Hydroxymethylbutyrate Supplement Market
Hydroxymethylbutyrate Supplement Market By Form , (Powered , Tablets ), By End User , Gymnasts , Athletes , Individuals ,By Sales Channel , (Hospital Pharmacy , Drug Stores , retail pharmacy , convenience stores , online pharmacy)
Analysis of Hydroxymethylbutyrate Supplement Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hydroxymethylbutyrate Supplement Market and Forecast
With reference to Fact.MR latest report, Hydroxymethylbutyrate Supplement Market is estimated to propagate considerably in the forecast years and shall register more than 23.0% consumption share in North American market. Hydroxymethylbutyrate supplement demand will witness a surge with an optimistic growth outlook as rapidly increasing health concerns among the individuals.
Supplements containing hydroxymethylbutyrate have been promoted as health boosters, especially for athletes and physically active people. As people become more accustomed to eating unhealthy foods, demand for hydroxymethylbutyrate supplements, which are needed to provide adequate nutrition to the body and preserve cardiovascular health, is expected to rise.
What are the Driving Factors for Hydroxymethylbutyrate Supplement Market?
The rising trend among people to stay fit has encouraged market growth sanguinely. Around 28% of the males in the age group of 18-34 years skip their morning breakfast all around the globe leading to consumption of junk food. Increased consumption of unhealthy foods is expected to drive up demand for hydroxymethylbutyrate supplements, which are needed to provide adequate nutrition to the body while maintaining cardiovascular health.
The widespread availability of dietary supplements has been made possible by the integration of technology and the healthcare industry. The sports industry has seen a substantial rise in demand for hydroxymethylbutyrate as a result of a surge in health-conscious customers. Furthermore, due to their efficacy in increasing body weight and supporting muscle growth in people with AIDS, sales of these supplements are increasing.
Government and scientific approval for the use of hydroxymethylbutyrate supplements is expected to be a major factor moving the hydroxymethylbutyrate supplement market forward. In addition, the over-the-counter availability of hydroxymethylbutyrate supplement is expected to boost its popularity and sales in the coming years.
COVID-19 Impact on Hydroxymethylbutyrate Supplement Market?
Hydroxymethylbutyrate supplement market showed stringent growth during COVID-19. The market faced ramification due to the pandemic. The pandemic has hampered supply and demand, resulting in higher financial losses for production facilities.
The manufacturing industry's activities were relatively quiet around the world, which resulted in a substantial drop in annual sales. In addition, on the covid-19 graph, an outbreak can be seen, suggesting a simple turnaround of elevated cases. However, due to a massive increase in covid-19 cases in recent months, the global situation has become more pronounced than before.
The majority of hydroxymethylbutyrate is generated in China, the pandemic's epicenter. As a result, development has slowed, resulting in a wide demand-supply gap. However, due to the loss of lean body mass in COVID-19 patients, an increase in demand for nutritional hydroxymethylbutyrate supplements is expected to normalize hydroxymethylbutyrate market development.
Global Outlook of Hydroxymethylbutyrate Supplement Market
Taking account of the regional split, the market is divided into six prominent regions which is North America, Latin America, Europe, South Asia, East Asia and the Middle East and Africa.
Because of the large number of athletes and physical fitness enthusiasts in North America, the demand for hydroxymethylbutyrate is the largest. In the coming years, sales of HMB supplements are expected to be influenced by the rising number of obese people and their consequent tendency toward fitness activities.
APEJ's hydroxymethylbutyrate supplement market, which is second only to North America, has promising growth prospects, thanks to the growing number of gyms in China and India.
According to India Active, there are over two lakhs gyms, yoga center and fitness studio in India selling food supplement in the country. On the other side of the coin, Latin America, Europe and the Middle East and Asia market are expected market is expected to expand at a moderate pace.
The slow growth in this region is less percentage of people interested in physical activities. Three out of four women in Latin America is suffering from obesity or overweight condition. Recent studies have shown the Latin American girls gradually suffer from diabetes due to a sedentary lifestyle. All these factors are expected to increase the demand for hydroxymethylbutyrate supplements in forecast years.
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India and U.S Hydroxymethylbutyrate Supplement Trends
U.S hydroxymethylbutyrate supplement demand is highest owing to the fact of having highest per capita spending on sports supplement in past few years. 86% of American adults prefer taking vitamins or supplements in U.S According to American Osteopathic Association.
While India is surging its demand due to low cost because of simple raw material providing the consumer with an economical alternative to other health supplements.
Who are the Key Manufacturers of Hydroxymethylbutyrate Supplement Market?
The key players in the market are
- Double Wood Supplements
- Now Sports
- Bulk Supplements
- Core Nutritionals
- Infinite Labs
- Nutra Key
- Optimum Nutrition
- Glanbia Nutrition
- Holland & Barrett etc.
Manufacturers are continuously involved in the enhancement of product such as:
- Core Nutritionals has launched a new dietary supplement named Core Pro, which helps in the fast digestion of food by the easy breakdown of milk protein and sugar in glucose. To attract consumer towards its product the company has launched it in 5 different flavours such as peanut butter ice cream, Vanilla Cream etc.
- Gluten-free, soy-free and non-GMO hydroxymethylbutyrate supplement is being introduced by Double Wood Supplements ensuring the athletes and gymnastics' power production during strength training
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Hydroxymethylbutyrate Supplement Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Hospital Pharmacy
- Drug Stores
- retail pharmacy
- convenience stores
- online pharmacy
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- FAQs -
Hydroxymethylbutyrate supplement market is estimated to grow at a CAGR of 7.2% during the forecast period.
Demand for hydroxymethylbutyrate supplements likely to soar, with an optimistic prognosis for growth due to people's rising health concerns.
The U.S. is likely to be a region with lucrative opportunities for the hydroxymethylbutyrate supplement manufacturers.