Germany Bone And Joint Health Supplements Market Size & Outlook
Germany bone and joint health supplements market, 2018-2030 (US$M)
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Germany bone and joint health supplements market highlights
- The Germany bone and joint health supplements market generated a revenue of USD 137.1 million in 2023 and is expected to reach USD 232.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.9% 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 137.1 million |
| Market revenue in 2030 | USD 232.9 million |
| Growth rate | 7.9% (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, Germany accounted for 3.5% 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 Europe, UK bone and joint health supplements market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 282.5 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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Germany 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 26.62% in 2023. Horizon Databook has segmented the Germany 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 Germany, the demand for food/dietary supplements is booming owing to increased health consciousness and the desire for self-improvement. As per the German Federal Institute of Risk Assessment, almost 1 in 3 Germans consume dietary pills, capsules, or powder.
In 2019, the dietary supplements market grew by 5%. The rising incidence of micronutrient deficiency and high prevalence of chronic bone- and joint-related diseases are boosting growth of the market. As per International Osteoporosis Foundation 2021, in Germany, in 2019, more than 5.6 million people suffered from osteoporosis, out of which 79.5% were women and 20.5% were men.
Moreover, the geriatric population is prone to the risk of osteoporosis. The increasing healthcare spending and rising number of acquisitions & expansions by dietary supplement manufacturers are among the key factors expected to drive market growth in Germany during the forecast period.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into Germany bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany bone joint health supplements market report size, by product, 2018-2030 (US$M)
Germany Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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