The growing demand from the food supplements industry is also likely to be a major driver for the global bone and joint health ingredients market over the forecast period.
The Global Bone and Joint Health Ingredients Market is expected to rise at a CAGR of 6.4% over the forecast period from 2017 to 2023, according to a new research report from Market Research Future (MRFR). The Global Bone and Joint Health Ingredients Market is expected to make steady progress through the forecast period due to the growing awareness about the importance of bone and joint health and the increasing incorporation of bone and joint health ingredients by various types of food manufacturers.
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The growing geriatric population is likely to drive the global bone and joint health ingredients market over the forecast period. Geriatric people are more likely to suffer bone or joint damage than younger individuals, which is why they prefer foods with premixed bone and joint health ingredients. The growing global geriatric population has led to increasing government support to schemes such as adding bone and joint health ingredients to food and beverage products, which is likely to drive the global market at a steady rate over the forecast period.
Bone and joint health ingredients are ingredients added to food and beverage products expressly to improve the consumer’s bone and joint health. These include calcium, fibers, vitamins D and K, and others, which help strengthen bones and joints and protect them from damage. The growing awareness about the importance of bone and joint health is likely to be a major driver for the global bone and joint health ingredients market over the forecast period. Bone and joint health is crucial in maintaining mobility as one ages. This vital benefit of bone and joint health ingredients is likely to drive their demand over the forecast period. Around 10 million Americans are considered to have osteoporosis, while 54.4 million, or around 1 in 4, have arthritis. These worrying figures have driven the adoption of bone and joint health ingredients.
Competitive Analysis:
Leading players in the global bone and joint health ingredients market include-
- BASF SE
- Archer Daniels Midland Company
- DuPont
- Royal DSM NV
- Waitaki Bio
- Rousselot
- Synutra Inc
Intended Audience:
- Pharmaceutical industry
- Bakery industry
- Supplement industry
- Beverage industry
- Dairy industry
- Meat processing industry
- Traders, importers and exporters
Regional Analysis:
The Global Bone And Joint Health Ingredients Market is segmented by region into North America, Europe, Asia Pacific, and rest of the world. North America is likely to dominate the global bone and joint health ingredients market due to the growing prevalence of bone and joint-related diseases such as osteoporosis, arthritis, and scoliosis. The growing government awareness about the utility of bone and joint health ingredients is also likely to be a key driver for the market in North America over the forecast period. Dietary supplements are likely to be the preferred mode of intake in the bone and joint health ingredients market in North America over the forecast period.
In Europe, the bone and joint health ingredients market is primarily driven by the growing geriatric population and growing health consciousness among the consumers. In contrast to North America, European customers prefer fortified food and beverage for the consumption of bone and joint health ingredients.
Segmentation:
The Global Bone and Joint Health Ingredients Market is segmented on the basis of Type, Application, and Region.
On the Basis of Type
- Glucosamine
- Chondroitin
- MSM (methylsulfonylmethane)
- Collagen
- Omega-3
Based on Application
- Pharmaceuticals
- Supplements
- Beverages
- Sweet and savoury snacks
- Oils and fats
- Meat products
- Bakery and confectionery
- Dairy and frozen desserts
Based on Region
- North America
- Europe
- Asia Pacific
- Rest of the world
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