NOIDA, India, November 22, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights, the Bone and Joint Health Supplements Market was rated at $10 billion in 2020 and is expected to grow at a CAGR of around 8% from 2022 to 2028. The analysis was segmented into forms (soft gels/tablets, powder, liquid, others); Type of ingredients (vitamins and minerals, amino acids, botanical supplements, other); Distribution channel (pharmacies, pharmacies, specialty stores, online, others); End user (men, women, children); Region/Country.

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The Bone and Joint Health Supplements Market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report uses several analyzes to get a clearer view of the Bone and Joint Health Supplements market. The Bone and Joint Health Supplements Market report offers a detailed analysis of the latest industry developments and market trending factors influencing market growth. Additionally, this statistical market research repository examines and estimates the Bone and Joint Health Supplements market on a global as well as regional level.

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Market overview

The demand for the bone and joint health supplements market is increasing due to the growing prevalence of bone-related issues like osteoporosis, rheumatoid arthritis, etc. in the whole world. For example, in 2022, according to veryrichness.com, more than 22% of American adults (more than 52.5 million people) have arthritis or another rheumatic condition diagnosed by a doctor. 7.3% of people aged 18 to 44 have arthritis diagnosed by a doctor; 30.3% of people aged 45 to 64; and 49.7% over the age of 65, and by 2030 the number of people with arthritis (adults aged 18+) is expected to reach 67 million. Due to these glaring statistics, the demand for bone and joint health supplements is expected to increase in the coming years as they are safe and help build strong bones. Additionally, several innovations in the nutritional supplement industry are fueling the demand for the bone and joint health supplement market. Additionally, changing lifestyles are also increasing joint discomfort in the younger generation is expected to drive the bone and joint health supplements market in the coming years..

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Some of the key players operating in the market include Bayer AG, Procter & Gamble Co, Amway India Enterprises Pvt. Ltd., BASF SE, Archer-Daniels-Midland Co, Pfizer Inc, Reckitt Benckiser Group Plc, Vita Life Sciences Limited, Arazo Nutrition, Glanbia plc, among others.

Impact of COVID-19

The recent covid-19 pandemic has turned the world upside down and caused a state of shock in the global economy. COVID-19 has caused major supply chain disruptions around the world, especially in 2020. The COVID-19 outbreak has shifted the trend towards e-commerce. The growing number of people opting for online platforms is having a significant impact on the growth of the industry. People are increasingly concerned about their health and fitness, which is helping the bone supplement market to propel itself forward in the pandemic situation.

The global Bone and Joint Health Supplements market report is extensively studied with several aspects which would help the stakeholders to make their decisions more carefully.

• Based on the distribution channel, the market is fragmented into pharmacies, pharmacies, specialty stores, online and others. The pharmaceutical pharmacies segment has grabbed a huge market share and is expected to grow at a significant CAGR during the forecast period owing to the increasing number of pharmacies selling bone and joint health supplements with a wide variety of product types of different brands. .

• Based on end users, the market is fragmented into men, women, and children. The women’s segment has grabbed a huge market share and is expected to grow at a significant CAGR during the forecast period. Women’s bones are smaller and thinner than men’s. When menopause sets in, estrogen, a female hormone that protects bones, begins to drop rapidly, leading to bone loss due to which bone supplements are needed for women and may stimulate segment growth.

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Geographical segmentation of the Bone and Joint Health Supplements Market includes:

• North America (United States, Canadaand Rest of North America)

• Europe (Germany, UK, Spain, Italy, Franceand the rest of Europe)

• Asia Pacific (China, Japan, India, Australiaand the rest of Asia Pacific)

• Rest of the world

For better understanding of Bone and Joint Health Supplements market dynamics, detailed analysis has been conducted for different regions of the world including North America (WE, Canadaand the rest of North America), Europe (Germany, France, Spain, UK, Italyand Rest of Europe), Asia Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of the World was conducted. Geographically, North America constitutes a major market for the bone and joint health supplements industry due to the high demand from the elderly population due to joint discomfort and the increase in the health and fitness conscious population penchant for functional foods and beverages.

Key players targeting the market include

• Bayer AG

• Procter & Gamble Co.

• Amway India Enterprises Pvt. ltd.

• BASF SE

• Archer-Daniels-Midland Co

• Pfizer Inc.

• Reckitt Benckiser Plc Group

• Vita Life Sciences Limited

• Arazo Nutrition

• Glanbia plc

Competitive landscape

The degree of competition between major global companies has been worked out by analyzing several key players operating across the globe. The specialized team of research analysts sheds light on various traits such as global market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by leading companies in the Bone and Joint Health Supplements Market. Major players have been analyzed using research methodologies to get an overview of the global competition.

Key questions answered through this analytical market research report include:

• What are the latest trends, patterns, and technological advancements in the Bone & Joint Health Supplements market?

• What factors are influencing the Bone and Joint Health Supplements Market during the forecast period?

• What are the global challenges, threats and risks in the Bone and Joint Health Supplements market?

• What factors are driving and restraining the Bone and Joint Health Supplements Market?

• Which are the demanding global regions of the Bone and Joint Health Supplements Market?

• What will be the size of the global market in the coming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing information through market intelligence reports, custom business research and primary research. Our research studies are spread across topics across the globe, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis and custom reports that help shape winning business strategies for our clients.

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