Global muscle recovery powder market set for significant growth driven by fitness trend
From GlobeNewswire: 2024-12-11 10:59:00
According to Fact.MR, the global muscle recovery powder market is set to reach a valuation of US$ 8.3 billion in 2024, with a projected CAGR of 7.9% from 2024 to 2034. The market is expanding rapidly due to the increased interest in fitness and sports nutrition, driving the demand for effective recovery solutions.
Consumers are turning to more efficient and functional recovery solutions, with a focus on natural and plant-based varieties. The market is also benefiting from the shift towards e-retailing, making these products more accessible. As the health and fitness trend continues to grow, the muscle recovery powder market is on an upward trajectory.
The global muscle recovery powder market is expected to grow at a CAGR of 7.9% and reach US$ 16.9 billion by 2034. North America is projected to hold a market share of 24.3% in 2034. Key players in the market include BPI Sports, Dymatize Nutrition, MuscleTech, and Optimum Nutrition (ON). Whey protein products are estimated to grow at a CAGR of 7.4%, creating an absolute $ opportunity of US$ 3.1 million between 2024 and 2034.
Major players in the muscle recovery powder market are diversifying their products to meet the diverse dietary preferences of consumers. New formulations are being introduced, including plant-based options and allergen-free powders fortified with proteins, BCAAs, and electrolytes. The market is driven by the increasing interest in fitness, resulting in a rise in gym-goers and consumers seeking effective recovery solutions.
Leading companies in the global muscle recovery powder market, such as MuscleTech and Optimum Nutrition (ON), are investing heavily in research and development to offer innovative solutions that cater to the evolving needs of consumers. These companies are also developing tailored offerings to differentiate themselves from competitors and meet industry-specific demands. In May 2023, MuscleTech expanded its distribution to over 125 countries and announced a partnership with Sport Life Distribution.
The global sports supplement market is projected to reach US$ 8.92 billion in 2024, with a CAGR of 12.1% from 2024 to 2034. The global performance nutrition market is set to achieve a market value of over US$ 72.1 billion by 2033, driven by strong growth in hydration and energy boosters. The whey protein concentrate market is expected to reach US$ 6.7 billion by 2033, with a CAGR of 5.5%.
The global functional bar market is anticipated to reach US$ 3.14 billion by 2034, reflecting a CAGR of 4.5% from 2024 to 2034. The global bioactive protein and peptide market is projected to grow to US$ 172.86 billion by 2034, with a CAGR of 9.3%. These markets are driven by increasing consumer demand for convenient and nutritious snacking solutions.
Read more at GlobeNewswire: Muscle Recovery Powder Market Set for Massive Growth,