The global Bone & Joint Health Supplements Market is estimated to be valued at $11.7B in 2022, according to a report by MarketsandMarkets™. It is projected to reach $17.6B by 2027, recording a CAGR of 8.5% during the forecast period. The global bone & joint health supplements market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. Growing demand for nutritional supplements like vitamin D, omega-3 fatty acids, calcium and collagen and several innovations in this sector fueling the demand for bone & joint health supplements market.
Calcium is the second largest market in by type segment of bone & joint health supplements and it is expected to grow at 8.4% during forecast period. People who are lactose intolerant are majorly affected by the calcium deficiency because the major source of calcium is dairy products. According to the National Institute of Diabetes and Digestive & Kidney Diseases, experts estimate that about 68 percent of the world's population has lactose malabsorption. Lactose malabsorption is more common in some parts of the world than in others. In Africa and Asia, most people have lactose malabsorption. In some regions, such as northern Europe, many people carry a gene that allows them to digest lactose after infancy, and lactose malabsorption is less common. In the United States, about 36 percent of people have lactose malabsorption. Doctors prescribed calcium supplements along with vitamin D to fulfill the daily need of calcium.
The Capsules segment is projected to grow at 8.4% during the forecast period. Most bone & joint health supplement consumers have the perception that nutrients from capsules are absorbed better than from tablets. Capsules are usually made from animal source gelatin or, if vegetarian, from starch hydrolysate or hydroxypropyl methylcellulose, a plant fiber derivative. Hard capsule manufacture does not require expensive equipment, and the procedure can be done in small batches, making it a cost-effective option for personal requirements, small businesses, and large manufacturing companies. Capsules are preferred by consumers because they are easy to swallow. Capsules, particularly liquid-filled capsules, are also considered to work more quickly and effectively. Capsules are a good formulation for nutraceutical companies since they require fewer excipients and manufacturing steps, allow for faster development, and provide more formulation flexibility. In a crowded nutraceutical product market, capsule formulations also provide brand awareness.
Browse in-depth TOC on "Bone & Joint Health Supplements Market"