Agmatine Market
Agmatine Market Forecasts to 2030 - Global Analysis By Form (Capsules and Powder), Sales Channel (Specialty Stores, Drug Stores, Health & Beauty Stores, Third-party Online Channels and Other Sales Channels), Application (Supplements & Neutraceuticals, Pharmaceutical and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $59.7 MN |
|
Projected Year Value (2030) |
US $121.6 MN |
|
CAGR (2023 - 2030) |
10.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Agmatine Market is accounted for $59.7 million in 2023 and is expected to reach $121.6 million by 2030 growing at a CAGR of 10.7% during the forecast period. The agmatine market refers to the global trade and consumption of agmatine sulfate, a compound derived from the amino acid arginine. Agmatine has gained attention for its potential health benefits, including its role in enhancing athletic performance, managing pain, and supporting cognitive function. It is utilized for its potential neuroprotective properties, making it a promising candidate for the treatment of neurological disorders like neuropathic pain and depression.
According to the World Health Organization, chronic diseases are the major cause of death globally with around 41 million deaths each year equivalent to 74% of total deaths globally, and around 17 million out of these deaths take place before age 70.
Market Dynamics:
Driver:
Popularity of sports and fitness activities
The popularity of sports and fitness activities serves as a driver of the agmatine market due to the compound's perceived benefits in enhancing athletic performance and recovery. Athletes and fitness enthusiasts are continually seeking ways to optimize their training regimens and improve their physical capabilities, leading to a growing demand for supplements like agmatine. Agmatine's purported ability to increase nitric oxide production, improve blood flow, and enhance endurance and muscle pump makes it particularly attractive to this demographic. Moreover, as individuals become increasingly focused on achieving their fitness goals and maintaining overall well-being, they are more inclined to incorporate nutritional supplements into their routines, further propelling the demand for agmatine products.
Restraint:
Price sensitivity
Agmatine often come at a premium price compared to other nutritional products, which can deter price-conscious consumers from purchasing them regularly. This pricing dynamic may limit the market's growth potential, especially among individuals who prioritize cost-effectiveness in their healthcare spending. In markets where alternatives offering similar benefits are available at lower prices, agmatine products may struggle to gain traction. However, manufacturers and marketers in the agmatine market face the challenge of balancing product quality and efficacy with affordability to appeal to a broader consumer base.
Opportunity:
Focus on preventive healthcare
With rising awareness of the importance of maintaining optimal health to prevent diseases and promote longevity, there's a growing interest in supplements like agmatine that offer potential health benefits beyond basic nutrition. Agmatine's purported neuroprotective properties, along with its role in supporting cardiovascular health, managing pain, and enhancing cognitive function, align well with the goals of preventive healthcare. As individuals seek ways to enhance their overall well-being and reduce the risk of chronic conditions, they are turning to dietary supplements as a complementary approach to their healthcare regimen.
Threat:
Limited clinical evidence
While preliminary research suggests potential health benefits, including neuroprotection, pain management, and cognitive enhancement, the lack of robust clinical trials and comprehensive studies leaves uncertainties regarding its efficacy and safety. Without sufficient scientific validation, consumers, healthcare professionals, and regulatory bodies may remain cautious about recommending or approving agmatine products, limiting market growth. However, the absence of conclusive evidence may lead to skepticism among potential consumers, deterring them from investing in agmatine supplements.
Covid-19 Impact:
There has been a surge in demand for dietary supplements, including agmatine, as consumers have become increasingly health-conscious and focused on boosting their immunity. This trend has been driven by concerns about maintaining overall wellness and resilience against the virus. The pandemic has also disrupted global supply chains and manufacturing operations, leading to challenges in sourcing raw materials and producing finished products. However, economic uncertainties and changes in consumer spending patterns have influenced purchasing behaviors, with some individuals prioritizing essential goods over discretionary purchases like dietary supplements.
