Market Overview
Bone and joint health ingredients market is a rapidly growing market due to the growing awareness about the importance of good health and the increasing prevalence of lifestyle-related diseases such as osteoarthritis. Bone and joint health ingredients are substances which are used to supplement the diet and help maintain healthy bones and joints. These ingredients include vitamins, minerals, amino acids, fatty acids, herbs, and other compounds.
The global bone and joint health ingredients market is driven by the increasing prevalence of lifestyle-related diseases, such as arthritis, and the growing awareness about the importance of healthy bones and joints. The increasing disposable income of individuals, coupled with the growing demand for convenience and improved health, is also driving the market.
The global bone and joint health ingredients market share is segmented on the basis of type, application, and region. By type, the market is segmented into vitamins and minerals, essential fatty acids, amino acids, herbs, and other ingredients. By application, the market is segmented into dietary supplements, functional foods, and pharmaceuticals.
The global bone and joint health ingredients market is expected to grow at a significant rate during the forecast period, due to the increasing demand for dietary supplements and functional foods.
Market – Segmentations
The report segments the market into three key dynamics to widen the scope of understanding,
By Ingredient Type : Collagen, Calcium, Glucosamine, Magnesium, Chondroitin, and Vitamins, among others.
By Application : Food & Beverages, Pharmaceuticals, and Nutraceuticals & Dietary Supplements, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Market – Geographical Analysis
North America would retain its dominance over the global bone and joint health ingredients market trends throughout the forecast period. Growing demand from the middle-aged and geriatric populaces to improve bone and joint health is a crucial factor driving the regional market growth. Consumers in the region spend more on preventive measures rather than the treatment, which impacts the market growth, positively, creating tremendous market demand.
There has been a robust demand for functional and fortified foods that elevates the overall bone health, which, as a result, drives the regional market growth. Also, well-spread awareness among increased consumer and the aging population are propelling the growth of the regional bone and joint health ingredients market.
The Asia Pacific region is another sizable market for bone and joint health ingredients globally. The region would register the highest growth rate throughout the forecast period due to the rising health care expenditure and the augmenting demand for bone and joint health ingredients among the aging population. Also, increasing numbers of media advertisement and campaigns are further fostering the market growth in the region, creating awareness about bone and joint health ingredients. Furthermore, broader applications of the products by industries including food & beverages and pharmaceutical & nutraceutical is boosting the regional market share.
Market – Competitive Analysis
Highly competitive bone and joint health ingredients market appears fragmented due to the presence of many large and small players. Players compete based on portfolio, product differentiation, and pricing. The competitive strength of these players is dependent on, product precision, product pricing, product reliability, and versatility largely. The market is expected to witness intensifying competition owing to the expected improvement in the line of products, services, and innovations.
Major Players:
The global key bone and joint health ingredients market players include Synutra, Inc. (US), Royal DSM NV (Netherlands), Archer Daniels Midland Company (US), BASF SE (Germany), DuPont de Nemours, Inc. (US), Rousselot (Netherlands), Waitaki Bio (New Zealand), Glanbia PLC (Ireland), Koninklijke DSM NV (Netherlands), Holista Colltech Limited (Australia), Bioiberica SA (Spain), Bergstorm Nutrition Inc. (US), Cargill Incorporated (US), Holista Colltech Limited (Australia), and ESM Technologies LLC. (US), among others.
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