Canada Bone And Joint Health Supplements Market Size & Outlook
Canada bone and joint health supplements market, 2018-2030 (US$M)
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Canada bone and joint health supplements market highlights
- The Canada bone and joint health supplements market generated a revenue of USD 146.5 million in 2023 and is expected to reach USD 226.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.4% 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.
Bone and joint health supplements market data book summary
| Market revenue in 2023 | USD 146.5 million |
| Market revenue in 2030 | USD 226.1 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Minerals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 3.8% of the global bone and joint health supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. bone and joint health supplements market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,810.6 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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Canada 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 29.08% in 2023. Horizon Databook has segmented the Canada 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.
In Canada, a large number of people do not meet daily requirements of nutrients vital for the maintenance of health and well-being. With changing lifestyle and rising awareness about health & wellbeing, many people are adopting various dietary supplements to maintain their health, especially bone and joint supplements, for maintaining mineral bone density.
Growing geriatric population further increases the adoption of bone and joint health supplements, as they are more prone to osteoporosis and arthritis. As per a report by Osteoporosis Canada, about more than 2.3 million Canadians are living with osteoporosis and more than 80% factures occur in people aged 50 years & above, which are caused by osteoporosis. On average, about 1 in 3 women and 1 and 5 men suffer from osteoporotic fracture during their lifetime.
Vitamin D is essential for building strong muscles and bones as vitamin D supports calcium absorption and bone mineralization. In addition, one of the surveys suggested that approximately 34% Canadians were taking vitamin D supplements, thereby creating a demand for bone and joint supplements.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into Canada bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada bone joint health supplements market report size, by product, 2018-2030 (US$M)
Canada Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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