China Bone And Joint Health Supplements Market Size & Outlook
China bone and joint health supplements market, 2018-2030 (US$M)
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China bone and joint health supplements market highlights
- The China bone and joint health supplements market generated a revenue of USD 482.2 million in 2023 and is expected to reach USD 813.2 million by 2030.
- The China market is expected to grow at a CAGR of 7.8% 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 482.2 million |
| Market revenue in 2030 | USD 813.2 million |
| Growth rate | 7.8% (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, China accounted for 12.4% 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 Asia Pacific, China bone and joint health supplements market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 346.9 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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China 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 32.83% in 2023. Horizon Databook has segmented the China 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.
China has the fastest-aging population in the world. As per WHO, in 2019, there were about 254 million people who were aged 60 or above and about 176 million were 65 or above. Furthermore, it is projected that by 2040, about 402 million people will be over 60, which will be around 28% of the world’s population.
With aging, it is recommended to consume dietary supplements to maintain bone mineral density, which reduces the chances of osteoporosis and other chronic bone conditions. Growing prevalence of arthritis not only in the elderly population but also in the younger population is also one of the key factors driving market growth.
Adoption of a sedentary lifestyle, consumption of an unhealthy diet, and lack of proper physical activity are leading to rising prevalence of chronic bone conditions, as a large percentage of population is adopting dietary supplements for maintaining their health. Shifting trend toward adopting plant-based organic supplements also opens new opportunities for the market.
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Target buyers of China 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 country-level data and insights on the China bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into China bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China bone joint health supplements market report size, by product, 2018-2030 (US$M)
China Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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