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Aging Population and Increasing Incidence of Osteoporosis Drives the Global Bone and Joint Health Supplements Market


Published: August 2017

REPORT STATISTICS


  • Code: MCP-6714
  • Pages: 205
  • Tables: 65
  • Companies: 69


BONE AND JOINT HEALTH SUPPLEMENTS: A RESEARCH BRIEF

The global market for Bone and Joint Health Supplements is projected to reach US$14.3 billion by 2024, driven by aging population and the global focus shed on musculoskeletal health. Bone health is becoming a vital health priority against the backdrop of aging global societies and the parallel increase in the burden of osteoporosis and arthritis. Few of the major factors driving growth in the market include growing patient awareness supported by the launch of international awareness campaigns; rising confidence in the efficacy of supplements such as glucosamine, chondroitin, calcium, and vitamin D; and growing importance of early intervention and prevention. A key trend in the market is the growing emphasis on long-term bone and joint health beginning from childhood for ensuring better musculoskeletal performance during aging. The scenario is helping expand the addressable market opportunity by bringing in younger consumers as lucrative targets in addition to the traditional aging population. The United States represents the largest market worldwide with over 40 million people suffering from low bone mass. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.6% over the analysis period, led by factors such as growing population and healthcare burden; rising rates of obesity; and growing spends among the expanding base of middle class population on health and wellbeing products and solutions.  

    Summary of Findings

  • Globalization of Unhealthy Lifestyle Behaviors such as Lack of Exercise and Consumption of a Fat and Sugar-Rich Diets Expands the Base of At-Risk Population
  • Obesity as the Implicated Cause of a Host of Diseases to Drive the Incidence of Bone and Joint Disorders
  • Post-Menopausal Women Prone to High Risk Due to Estrogen Loss Represent the Largest Consumer Market for Bone and Joint Health Supplements
  • Enzyme Supplements Grow in Popularity for their Ability to Help the Body Absorb Calcium and Magnesium from Food
  • Glucosamine, Chondroitin Sulfate and Methylsufonylmethane Supplements Witness Strong Demand for their Ability to Help Rebuild and Repair Joint Cartilage

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, and Rest of World

    Market Segmentation & Classification

  • Product Segments:
    • Glucosamine-Chondroitin Supplements, Calcium Supplements, and Other Supplements

MAJOR PLAYERS

  • Archer Daniel Midland Company
  • BASF SE
  • Bergstrom Nutrition, Inc.
  • BioScience Nutrition
  • Cargill, Inc.
  • ESM Technologies LLC

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable