The Global Nitric Oxide Supplements Market is estimated to be valued at US$ 810 million in 2023 and is expected to exhibit a CAGR of 10.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Nitric oxide supplements are products that contain the compound nitric oxide, which is naturally produced in the body and acts as a vasodilator. These supplements are used to improve athletic performance, increase muscle growth, and enhance endurance. The advantages of nitric oxide supplements include improved blood flow, increased oxygen and nutrient delivery to muscles, and reduced fatigue during workouts. The growing awareness about the benefits of nitric oxide supplements among athletes and fitness enthusiasts is driving the demand for these products.
Market Key Trends:
One key trend in the nitric oxide supplements market is the increasing use of these supplements among aging population for improving cardiovascular health. Nitric oxide plays a crucial role in the regulation of blood pressure and circulation, and its production tends to decrease with age. As a result, older adults may experience impaired cardiovascular function. Nitric oxide supplements can help improve blood flow, lower blood pressure, and reduce the risk of cardiovascular diseases in the aging population. This trend is expected to drive the growth of the nitric oxide supplements market in the coming years.
The nitric oxide supplements market can be segmented based on product type and distribution channel. Based on product type, the market can be divided into capsules, tablets, and powder. Among these segments, capsules are expected to dominate the market during the forecast period. This can be attributed to factors such as convenience, easy consumption, and increased shelf-life. Capsules are preferred by consumers as they offer accurate dosages and are easily absorbed by the body. The rising health consciousness among individuals and the growing demand for dietary supplements are also driving the dominance of the capsule segment.
On the basis of distribution channel, the market can be categorized into offline and online channels. Currently, offline channels hold the larger market share due to the widespread availability of these supplements in brick-and-mortar stores such as pharmacies and health stores. However, the online channel is expected to witness significant growth in the coming years, owing to factors such as the convenience of online shopping, a wide range of product options, and competitive pricing.
The Global Nitric Oxide Supplements Market is expected to witness high growth, exhibiting a CAGR of 10.2% over the forecast period. This growth can be attributed to several factors. Firstly, there is a growing awareness among individuals about the potential health benefits of nitric oxide supplements, such as improved cardiovascular health, increased exercise performance, and reduced muscle soreness. Additionally, the rising prevalence of lifestyle diseases and the increasing adoption of dietary supplements are contributing to the market growth.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the nitric oxide supplements market. This can be attributed to the increasing health consciousness among individuals, the high prevalence of cardiovascular diseases, and the presence of key market players in the region. Europe is also expected to witness significant growth, driven by factors such as the growing fitness industry and the rising aging population.
Key players operating in the nitric oxide supplements market include Thermo Fisher Scientific, Merck KGaA, GENERAL ELECTRIC, Horiba, Teledyne Analytical Instruments, Yokogawa Electric Corporation, Spectris, Emerson Electric Co., ABB, Honeywell International Inc, Siemens AG, AMETEK Inc, DKK-TOA CORPORATION, Drägerwerk AG & Co. KGaA, Analytical Systems Keco, ECD, Nova Analytical Systems, Shimadzu Corporation, and Servomex. These players are focusing on strategies such as product development, partnerships, and acquisitions to maintain a competitive edge in the market.