Published Date: 14-May-2020
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According to a new report Global Pre-Workout Supplements Market, published by KBV research, The Global Pre-Workout Supplements Market size is expected to reach $21.2 billion by 2026, rising at a market growth of 10.7% CAGR during the forecast period. The demand is expected to expand dramatically over the projected years due to the growing value of healthy lifestyles, expanded understanding of protein benefits, and an increasing number of health and fitness centers. In fact, users participating in rigorous workouts favor pre-workout supplementation because it facilitates the dilation of blood vessels allowing more oxygen to be provided to muscles resulting in improved efficiency.
The powder is expected to have the highest market share in 2019 and is predicted to maintain its domination over the forecast period. Owing to its easy availability and use, the popularity of pre-workout powder supplements among users is strong. Consumers have problems swallowing capsules/tablets resulting in a shift of inclination towards powder form. Ready to drink is expected to be the fastest growing segment in the forecast period due to increasing popularity and hectic lifestyle. These are pre-formulated beverages that do not need more mixing, which is also a major driver of consumer demand.
The offline segment accounted for the highest market share in the pre-workout supplements market. Growing numbers of retail stores such as GNC, Vitamin Shoppe, Nutrishop, and Walmart are opting for offline outlets as they help businesses extend their reach and improve their brand. Online channel is expected to be the fastest growing segment over the forecast period due to the availability of a wide variety of online products.
The North America market dominated the Global Pre-Workout Supplements Market by Region in 2019. The Asia Pacific is projected to be the fastest growing region in 2019 and is anticipated to increase at a substantial pace over the forecast period. Changing consumer tastes for nutritious products, increasing the number of fitness centers and wellness facilities, and growing knowledge of wellness are some of the main reasons responsible for demand growth in the country. The Europe market is expected to witness a CAGR of 10.3% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/pre-workout-supplements-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of MusclePharm Corporation, Nutrex Research, Inc., BPI Sports, LLC, Beast Sports Nutrition, GAT Sport, SynTech Nutrition (Medix Laboratories NV), Magnum Nutraceuticals, EFX Sports, ALLMAX Nutrition, Inc., Nutrabolt Corporation.
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