Bone and Joint Health Ingredients Market

Glucosamine is fastest growing segment fueling the growth of Bone and Joint Health Ingredients Market

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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 help reduce joint pain, improve flexibility and mobility. They provide relief from stiffness, strengthening bones and supporting joint cartilage repair. Glucosamine, chondroitin, collagen, omega-3 fatty acids are common bone and joint health ingredients used.

Market key trends:
Growing geriatric population suffering from osteoporosis and arthritis is driving the global bone and joint health ingredients market. According to World Health Organization, 1.5 billion people suffer from musculoskeletal conditions globally, being most common joint problem among elderly. Significant healthcare costs associated with bone and joint disorders treatment is prompting individuals to use dietary supplements for preventive healthcare. Rise in health consciousness and focus on preventive healthcare also supplements the market growth.
Segment Analysis
The global bone and joint health ingredients market is dominated by the glucosamine and chondroitin sub-segment. Glucosamine and chondroitin are major supplements recommended for joint health by orthopedic doctors and are clinically proven to reduce pain and promote mobility. Consumption of glucosamine and chondroitin supplements has seen increased uptake among athletes and aging populations seeking joint relief without side effects of NSAIDs.

Key Takeaways
The Bone And Joint Health Ingredients Market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing prevalence of orthopedic disorders like arthritis and osteoporosis.

Regional analysis
North America is currently the dominant market for bone and joint health ingredients, owing to rising health consciousness and disposable income in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period due to growing elderly population in countries like China and India.

Key players
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 new product launches and partnerships to gain a competitive advantage in the market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it