PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421826
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421826
The global agmatine market size is expected to reach USD 40.09 billion by 2032, according to a new study by Polaris Market Research. The report "Agmatine Market Share, Size, Trends, Industry Analysis Report, By Form (Powder and Capsules); By Flavor; By Sales Channel; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The widespread product use as a natural ingredient in the food & beverage industry to enhance or improve the nutritional profile and flavor of certain products coupled with the ongoing research & development activities for developing agmatine products with new uses and potentials, that led to the higher development of novel products, are among the major factors boosting the global market growth.
For instance, 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.
Additionally, there has been a rising prevalence and trend towards integrating or incorporating nanotechnology to enhance the delivery and bioavailability of agmatine in various pharmaceutical and dietary supplement products. As, nano-emulsions, nanoparticles, & nanocarriers could significantly improve agmatine's solubility and absorption, resulting in its increased effective and use in various new applications with more better properties.
The rapidly growing advances in nanomedicine and drug delivery systems all over the world are facilitating the development of new and innovative pharmaceutical formulations containing agmatine, that mainly aims to enhance the therapeutic efficacy of agmatine in treating various medical conditions like cardiovascular diseases and surge in the penetration for integrating smart farming practices into agmatine that involves IoTs, remote sensing, and data analytics allows to monitor and manage product's applications in real-time, is likely to have a positive impact on the global market.
With the increasing consumer awareness and knowledge about agmatine's potential benefits across the globe, the need and penetration for innovative marketing and educational efforts are becoming more important and crucial. As, large number of companies were focusing on educating consumers and healthcare professionals about agmatine's uses and safety and their possible uses in various sectors including pharmaceutical and food & beverage, the product demand have emerged drastically.
Powder segment accounted for noteworthy share, mainly attributed to its increase consumption and demand due to easier incorporation into dietary supplements
Flavor segment held the majority market share, on account of increased consumer preference for flavored product types as they eliminate agmatine's bitterness
Online channels segment will grow at significant pace, mainly due to emergence of various online shopping platforms and consumer inclination towards these channels
North America dominated the global market, owing to presence of some leading market players and higher consumption of dietary supplements
The key market players include Douglas Laboratories, Ajinomoto Health & Nutrition North America, Jarrow Formulas, Nutrabio Inc., and NOW Foods Inc.
Polaris Market Research has segmented the agmatine market report based on form, flavor, sales channel, and region: