DUBLIN, October 22, 2021--(BUSINESS WIRE)--The "Bone and Joint Health Supplements - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Bone and Joint Health Supplements estimated at US$9.9 Billion in the year 2020, is projected to reach a revised size of US$14.7 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027.
Joint Supplements, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$9.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bone Supplements segment is readjusted to a revised 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 9% CAGR
The Bone and Joint Health Supplements market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Select Competitors (Total 69 Featured):
Amway, Inc. - Nutrilite
Archer Daniel Midland Company
Bergstrom Nutrition Inc.
ESM Technologies LLC
Ethical Naturals Inc.
Kappa Bioscience AS
Nature`s Bounty Inc.
Nutramax Laboratories Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Aging Population - A Key Growth Driver
Global Population Witnessing Epidemic Proportion of Obesity
Recent Market Activity
Increasing Disposable Income Propels Sales of Bone and Joint Health Supplements
Increasing Healthcare Spending: Opportunities in Store
Longer Life Expectancy Bolsters Market Growth
Women: A Key Target Population
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Global Nutritional Supplement Use Increasing
Online Purchases Gain Pace
Increasing Awareness about Various Bone and Joint Related Diseases
Increasing Surgeries to Treat Bone and Joint Diseases Resulting in Increased Supplement Use
Glucosamine Producers Turn toward VegeTable Sources
Increasing Use of Glucosamine for Fortification
Natural Supplements: An Alternative for Osteoporosis and Osteoarthritis
Manufacturers Adopting Different Approaches
Research Becomes More Focused to Meet Changing Consumer Demands
Functional Foods & Beverages Gain Traction
Nutraceutical Ingredients: Sourcing and Quality Still Remain Important Concerns
Sports Performance Category Offering Huge Growth Potential
Despite Enormous Growth Potential, Potential Tailwinds Expected to Hit Bone and Joint Supplements Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
For more information about this report visit https://www.researchandmarkets.com/r/wlwjn3
View source version on businesswire.com: https://www.businesswire.com/news/home/20211022005238/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900