South Africa Bone And Joint Health Supplements Market Size & Outlook
South Africa bone and joint health supplements market, 2018-2030 (US$M)
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South Africa bone and joint health supplements market highlights
- The South Africa bone and joint health supplements market generated a revenue of USD 50.4 million in 2023 and is expected to reach USD 74.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- Omega-3 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 50.4 million |
| Market revenue in 2030 | USD 74.7 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Omega-3 |
| 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, South Africa accounted for 1.3% 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 Middle East & Africa, South Africa bone and joint health supplements market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 74.7 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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South Africa 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 31.15% in 2023. Horizon Databook has segmented the South Africa 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.
Growing geriatric population, increasing prevalence of bone-related diseases, and increasing awareness about bone & joint health supplements are expected to boost market growth over the forecast period. Furthermore, shifting trend toward rising preference for organic plant-based products is also opening new opportunities for the market.
Growing prevalence of bone-related chronic conditions further fuels market growth. As per NOFSA – National Osteoporosis Foundation of South Africa, 1 in every 3 women and 1 in every 5 men suffers from osteoporosis during their lifetime.
Furthermore, easy availability of these supplements through retail and online channels further positively impacts the market. Growing adoption of sedentary lifestyle, rising intake of alcohol, and unhealthy diet have led to increasing percentage of population dealing with nutritional deficiencies that lead to weaker bones & joints, and thus, large number of people are adopting these bone and joint health supplements to improve their health condition.
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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 South Africa bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into South Africa bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa bone joint health supplements market report size, by product, 2018-2030 (US$M)
South Africa Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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