DUBLIN--(BUSINESS WIRE)--The "Bone and Joint Health Ingredients Market - Segmented by Type, Application and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global bone and joint health ingredients market was valued at 2,307.8 USD million in 2017 and is expected to reach 3,345.3 USD million by the end of 2023 growing at a value CAGR of 6.4% over the forecast period.
The global population particularly in the developed economies are approaching ages nearing or surpassing the life expectancy of human beings and maintaining bone and joint health becomes very crucial, the market for bone & joint health ingredients has exceeded USD 9 billion and is thus exhibiting a promising trend.
By 2020, Osteoarthritis will become the fourth most common cause of disability worldwide due to aging population.
The bone & joint health ingredients are a value-added ingredients consumed in order to strengthen and maintain healthy bones and joints. They also impart higher flexibilities that are otherwise lost with the process of aging.
The market for bone & joint health ingredients is expected to be a high potential market owing to the rising awareness among the consumers regarding bone and joint health.
Market Developments
- Archer Daniels Midland (ADM) aims to drive the European market with non-GMO options, as the company operates one of the world's largest soy isoflavone facilities, manufacturing quality isoflavone products sources from non-GMO soybean varieties.
- BASF opened Newtrition Lab' in Singapore in order to boost the regional R&D activities. The new technical application lab will provide analytical products and services development support to customers in the country.
Market Overview
Drivers
- Robust Demand from the Geriatric Population
- Evolving Target Market Segments
Restraints
- Allopathic Substitutes & Surgeries
Opportunities
- Elderly-Friendly Social-Security Schemes
- Developed Markets - Regional Hotspots
Topics Covered
1. Introduction
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- Synutra Inc.
- Rousselot BV
- Archer Daniels Midland Company
- BASF Group
- Royal DSM
- Food Chem, International
- Glanbia PLC
- Holista Colltech Ltd
- Stratum Nutrition - ESM Technologies
- Bergstorm Nutrition Inc.
- Gelita AG
For more information about this report visit https://www.researchandmarkets.com/research/r9pkn8/the_global_bone?w=4
