Market Trends of Bone and Joint Health Ingredients Industry
This section covers the major market trends shaping the Bone Joint Health Ingredients Market according to our research experts:
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.
