Global Bone and Joint Health Ingredients Market Is Estimated To Witness High Growth Owing To Rising Awareness about Health Benefits
![]() |
Bone and Joint Health Ingredients Market |
The global bone and joint health ingredients market is estimated to be valued at US$ 2,957.78 million in 2021 and is expected to exhibit a CAGR of 6.34% 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 are essential for maintaining healthy bones
and joints. These ingredients provide various benefits such as improving bone density,
reducing joint inflammation, and promoting joint mobility. With the increasing
prevalence of bone and joint disorders, there is a growing demand for products
that can help improve bone and joint health.
Market Key Trends:
One key trend in the bone
and joint health ingredients market is the rising awareness among
consumers about the health benefits of these ingredients. As people become more
conscious about their overall health and well-being, they are actively seeking
products that can help them maintain strong bones and healthy joints. This
trend is driving the growth of the market as manufacturers are developing
innovative products enriched with bone and joint health ingredients to cater to
this demand.
For example, Synutra Inc., a leading player in the bone and joint health
ingredients market, offers a range of products that contain essential nutrients
like calcium, vitamin D, and collagen peptides, which are known to support bone
and joint health. Their products are targeted towards individuals who want to
protect their bones and joints from age-related issues.
PEST Analysis:
- Political: Government regulations regarding the use of certain ingredients
can impact the bone and joint health ingredients market. For example,
restrictions on the use of certain additives or preservatives can affect
product formulations.
- Economic: The economic factors such as GDP growth, disposable income, and
healthcare expenditure influence consumer spending on bone and joint health
products.
- Social: The aging population and the increasing awareness about the
importance of bone and joint health are driving the demand for bone and joint
health ingredients.
- Technological: Advancements in technology have led to the development of
innovative ingredients and formulations that can effectively improve bone and
joint health.
Key Takeaways:
- The global bone and joint health ingredients market is expected to witness
high growth, exhibiting a CAGR of 6.34% over the forecast period, due to
increasing awareness about the health benefits associated with these
ingredients.
- North America is anticipated to be the fastest growing and dominating region
in the bone and joint health ingredients market, owing to the rising prevalence
of bone and joint disorders and a growing aging population.
- Key players operating in the global bone and joint health ingredients market
include 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 companies are focusing on product innovation and expanding
their distribution networks to gain a competitive edge in the market.
Comments
Post a Comment