Dietary supplements such as agmatine known for reducing body weight and muscle building is expected to showcase a potential growth prospects in global food & beverage industry in the coming years. In addition, agmatine have been used for several clinical trials in medical field. Over the historical years, the demand for several forms of agmatine has increased across the globe due to several health benefits of agmatine in human diet. The global market for agmatine is comprises of several market channels partners such as agmatine manufacturers, suppliers (retail and online channels) and others with their local and global sales footprint in the agmatine segment. Wide presence of key vendors on online channels is likely to create high competition among the existing as well as new entrants to gain a competitive advantage in the global agmatine market.
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Therapeutic Potential of Agmatine to Upsurge Overall Sales of Global Market
The rising demand for agmatine in dietary supplements and medical industry is likely to transform the overall growth trend of global agmatine industry over the forecast years. In addition, the global market is expected to witness amplified demand across the regions on the backdrop of several market dynamics. Some of the market acumens in the global agmatine industry include rising penetration of online channels among consumers, growing health awareness in emerging economies, increasing number of new entrants, increasing overall production and consumption of dietary supplements and ingredients, increasing clinical activities, rising product promotional activities and other market growth factors which are directly or indirectly expected to boost the growth of global agmatine market over the forecast period from 2019 to 2029. However, stringent government regulations and lack of product knowledge in the low GDP economies may hamper the overall sales of the agmatine market during the forecast period.
Product Differentiation Level of Agmatine to Create Enormous Opportunities in Global Agmatine Market
The agmatine market can be segmented on the basis of form, flavour, and sales channel. On the basis of form, the agmatine market can be segmented into powder and capsules. On the basis of flavour, the agmatine market can be segmented into flavoured and unflavoured variants. On the basis of sales channel, the agmatine market can be segmented into drug stores, health & beauty stores, specialty stores, modern trade channels, direct selling, third-party online channels, and company online channels. The transforming end user’s preference for dietary supplements is likely to upsurge global sales of agmatine over the estimated period. The global market for agmatine can be segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
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Frontrunners are Likely to Hold Maximum Demand in Global Agmatine Market by 2029
The global agmatine market is likely to witness robust growth over the forecast period owing to the growing consumption of dietary supplements among consumers. Millennials are anticipated to play a vital role in the growth of global agmatine market in next few years due to increasing per capita spending of millennials for supplement products. Among regions, the legacy regions such as North America and Europe are expected to remain a frontrunner with overall demand of over 3/5th of the global agmatine industry by 2019 end. However, frontrunners in the global agmatine industry are expected to witness moderate growth as compared to other emerging regions over the forecast period due to increasing health concern population in the other regions. Moreover, India, China, Mexico, and Nigeria is estimated to witness the strong CAGR over the forecast period due to expanding the overall business footprint of key vendors in these countries.
Collaboration with Online Channels to Remain Key Strategies among Market Participants
Industry giants in the global agmatine market are continuously focusing on expanding their production capacities in the agmatine segment across the developed as well as developing countries. Some of the market participants in the global agmatine market include RSP Nutrition; Nutricost; NutraBio Labs, Inc.; Purisure; Insane Labz; Gilad&Gilad LLC, and other global & local vendors in the global agmatine market.
The research report presents a comprehensive assessment of the agmatine market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to agmatine market segments such as geography, form, flavour, and sales channel.
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