The global bone & joint health supplements market is estimated to be valued at USD 11.7 billion in 2022. It is projected to reach USD 17.6 billion by 2027, recording a CAGR of 8.5% during the forecast period.
North America is projected to witness the growth of 7.9% during the forecast period.
The bone & joint health supplements market in North America is growing at a CAGR of 7.9% due to the rising awareness related to health trends, the popularity of bone & joint health supplements is witnessing a surge in the region. Insufficient exercise, low vitamin D levels, and inadequate calcium are becoming more widely recognized in modern life. Vitamin D deficiency affects around 70% of children in the United States. Adults have been shown to have a similar level of vitamin D deficiency. The elderly people segment dominated the bone & joint health supplements market by target consumers. It is estimated at USD 5,410.2 million in 2022.
It is projected that the elderly people segment by target consumers will witness the highest growth during the forecast period, owing to the increasing aging populations associated with it. Aging gracefully, adopting a healthy lifestyle, staying active are some of the key goals of the majority of the aging population. As one ages, it becomes a challenge to get the right amount of vitamins and minerals for the body. Fortunately, consumption of bone and joint health supplement fills the gap for such deficiencies. Other distributions channels is fastest growing segment. It is projected to grow at 9.2% during forecast period.
Others distribution channels includes speciality food stores, convenience stores, direct-to-consumer, fitness institutes, and E-commerce. Many companies and retailers offer online services to facilitate consumers in terms of placing an order as well as delivering the same. Several one-stop shops are present on the web in easing the purchasing process of the consumers. These online retails also offer a variety of options for a particular bone and joint health supplement product at discounted rates than traditional retail prices to attract more customers. Since the last decade, the increased frequency of online shopping had created opportunities to enhance the product sales of leading online players as well as for regional domestic e-retailers, such as Wheafree in India and Healthy Supplies Ltd. in the UK.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview 5.1 Introduction 5.2 Macroeconomic Indicators 5.3 Market Dynamics 5.3.1 Drivers 5.3.1.1 Increase in the Prevalence of Vitamin D Deficiencies Across the Globe is Expected to Boost Demand 5.3.1.2 Shift in Consumer Preferences Due to the Rising Health Awareness 5.3.1.3 Aging Population to Drive the Market Growth 5.3.1.4 Growing Retail Sale of Nutritional & Fortified Products 5.3.2 Restraints 5.3.2.1 High R&D Investments and High Cost of Clinical Trials 5.3.3 Opportunities 5.3.3.1 Rise in the Number of Osteoporosis Patients is Anticipated to Propel the Market Demand 5.3.3.2 Food Fortification to Satisfy Consumer Awareness About Micronutrient Deficiencies 5.3.4 Challenges 5.3.4.1 Consumer Skepticism Associated with Nutraceutical Products 5.3.4.2 Regulatory Influence
6 Industry Trends 6.1 Overview 6.2 Regulatory Framework 6.3 Regulatory Bodies, Government Agencies, and Other Organizations 6.4 Trade Analysis 6.5 Patent Analysis 6.6 Value Chain Analysis 6.7 Trends/Disruptions Impacting the Customer's Business 6.8 Ecosystem/Market Map 6.8.1 Market Map 6.9 Technology Analysis 6.9.1 Food Microencapsulation 6.9.2 Biotechnology 6.9.3 Innovative and Disruptive Tech 6.9.3.1 Robotics as a Key Technological Trend Leading to Innovations in the Market 6.9.3.2 3D Printing to Uplift the Future of the Dietary Supplements Market with High End Products 6.9.3.3 Hologram Sciences: Consumer-Facing Digital Platforms for Personalized Nutrition and Advice 6.10 Porter's Five Forces Analysis 6.11 Key Conferences & Events in 2022-2023 6.12 Key Stakeholders & Buying Criteria 6.12.1 Key Stakeholders in Buying Process 6.12.2 Buying Criteria 6.13 Case Study Analysis 6.14 Average Selling Prices
7 Bone & Joint Health Supplements Market, by Type
8 Bone & Joint Health Supplements Market, by Form
9 Bone & Joint Health Supplements Market, by Target Consumer
10 Bone & Joint Health Supplements Market, by Distribution Channel
11 Bone & Joint Health Supplements Market, by Region
