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Global Workout Supplements Market Primed For Growth Owing To Rising Health Awareness

Global Workout Supplements Market Primed For Growth Owing To Rising Health Awareness

Workout supplements include proteins, pre-workout supplements, weight gainers, and meal replacement products among others used by gym-goers and fitness enthusiasts to complement their workout routine and diet with additional vitamins, minerals, and other nutrients. People adopt workout supplements to build muscle mass, lose weight, increase strength and boost physical endurance. The growing popularity of fitness trends like cross fit, recreational sports, and marathon running has fuelled demand for dietary supplements that provide energy and support muscle recovery. Advances in ingredient research have made supplements more effective and safer through the use of scientific formulations and natural compounds. The Global Workout Supplements Market is estimated to be valued at US$ 17.61 BN in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the Global Workout Supplements market are BSN, Finaflex, EFX Sports, Nutrex Research, SynTech Nutrition, BPI Sports LLC, Nutrabolt, JNX Sports, SAN, eFlow Nutrition LLC. The high intensity nature of workouts necessitates recovery support and additional protein intake to build muscle mass more effectively. Technological innovation has improved supplement formulations through micro-encapsulation, inclusion of multiple active ingredients, probiotics addition and enhanced bioavailability.

Market trends

Increasing health consciousness amongst consumers has led to rise in demand for healthy yet effective supplements during workouts. Protein powders remain the best selling supplements due to benefits of muscle building. Novel formulations are introducing vegan, gluten-free, paleo friendly supplements catering to special diet preferences. Pre-workout supplements contain stimulants like caffeine along with other compounds to boost energy levels and focus during training.

Market Opportunities

Online sales of supplements are growing rapidly driven by convenient delivery, limited availability of brands at retail stores, and lucrative discounts offered. Influencers and social media promote supplements creating awareness and trail new products. Regional markets in Asia Pacific and Middle East offer lucrative opportunities for global leaders to expand given growing affluence, aspiration for fit lifestyle and emergence of local players.

Impact of COVID-19 on Global Workout Supplements Market Growth The COVID-19 pandemic has severely impacted the growth of the global workout supplements market. Governments worldwide imposed strict lockdowns and social distancing measures to curb the spread of the virus. Gyms and fitness centers were shut down during lockdowns. This resulted in a reduced demand for workout supplements as people could no longer visit gyms for their regular workouts. The supply chain disruptions also affected the production and distribution of supplements during initial months of lockdowns.

However, with the gradual easing of lockdowns, the market is regaining lost momentum. Growing health consciousness among people post-COVID and increasing focus on immunity building is driving demand for high-quality protein powders and other supplements. The “at-home fitness” trend has also picked up, benefiting the market. Leading supplement companies are launching innovative products to cater to evolving consumer needs. They are expanding their online presence and offering health-oriented discounts and loyalty programs to attract customers. With economies reopening fully and resumption of regular gym activities, the market is expected to witness steady growth over the coming years.

North America Dominates Global Workout Supplements Market

North America currently dominates the global workout supplements market, accounting for over 40% of the total market value. The US holds the leading market share in the region attributed to rising health consciousness and fitness obsession among the population. Availability of diverse products through major retail chains and strong promotional activities by key players are further stimulating market growth in the US. Europe occupies the second largest share worldwide led by Germany, France, and the UK where gym memberships and sports supplement consumption is high.

Asia Pacific Emerges as Fastest Growing Market

The Asia Pacific region is projected to showcase the fastest growth in the global workout supplements market during the forecast period. Increasing disposable incomes, growing popularity of health and fitness trends, and easy availability of supplements through online platforms are some key factors fueling demand across developing countries such as India and China. Rising health issues due to sedentary lifestyles is driving people towards supplements for building strength and muscle mass. Local supplement manufacturers are introducing affordable products tailored to domestic customers, which is positively impacting the Asia Pacific market.

For more insights, read-https://www.pressreleasebulletin.com/workout-supplements-market-trends-size-and-share-analysis/

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