Creatine Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3662
Creatine Market size will be driven by increasing health awareness across the globe over the forecast period. Product helps muscles to produce energy during the heavy lifting and high-intensive exercise due to which popular in athletes and bodybuilders includes it consumption in their fitness regimes. It also has other health benefits such as protection against neurological disease. Growing health & fitness industry shall help creatine market size to grow further in coming years. According to International Health, Racquet & Sportsclub Association (IHRSA), U.S. health & fitness industry size in 2018 was over USD 30 billion and projected to grow with a 3-4% CAGR in coming years. Streaming exercise classes and budget friendly gyms were the major growth attributes factors for industry growth.
Creatine helps to improve the athletic performance due to which its usage in sports industry growing with an accelerated CAGR form past several years. Growing sports industry mainly due to increasing investment by major media houses and new sporting leagues will complement product demand. However, health hazardous associated with product usage may hamper the creatine market growth over the forecast period. High doses of product are likely to harm kidney, heart and liver, which may negatively impact on product demand. In addition, medical use of the product has not been approved by the FDA. These factors are likely to restrict creatine market during the forecast timespan.
Creatine monohydrate was the major product segment in 2018 and is likely to remain the largest over the forecast period. Creatine ethyl ester product segment is anticipated to grow with a highest CAGR in near future due to its superior properties compared to the other product segments. It can be better absorbed by the body than monohydrate creatine.
Creatine food application is projected to grow with healthy CAGR in near future. This can be attributed to its properties such as useful in digestion, mental health, hearing capability and used to keep skin youthful and vibrant. Growing food & beverages industry in Asia Pacific shall fuel the product demand over the forecast duration, 2019-2025. According to some media reports, Asia Pacific will be the largest food & beverages consumer by 2030. Countries such as China and India will play an eminent role owing to high population and increasing disposable income. In addition, rapidly growing pharmaceutical industry in the region, especially in India will propel the creatine market size during the forecast timespan. According to India Brand Equity Foundation (IBEF), Indian pharmaceutical industry size in 2017 was USD 33 billion and is anticipated to grow with a promising CAGR over 10% by 2025. This healthy growth in the pharmaceutical industry is likely to create the lucrative growth avenues for the market in coming years.
North America was the major region in creatine market in 2018 owing to the high health awareness and largest sports industry in the region. According to the Forbes, sports market in North America was valued at over USD 60 billion in 2014 and is expected to surpass USD 73 billion by the end of 2019. Revenue derived from the media rights will be the major attribute behind it. In addition, high sporting culture in the region fueling sports industry growth from past few years. Asia Pacific will be the fastest growing region in creatine market over the forecast period. Increasing population and disposable income in the region are likely to drive the market growth during the forecast timespan.
Many multinational local vendors are operating in the industry. Some major players operating in the industry includes Tradichem, AlzChem, Optimum Nutrition, Spectrum chemicals, Tiancheng, BM. PHARM, Gulang Xinmiao, Zibo Lanjian, Bao Sui, Jiangsu Yuanyang and Hubei Yuanhua. Major companies operating in the industry are increasing their presence on online platform for increase the product sale.
Creatine Market, By Product, 2014-2025 (Tons) (USD Million)
- Creatine monohydrate
- Creatine ethyl ester
- Creatine hydrochloride
- Buffered creatine
- Other (Liquid creatine, Creatine magnesium chelate, etc)
Creatine Market, By Application Type, 2014-2025 (USD Million)
- Healthcare products
- Pharmaceutical products
- Food & beverages
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Optimum Nutrition
- Spectrum chemicals
- BM. PHARM
- Gulang Xinmiao
- Zibo Lanjian
- Bao Sui
- Jiangsu Yuanyang
- Hubei Yuanhua
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