The powder segment is expected to be the largest during the forecast period
Powder segment is prophesied to witness the largest share of the market during the overcast period as it offers convenience and versatility, allowing consumers to easily mix them into beverages or incorporate them into recipes, catering to diverse preferences and lifestyles. This ease of use enhances the appeal of agmatine products, particularly among individuals seeking simple and customizable ways to integrate nutritional supplements into their daily routines. Additionally, powdered formulations often provide higher concentrations of agmatine per serving compared to other formats, offering better value for money and potentially attracting cost-conscious consumers.
The drug stores segment is expected to have the highest CAGR during the forecast period
Drug Stores segment is positioned to hold profitable growth throughout the domination period. As agmatine gains recognition in this segment for its potential health benefits, such as pain relief, mood enhancement, and cognitive improvement, it becomes increasingly sought after by consumers looking for natural alternatives. Drug stores, leveraging their widespread presence and consumer trust, actively stock and promote agmatine products, thereby driving demand.
Region with largest share:
Due to favorable regulatory standards, changes in laws pertaining to dietary supplements and nutritional ingredients that promote their use and consumption, and a growing emphasis on examining the product's potential for neuroprotective and mood-enhancing properties, the Asia-Pacific region is anticipated to hold the largest share during the projection period. The demand for products containing agmatine in the region where these characteristics are increasing can be influenced by economic factors such as GDP growth, levels of disposable income, and consumer purchasing patterns.
Region with highest CAGR:
Asia Pacific is expected to witness lucrative growth over the extrapolated period. Regulatory bodies are increasingly acknowledging the safety and efficacy of agmatine in pharmaceuticals, dietary supplements, and agriculture, which is instilling confidence among manufacturers and consumers alike. Streamlined approval processes and clear guidelines regarding the use of agmatine are facilitating its incorporation into products, thereby driving market growth in the region. Additionally, supportive policies aimed at promoting research and innovation in the region is encouraging investment in R&D activities related to agmatine, leading to the development of new applications and production methods.
Key players in the market
Some of the key players in Agmatine market include Ajinomoto Co., Inc, Douglas Laboratories, Dymatize Nutrition, Glanbia Nutritionals, Jarrow Formulas, Metabolic Maintenance, NOW Foods Inc, Nutrabio Inc, Prinova Group LLC and Swanson Health.
Key Developments:
In August 2023, Hi-Tech Pharmaceuticals, unveiled its new KRANK3D pre-workout supplement, that utilizes the novel approach called Arginase Inhibition. It is mainly designed to accelerate muscle growth through creating a feeding pool flourishing with compounds.
In April 2023, Bucked Up, a leading sports nutrition and lifestyle brand, announced the launch of a first-of-its-kind pre-workout product called Pixie Pump. The newly developed product includes agmatine, nitrosigine, Vitamin B6, Vitamin B12, and Himalayan rock salt, and is free from caffeine.
In January 2022, Dr. Riggs Rhelief, introduced its new revolutionary functional herbal beverage powder, which offers significant pain relief within just a few minutes and is also quickly absorbed into the bloodstream. The newly launched beverage contains the amino acid arginine, which is metabolized into agmatine and ornithine, resulting in less nerve pain.
