Russia Bone And Joint Health Supplements Market Size & Outlook
Russia bone and joint health supplements market, 2018-2030 (US$M)
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Russia bone and joint health supplements market highlights
- The Russia bone and joint health supplements market generated a revenue of USD 72.0 million in 2023 and is expected to reach USD 115.9 million by 2030.
- The Russia market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- Glucosamine 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 72.0 million |
| Market revenue in 2030 | USD 115.9 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Glucosamine |
| 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, Russia accounted for 1.8% 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 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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Russia 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 26.25% in 2023. Horizon Databook has segmented the Russia 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 Russia, the trend of dietary supplements is still new as compared to other European countries. However, the region has witnessed an increase in sales of vitamin and mineral supplements since 2020.
The core consumers of dietary supplements in Russia are middle-aged and older population who are focusing on leading an active lifestyle. Furthermore, new approaches to joint and bone health using innovative forms of collagen and botanicals are expected to drive the industry.
The presence of key players in the country is also anticipated to fuel market growth. For instance, BIOVEA is one of the largest online health and wellness retailers in Russia. In addition, local players in the country are focusing on market expansion, which will fuel growth in the coming years.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Russia bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into Russia bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia bone joint health supplements market report size, by product, 2018-2030 (US$M)
Russia Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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