Bone Health Supplement Market Forecasts to 2030 – Global Analysis By Product (Tablet, Capsule and Other Products), Type (Generic, Branded and Other Types), Route of Administration, Mode of Purchase, Application, End User and By Geography

Bone Health Supplement Market Forecasts to 2030 – Global Analysis By Product (Tablet, Capsule and Other Products), Type (Generic, Branded and Other Types), Route of Administration, Mode of Purchase, Application, End User and By Geography

According to Stratistics MRC, the Global Bone Health Supplement Market is accounted for $21,437.2 million in 2023 and is expected to reach $41,246.3 million by 2030 growing at a CAGR of 9.8% during the forecast period. A bone health supplement is a nutritional product designed to support and maintain the health of the skeletal system and plays a crucial role in providing structural support, protecting vital organs, and facilitating movement. These supplements contain essential nutrients like calcium, vitamin D, magnesium, and phosphorus, which are vital for bone development and maintenance. Additionally, they are often prescribed for older adults, postmenopausal women, and individuals with conditions affecting nutrient absorption.

According to the International Energy Agency (IEA), the gasoline demand is anticipated to increase over the next few years, due to the fast-growing markets in Asia, Central & South America, Africa, and the Middle East, which accounts for about 70% of the global demand growth in 2021.

Market Dynamics:

Driver:

Increasing health consciousness

Individuals are now more informed about the role of nutrients, vitamins, and minerals in maintaining optimal bone health, leading them to explore bone health supplements as a convenient and accessible option. The availability of information through various channels, such as the internet, social media, and health-related publications, has contributed to the increased awareness of the importance of bone health. Furthermore, the growing health consciousness among individuals, coupled with the availability of information and the needs of the aging population, are driving the expansion of the bone health supplement market.

Restraint:

Limited awareness and education

Many individuals lack sufficient knowledge about the importance of maintaining strong and healthy bones. Limited awareness refers to the lack of understanding and information among the general population regarding the significance of bone health and the role of supplements in supporting it. Moreover, insufficient dissemination of information about the benefits of bone health supplements, their appropriate usage, and potential risks may deter potential consumers from considering these products, which further contributes to the restrained market.

Opportunity:

Government initiatives and health campaigns

Governments and health organizations undertake campaigns to educate the population about the importance of adequate nutrition, especially in terms of essential bone-supporting nutrients like calcium and vitamin D. These initiatives and campaigns provide valuable information to diverse demographic groups, including the aging population, women, and individuals with specific risk factors for bone-related issues. In addition, public health efforts aimed at promoting bone health awareness contribute significantly to shaping consumer behavior and fostering a proactive approach to skeletal well-being.

Threat:

Adverse reactions

Bone health supplements may interact with prescription drugs, leading to undesired effects or reduced efficacy of either the supplement or the medication. Some of these supplements may cause gastrointestinal issues such as stomach upset, constipation, or diarrhea. These side effects can cause discomfort and inconvenience, making individuals hesitant to consume such supplements regularly. Moreover, there may be products of varying quality and efficacy, making it difficult for consumers to choose reliable and effective options, which can be a significant restraint for the bone health supplement market.

Covid-19 Impact

The COVID-19 pandemic has had several negative impacts on the Bone Health Supplement market globally. Lockdowns, economic uncertainties, and disruptions in the supply chain have collectively contributed to a slowdown in market growth. The economic downturn has affected disposable incomes, causing some consumers to cut back on non-essential spending, including dietary supplements. Additionally, disruptions in manufacturing and distribution channels have resulted in supply chain challenges, leading to shortages and increased prices for certain raw materials, impacting the overall cost and availability of bone health supplements.

The collagen segment is expected to be the largest during the forecast period

The collagen segment is estimated to hold the largest share because it is designed to enhance the body's natural collagen production or provide additional collagen to support bone structure. These supplements often contain collagen peptides, which are smaller, easily absorbable forms of collagen. Furthermore, consumers, especially those who seek comprehensive bone health support, may opt for supplements that combine collagen with other essential nutrients such as calcium, vitamin D, and minerals, contributing to their resilience and integrity, which are driving this segment’s growth.

The capsule segment is expected to have the highest CAGR during the forecast period

The capsule segment is anticipated to have highest CAGR during the forecast period due to its popularity and convenience as a form of delivery for essential nutrients supporting skeletal well-being. Bone health supplements in capsule form are designed to provide a precise dosage of key ingredients, including calcium, vitamin D, magnesium, and other bone-supporting nutrients. In addition, they are particularly beneficial for those with dietary restrictions, as capsules can be formulated to be free of common allergens or additives for controlled release, optimizing the absorption of nutrients over time and thereby gradually boosting this segment’s expansion.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to increasing awareness of the importance of skeletal well-being and a rising aging population. Countries in this region, such as India, China, Japan, and South Korea, are experiencing demographic shifts, with a growing elderly population prone to bone-related issues like osteoporosis. Moreover, the prevalence of conditions like vitamin D deficiency in certain regions, coupled with a focus on preventive healthcare, has also contributed to the uptake of supplements fortified with essential nutrients, which further fueled the market's expansion.
Region with highest CAGR:

North America is expected to witness highest CAGR over the projection period. Due to a heightened awareness of bone-related issues, there is a growing demand for supplements designed to support skeletal health. Key players such as BioScience Nutrition, Bergstrom Nutrition Inc., Cargill Inc., and Abbott Laboratories heightened awareness of bone-related issues. Moreover, the accessibility of these supplements through various retail channels, including pharmacies, supermarkets, and online platforms, facilitates their widespread adoption, contributing to the expansion of the market in this region.

Key players in the market

Some of the key players in the Bone Health Supplement Market include Amway, Inc., BASF SE, Archer Daniel Midland Company, BioScience Nutrition, ESM Technologies LLC, Innophos Nutrition, Bergstrom Nutrition Inc., Ethical Naturals Inc., Cargill Inc., Herbalife International, Abbott Laboratories, NutriGold Inc., Nature's Bounty Co., Bio-Tech Pharmacal Inc. and Koninklijke DSM N.V.

Key Developments:

In December 2023, BASF launches Irgastab® PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams.

In November 2023, Cargill has completed an expansion and modernization project at its integrated soybean crush and refined oils facility in Sidney, Ohio.

In September 2023, The Soil Health Institute (SHI) and Cargill are coming together partner to advance implementation of regenerative agriculture practices through the promotion of water stewardship within agricultural supply chains.

Types Covered:
• Collagen
• Glucosamine- Chondroitin
• Vitamin D
• Calcium
• Vitamin K
• Omega- 3 Fatty Acids
• Other Types

Forms Covered:
• Powder
• Capsule
• Liquid Forms
• Tablet
• Other Form

Ingredients Covered:
• Amino Acids
• Vitamins and Minerals
• Botanical Supplements
• Other Ingredients

Distribution Channels Covered:
• Convenience Stores• Health Stores• Internet Retailing• Pharmacies• Supermarkets/Hypermarkets• Other Distribution Channels
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
JapanChinaIndiaAustralia
New Zealand
South Korea
Rest of Asia Pacific• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances