Global Bodybuilding Supplements Market Size By Product Type, By Distribution Channel, By Geographic Scope And Forecast

Report ID: 424536|No. of Pages: 202

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Global Bodybuilding Supplements Market Size By Product Type, By Distribution Channel, By Geographic Scope And Forecast

Report ID: 424536|Published Date: Jul 2024|No. of Pages: 202|Base Year for Estimate: 2023|Format:   Report available in PDF formatReport available in Excel Format

Bodybuilding Supplements Market Size And Forecast

Bodybuilding Supplements Market size was valued at USD 22.31 Billion in 2023 and is projected to reach USD 38.12 Billion by 2031, growing at a CAGR of 7.9% during the forecast period 2024-2031.

Bodybuilding Supplements Market is estimated to grow at a CAGR of 7.9% & reach US$ 38.12 Bn by the end of 2031

Global Bodybuilding Supplements Market Drivers

  • Increasing Health and Fitness Awareness: Growing awareness about health and fitness, coupled with the rising popularity of a healthy lifestyle, is driving the demand for bodybuilding supplements.
  • Rising Disposable Income: Increasing disposable income, especially in emerging economies, is enabling consumers to spend more on health and wellness products, including bodybuilding supplements.
  • Growth of Fitness Centers and Gyms: The proliferation of fitness centers and gyms globally is boosting the demand for bodybuilding supplements among fitness enthusiasts and athletes.
  • Influence of Social Media and Celebrities: Social media platforms and endorsements by celebrities and fitness influencers are significantly impacting consumer preferences and driving the demand for bodybuilding supplements.
  • Advancements in Supplement Formulations: Continuous innovation and research in supplement formulations, including the development of more effective and convenient products, are attracting more consumers.
  • Rising Prevalence of Lifestyle Diseases: Increasing incidence of lifestyle diseases such as obesity and diabetes is pushing consumers towards fitness and dietary supplements to manage their health.
  • Youth Population and Urbanization: A growing youth population, particularly in urban areas, with a strong focus on physical appearance and fitness, is driving the market for bodybuilding supplements.
  • Increasing Sports Participation: Rising participation in sports and athletic activities is leading to higher demand for performance-enhancing and recovery supplements among athletes.
  • Growing E-commerce Platforms: The expansion of e-commerce platforms has made it easier for consumers to access a wide range of bodybuilding supplements, driving market growth.
  • Government Initiatives and Campaigns: Government initiatives and public health campaigns promoting physical fitness and a healthy lifestyle are supporting the growth of the bodybuilding supplements market.

Global Bodybuilding Supplements Market Restraints

  • High Cost of Supplements: The high cost of premium bodybuilding supplements can be a barrier for many consumers, particularly in developing regions.
  • Regulatory Challenges: Stringent regulations and compliance requirements for the manufacturing and marketing of dietary supplements can hinder market growth.
  • Potential Side Effects: Concerns about the potential side effects and long-term health impacts of certain supplements can deter consumers from using them.
  • Counterfeit Products: The prevalence of counterfeit and substandard products in the market can affect consumer trust and market growth.
  • Lack of Awareness and Knowledge: Limited awareness and understanding of the benefits and proper usage of bodybuilding supplements can restrict their adoption.
  • Cultural and Regional Differences: Cultural attitudes and preferences towards dietary supplements can vary significantly across regions, affecting market penetration.
  • Economic Uncertainty: Economic downturns and financial instability can reduce consumer spending on non-essential items, including bodybuilding supplements.
  • Market Saturation: The high level of competition and market saturation, particularly in developed regions, can make it challenging for new entrants to establish themselves.
  • Dependence on Marketing: The market’s heavy reliance on marketing and branding can lead to misleading claims and consumer skepticism.
  • Diet and Nutrition Trends: Changing diet and nutrition trends, such as the popularity of natural and organic foods, can impact the demand for synthetic supplements.

Global Bodybuilding Supplements Market Segmentation Analysis

The Global Bodybuilding Supplements Market is Segmented on the basis of Product Type, Distribution Channel, End User, and Geography.

Bodybuilding Supplements Market Segmentation Analysis

Bodybuilding Supplements Market, By Product Type

  • Protein Supplements
  • Amino Acids
  • Creatine
  • Pre-Workout Supplements
  • Post-Workout Supplements
  • Fat Burners
  • Testosterone Boosters

The bodybuilding supplements market is segmented based on the type of product, each tailored to specific fitness goals and physiological needs. The main market segment, “Bodybuilding Supplements Market, By Product Type,” covers a broad spectrum of products designed to enhance muscle growth, improve workout performance, and aid in recovery. Protein supplements form a vital subsegment, as they provide essential building blocks for muscle repair and growth, catering to various forms such as whey, casein, and plant-based proteins.

Amino acids, another crucial subsegment, include essential, branched-chain, and other amino acids that facilitate protein synthesis and muscular endurance. Creatine, recognized for its efficacy in boosting strength and power output, stands as an integral subsegment for those looking to enhance cellular energy and improve high-intensity exercise performance. Pre-workout supplements are formulated to elevate energy levels, focus, and stamina before training sessions, typically containing caffeine, nitric oxide boosters, and other stimulants.

Post-workout supplements, on the other hand, aim to expedite recovery by restoring glycogen levels and reducing muscle soreness, often encompassing ingredients like carbohydrates, electrolytes, and anti-inflammatory agents. Fat burners, focusing on weight management and thermogenesis, help in metabolizing body fat thereby improving muscle definition and overall physique. Finally, testosterone boosters are designed to naturally elevate testosterone levels, which can contribute to increased muscle mass, strength, and recovery rates. Understanding these subsegments allows consumers and professionals to tailor supplementation to specific fitness regimens and goals, driving the nuanced demand and innovation within the bodybuilding supplements market.

Bodybuilding Supplements Market, By Distribution Channel

  • Online Stores
  • Specialty Stores
  • Supermarkets/Hypermarkets
  • Pharmacies
  • Fitness Centers and Gyms

The Bodybuilding Supplements Market, organized by distribution channel, encompasses a diverse set of subsegments, each contributing uniquely to the overall sales and accessibility of products. In the subsegment of Online Stores, consumers benefit from the convenience, variety, and often competitive pricing available through digital platforms, which continue to gain traction amid rising e-commerce

trends.Specialty Stores focus on offering expert advice and a curated selection of high-quality supplements, catering to serious athletes and bodybuilding enthusiasts who seek both guidance and specialized products. Supermarkets/Hypermarkets introduce bodybuilding supplements to a broad consumer base within everyday shopping environments, promoting impulse purchases and enhancing brand visibility. Pharmacies provide a unique value through trusted, regulated environments where consumers can buy supplements alongside other health products, often enhanced by pharmacists’ professional advice.

Fitness Centers and Gyms present an on-site sales channel where supplements are directly marketed to a highly targeted audience actively engaged in fitness routines, thereby boosting immediate consumption and localized brand affinity. Each subsegment within this market offers distinct advantages and taps into varied consumer behaviors and preferences, ensuring comprehensive market coverage and meeting diverse consumer needs across the spectrum of bodybuilding supplement users.

Bodybuilding Supplements Market, By End User

  • Men
  • Women
  • Youth
  • Elderly

The bodybuilding supplements market is strategically segmented by end users to cater to the distinct needs and preferences of specific consumer groups, enhancing market targeting and product development strategies. The primary end-user segments in this market include men, women, youth, and the elderly, each with unique physiological requirements and consumption patterns.For men, bodybuilding supplements focus on supporting muscle mass gain, increasing testosterone levels, and improving overall physical performance, reflecting the demographic’s inclination towards strength and mass building.

Women-specific supplements are often formulated to be lower in calories and fats, yet high in proteins and essential vitamins, aimed at enhancing lean muscle tone, boosting energy, and accounting for hormonal balances. The youth sub-segment, comprising teenagers and young adults, emphasizes safe and balanced formulations that support growth, development, and active lifestyles, often with guidance on proper usage to avoid adverse effects. In the elderly sub-segment, products are curated to aid muscle retention, improve bone health, and enhance overall vitality, addressing age-related muscle degradation and metabolic changes.

By focusing on these distinctive end-user profiles, the bodybuilding supplements market can provide tailored nutritional solutions that meet the specific health goals and lifestyle needs of each group, thereby optimizing product efficacy and consumer satisfaction. This segmentation underlines the industry’s responsiveness to diverse demographic demands, paving the way for specialized marketing strategies and innovations in supplement formulations.

