The bone and joint health ingredients market is anticipated to grow at a significant CAGR of 6.5% during the forecast period (2022-2028). The bone and joint health ingredients are used to strengthen the joint and bone health as they are the source of probiotic fibre, vitamins & minerals, calcium and soy isoflavones. These health ingredients also provide relief from joint and bone pain, thereby, increasing the flexibility in joints. The athletics and gym-goers have also realized the importance of bone and joint health supplements and have started adopting them, in order to prevent bone deterioration in the later stages.
The global bone and joint health ingredients market is segmented based on type and application. Based on type, the market is sub-segmented into vitamin d, vitamin k, calcium, collagen, magnesium, glucosamine, omega-3, and others. Based on application, the market is sub-segmented into dietary supplements, functional food and beverage, and others. The market for bone and joint health ingredients is largely driven by the ageing population, which is more prone to bone injuries and fractures. In contrast to animal-derived components such as glucosamine and chondroitin, the elderly population is preferring plant-based medicinal compounds such as turmeric, Boswellia, and tart cherry, as compared to animal-derived ingredients such as glucosamine and chondroitin.
The market players are contributing significantly to the market’s growth by adopting various strategies, including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in May 2019, BASF SA announced the launch of sports nutrition ingredient PeptAlde in order to help consumers of China to maintain an active lifestyle. The PeptAlde helped in the recovery of the muscles by modulating the inflammation which occurred post-workout.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Glanbia PLC, BASF SA, Koninklijke DSM NV, Archer Daniels Midland Co., and Cargill Inc.,among others.
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Global Bone and Joint Health Ingredients Market Report by Segment
By Type
- Vitamin D
- Vitamin K
- Calcium
- Collagen
- Magnesium
- Glucosamine
- Omega-3
- Others
By Application
- Dietary Supplements
- Functional Food & Beverages
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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