Press Release

Global Bone and Joint Health Ingredients Market to Grow at a CAGR of 6.20% During 2022-2027, Aided by the Growing Focus on Bone and Joint Health

Global Bone and Joint Health Ingredients Market

According to a new report by EMR titled, ‘Global Bone and Joint Health Ingredients Market Report and Forecast 2022-2027’, the market attained a value of about USD 3.26 billion in 2021. The market is further expected to grow at a CAGR of 6.20% in the forecast period of 2022-2027.

With the growing focus on joint and bone health among all age groups, the demand for bone and joint health ingredients is increasing. The increasing prevalence of symptomatic joint health and osteoarthritis are also invigorating the market for bone and joint health ingredients. Leading companies are increasingly incorporating innovative bone and joint health ingredients such as chondroitin sulphate and glucosamine, which is propelling the market growth. Moreover, the surging use of bone and joint health ingredients in functional food products to cater to the demands of the rising health-conscious population is invigorating the market. With the surging research and development (R&D) activities to determine the efficacy of collagen supplements as a bone and joint health ingredient, the market is poised to witness healthy growth in the forecast period.

The leading companies in the market for bone and joint health ingredients, such as Glanbia Plc (OTCMKTS: GLAPY) and Rousselot BV, are increasingly launching scientifically-backed products, which is expected to aid the market growth. The latter showcased its latest joint health ingredient, Colartix, in May 2022. It is a collagen matrix that is made from natural cartilage and naturally-occurring glycosaminoglycans (GAGs) and collagen peptides. The efficacy of the product was depicted in a “real-life” study and it was found that it decreased joint discomfort across all demographics. The product is versatile and easy to use in different applications and is easy to mix with other ingredients. It does not contain additive or E numbers, and it has the potential to be included in innovative joint supplements such as bars, tablets/capsules, gummies, and shots, among others.

Market Analysis by Form, Type, Application, End-Use, and Region:

  • The market, on the basis of form, can be divided into soft gels/pills, powder, and liquid.
  • Based on type, the market can be divided into vitamins, calcium, collagen, glucosamine, omega-3, and magnesium, among others.
  • By applications, the market is segmented into dietary supplements and functional foods and beverages, among others.
  • The major end-uses of bone and joint health ingredients include men, women, and senior citizen, among others.
  • The regional markets for bone and joint health ingredients include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing consumption of bone and joint health supplements by the rising geriatric population is driving the market growth.
  • The market is being fuelled by the growing consumption of bone and joint health supplements by athletes.
  • With the increasing adoption of healthy ingredients to treat deficiency-related diseases owing to the prevalence of sedentary lifestyles, the market for bone and joint health ingredients is witnessing rapid growth.
  • The market growth can be attributed to the increasing research and development (R&D) activities to enhance the cost-effectiveness of bone and joint health ingredients and the surging healthcare spending.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for bone and joint health ingredients for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the forms, types, applications, end-uses, and major regions of bone and joint health ingredients.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global bone and joint health ingredients market are Rousselot BV, Waitaki Biosciences, a division of PharmaZen Ltd., Bioiberica S.A.U., Innophos Holdings, Inc., and Glanbia Plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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