Bone and Teeth Supplements Market

Bone and Teeth Supplements Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Bone and Teeth Supplements Market grew at a CAGR of 7.4% between 2017-2021 and is estimated to be US$ 7,924.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.7% and is expected to reach a valuation of US$ 16,639.3 Mn by 2032 end.

The rising medical costs, rising bone, and joint cases, and increasing demand for natural supplements are driving the growth of the Bone and teeth supplements market. High prices of Bone and teeth supplements also restrain the market growth.

Market Dynamic

GROWING LACTOSE INTOLERANCE WITHIN PEOPLE WILL CREATE A GOOD MARKET FOR CALCIUM

People who are lactose intolerant are majorly affected by calcium deficiency because the major source of calcium is dairy products. According to the National Institute of Diabetes and Digestive & Kidney Diseases, experts estimate that about 68 percent of the world’s population has lactose malabsorption. Lactose malabsorption is more common in some parts of the world than in others. In Africa and Asia, most people have lactose malabsorption. In some regions, such as northern Europe, many people carry a gene that allows them to digest lactose after infancy, and lactose malabsorption is less common. In the United States, about 36 percent of people have lactose malabsorption. Doctors prescribe calcium supplements along with vitamin D to fulfill their daily needs for calcium

HIGH INVESTMENT IN R&D WILL IMPACT PRICING
The process of developing new products is not a simple one, as it involves extensive R&D investments, clinical trials, and approvals from respective authorities in different countries/regions. Besides, developing such products is not a simple activity, as it includes the formulation, trial & testing, and commercialization of them into the market. However, high R&D investments do not give equal returns in terms of productivity, as even after successful molecule discovery, the cost of bringing a new supplement into the market remains significantly high. The cost of proving the effectiveness of a bone & joint health supplement through clinical trials is also relatively expensive. It can be a major hindrance to developing novel supplements in the market.

A SIGNIFICANT AMOUNT OF DEMAND-DRIVEN SPECIFICALLY FROM THE AGING POPULATION WILL CREATE MORE OPPORTUNITIES FOR THE MARKET

The aging process naturally makes consumers aware of their bone health. Rheumatoid arthritis is one of the most common autoimmune diseases faced by the global population. The rising number of patients with osteoporosis and rheumatoid arthritis is leading manufacturers to produce collagen-based candies, supplements, and drinks, which, when orally consumed, deliver sufficient results.

Market Segments Covered in Report

By Type:

• Vitamin D
• Vitamin K
• Calcium
• Collagen
• Omega-3 Fatty acids
• Glucosamine-Chondroitin
• Others

By Distribution channels:

• Supermarkets/hypermarkets
• Pharmacies & drug stores
• Health & beauty stores
• Others

By Form:

• Tablets
• Capsules
• Liquid
• Powder
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of the Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are The tablet segment is forecast period projected to ensure the most revenue during the forecast period?

At 45.0% of the market, tablets had the greatest revenue share. Bone and joint health supplements in tablet form are widely consumed on account of their ease of use, availability, packaging, and cost-effectiveness. Tablets are preferred over other types of nutritional supplements because they have a longer shelf life than other types of nutritional supplements. Compressed tablets have the advantage of being generally stable and available in a variety of sizes and shapes. As a result, a wide range of nutritional supplements can be easily incorporated into tablet form. For this reason, compressed tablets are popular.

Why is the supermarket/hypermarket expected to expand the fastest during the forecast period?

In 2021, Supermarkets have become a major channel for sales of health supplements over the last few decades. They are now so important that they represent a small but firmly established channel for health food products.

While consumers may be buying health supplements at pharmacies, they are generally not intended for use by the consumer and are usually bought as gifts or for family members. Developed countries have a much higher awareness of purchasing criteria and are therefore expecting major growth in this market compared to developing countries because there is more awareness of health supplement buying criteria though in developing countries people are used a health supplements from pharmacies only

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• In 2021, the Europe market held a sizeable revenue share of 23.4%. The past few years have been marked by an increase in lifestyle diseases, as well as a shift in consumer habits. Consumers are increasingly taking preventive measures to reduce the effects of lifestyle diseases. Europe leads the bone and joint health supplement market, with nationwide demand for Bone and Teeth Supplements.
• Healthcare expenditure in North America is rising every day, with a growing aged population, advanced technology, advanced pharmacy distribution channel, better medical facilities, and a rise in the number of insured people. These factors are driving the bone and joint health supplements market in the country. Furthermore, calcium is one of the most in-demand supplements among women in North America.

Competition Analysis

The bone and joint health market are expected to be highly competitive in the future, owing to the increasing demand for these supplements across various age groups. This is because bone disorders can be prevented by preventive measures like taking dietary supplements and exercise.

Some of the key developments that have taken place in the Bone and Teeth Supplements Market include:

• In December 2021, Flavor Infusion International(FISA), a comprehensive supplier of flavors and specialty ingredients throughout Latin America and the Caribbean, was bought by ADM.
• In February 2022, Under the banner of its premier brand Nutrilite, Amway introduced jelly strips.

A list of some of the key suppliers present in the market are:

• Amway
• Pfizer
• Bayer AG
• Reckitt Benckiser Group plc
• Xtend-Life
• VitaScience
• Procter & Gamble
• Nature’s Bounty Co
• BASF SE
• BioScience Nutrition

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.