Bone and Joint Health Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The bone and joint ingredients market is projected to witness a CAGR of 6.3% during the forecast period (2020 - 2027).

COVID-19 has uplifted the market studied in a way that ensures a long-term reliance of consumers on bone and joint health supplements. As hospitals are overwhelmed by COVID-19 patients, elective surgeries were canceled or indefinitely delayed. This, in turn, has led consumers toward immediate alternatives such as medications or supplements to ensure proper health, increasing the demand for associated industries, including bone and joint health ingredients. According to the NOF survey, osteoporosis patients continued appointments with doctors through various modes in COVID-19: 33% used telephone consultations, 21% used video consultations, 26% used face to face appointments, 18% used urgent 'in person' visits, and 3% used other modalities such as instant messaging or attendance for parenteral therapies. As a result, during major lockdowns, the market for bone and joint health ingredients remained mostly unaffected.

Increasing adoption of bone and joint health ingredients by pharmaceuticals and nutraceutical companies to treat various bone diseases is a vital factor escalating the market growth. Rising disposable income has also influenced consumers to adopt healthy lifestyles, which in turn increases the demand for the product. The rise in the aging population, rising diseases related to bone and health due to unhealthy lifestyles, and an increase in incidences of lifestyle diseases due to hectic schedules as well as changing lifestyle patterns are the major factors driving the bone and joint health ingredients market briskly.

The geriatric population is likely to drive the demand of the market. Moreover, athletes and gym-goers have also realized the importance of bone and joint health supplements and have started adopting them in order to prevent bone deterioration in the later parts of their lives. The market has recently witnessed the emergence of sports nutrition products promoting bone health ingredients.

Key Market Trends

Robust Demand Bone and Joint Health Supplements from Geriatric Population

The bone and joint health ingredients market primarily depends on the aging population that is highly susceptible to bone injuries and fractures. The aging or geriatric population is one of the largest target segments for bone and joint health ingredient manufacturers worldwide. The geriatric population, who are conscious of the use of ingredients used in the food, are seeking plant-based herbal ingredients, such as turmeric, Boswellia, and tart cherry, in contrast to animal-derived ingredients, such as glucosamine and chondroitin. According to the study published by the WHO, approximately 22 million individuals in Europe and 14 million in the United States suffered from osteoporosis in 2020. Thus, the demand for bone and joint health ingredients is expected to increase in the future. In 2020, GELITA acquired a majority stake in a Turkish gelatine manufacturer. The Joint Venture is part of GELITA's expansion plan to fulfill growing gelatine demand. This is a crucial prerequisite for expanding market share in this growing area, not just in Islamic states but also in vast sections of Asia.

North America Emerges as the Largest Consumer

Attributing to increased awareness regarding health issues, the North American region held the maximum share in consuming bone and joint health ingredients. Consumers in the region are more focused on spending on preventive measures than treating. The mature markets of the United States and Canada are switching to more wholesome aspects of bone and joint health ingredients. There have been robust demands for functional and fortified foods that contribute to overall bone health. The bone health consciousness has also penetrated the other countries of North America, leading to higher availability of such supplements and products in retail stores and on online platforms. For instance, the United States Centers for Disease Control and Prevention (CDC) revealed that nearly 14.6 million people were diagnosed with severe joint pain, which is linked to arthritis.

Competitive Landscape

The most active companies in the global market are Koninklijke DSM NV, Holista Colltech Ltd, Archer Daniels Midland, and BASF SE. Many manufacturers are adopting strategies, including acquisition, mergers, making heavy investments in R&D, and launching research centers to introduce biotechnologically developed ingredients. One of those dominant players, DSM, built a global network of innovation centers with facilities dedicated to delivering critical research, market-ready, and sustainable product solutions. Leading players are acquiring various other ingredient firms so as to increase regional presence. This may enable them to serve various industries, such as dietary supplement, food, pharmaceutical, and beverage industries, and also extend their product portfolios. For instance, Glanbia acquired Watson, the US-based manufacturer and supplier of nutrition ingredient solutions, in order to extend the former’s product portfolio to gain dominance in the market studied.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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