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

The global workout supplements market has been witnessing steady growth over the past few years. Workout supplements include products that are consumed to enhance physical performance during exercise and assist in achieving fitness goals. Protein powders, pre-workout supplements, weight gainers, Branched-chain amino acids (BCAAs), and fitness supplements are some commonly used products. Rising health awareness and a growing gym culture have encouraged people to opt for an active lifestyle. Moreover, the expansion of fitness sectors, coupled with the convenient accessibility of supplements via online retail platforms, has amplified the request for a wide array of exercise-related goods. However, uncertainty regarding product quality and the high cost of some supplements remains a challenge for widespread adoption. Overall, the workout supplement market is expected to continue flourishing in the coming years, driven by evolving consumer preferences for fitness.

 Market Dynamics:

The key growth drivers for the global workout supplements market include rising health consciousness among consumers, an expanding urbanized population, increasing youth inclination towards fitness, a surging number of gyms and fitness centers, and the proliferation of platforms promoting wellness lifestyles. Additionally, aggressive social media marketing by prominent brands and the availability of multipurpose supplements catering to various needs are further propelling market growth. On the other hand, quality concerns due to a lack of stringent regulations, high pricing of some supplements, and side effects associated with overconsumption are restricting the overall expansion of the industry. Moreover, the availability of alternatives like herbal supplements presents a major challenge. Nevertheless, innovations in formulations, a focus on women segment and development of vegan & allergen-free products are opening new opportunities.

Key features of the study:

• This report provides in-depth analysis of the global workout supplements market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global workout supplements market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study BSN, Finaflex, EFX Sports, Nutrex Research, SynTech Nutrition, BPI Sports LLC, Nutrabolt, JNX Sports, SAN and eFlow Nutrition LLC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global workout supplement market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global workout supplements market

Detailed Segmentation:

• Global Workout Supplements Market, By Form
  • Powder
  • Capsule/Tablets
  • Ready to Drink
• Global Workout Supplements Market, By Distribution Channel
  • Online
  • Offline
• Global Workout Supplements Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Top Companies in the Global Workout Supplements Market:
  • BSN 
  • Finaflex
  • EFX Sports
  • Nutrex Research
  • SynTech Nutrition
  • BPI Sports LLC
  • Nutrabolt
  • JNX Sports
  • SAN
  • eFlow Nutrition LLC.