by The nitirc oxide supplements market is estimated to be valued at US$ 810 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Nitric oxide supplements are dietary supplements designed to deliver nitric oxide to the human body. They are typically marketed as providing benefits such as improving heart health, blood flow, exercise performance, and sexual function. Common forms of nitric oxide supplements include capsules, tablets, powders, and liquids. They generally contain ingredients such as L-arginine and nitrates that may increase nitric oxide levels when consumed.
Market Dynamics:
The Nitric Oxide Supplements Market Size is driven by growing popularity and rising awareness regarding potential health benefits of nitric oxide. Nitric oxide plays an important role in cardiovascular health by relaxing and dilating blood vessels. Supplements containing nitric oxide precursors aim to support cardiovascular function. Increasing incidence of cardiovascular diseases around the world is thus creating high demand for such supplements. Furthermore, nitric oxide is believed to boost exercise performance and endurance by improving circulation and delivery of oxygen and nutrients to muscles. Growing health-conscious consumer base and popularity of fitness trends are therefore fueling interest in nitric oxide supplements.
SWOT Analysis
Strengths:
– Growing geriatric population suffering from cardiovascular diseases and respiratory disorders is increasing the demand for nitric oxide supplements.
– Availability of abundant raw materials for manufacturing nitric oxide supplements is reducing production costs.
– Increasing awareness regarding health benefits of nitric oxide supplements is driving its adoption.
Weaknesses:
– Skepticism regarding long term safety and side effects of nitric oxide supplements.
– Significant Research and Development investments required for new product development.
Opportunities:
– Untapped growth opportunities in emerging markets of Asia Pacific and Latin America.
– Development of innovative delivery systems can help expand applications of nitric oxide supplements.
Threats:
– Stringent regulatory framework for approving new supplements.
– Threat of substitutes like herbal supplements and alternative therapies.
Key Takeaways
The global nitric oxide supplements market is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing prevalence of cardiovascular diseases and growing geriatric population worldwide.
Regional analysis:
North America region currently dominates the nitric oxide supplements market accounting for more than 35% of the global market share in 2023. This is attributed to growing healthcare expenditure and increasing adoption of dietary supplements in the region. The Asia Pacific region is expected to witness fastest growth, exhibiting a CAGR of over 12% during 2023 – 2030. This growth can be attributed to rising living standards and growing health awareness in emerging economies of China and India.
Key players:
Key players operating in the nitric oxide supplements market are 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, Servomex, Adev
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
