Thailand Bone And Joint Health Supplements Market Size & Outlook
Thailand bone and joint health supplements market, 2018-2030 (US$M)
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Thailand bone and joint health supplements market highlights
- The Thailand bone and joint health supplements market generated a revenue of USD 40.8 million in 2023 and is expected to reach USD 71.6 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8.4% 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 40.8 million |
| Market revenue in 2030 | USD 71.6 million |
| Growth rate | 8.4% (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, Thailand accounted for 1.0% 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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Thailand 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 29.17% in 2023. Horizon Databook has segmented the Thailand 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.
The constantly rising geriatric population is the primary factor driving growth of the market, as people aged above 65 years are at a high risk of developing degenerative disc disease, low bone density, and osteoarthritis. Increasing consumer awareness about personal health and well-being is expected to be a key driving factor.
Furthermore, there is a rise in the percentage of working population within the country struggling to fulfill the daily nutrient requirements owing to hectic work schedules and changing lifestyle. Increasing dependence on supplements to fulfill the nutrient requirement owing to their high convenience is expected to drive the market over the forecast period.
Increasing spending on healthcare products, rising geriatric population, and growing interest in preventive healthcare & in attaining wellness through diet are expected to augment market growth over 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 Thailand bone and joint health supplements market, including forecasts for subscribers. This country databook contains high-level insights into Thailand bone and joint health supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand bone joint health supplements market report size, by product, 2018-2030 (US$M)
Thailand Bone And Joint Health Supplements Market Share, 2023 & 2030 (US$M)
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