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Bone Health Supplements Market Analysis - By Type (Vitamin D, Vitamin K, Calcium, Collagen, Glucosamine-Chondroitin, Omega-3 Fatty Acids And Others), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacies, Health Stores, Convenience Stores, Internet Retailing And Others), By Global and Region Industry Size, Share, Trends, Growth, Forecast 2023–2028

Published: March, 2023
ID: 9007
Pages: 160
Formats: report pdf report excel report power bi report ppt

Bone Health Supplements Market Size, Share, Growth (2023-2028)

Bone Health Supplements Market was worth US$ 12.31 billion in 2023 and is anticipated to reach a valuation of US$ 18.67 billion by 2028 and is predicted to register a CAGR of 8.70% during 2023-2028.

Bone Health Supplements Market Scenario:

Due to the increasing number of bone diseases among the growing population, the worldwide bone health supplements market is expected to develop over the forecast years (2022-2027). In the approaching years, the market is expected to rise due to an increase in demand for bone health supplements from various food industries. Prebiotic fibre, vitamins such as vitamin D and vitamin K, calcium, and soy isoflavones are all found in bone health supplements, which aid to relieve pain and strengthen bone health. These bone health supplements aid in the strengthening of the body's bones.Bone health supplements come in a variety of forms. One of the most popular bone components is calcium, and soy isoflame is another healthy element that helps to maintain bone mineral density and prevent bone loss.

Bone Health Supplements Market Growth:

Increased use of bone health supplements is expected to drive market growth during the forecast period, owing to an ageing population and bone thinning. These factors are anticipated to contribute to the Bone Health Supplements Market growth.

Bone Health Supplements Market Drivers:

Increased use of bone health supplements is expected to drive market growth during the forecast period, owing to an ageing population and bone thinning. Increased demand for bone health supplements from the geriatric and old population is likely to drive demand even more. The rise in the number of bone fractures as a result of accidents and other factors is a primary driver of market expansion. One of the reasons driving market demand is an increase in disposable income in metropolitan regions. The industry will see more growth prospects as people become more concerned about their health and use dietary supplements on a daily basis. Changes in lifestyle and eating habits are also having a big impact on the market growth. These factors are anticipated to propel the Bone Health Supplements Market growth.

Bone Health Supplements Market Restraints:

The market's demand is being hampered by a lower supplement production rate. Rapid shifts in economic strategy may have an adverse effect on the market growth of bone health supplements. These are some of the factors which are holding back the Bone Health Supplements Market growth.

Recent Developments in the Bone Health Supplements Market:

  • In the year 2022. Amway India signed a Memorandum of Understanding (MOU) with IIT-Bombay to do research in the areas of health supplements, nutraceuticals, botanicals, and herbal supplements.

  • YourZooki introduced the first liposomal collagen supplement in the UK in 2021. Each serving of Citrus Lime-flavored Collagen Zooki includes 5000mg of Marine Collagen.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2022–2028

Base Year

2022

Forecast Period

2023–2028

Segments Analysed

By Type, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies Analysed

Amway, Reckitt Benckiser Group, Procter & gamble and Nature’s Bounty.

 

Bone Health Supplements Market Segmentation: 

By Type:

  • Vitamin D

  • Vitamin K

  • Collagen

  • Calcium

  • Glucosamine- Chondroitin

  • Omega- 3 Fatty Acids

  • Others

The Bone Health Supplements Market has been divided by type into, Vitamin D, Vitamin K, Collagen, Calcium, Glucosamine- Chondroitin, Omega- 3 Fatty Acids and Others. The type segment of the Bone Health Supplements market is dominated by the vitamin D category with the highest market share. Vitamin D aids in the absorption of calcium and phosphorus in the intestine and helps to maintain proper calcium and phosphorus levels in the blood, all of which are important for healthy bone mineralization.

