The global HMB (β-Hydroxy β-Methylbutyrate) market is poised for steady growth, with projections indicating a CAGR of approximately 6% during the forecast period from 2020 to 2030. HMB is widely utilized as a therapeutic supplement to support muscle growth, particularly in patients recovering from liver transplants. These patients often experience sarcopenia, a condition characterized by the loss of skeletal muscle mass, and HMB supplementation is recommended to aid in restoring this mass.
Additionally, HMB is prescribed for patients with AIDS and advanced-stage cancers, where a daily therapeutic dose of 3 mg is often advised to mitigate muscle degradation. These applications are expected to drive consistent demand for HMB in the coming years.
However, potential side effects associated with HMB consumption could act as a limiting factor for market expansion. Despite this, the growing recognition of its benefits in critical care and therapeutic settings underscores its positive growth trajectory.
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๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
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Regional Analysis:
From a regional standpoint, North America dominates the global HMB market, accounting for over 35% of the total market share. This prominence is attributed to the high concentration of HMB manufacturers in the region and the United States' significant per capita spending on sports supplements, driven by strong historical demand for HMB.
However, the market dynamics are gradually shifting towards East Asia, with countries like Japan and South Korea witnessing notable growth in HMB demand. Additionally, Europe and South Asia & Oceania are experiencing moderate growth, with key contributors including Italy, France, Pakistan, and Bangladesh.
On the supply side, China is emerging as a pivotal hub for HMB production. Favorable conditions such as streamlined approvals, efficient regulatory processes, and robust supply chain infrastructure make China an attractive destination for manufacturing. Consequently, American HMB manufacturers are increasingly licensing production to Chinese firms.
China’s large economies of scale further strengthen its market position, as the country remains in the growth phase of the product life cycle (PLC). A consistent supply of raw materials has also enabled manufacturers in China to maintain a stable and reliable HMB supply chain, supporting the market’s overall expansion.
Read More: https://www.factmr.com/report/4758/hydroxymethylbutyrate-hmb-market
Competition Landscape
The global HMB market is highly concentrated, with two dominant players leading the industry. One company produces HMB-based dietary supplements under the brand name “Ensure Nutrivigor,” while the other serves the sports supplement market with its product, “myHMB.” The remaining HMB is distributed to major players like Glanbia Nutrition, GNC, Holland & Barrett, and various sports supplement manufacturers.
HMB producers are aiming to capture a significant share of the market across key regions. However, India presents a challenge for HMB stakeholders due to stringent regulations imposed by the Food Safety and Standards Authority of India (FSSAI), which could hinder the supply of HMB in the country.
Given the low market clearing price and the monopolistic nature of the HMB market, key stakeholders are strategically positioning their supply chains in countries such as Japan, Bangladesh, Pakistan, and South Korea to maximize market reach and mitigate risks associated with regulatory hurdles.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
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HMB Market Segmentation
Fact.MR has studied the HMB market with detailed segmentation on the basis of purity, application, and key regions.
- By Purity :
- 98% - 99%
- Above 99%
- By Application :
- Sports Supplement
- Dietary Supplement
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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