Bodybuilding Supplements Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

The bodybuilding supplements market is strategically segmented by end users to cater to the distinct needs and preferences of specific consumer groups, enhancing market targeting and product development strategies. The primary end-user segments in this market include men, women, youth, and the elderly, each with unique physiological requirements and consumption patterns. For men, bodybuilding supplements focus on supporting muscle mass gain, increasing testosterone levels, and improving overall physical performance, reflecting the demographic’s inclination towards strength and mass building.

Women-specific supplements are often formulated to be lower in calories and fats, yet high in proteins and essential vitamins, aimed at enhancing lean muscle tone, boosting energy, and accounting for hormonal balances. The youth sub-segment, comprising teenagers and young adults, emphasizes safe and balanced formulations that support growth, development, and active lifestyles, often with guidance on proper usage to avoid adverse effects.

In the elderly sub-segment, products are curated to aid muscle retention, improve bone health, and enhance overall vitality, addressing age-related muscle degradation and metabolic changes. By focusing on these distinctive end-user profiles, the bodybuilding supplements market can provide tailored nutritional solutions that meet the specific health goals and lifestyle needs of each group, thereby optimizing product efficacy and consumer satisfaction. This segmentation underlines the industry’s responsiveness to diverse demographic demands, paving the way for specialized marketing strategies and innovations in supplement formulations.

Key Players

The major players in the Bodybuilding Supplements Market are:

  • Optimum Nutrition (ON)
  • MusclePharm Corporation
  • BSN (Bio-Engineered Supplements & Nutrition, Inc.)
  • Cellucor (Nutrabolt)
  • Universal Nutrition
  • MuscleTech (Iovate Health Sciences)
  • Dymatize Nutrition
  • BPI Sports
  • GNC Holdings, Inc.
  • EVLUTION Nutrition

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Optimum Nutrition (ON), MusclePharm Corporation, BSN (Bio-Engineered Supplements & Nutrition, Inc.), Cellucor (Nutrabolt), Universal Nutrition, MuscleTech (Iovate Health Sciences), Dymatize Nutrition, BPI Sports, GNC Holdings, Inc, EVLUTION Nutrition.

SEGMENTS COVERED

By Product Type, By Distribution Channel, By End User, and By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Bodybuilding Supplements Market was valued at USD 22.31 Billion in 2023 and is projected to reach USD 38.12 Billion by 2031, growing at a CAGR of 7.9% during the forecast period 2024-2031.

Increasing Health and Fitness Awareness, Rising Disposable Income, Growth of Fitness Centers and Gyms and Influence of Social Media and Celebrities are the factors driving the growth of Bodybuilding Supplements Market.

The Major Players in the Bodybuilding Supplements Market are Optimum Nutrition (ON), MusclePharm Corporation, BSN (Bio-Engineered Supplements & Nutrition, Inc.), Cellucor (Nutrabolt), Universal Nutrition, MuscleTech (Iovate Health Sciences), Dymatize Nutrition, BPI Sports, GNC Holdings, Inc, EVLUTION Nutrition.

The Bodybuilding Supplements is segmented based on Product Type, Distribution Channel, End User, and  Geography.

The sample report for the Bodybuilding Supplements Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
•  Market Definition
•  Market Segmentation
•  Research Methodology

2. Executive Summary
• Key FindingsMarket Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Bodybuilding Supplements Market, By Product Type
• Online Stores
• Specialty Stores
• Supermarkets/Hypermarkets
• Pharmacies
• Fitness Centers and Gyms

5. Bodybuilding Supplements Market, By Organization Size
• Men
• Women

6. Bodybuilding Supplements Market, By End User
• IT and Telecom
• BFSI
• Youth
• Legal Services
• Elderly

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
Europe
United Kingdom
• Germany
• France
• Italy
Asia-Pacific
China
• Japan
• India
• Australia
Latin America
Brazil
• Argentina
• Chile
Middle East and Africa
South Africa
• Saudi Arabia
• UAE

8. Competitive Landscape
• Key Players
• Market Share Analysis

9. Company Profiles
• Optimum Nutrition (ON)
• MusclePharm Corporation
• BSN (Bio-Engineered Supplements & Nutrition, Inc.)
• Cellucor (Nutrabolt)
• Universal Nutrition
• MuscleTech (Iovate Health Sciences)
• Dymatize Nutrition
• BPI Sports
• GNC Holdings, Inc.
• EVLUTION Nutrition

10. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

11. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Bodybuilding Supplements Market

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