InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Workout Supplements Market – (By Product Type (Powder, Capsule/ Tablet, Drinks), By Distribution Channel (Supermarkets & Hypermarkets, E-commerce and Online Stores, Drug stores and Pharmacies, Other Offline stores)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Workout Supplements Market is valued at US$ 18.17 Bn in 2023, and it is expected to reach US$ 35.55 Bn by 2031, with a CAGR of 8.95% during the forecast period of 2024-2031.
The increasing emphasis on health and fitness across demographics drove the demand for workout supplements. Consumers were becoming more conscious of the need for proper nutrition to support their fitness regimes, leading to a higher uptake of supplements like protein powders, pre-workout formulas, and amino acids. Furthermore, the growing popularity of fitness activities, gym memberships, and sports participation globally contributed to the market’s expansion. As more individuals engaged in workouts, exercises, and athletic activities, the demand for supplements to enhance performance, support muscle recovery, and achieve fitness goals increased.
Moreover, the influence of social media, fitness influencers, and celebrity endorsements played a significant role in driving consumer awareness and interest in workout supplements. These platforms acted as powerful marketing channels, reaching a wide audience and influencing purchasing decisions.
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List of Prominent Players in the Workout Supplements Market
- Abbott
- BSN
- Finaflex
- EFX Sports
- Nutrex Research
- SynTech Nutrition
- BPI Sports LLC
- Nutrabolt
- JNX Sports
- SAN
- eFlow Nutrition LLC.
- Other Prominent Players
Market Dynamics:
Drivers-
The rising awareness about health and fitness drives the growth of the Workout Supplements Market. With increasing health consciousness, consumers opt for bodybuilding supplements to maintain fitness and build muscle mass. Protein supplements are the most popular among gym-goers and athletes for muscle recovery and gains. Furthermore, the easy availability of these supplements through online retail channels and the growing millennial population are also fueling the market growth. Easy accessibility through online and brick-and-mortar retail outlets has dramatically boosted the global Workout Supplements Market in recent years. Bodybuilders and fitness enthusiasts can now purchase virtually any legal supplement from various online stores with a click of a button. The popularity of bodybuilding as a sport and fitness activity has grown significantly over the past decade. More and more people focus on health, fitness, and a toned physique. They are joining gyms and following rigorous workout routines. However, achieving the desired body type through exercise and diet alone can be challenging and time-consuming. Increasing the prevalence of obesity and lifestyle diseases is another major factor positively impacting this industry. All these drivers are creating a huge demand for the bodybuilding supplement market.
Challenges:
High pricing of Branded Workout Supplements due to high manufacturing costs is significantly restraining the growth of the global Workout Supplements Market. The issue of high production costs associated with supplements products in the global Workout Supplements Market. Concerns regarding product safety and side effects pose a major restraint for the global workout supplement market. Consumers are increasingly skeptical about the potential health risks associated with the extended usage of certain supplements. This is because some supplements must be conclusively proven safe for prolonged intake. The body supplements market faces challenges of regulatory scrutiny, ensuring product safety and efficacy, maintaining consumer trust amidst controversies, combating misinformation, and addressing concerns regarding long-term health impacts. Competition intensifies as trends shift towards natural and sustainable options, requiring constant innovation and transparent communication to meet evolving consumer demands.
Regional Trends:
For workout supplements, North America has emerged as the leading regional market. This is because large nutrition, dietary supplement, and nutraceutical firms are widely present in the area, and nations like the United States have robust healthcare infrastructures and expenditures. As a result, the area has a leading percentage of patent applications and benefits from the early adoption of innovative goods. Although growth is slower in mature markets than in other countries due to legislation, population demographics, and market maturity, ongoing innovation guarantees that end consumers of pharmaceuticals and nutraceuticals will always have a need.
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Recent Developments:
- In September 2022, Abbott introduced a novel formulation of Ensure with HMB, which is designed to assist the ageing of Indians. The new Ensure is a scientifically supported dietary supplement containing 32 essential nutrients, including vitamin D, high-quality protein, and calcium, to support and enhance bone and muscle strength.
- In July 2023, WWE, a professional wrestling organization, and Nutrabolt, the proprietor of the C4 brand and a rapidly expanding, international active health and wellness corporation, jointly declared the commencement of their inaugural co-branded product collaboration: C4 Ultimate Pre-Workout Powder and C4 Ultimate Energy Drink featuring flavours inspired by WWE. This development marks an extension of their multi-year partnership.
Segmentation of Workout Supplements Market –
By Product Type:-
- Powder
- Capsule/ Tablet
- Drinks
- Other Types
By Distribution Channel:-
- Supermarkets & Hypermarkets
- E-commerce and Online Stores
- Drug stores and Pharmacies
- Other Offline stores
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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