The bone and joint health ingredients market comprises glucosamine, chondroitin, and MSM (methylsulfonylmethane) which are bioactives used across nutritional supplements and functional foods products. Glucosamine is a natural compound synthesized by the body and plays a vital role in the formation of cartilage and connective tissues. Chondroitin supports joint flexibility by attracting fluid into cartilage and preventing wear and tear. MSM improves mobility of joints and helps control inflammation.
The global bone and joint health ingredients market is estimated to be valued at US$ 3853.12 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the bone and joint health ingredients market are ABB Ltd., Electricity Coordinating Center Ltd., Siemens AG, Energy Exemplar, Atos SE, General Electric Company, Unicorn Systems, ETAP/Operation Technology, Inc., Operation Simulation Associates, Inc., Schneider Electric DMS NS, PSI AG, and Artelys SA.
The Bone And Joint Health Ingredients Market Share provides several opportunities for players to expand such as developing innovative delivery formats, targeting millennial population and focusing on emerging countries. The rising health-conscious consumer base in countries like India, China, Brazil and Mexico will drive future market growth.
With increasing global geriatric population prone to bone and joint disorders, the demand for joint-friendly products is rising worldwide. The key players are focusing on geographic expansion plans in Asia Pacific, Latin America, and Middle East & Africa to tap the inbound opportunities.
Market Trends
Growing consumer awareness about proactive health management and clean label products is driving the demand for bone and joint health ingredients. Manufacturers are increasingly offering vegan, halal and kosher certified products to cater to the needs of diverse consumer bases. Another key trend is the development of nanotechnology-based delivery systems that enhance the absorption of ingredients like glucosamine and chondroitin.
Market Opportunities
The untapped markets in Asia and Latin America offer significant growth opportunities for bone and joint health ingredients market players. Favorable regulatory environment supporting the use of natural ingredients in the healthcare industry will further aid market growth. Manufacturers can also leverage opportunities arising from the development of customized joint health supplement formulations targeted towards different orthopedic conditions and lifestyles.
Impact of COVID-19 on Bone and Joint Health Ingredients Market
The COVID-19 pandemic significantly impacted the growth of bone and joint health ingredients market globally. The outbreak led to lockdowns and movement restrictions across countries. This disrupted the supply chain and logistics of key raw materials for industries. It negatively affected the production volumes and manufacturing activities of bone and joint health ingredients. During the initial months of pandemic in 2020, the demand from end use industries like dietary supplements and functional food & beverages experienced a steep decline due to closedown of stores and consumer shift towards essential goods.
However, with growing health consciousness among people, the demand for bone and joint health supplements increased considerably in the later stages of pandemic. The sales of dietary supplements containing ingredients like glucosamine, chondroitin, calcium, and vitamin D rose owing to increased focus on strengthening immunity and joints. The e-commerce platforms also supported the market growth during lockdowns as people preferred online purchasing of health products. The industry players focused on sustained supply through modified production schedules and increased their offerings on e-commerce websites. It is expected that the awareness regarding benefits of bone and joint health ingredients will boost the post-pandemic demand growth. The market is projected to witness positive momentum as economic activities normalize globally.
The North American region accounts for the largest value share in bone and joint health ingredients market globally. United States holds a significant demand for bone and joint health ingredients due to rising prevalence of osteoporosis and arthritis. The presence of major manufacturers and increasing consumption of supplements makes North America a highly profitable market. Asia Pacific represents the fastest growing regional market owing to rising health awareness, rapid urbanization, growing middle class population and changing lifestyle in developing countries like China and India. The demand is driven by expanding food & beverage industry and increasing custom of ingredients addition by local supplement producers.
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