NEWARK, Del, Nov. 02, 2023 (GLOBE NEWSWIRE) -- The global creatine supplement market is set to be valued at US$ 501 million in 2023. It is expected to rise significantly, reaching a market valuation of US$ 923 million by 2033. It will likely exhibit a CAGR of 13.0% during the forecast period from 2023 to 2033.
The growing global demand for supplements is a key factor that will spur growth in the creatine supplement industry. The increasing popularity of supplements for neuroprotective benefits will also fuel creatine supplement demand during the forecast period.
Innovative marketing strategies adopted by key creatine supplement manufacturers are expected to boost the market during the forecast period. To increase brand preference and sales, creatine supplement manufacturers would use various marketing strategies.
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They would include using technology to encourage consumers to buy creatine supplements. These innovative marketing strategies are anticipated to propel the creatine supplement market forward.
For instance, according to the Food Science and Nutrition Journal, a clinical trial reported that the amino acid creatine can be an effective therapy for people suffering from post-COVID-19 fatigue syndrome, also known as long COVID. Creatine is a vital amino acid known for its significance in maintaining healthy muscles and the nervous system.
Internationalization and development of new varieties will create novel growth prospects for the market. As the world is becoming more of a global village, consumers are increasingly accepting dietary supplements from other countries, pushing the demand for creatine supplements.
Product diversity is becoming more popular due to the rising consumer interest in nutrient-rich products. Eastern, Europe, and the Middle East have grown in popularity in recent years, as supermarkets stock a wide variety of supplements from around the world.
Key Takeaways from the Creatine Supplement Market Report-
- The global creatine supplement market is expected to reach a valuation of US$ 923 million by 2033.
- Global demand for creatine supplements will likely soar at 13.0% CAGR over the forecast period.
- The United States is projected to hold a dominant value share of 23.5% in the global market by 2033.
- Germany's creatine supplement market is projected to reach a value share of 12.0% by 2033.
- China is estimated to witness a value share of 12.0% during the projection period.
“Brands that invest in engaging with consumers to study their requirements are set to push demand. These are expected to study factors such as the shifting preference for clean labels and organically sourced ingredients. Start-ups are anticipated to provide customized products according to specific protein intake ratios.” - says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
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Competitive Landscape
Alzchem Group, Muscle Feast, BioTrust, ON (Optimum Nutrition), Raw Barrel, N& R Industries, Merck KGaA, Tradichem, Central Drug House (CDH), Shanghai Biosundrug, Spectrum Chemical MFG CORP, and Bactolac Pharmaceutical are key creatine supplement manufacturers listed in the report. These companies are concentrating on expanding their portfolios by launching new products. They would also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.
For instance,
- In December 2020, Prorganiq, a leading health and fitness product manufacturer in India, introduced a wide range of supplements infused with creatine monohydrate. It is set to enhance endurance development and assist in lowering tiredness.
- In 2020, Optimum Nutrition announced plans to capitalize on a global initiative to encourage fitness in the United States. This initiative will include funding gyms and delivering products to hospitals.
Get More Valuable Insights into Creatine Supplement Market Report
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global creatine supplement market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study incorporates compelling insights on the creatine supplement market based on form (liquid, powder, tablet, capsules ), end-use (men, women, senior citizens), and sales channel (convenience store, specialty store, pharmacy store, online retail) across several regions.
Key Companies Profiled
- Alzchem Group
- Muscle Feast
- BioTrust
- ON (Optimum Nutrition)
- Raw Barrel
- N& R Industries
- Merck KGaA
- Tradichem
- Central Drug House (CDH)
- Shanghai Biosundrug
- Spectrum Chemical MFG CORP
- Bactolac Pharmaceutical
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Creatine Supplement Market Outlook by Category
By Form:
- Liquid
- Powder
- Tablet
- Capsules
By End-use:
- Men
- Women
- Senior Citizens
- Others
By Sales Channel:
- Convenience Stores
- Specialty Stores
- Pharmacy Stores
- Online Retail
- Other Sales Channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Author by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions, and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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- North American Dietary Supplements Market share are items containing dietary ingredients used to increase the nutritional value of the supplements. Many people utilize dietary supplements to help them live a healthy lifestyle. Dietary supplements essentially add missing elements to our diet and help us receive enough overall nutrition.
- In 2023, the probiotic supplements market demand is expected to be worth US$ 7,078.1 million. It is expected to reach US$ 23,977.9 million by 2033. From 2023 to 2033, the market is estimated to increase at a 13.0% CAGR.
- In 2023, the global digestive health supplements market growth will be worth US$ 17,160 million. With demand expected to grow at a 6% CAGR, the market will reach US$ 29,648.6 million over the forecast period.
- Calcium has become an increasingly popular bone and teeth supplement, particularly among older women, to avoid osteoporosis, a silent illness that causes bones to shrink and weaken, sometimes leading to fractures. The growing elderly population, shifting consumer lifestyles, and more emphasis on preventative care are some of the primary factors in the bone and teeth supplements market trend.
About the Food and Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations – the food and beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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