The global bone and joint health supplements market is estimated to be valued at USD 11.7 billion by 2022.It is expected to reach USD 17.6 billion by 2027, growing at a CAGR of 8.5% during the forecast period.
The bone and joint health supplements market in North America is growing at a CAGR of 7.9% due to rising awareness related to health trends, and the popularity of bone and joint health supplements is soaring in the region.Inadequate exercise, low vitamin D levels, and insufficient calcium are increasingly recognized in modern life. Vitamin D deficiency affects approximately 70% of children in the United States.Adults have been shown to have similar levels of vitamin D deficiency.
The elderly population dominates the bone and joint health supplement market among target consumers.By 2022, it is estimated at $5,410.2 million.
The senior population by target consumers is expected to witness the highest growth over the forecast period owing to the increasing aging population associated with it.Ageing gracefully, adopting a healthy lifestyle, and staying active are some of the main goals of the majority of the elderly population.Getting the right amount of vitamins and minerals for your body becomes a challenge as you age.Fortunately, the consumption of bone and joint health supplements fills these gaps.
Other distribution channels are the fastest growing segment.It is expected to grow by 9.2% over the forecast period.
Other distribution channels include specialty food stores, convenience stores, direct-to-consumer, fitness establishments and e-commerce.Many companies and retailers offer online services to make it easier for consumers to place and deliver their orders.There are several one-stop shops online to simplify the buying process for consumers.These online retail stores also offer a wide selection of specific bone and joint health products at lower prices than traditional retail prices to attract more customers.The increase in the frequency of online shopping over the past decade has created opportunities to increase product sales for leading online players, as well as regional domestic e-retailers such as Wheafree in India and Health Supplies Ltd in the UK.
Post time: Jul-04-2022