Global Bone & Joint Health Ingredients Market - Growth,Trends and Forecast (2018 - 2023)
“By 2020, Osteoarthritis will become the fourth most common cause of disability worldwide due to aging population.” - The World Health Organization (WHO)
The global population particularly in the developed economies are approaching ages nearing or surpassing the life expectancy of human beings and maintaining bone and joint health becomes very crucial, the market for bone & joint health ingredients has exceeded USD 9 billion and is thus exhibiting a promising trend.
The bone & joint health ingredients are a value-added ingredients consumed in order to strengthen and maintain healthy bones and joints. They also impart higher flexibilities that are otherwise lost with the process of aging.
The market for bone & joint health ingredients is expected to attain a CAGR of 3.8% during the forecast period (2018–2023) owing to rising demand from aging population and women suffering from micronutrients deficiency.
The rise in aging population segment is expected to be the major driving force of this market. Aging, as a biological process, leads to weakening of bone and joints, diminished functions and restricted movements. This makes the body more prone to bone fractures, arthritis, back and neck pain, osteoporosis and injuries. The number of senior citizens globally are expected to double in the next 50 years consequently pushing the demand of bone and joint health ingredients in foreseeable future.
The global bone & joint health ingredients market is segmented based on type, application and geography. Based on type of ingredients, the report contains key and widely-used ingredients like calcium, soy isoflavone, collagen, glucosamine and chondroitin.
Calcium is the most widely used bone ingredient, representing a mature market sentiment. Based on the application areas, the market is segmented into dietary supplements and functional food beverages. Soy isoflavones are another class of ingredients, gaining popularity due to its properties to reduce the leaching of calcium thereby indirectly maintaining bone mineral density (BMD) and preventing bone loss.
Bone and joint health ingredients are increasingly being incorporated into functional foods industry, with calcium fortification, glucosamine, and soy supplements gaining popularity.
The bone and joint ingredient market is highly competitive in developed regions of North America and Europe but it represents significant untapped potential in emerging economies of Asia-Pacific and Middle East.
Developed and matured markets like the U.S., Japan and the Western Europe are leading the market due to aging baby boomers, increased health-care expenditure and
heightened consumer awareness. Asian markets are increasingly witnessing the rise of products that are traditionally made from herbal source and thus carry clean labels.
MAJO RPLAYERS: SYNUTRA, INC., ROUSSELOT, ROYAL DSM NV, DUPONT, ARCHER DANIELS MIDLAND COMPANY, BASF SE, BIOIBERICA, ESM TECHNOLOGIES LLC., BERGSTORM NUTRITION INC., CARGILL, NUTRACEUTICAL INGREDIENTS PVT. LTD. (NCI), PEPTAN and BIOSCIENCE NUTRITION, amongst others.
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