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GLOBAL WORKOUT SUPPLEMENTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Workout Supplements Market, By Form (Powder, Capsule/Tablets, Ready to Drink), By Distribution Channel (Online, Offline), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published In : Jan 2024
  • Code : CMI6531
  • Pages :172
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Market Challenges And Opportunities

Global Workout Supplement Market- Drivers

  • Increasing health and fitness awareness among people: Increasing health and fitness awareness among people has been a major driving factor for the growth of the global workout supplement market in recent years. With more people focusing on regular exercise and activity to maintain physical and mental well-being, the demand for supplement that aid workout regimes and muscle recovery has seen a considerable rise. Workout supplement offer nutritional support to enhance exercise performance and help build or tone muscles. Protein powders, pre-workout drinks, and recovery supplement have become very popular among gymgoers and recreational athletes. The COVID-19 pandemic further strengthened people's focus on health, as staying fit bolstered immunity. Extended periods of lockdown also pushed many towards at-home workouts, which require supplement for desired results. According to Centers for Disease Control and Prevention data, the percentage of U.S. adults who reported being physically inactive increased from 32.5% in 2018 to 37.3% in May 2020, during the initial months of the pandemic. This created new opportunities for the workout supplement industry to assist people in attaining their fitness objectives.
  • Growing inclination towards weight management and weight loss: The global inclination towards weight management and maintaining a healthy lifestyle has significantly driven the growth of the global workout supplement market in recent years. With increasing health consciousness, more and more people are focusing on regular exercise and physical activities. However, maintaining consistency in workouts and achieving targeted fitness goals often requires external performance and recovery support. This has boosted the demand for high-quality workout supplement. Workout supplement provide the necessary nutrients and compounds to support exercise regimes and aid in muscle recovery and strength gain. Popular supplement include pre-workout formulations that offer energy boosts and pump ingredients, as well as post-workout supplement that help repair muscles and accelerate recovery. With rising gym memberships and participation in sports internationally, such supplement have become an important part of many workout routines. Their availability in convenient packaging and portion-controlled servings has resonated well with busy lifestyles.
  • Increasing prevalence of obesity and lifestyle diseases: Increasing the prevalence of obesity and lifestyle diseases is another major factor positively impacting this industry. As per data from the World Health Organization in 2020, globally around 13% of adults aged 18 years and older were obese. The highest levels of obesity were seen in countries like the U.S., where 42.4% of adults were overweight. The economic and health burden of obesity serves as an important factor to promote healthy living. This has raised awareness about weight management solutions, fueling sales of various diet and workout supplement designed to help lose or manage weight effectively.

Global Workout Supplement Market- Opportunities

  • Increasing Product Innovation: Product innovation has been a major driving factor in the global workout supplement market. With rising health awareness and interest in fitness, customers are constantly looking for new and innovative products that can help them achieve their workout and diet goals efficiently. Manufacturers who are able to launch differentiated and specialized supplement catering to niche requirements will have an edge. Customers today expect supplement that are tailored to their unique needs, like weight gain supplement for gym enthusiasts bulking up, weight loss supplement for those trying to shed extra kilos, or gender-specific pre-workout supplement. There is also demand for vegetarian, vegan, non-GMO, and clean label options. Supplement delivering targeted benefits for different fitness activities like running, cycling, or cross fit are gaining popularity. Functional ingredients backed by scientific research are trusted more. A focus on product development to leverage emerging trends will benefit players in the long run. The International Food Information Council Foundation's 2020 Food & Health Survey showed 28% of Americans increased their plant-based food intake post pandemic. TheFlexitarianDiet.org cites 57% Americans trying to limit meat for health and environmental reasons. This points to the vast potential of plant-centric supplement. Innovation in delivery systems and improving convenience can also stimulate sales. Examples include gummies, chewable tablets, and ready-to-mix powders. Continuous iterations addressing evolving needs will help companies gain loyal customers and expand market share.
  • Potential in developing economies: Developing economies offer substantial potential for growth in the global workout supplement market. These nations are experiencing rising incomes and growing health awareness. As more people gain the financial ability to prioritize health and fitness goals, demand for high-quality workout supplement will increase considerably in the coming years. The outlook is particularly promising in South and Southeast Asia. According to United Nations population data, countries like India, Indonesia, Pakistan, and the Philippines will account for nearly 3 billion people, or over 35% of the world's population, by 2050. As these populations experience urbanization and economic development, lifestyle-related health issues will rise accordingly. This creates a massive addressable market for workout supplement that help consumers actively combat conditions like obesity, diabetes, and cardiovascular disease through regular exercise regimens supported by targeted nutritional products. Additionally, e-commerce is driving the next wave of growth across developing regions. The World Bank estimates that internet penetration in developing economies leapt from 25% in 2015 to over 45% in 2020. This exponential digital transformation means customers now have unprecedented access to global fitness brands and specialized supplement formerly unavailable to them. Easier online accessibility combined with diverse product offerings is convincing more newcomers to regularly use high-quality supplement to optimize their workout results. Local manufacturing is also establishing itself in key growth markets like India, meeting rising demand from cost-conscious domestic consumers.
  • Growing demand for plant-based supplement: The global demand for plant-based supplement is steadily increasing as more consumers are now focusing on healthy and sustainable lifestyles. Plant-based supplement made from ingredients like seeds, herbs, fruits, and vegetables are gaining popularity among health-conscious individuals as they offer several nutritional benefits and are considered safer alternatives to chemical-based supplement. This growing consumer preference for natural and organic products presents a major growth opportunity for companies in the global workout supplement market. According to the UN Food and Agriculture Organization's latest report, worldwide sales of plant-based food increased by 35 percent between 2013 and 2018, indicating a strong consumer drift toward a vegan and vegetarian diet. Workout supplement companies can capitalize on this trend by launching innovative products developed from high quality plant-based ingredients. For example, a line of protein powders made from pea, pumpkin seeds, or hemp could appeal greatly to the expanding base of flexitarians and vegans. Similarly, pre-workout supplement containing adaptogenic herbs like ashwagandha, maca, and ginseng may gain widespread acceptance given their stress-relieving and immunity-boosting properties.

Figure 2. Global Workout Supplement Market Share (%), By Form, 2023

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