The global Bone And Joint Health Ingredients Market is estimated to be valued at US$ 3344.72 Mn or Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Bone and joint health ingredients helps in maintaining joint health, reduces inflammation and strengthen bones. These ingredients are used in dietary supplements, functional foods & beverages.

Market key trends:
One of the key trends in the bone and joint health ingredients market is increasing consumer awareness about joint health. With growing health concerns and sedentary lifestyles, joint disorders are rising significantly. This has raised awareness among consumers about maintaining joint health through dietary supplements. Various marketing campaigns by supplement brands are educating people about benefits of ingredients like glucosamine and chondroitin in supporting joint health. Rapid adoption of bone and joint health ingredients in dietary supplements is expected to drive the market growth over the forecast period.
Market key trends:
The Bone And Joint Health Ingredients Market is witnessing significant growth due to the rising geriatric population worldwide who are more prone to bone and joint disorders like arthritis. The prevalence of osteoporosis is also increasing rapidly. Moreover, changing lifestyle, lack of physical exercise and growing awareness about bone and joint health are fueling the demand for bone and joint health ingredients significantly. Consumers are increasingly opting for natural, plant-based ingredients for their bone and joint health needs and supplements containing glucosamine, chondroitin and calcium are quite popular.

SWOT Analysis
Strengths: Growing aging population prone to bone disorders, increasing health issues like arthritis acting as growth drivers.
Weaknesses: High prices of natural bone & joint health ingredients, availability issues for some rare ingredients.
Opportunities: Scope for innovation in delivery formats, untapped developing markets.
Threats: Intense competition, regulatory issues, customer preference volatility.

Key Takeaways
The global Bone And Joint Health Ingredients Market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing aging population globally prone to bone disorders. The market size for 2023 is estimated at US$ 3344.72 Mn.

Regionally, North America dominates the global market currently due to growing health awareness and relatively higher expenditures on health supplements. Asia Pacific is expected to witness fastest growth over the coming years led by countries like India, China and Japan due to economic development, changing lifestyles and rising per capita expenditures.

Key players operating in the 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. These players are focusing on innovations in delivery formats and launching products featuring popular natural ingredients like glucosamine and chondroitin to tap the growing market potential.

Read More: https://cmiresearch.blogspot.com/2023/11/growing-demand-for-bone-and-joint.html