The bodybuilding supplements market is projected to grow from $23.31 billion in 2023 to $38.12 billion by 2031 and is expected to record a compound annual growth rate (CAGR) of 8% from 2024 to 2031 according to a new report by Coherent Market Insights.
The report found bodybuilding has gained more popularity as both a sport and fitness activity over the past decade. This has fueled a greater demand for bodybuilding supplements that promise to increase muscle gains and speed fat loss. The easy availability of these supplements through online retail channels and the growing millennial population is fueling market growth.
North America is expected to be the dominant region in the global bodybuilding supplements market. Major players operating in the global bodybuilding supplements market include Glanbia plc, Abbott, GSK, Amway, Nestlé S.A. and MusclePharm.
“Products like pre-workout supplements, protein powders, BCAAs and creatine are widely used to complement regular workout routines and diet,” the report stated. “The growing health and wellness culture is a major driver for the consistent growth of the bodybuilding supplements market.”
Photo: Lin Mei / Flickr Creative Commons
