Global Bone and Joint Health Ingredients Market, By Type (Glucosamine and Chondroitin, Calcium, Others), Applications (Dietary Supplements, Functional Food and Beverages), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Global Bone and Joint Health Ingredients Market is expected to rise from its initial estimated value of USD 2455.5 million in 2018 to an estimated value of USD 4033.4 million by 2026, registering a CAGR of 6.4% during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of plant protein amid rising amount of health concerns and veganism worldwide.
Some of the major competitors currently working in the bone and joint health ingredients market are Synutra, Inc.., Rousselot, Waitaki Bio, DSM, DuPont. , Archer Daniels Midland Company, BASF SE, BIOIBERICA, Stratum Nutrition, Bergstorm Nutrition., Cargill, Incorporated, NutraCeutical Ingredients Pte. Ltd.Peptan, biosciencenutrionireland.com, Holista Colltech Limited., GELITA AG and Glanbia plc.
Bone and joint health ingredients are the sources that provide soy isoflavones, prebiotic fibre, , calcium and vitamins like vitamin K and vitamin D for reducing the pain and strengthening the bone and joint health. Whereas bone and joint problem seem to be a common problem in the increasing aging population which is driving the global market of bone and joint health ingredients.
- Growing bone and joint health issues
- Large range of application
- Strict Laws And Regulations
- Allopathic alternate & Surgeries
Segmentation: Global Bone and Joint Health Ingredients Market
- Glucosamine and Chondroitin
- Dietary Supplements
- Functional Food and Beverages
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
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Key Developments in the Market:
In January 2017, in order to increase regional research and development activities, BASF, opened ‘Newtrition Lab’ in Singapore. This will help them to provide and promote product development support and analytical services for their customers across the region.
In May 2014, Archer Daniels Midland (ADM) intent to drive the European market with non-GMO options, however the company serve one of the world’s largest soy isoflavone facilities, for the manufacturing quality isoflavone products sources from non-GMO soybean varieties.
Competitive Analysis: Global Bone and Joint Health Ingredients Market
Global bone and joint health ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bone and joint health ingredients market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market Drivers and Restraints analysis along with the analysis of the market structure
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