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 a variety of marketing strategies.
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They would include the use of 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, thereby pushing the demand for creatine supplements.
Product diversity is becoming more popular as a result of the rising consumer interest in nutrient-rich products. Eastern, Europe, and the Middle East have grown in terms of 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 marketis expected to reach a valuation of US$ 923 million by 2033.
- Global demand for creatine supplements will likely soar at 0% CAGRover the forecast period.
- The United States is projected to hold a dominant value share of 5% in the global market by 2033.
- Germany’s creatine supplement market is projected to reach a value share of 0% by 2033.
- China is estimated to witness a value share of 0% during the projection period.
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“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 emerge to provide customized products according to specific protein intake ratios.” – says a lead analyst at Future Market Insights (FMI).
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 the development of endurance 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.
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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.
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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