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NITRIC OXIDE SUPPLEMENTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Nitric Oxide Supplements Market, By Application (Pharmaceuticals, Food & Beverages, Cosmetics, Diagnostics, Animal Feed, and Others), By Product Type (Arginine-based, Citrulline-based, Beetroot-based, Creatine-based, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Feb 2024
  • Code : CMI6274
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Market Challenges And Opportunities

Nitric Oxide Supplements Market - Drivers

  • Increasing health consciousness and adoption of active lifestyles: The growing health consciousness among consumers is a key factor driving the demand for nitric oxide supplements. Consumers are increasingly focused on preventive healthcare and managing diseases through nutrition and supplements. With rising awareness of the various health benefits offered by nitric oxide, such as improved blood circulation, better heart health, and muscle growth, its supplements are witnessing high demand. For instance, as per data of Centers for Disease Control and Prevention, the number of American adults who engage in aerobic and muscle-strengthening activities that meet guidelines increased from 50.8% in 2018 to 53.3% in 2020.
  • Rising acceptance of dietary supplements: The market for dietary and nutritional supplements has expanded remarkably over the past decade driven by rising health consciousness. Consumer confidence in dietary supplements is improving with greater research on their potential health benefits. For instance, as per data of a 2021 study published by the Food and Agricultural Organization, pomegranate peel extract was as effective as beetroot in increasing nitric oxide production after consumption. This discovery has led some supplement brands to incorporate pomegranate peel into their nitric oxide formulas.
  • Increase in lifestyle diseases: Lifestyle diseases like obesity, diabetes, high blood pressure, high cholesterol, etc. are rising rapidly worldwide. Consumers are increasingly relying on products like nitric oxide supplements to manage these chronic conditions and reduce disease progression through improved circulation and vascular function. For instance, the International Diabetes Federation estimates that approximately 537 million adults were living with diabetes in 2021 worldwide, and the numbers are predicted to rise to 643 million by 2030 and 783 million by 2045.
  • Favorable demographic shifts: The growing geriatric population which is more susceptible to nitric oxide deficiency and vascular problems is creating opportunities for nitric oxide supplement manufacturers. Urbanization leading to sedentary occupations and lifestyle changes have also contributed to an increase in lifestyle diseases. For instance, as per data from the United Nations, the number of people aged 65 years and over is projected to double from 727 million in 2020 to over 1.5 Mn by 2050. As people get older, they become more prone to cardiovascular issues like high blood pressure and heart disease. Nitric oxide is known to help relax and dilate blood vessels which can assist in lowering blood pressure and reducing risks associated with poor cardiovascular health.

Nitric Oxide Supplements Market - Opportunities

  • Product innovations and new product launches: Major nitric oxide supplement manufacturers are investing significantly in research and product innovations to develop novel formulations, unique ingredient combinations and better delivery formats. Sustained R&D in this field is leading to the introduction of supplements with improved absorption, bioavailability, and effectiveness. For instance, studies published in the European Journal of Sport Science in 2022 found nitric oxide assisted muscle recovery after high-intensity exercise by improving blood flow.
  • Growing popularity of e-commerce: The emerging e-commerce and m-commerce channels present immense opportunities for nitric oxide supplement brands to improve their distribution reach and strengthen customer engagement. Internet proliferation coupled with rising smartphone penetration has led to booming online sales of supplements. For instance, according to data from the United Nations Conference on Trade and Development (UNCTAD), the global e-commerce sales saw steady annual increases during the COVID-19 pandemic, growing from US$ 26.7 trillion in 2019 to US$ 27.7 trillion in 2020 and further projected to reach US$ 29 trillion in 2021.
  • Surging demand in developing nations: Developing economies like China, India, and Brazil etc. represent high-growth markets for nutritional supplements including nitric oxide boosters due to expanding middle-class and health-conscious population. For instance: According to the World Health Organization report published in 2022, non-communicable diseases caused approximately 74% of deaths in India in 2019. This growing disease burden along with increasing health expenses is reinforcing the need for cost-effective wellness products like nitric oxide supplements.
  • Increasing use in functional foods/beverages: The rising clean-label trend and demand for fortified F&B products is leading to growing usage of nitric oxide boosting ingredients like beetroot and L-arginine in foods and drinks. Expanding application in energy drinks, bars, smoothies, and athletic foods provides huge scope for market growth.
  • For instance, as per the 2021 report by the World Health Organization, cardiovascular diseases are the leading cause of death globally, taking over 18 million lives each year. Innovation and availability of cardiovascular-supporting foods and drinks in the market could hugely benefit public health outcomes.

Nitric Oxide Supplements Market - Restraints

  • Potential side effects in sensitive groups: While generally safe, nitric oxide supplements may cause headaches, nausea, flushed skin, etc. in some sensitive individuals when taken at very high doses for prolonged periods. This can make consumers wary of incorporating them into their daily routine. For instance, as per the 2020 report by American Heart Association, uncontrolled drops in blood pressure can cause dizziness, fainting, or even strokes in diabetics and cardiovascular patients.
  • Counter balance: Consumers should opt for high-quality supplements from reputable manufacturers that meet all the regulatory standards. This step can help avoid side effects that might arise from contaminants or inaccurately reported dosing.
  • Limited adoption in lower income groups: High costs and premium pricing of some branded nitric oxide supplements make them unaffordable for lower income and price-sensitive consumer groups, restraining adoption. This inhibits market growth in developing countries and regions with lower disposable incomes. For instance, as per data from the World Bank in 2022, around 32 million Americans lived below the poverty line. With limited disposable incomes, even relatively inexpensive supplements may be seen as extra and unnecessary expenses by low-income groups.
  • Counter balance: Explore partnerships with nonprofit organizations, healthcare providers, or government bodies that could subsidize the cost for lower-income individuals. This could involve creating a financial assistance program to make the supplements more affordable for those in need. Facilitate the development of generic versions of nitric oxide supplements that are more affordable than brand-name products. Generic supplements could be made available through government healthcare programs or at discounted pharmacies
  • Lack of awareness in developing regions: Despite strong growth prospects, the penetration of nitric oxide supplements remains low in developing countries like India, China etc. due to the lack of awareness about the role and benefits of nitric oxide. Misconceptions regarding safety and efficacy also prevail among more conservative consumer groups. For instance, as per data by World Bank, nearly 35% of the global population was living on income less than US$ 3.20 per day in 2020, limiting their options to pay for health supplements.
  • Counter balance: Partner with local healthcare providers, community leaders, and educators to develop and disseminate informational campaigns that highlight the potential benefits and uses of nitric oxide supplements. Work with health ministries and local health authorities to incorporate information on nitric oxide supplements into their public health programs. Ensuring that correct information is part of official guidelines can improve credibility and reach.

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