Bone and Joint Health Ingredients are extensively utilized in various dietary supplements and functional food and beverages owing to their ossein, collagen, glucosamine, chondroitin and calcium content that helps support bone and joint structure and functions. These ingredients provides relief from joint pain, inflammation and prevents osteoporosis. Rising health awareness among individuals for maintain bone and joint health through consumption of healthy beverages and foods is propelling the demand for Bone and Joint Health Ingredients.
The global Bone and Joint Health Ingredients Market is estimated to be valued at US$ 8 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing consumption of sports drinks and energy drinks globally is majorly fueling the growth of Bone and Joint Health Ingredients market. Sports drinks helps replenish electrolytes loss during exercise and contains essential nutrients which boost bone and joint strength. Likewise, ingredients such as glucosamine, calcium and collagen are added to various energy drinks as they reduces fatigue and muscle soreness. With rising participation of consumers in sports and fitness activities, the demand for sports as well as energy drinks fortified with Bone and Joint Health Ingredients is experiencing strong growth rate. This growing demand from beverage industry for functional and wellness ingredients is accentuating the Bone and Joint Health Ingredients market growth over the forecast period.
Segment Analysis
The global bone and joint health ingredients market is dominated by the glucosamine and chondroitin supplements segment due to the increasing consumer awareness about joint health maintenance. Glucosamine and chondroitin help support healthy joint structure and function. They are among the most commonly used supplements for joint health.
Key Takeaways
The Global Bone And Joint Health Ingredients Market Size is expected to witness high growth.
The North America region dominates the market currently due to rising elderly population and higher consumer spending on health and wellness products. In the Asia Pacific region, countries like China and India are expected to offer lucrative opportunities owing to growing health consciousness among consumers and rising disposable incomes.
Key players operating in the bone and joint health ingredients market are Koninklijke DSM N.V., Archer Daniels Midland Company, BASF SE,BIOIBERICA S.A.U., Stratum Nutrition, Royal DSM N.V., Bergstrom Nutrition, XenaCare.
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https://www.newsstatix.com/bone-and-joint-health-ingredients-market-size-share-growth-outlook-2023/
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