The global bone and joint health ingredients market is estimated to be valued at US$2,957.78 million in 2021. It is expected to exhibit a CAGR of 6.34% over the forecast period 2022 to 2030, according to a new report published by Coherent Market Insights.
Market Overview:
The bone and joint health ingredients market is driven by the increasing awareness among consumers about the importance of maintaining bone and joint health. With the rise in sedentary lifestyles and the aging population, the prevalence of bone and joint issues such as osteoporosis and arthritis has increased significantly. This has led to a growing demand for bone and joint health supplements and ingredients.
Bone and joint health ingredients include collagen peptides, calcium, glucosamine, chondroitin, omega-3 fatty acids, and vitamins. These ingredients help in maintaining bone density, promoting joint flexibility, and reducing inflammation. They are widely used in dietary supplements, functional foods, and beverages.
Market Dynamics:
1. Growing Awareness Among Consumers: The increasing focus on preventive healthcare and the rising awareness about the importance of bone and joint health are driving the demand for bone and joint health ingredients. Consumers are actively seeking products that can help them maintain healthy bones and joints, which is fueling the market growth.
For example, a study published in the Journal of Clinical Endocrinology & Metabolism found that dietary collagen supplementation can improve bone health in postmenopausal women with osteopenia. This has led to a surge in the demand for collagen peptides in bone health supplements.
2. Increasing Geriatric Population: The aging population is more prone to bone and joint issues such as osteoporosis and arthritis. According to the World Health Organization (WHO), the global population of people aged 60 years and above is expected to reach 2.1 billion by 2050. This demographic shift is creating a significant market opportunity for bone and joint health ingredients.
SWOT Analysis:
Strengths:
1. Increasing awareness about bone and joint health
2. Growing demand for preventive healthcare products
Weaknesses:
1. High cost of bone and joint health ingredients
2. Limited availability of natural and organic ingredients
Opportunities:
1. Rising demand for plant-based bone and joint health ingredients
2. Expansion in emerging markets with a growing health-conscious population
Threats:
1. Intense competition among market players
2. Stringent regulations and quality standards for bone and joint health ingredients
Key Takeaways:
- The global bone and joint health ingredients market is expected to witness high growth, exhibiting a CAGR of 6.34% over the forecast period. This growth is driven by the increasing awareness among consumers about the importance of bone and joint health and the rising geriatric population.
- In terms of regional analysis, North America is expected to dominate the market due to the high prevalence of bone and joint issues in the region and the presence of key market players. Asia Pacific is expected to be the fastest-growing region, driven by the growing health-conscious population and increasing disposable incomes.
- Key players operating in the global bone and joint health ingredients market are Synutra Inc., Darling Ingredients Inc., Archer Daniels Midland Company, BASF SE, Koninklijke DSM NV, Foodchem International Corporation, Glanbia PLC, Holista, Colltech Ltd, ESM Technologies LLC, Bergstorm Nutrition Inc., and Gelita AG.
In conclusion, the global bone and joint health ingredients market is witnessing significant growth due to the increasing awareness among consumers about bone and joint health and the rising geriatric population. Key market players are focusing on developing innovative products to cater to this growing demand and expanding their presence in emerging markets.
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