Forms Covered:
• Capsules
• Powder
Sales Channels Covered:
• Specialty Stores
• Drug Stores
• Health & Beauty Stores
• Third-party Online Channels
• Other Sales Channels
Applications Covered:
• Supplements & Nutraceuticals
• Pharmaceutical
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Agmatine Market, By Form
5.1 Introduction
5.2 Capsules
5.3 Powder
6 Global Agmatine Market, By Sales Channel
6.1 Introduction
6.2 Specialty Stores
6.3 Drug Stores
6.4 Health & Beauty Stores
6.5 Third-party Online Channels
6.6 Other Sales Channels
7 Global Agmatine Market, By Application
7.1 Introduction
7.2 Supplements & Neutraceuticals
7.3 Pharmaceutical
7.4 Other Applications
8 Global Agmatine Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Ajinomoto Co., Inc
10.2 Douglas Laboratories
10.3 Dymatize Nutrition
10.4 Glanbia Nutritionals
10.5 Jarrow Formulas
10.6 Metabolic Maintenance
10.7 NOW Foods Inc
10.8 Nutrabio Inc
10.9 Prinova Group LLC
10.10 Swanson Health
List of Tables
1 Global Agmatine Market Outlook, By Region (2021-2030) ($MN)
2 Global Agmatine Market Outlook, By Form (2021-2030) ($MN)
3 Global Agmatine Market Outlook, By Capsules (2021-2030) ($MN)
4 Global Agmatine Market Outlook, By Powder (2021-2030) ($MN)
5 Global Agmatine Market Outlook, By Sales Channel (2021-2030) ($MN)
6 Global Agmatine Market Outlook, By Specialty Stores (2021-2030) ($MN)
7 Global Agmatine Market Outlook, By Drug Stores (2021-2030) ($MN)
8 Global Agmatine Market Outlook, By Health & Beauty Stores (2021-2030) ($MN)
9 Global Agmatine Market Outlook, By Third-party Online Channels (2021-2030) ($MN)
10 Global Agmatine Market Outlook, By Other Sales Channels (2021-2030) ($MN)
11 Global Agmatine Market Outlook, By Application (2021-2030) ($MN)
12 Global Agmatine Market Outlook, By Supplements & Neutraceuticals (2021-2030) ($MN)
13 Global Agmatine Market Outlook, By Pharmaceutical (2021-2030) ($MN)
14 Global Agmatine Market Outlook, By Other Applications (2021-2030) ($MN)
15 North America Agmatine Market Outlook, By Country (2021-2030) ($MN)
16 North America Agmatine Market Outlook, By Form (2021-2030) ($MN)
17 North America Agmatine Market Outlook, By Capsules (2021-2030) ($MN)
18 North America Agmatine Market Outlook, By Powder (2021-2030) ($MN)
19 North America Agmatine Market Outlook, By Sales Channel (2021-2030) ($MN)
20 North America Agmatine Market Outlook, By Specialty Stores (2021-2030) ($MN)
21 North America Agmatine Market Outlook, By Drug Stores (2021-2030) ($MN)
22 North America Agmatine Market Outlook, By Health & Beauty Stores (2021-2030) ($MN)
23 North America Agmatine Market Outlook, By Third-party Online Channels (2021-2030) ($MN)
24 North America Agmatine Market Outlook, By Other Sales Channels (2021-2030) ($MN)
25 North America Agmatine Market Outlook, By Application (2021-2030) ($MN)
26 North America Agmatine Market Outlook, By Supplements & Neutraceuticals (2021-2030) ($MN)
27 North America Agmatine Market Outlook, By Pharmaceutical (2021-2030) ($MN)
28 North America Agmatine Market Outlook, By Other Applications (2021-2030) ($MN)
29 Europe Agmatine Market Outlook, By Country (2021-2030) ($MN)
30 Europe Agmatine Market Outlook, By Form (2021-2030) ($MN)
31 Europe Agmatine Market Outlook, By Capsules (2021-2030) ($MN)
32 Europe Agmatine Market Outlook, By Powder (2021-2030) ($MN)
33 Europe Agmatine Market Outlook, By Sales Channel (2021-2030) ($MN)
34 Europe Agmatine Market Outlook, By Specialty Stores (2021-2030) ($MN)
35 Europe Agmatine Market Outlook, By Drug Stores (2021-2030) ($MN)
36 Europe Agmatine Market Outlook, By Health & Beauty Stores (2021-2030) ($MN)
37 Europe Agmatine Market Outlook, By Third-party Online Channels (2021-2030) ($MN)
38 Europe Agmatine Market Outlook, By Other Sales Channels (2021-2030) ($MN)
