Bone and Joint Health Ingredients Market Production, Size, Sales, and other Forecasts 2022-2028|
The bone and joint health ingredients market refers to the market for supplements and other products designed to promote the health of bones and joints. The market includes a variety of ingredients such as vitamins, minerals, herbs, and other natural and synthetic compounds.
Market Overview:
The global bone and joint health ingredients market was valued at USD 2.87 billion in 2020 and is projected to reach USD 4.32 billion by 2027, growing at a CAGR of 5.8% during the forecast period (2021-2027).
Market Drivers:
The market for bone and joint health ingredients is primarily driven by the increasing prevalence of bone and joint disorders such as osteoporosis, arthritis, and osteoarthritis. Additionally, a growing aging population and rising health awareness among consumers are also driving the market growth.
Market Segmentation:
The bone and joint health ingredients market can be segmented based on ingredient type, application, and region.
Based on ingredient type, the market can be segmented into:
- Calcium
- Collagen
- Omega-3 fatty acids
- Vitamins (D, C, and K)
- Glucosamine and chondroitin
- Others (Methylsulfonylmethane (MSM), Hyaluronic acid, etc.)
Based on application, the market can be segmented into:
- Pharmaceuticals
- Supplements and Nutraceuticals
- Others (Functional foods and beverages, Animal feed, etc.)
Regional Analysis:
The bone and joint health ingredients market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
North America is the largest market for bone and joint health ingredients, followed by Europe and Asia Pacific. The Asia Pacific region is expected to show the highest growth rate during the forecast period, owing to the increasing prevalence of bone and joint disorders, rising healthcare expenditure, and growing health awareness among consumers.
Key Players:
The key players operating in the bone and joint health ingredients market include BASF SE, DSM, DuPont de Nemours, Inc., Archer Daniels Midland Company, Rousselot, and Ingredion Incorporated, among others.
Conclusion:
The bone and joint health ingredients market is growing rapidly, driven by the increasing prevalence of bone and joint disorders and rising health awareness among consumers. The market is expected to continue growing during the forecast period, driven by technological advancements, increasing healthcare expenditure, and growing demand for natural and organic products.
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