Spain Bone And Joint Health Supplements Market Size & Outlook
Spain bone and joint health supplements market, 2018-2030 (US$M)
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Spain bone and joint health supplements market highlights
- The Spain bone and joint health supplements market generated a revenue of USD 50.3 million in 2023 and is expected to reach USD 69.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.8% 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 50.3 million |
| Market revenue in 2030 | USD 69.9 million |
| Growth rate | 4.8% (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, Spain 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 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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Spain 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 39.36% in 2023. Horizon Databook has segmented the Spain 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.
Spain is one of the countries with highest consumption rate of food supplements with a large range consumption rate of vitamin and mineral supplements. The market in the region is anticipated to witness high growth in the coming years due to rising popularity of personalized nutrition among women and aging population in the country. The population aged between 26 and 35 who do regular exercise regularly consume vitamins & complexes, especially vitamins C & D and calcium.
Furthermore, consumers in Spain are increasingly focusing on adopting herbal & natural supplements to replace chemical-based health & beauty products. Growing adoption of natural remedies for health would drive dietary supplements market in the country during the forecast period.
Moreover, Spanish women are considered to be key consumers of dietary supplements owing to special nutritional requirements when they reach menopause. In addition, most women in the country have high requirements for key dietary supplements, such as isoflavones and calcium, to deal with other secondary conditions occurring during menopause.
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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 Spain bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into Spain bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain bone joint health supplements market report size, by product, 2018-2030 (US$M)
Spain Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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