39 Europe Agmatine Market Outlook, By Application (2021-2030) ($MN)
40 Europe Agmatine Market Outlook, By Supplements & Neutraceuticals (2021-2030) ($MN)
41 Europe Agmatine Market Outlook, By Pharmaceutical (2021-2030) ($MN)
42 Europe Agmatine Market Outlook, By Other Applications (2021-2030) ($MN)
43 Asia Pacific Agmatine Market Outlook, By Country (2021-2030) ($MN)
44 Asia Pacific Agmatine Market Outlook, By Form (2021-2030) ($MN)
45 Asia Pacific Agmatine Market Outlook, By Capsules (2021-2030) ($MN)
46 Asia Pacific Agmatine Market Outlook, By Powder (2021-2030) ($MN)
47 Asia Pacific Agmatine Market Outlook, By Sales Channel (2021-2030) ($MN)
48 Asia Pacific Agmatine Market Outlook, By Specialty Stores (2021-2030) ($MN)
49 Asia Pacific Agmatine Market Outlook, By Drug Stores (2021-2030) ($MN)
50 Asia Pacific Agmatine Market Outlook, By Health & Beauty Stores (2021-2030) ($MN)
51 Asia Pacific Agmatine Market Outlook, By Third-party Online Channels (2021-2030) ($MN)
52 Asia Pacific Agmatine Market Outlook, By Other Sales Channels (2021-2030) ($MN)
53 Asia Pacific Agmatine Market Outlook, By Application (2021-2030) ($MN)
54 Asia Pacific Agmatine Market Outlook, By Supplements & Neutraceuticals (2021-2030) ($MN)
55 Asia Pacific Agmatine Market Outlook, By Pharmaceutical (2021-2030) ($MN)
56 Asia Pacific Agmatine Market Outlook, By Other Applications (2021-2030) ($MN)
57 South America Agmatine Market Outlook, By Country (2021-2030) ($MN)
58 South America Agmatine Market Outlook, By Form (2021-2030) ($MN)
59 South America Agmatine Market Outlook, By Capsules (2021-2030) ($MN)
60 South America Agmatine Market Outlook, By Powder (2021-2030) ($MN)
61 South America Agmatine Market Outlook, By Sales Channel (2021-2030) ($MN)
62 South America Agmatine Market Outlook, By Specialty Stores (2021-2030) ($MN)
63 South America Agmatine Market Outlook, By Drug Stores (2021-2030) ($MN)
64 South America Agmatine Market Outlook, By Health & Beauty Stores (2021-2030) ($MN)
65 South America Agmatine Market Outlook, By Third-party Online Channels (2021-2030) ($MN)
66 South America Agmatine Market Outlook, By Other Sales Channels (2021-2030) ($MN)
67 South America Agmatine Market Outlook, By Application (2021-2030) ($MN)
68 South America Agmatine Market Outlook, By Supplements & Neutraceuticals (2021-2030) ($MN)
69 South America Agmatine Market Outlook, By Pharmaceutical (2021-2030) ($MN)
70 South America Agmatine Market Outlook, By Other Applications (2021-2030) ($MN)
71 Middle East & Africa Agmatine Market Outlook, By Country (2021-2030) ($MN)
72 Middle East & Africa Agmatine Market Outlook, By Form (2021-2030) ($MN)
73 Middle East & Africa Agmatine Market Outlook, By Capsules (2021-2030) ($MN)
74 Middle East & Africa Agmatine Market Outlook, By Powder (2021-2030) ($MN)
75 Middle East & Africa Agmatine Market Outlook, By Sales Channel (2021-2030) ($MN)
76 Middle East & Africa Agmatine Market Outlook, By Specialty Stores (2021-2030) ($MN)
77 Middle East & Africa Agmatine Market Outlook, By Drug Stores (2021-2030) ($MN)
78 Middle East & Africa Agmatine Market Outlook, By Health & Beauty Stores (2021-2030) ($MN)
79 Middle East & Africa Agmatine Market Outlook, By Third-party Online Channels (2021-2030) ($MN)
80 Middle East & Africa Agmatine Market Outlook, By Other Sales Channels (2021-2030) ($MN)
81 Middle East & Africa Agmatine Market Outlook, By Application (2021-2030) ($MN)
82 Middle East & Africa Agmatine Market Outlook, By Supplements & Neutraceuticals (2021-2030) ($MN)
83 Middle East & Africa Agmatine Market Outlook, By Pharmaceutical (2021-2030) ($MN)
84 Middle East & Africa Agmatine Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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