Asia Pacific Bone And Joint Health Supplements Market Size & Outlook
Asia Pacific bone and joint health supplements market, 2018-2030 (US$M)
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Asia Pacific bone and joint health supplements market highlights
- The Asia Pacific bone and joint health supplements market generated a revenue of USD 1,194.8 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- Minerals is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,194.8 million |
| Market revenue in 2030 | USD 2,065.0 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Minerals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Minerals, Collagen, Omega-3, Glucosamine |
| Key market players worldwide | Herbalife Ltd, GNC, The Bountiful Company, Amway Malaysia Holdings, Basf SE, Bayer AG, Glanbia PLC, NOW Foods |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.7% of the global bone and joint health supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,065.0 million by 2030.
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Bone And Joint Health Supplements Market Scope
Bone And Joint Health Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific bone and joint health supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bone and joint health supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 30.11% in 2023. Horizon Databook has segmented the Asia Pacific bone and joint health supplements market based on vitamins, minerals, collagen, omega-3, glucosamine covering the revenue growth of each sub-segment from 2018 to 2030.
As of 2022, 341 million women are of age 60 years and above as per PopulationPyramid.net in Asia. With growing number of elderly women, the need for health supplements indicated for heart diseases, osteoporosis, arthritis, and menopause, among other conditions, is also increasing in this region.
This is expected to drive growth of the women’s health supplements market in Asia Pacific during the forecast period. Due to increasing investments in R&D pertaining to beauty supplements by key manufactures to cater to the rising demand from end users in the region, this segment is gaining traction.
In addition, improvement in regulatory framework in countries like China and Australia has also led to rise in sales of dietary supplements in these countries, thereby driving regional growth. Moreover, the demand for antiaging supplements is high in Asia Pacific and is expected to increase during the forecast years.
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Target buyers of Asia Pacific bone and joint health supplements market databook
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Our clientele includes a mix of bone and joint health supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bone and joint health supplements market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bone joint health supplements market report size, by country, 2018-2030 (US$M)
Asia Pacific Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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