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.
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 Distribution channels:
By Region and Country:
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
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
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:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Distribution channels
, Form and Region
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 7.7%.
Aging population, which is particularly prone to fractures and bone injuries. Globally, the senior population is the largest target market for producers of bone and joint health supplements.
Major global Bone and Teeth Supplements Market players are Amway, Pfizer, Bayer AG, Reckitt Benckiser Group plc, Xtend-Life, VitaScience, Procter & Gamble, Nature’s Bounty Co, BASF SE, BioScience Nutrition.
The high capital investment needed to deploy Bone and Teeth Supplements systems is constrained by market growth.
The Europe region is expected to account for the largest market revenue share in the Global Bone and Teeth Supplements market.
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