Vitamin D deficiency in youngsters can induce rickets, which causes the bones to weaken, resulting in a bowlegged appearance. Osteomalacia causes muscle weakness and low bone density.

Osteoporosis can develop as a result of long-term vitamin D insufficiency. All of these reasons are improving the market growth and establishing the dominance of vitamin D in the bone health supplements market.

By Distribution Channel:

  • Supermarkets/Hypermarkets

  • Pharmacies

  • Health Stores

  • Convenience Stores

  • Internet Retailing

  • Others

The Bone Health Supplements Market has been divided by distribution channels into, Supermarkets/Hypermarkets, Pharmacies, Health Stores, Convenience Stores, Internet Retailing and Others. The distribution channel segment of the Bone Health Supplements market is dominated by the Supermarkets/Hypermarkets category with the largest market share. The increasing support which is provided by the governments of different nations to the supermarkets and hypermarket chains across the world to promote to the economy is supporting and boosting the market growth of bone health supplements. It is because of these reasons we the supermarket and hypermarket category of distribution channels leading in sales and establishing their dominance.

Bone Health Supplements Market Regional Analysis: 

The Bone Health Supplements Market Report includes the segmentation of Regions:

  • North America
  1. The U.S.

  2. Canada

With an ageing population, enhanced technology, an advanced pharmacy distribution channel, better medical facilities, and an increase in the number of insured persons, healthcare spending in North America is increasing every day. These reasons are propelling the market growth in the country's bone health supplement market. Furthermore, with an ageing population, an increase in arthritis cases, and other bone problems, calcium is one of the most popular supplements among women in North America. Due to demanding schedules and changing lifestyle patterns, there has been a continuous increase in the prevalence of lifestyle diseases in recent years. As a result, folks are embracing proactive steps in their lifestyle to mitigate the effects of lifestyle disorders. North America is the market leader in bone health supplements due to the high demand for dietary supplements in general, including bone health supplements.

Aside from that, a high intake of processed, low-nutrient foods demands the usage of a supplement to avoid bone issues in old age. The market for bone health supplements in the region is expected to develop as a result of this.

  • Europe
  1. The U.K.

  2. France

  3. Germany

  4. Netherlands

  5. Russia

  6. Italy

With an ageing population, updated technology, sophisticated pharmacy distribution channels, better medical facilities, and an increase in the number of insured persons, healthcare expenditures in the European region are increasing every day. The market for bone health supplements in the country is being driven by these factors. Germany is expected to expand at a 3.7 percent compound annual growth rate (CAGR) within Europe.

  • Asia Pacific
  1. India

  2. China

  3. Japan

Due to an increasing health-conscious population and their inclination toward functional food and beverages, Asia Pacific is expected to be the fastest growing region in the global bone health supplements market during the forecast years. Countries such as India, Thailand, and others are expected to see an increase in bone issues among the elderly population, as well as increased awareness about bone health supplements, resulting in an increase in demand for bone health supplements.

Bone Health Supplements Market Key Players:

  1. Amway, Inc.

  2. Archer Daniel Midland Company

  3. BASF SE

  4. Bergstrom Nutrition Inc.

  5. BioScience Nutrition

  6. Cargill Inc.

  7. ESM Technologies LLC

  8. Ethical Naturals Inc.

  9. Innophos Nutrition

 

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FAQ's

What can be the total Bone Health Supplements Market value?

The Bone Health Supplements Market was worth US$ 10.15 billion in 2021 and is anticipated to reach the valuation of US$ 14.72 billion by 2027.

Mention the growth rate of the Bone Health Supplements Market

Bone Health Supplements Market is predicted to register a CAGR of 6.9% during 2022-2027.

Name any three Bone Health Supplements Market key players?

Amway, P&G and BASF SE are a few key Bone Health Supplements Market player

What is the study period of this report?

The study period of this report is from 2022-2027.

Which region registered the highest Bone Health Supplements Market Share ?

The region that registered the highest Bone Health Supplements Market Share is the North American region

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