by The Nitric 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.
The Nitric Oxide Supplements Market provides supplements that release nitric oxide-a signaling molecule-either through isolated compounds called nitrates and nitrites or through dietary compounds such as beetroot and pomegranate known to naturally enhance nitric oxide levels. Nitric oxide supplements aim to promote cardiovascular and brain health by improving blood flow and lowering blood pressure.
Market Overview:
Nitric oxide supplements come in various forms including capsules, pills, powders and liquids. They aim to promote cardiovascular health by regulating blood pressure and improving circulation. As nitric oxide acts as a signaling molecule in the body, these supplements may also provide cognitive benefits by enhancing blood flow to the brain. They are popular among athletes and bodybuilders for their ability to enhance muscle pump during workouts.
Market key trends:
The Nitric Oxide Supplements Market Size is driven by rising awareness about the wide-ranging health benefits of nitric oxide. As a multifunctional molecule, nitric oxide has been shown to support cardiovascular health, brain health, exercise performance and immunity. The market is witnessing increased demand for natural nitric oxide boosters sourced from beetroot, pomegranate and other plant-based foods known to naturally enhance nitric oxide levels. Growing health consciousness and focus on preventive healthcare are propelling the adoption of nitric oxide supplements for their cardioprotective and neuroprotective effects.
Porter’s Analysis
Threat of new entrants: New entrants will face high capital requirements to enter the market given established distribution channels and customer loyalty towards existing brands. Bargaining power of buyers: Buyers have moderate bargaining power as there are several established brands to choose from. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitutes and bargaining power of buyers. Threat of new substitutes: New substitutes may emerge but there are limited substitutes for nitric oxide currently. Competitive rivalry: The market is competitive with products differentiated based on purity levels and applications.
SWOT Analysis
Strengths: Wide applications in healthcare sector and proven health benefits. Weaknesses: High costs of production and requirement of strict quality standards. Opportunities: Untapped growth potential in emerging markets and new therapeutic applications. Threats: Stringent regulatory frameworks and presence of substitute gases.
Key Takeaways
The global nitric oxide supplements market is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing demand from healthcare sector for various therapeutic applications. North America currently dominates the market and is expected to continue its dominance owing to rising incidence of chronic diseases and growing healthcare spending in the region.
The Asia Pacific region is expected to exhibit fastest growth over the coming years supported by growing medical tourism industry, rising healthcare standards and increasing patient pool suffering from cardiovascular and respiratory conditions in the region.
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, chemical and materials, defense and aerospace, consumer goods, etc.
