilitating bone condition, has been a significant catalyst driving the need for bone strengthening supplements such as calcium and vitamin D.
Regional Market Insights and Demographic Influence
The North American region emerged as the largest market in 2023, while Asia-Pacific is anticipated to experience the fastest growth throughout the forecast period. This development is broadly linked to the aging global population, especially noting that by 2030 a sixth of the world’s population will be over 60 years of age, with numbers expected to double by 2050.
Product Innovations and Strategic Acquisitions Fueling Market Dynamics
Cutting-edge product developments are enhancing consumer offerings. Recent market entries include fun and palatable jellybean vitamins and vegan calcium + vitamin D gummies, which cater to the growing demand for plant-based and enjoyable health supplements. These product innovations demonstrate a keen industry responsiveness to consumer preferences for natural, convenient, and appealing supplement solutions.
Market Leaders and Strategic Moves
The bone and joint health supplements market sees active engagement from major players that focus on strategic acquisitions and the roll-out of innovative products to capture market share. Nestlé Health Science’s acquisition of Bountiful Company’s core brands epitomizes the strategic initiatives underway, further consolidating the market and expanding the global reach of reputable health solutions.
Key segments within the market include vitamin D, vitamin K, and calcium, which are essential for maintaining healthy bone density. The market caters to a variety of distribution channels, including health stores, pharmacies, and internet retailing, ensuring widespread accessibility.
The report covers a comprehensive evaluation of market opportunities, trends, and investment areas. It provides detailed market segmentation, encompassing the diverse types of supplements, distribution channels, and regional markets, equipping stakeholders with crucial insights for informed decision-making.
Global market watchers and industry participants eagerly anticipate the forthcoming developments in the bone and joint health supplements space, as it continues to adapt and evolve in response to consumer health needs and market dynamics. The excitement within the industry is palpable, with stakeholders ready to leverage the opportunities detailed in this meticulous market analysis.
For further details on the bone and joint health supplements market, including in-depth analysis and forecasted trends, interested parties are encouraged to explore the full research publication.
- Market Size: Expected to reach $20.3 billion by 2028
- CAGR: 9.6% from 2023 to 2028
- Key Players: Nature’s Bounty Incorporated, Amway Corporation, Nestlé Health Science, and more
- Segments: Vitamin D, Vitamin K, Calcium, and others
- Market Dynamics: Aging population, product innovations, medical community endorsements
- Report Coverage: Market trends, forecasts, opportunities, and geographic insights
The report offers an up-to-date analysis regarding the current situation of the market and the overall environment, providing insights into key drivers and restraints, as well as the competitive landscape and key players’ strategies.
Companies Profiled
- Nature’s Bounty Incorporated
- The Procter & Gamble Company
- Amway Corporation
- BASF SE
- Archer Daniels Midland Company
- Reckitt Benckiser Group PLC
- Pfizer Incorporated
- Vita Life Sciences Limited
- Glanbia PLC
- Nutramax Laboratories Consumer Care Incorporated
- Koninklijke DSM N.V.
- Xtend-Life Incorporated
- Bergstrom Nutrition Incorporated
- BioScience Nutrition Incorporated
- Herbs Nutriproducts Private Limited
- Arazo Nutrition Incorporated
- Vitawin International Holdings Limited
- Pure Encapsulations LLC
- Abbott Laboratories Incorporated
- NutriScience Innovations LLC
- Optimum Nutrition Inc.
- Rainbow Light Nutritional Systems Inc.
- Schiff Nutrition International Inc.
- Solgar Vitamin and Herb Co. Inc.
- Source Naturals Inc.
- Sports Research Corporation
- Swanson Health Products Inc.
- Twinlab Consolidation Corporation
- USANA Health Sciences Inc.
- Vitacost.com Inc.
For more information about this report visit https://www.researchandmarkets.com/r/u5sznb
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo – https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
