Red Spinach Extract: Market outlook

Red spinach is a natural food that provides a rich source of nitrates, is helpful in hemodynamics, cardiovascular function, and has a natural hypotensive and antianginal effect. Red spinach extract is an excellent source of potassium-filled nutrition besides being high in nitrate with a uniform 9.0% nitrate concentration.

In recent research, red spinach extract has proved effective in acute exercise results. The sufficient level of nutrient content in red spinach extract provides the body with adequate levels of nutrients equivalent to any form of functional food, energy drinks, beverage powders, or nutritious sports goods.

Naturally, red spinach extract is rich in nitric oxide enhancing compounds that improve strength, increase stamina, and reduce fatigue. Due to their game-changing effects on athletic performance, demand for nitric oxide boosting ingredients, particularly red spinach extract, is increasing rapidly.

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Red Spinach Extract to Be a Potential Alternative for Beet Extracts

In the market for sports-nutrition, interest has grown in ingredients such as beets and red spinach extract that help raise the levels of nitric oxide in the body to increase blood flow and thus help athletes work longer and harder.

Beet-derived ingredients have created much interest because of the high nitrate content of the vegetable. Nutritional Outlook earlier in 2019 referred to two newer beet-juice products, including one directly targeting the sports-nutrition industry. But beets can get tough competition from red spinach extract in the sports-nutrition market.

Reports suggest that red spinach extract contains more nitrates than beets and according to a study, the dosage of a single red spinach extract supplement elevated nitrate levels in individuals after just an hour of intake — and that levels of nitric oxide remained raised for 8 hours. Red spinach extract can outperform beets on the nitrate front, according to PLT Health Solutions, a sports-nutrition supplier.

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Growing Health and Wellness Trends, Rise in Food Fortifications and Change in Commute Patterns will Drive Growth

Consumers have become quite a health conscious and the majority of them spend a significant portion of their disposable income on fitness and well-being. They have also become increasingly aware that along with exercise, a proper diet is necessary to achieve physical fitness. Food fortification is the enrichment of everyday foods with essential proteins, vitamins, and minerals.

Consumer’s unhealthy eating habits and inadequate intake of nutrition is a result of various factors such as the rising incidence of lifestyle-related diseases and weight management. High protein foods aid in maintaining consumer health. Red spinach extract products in the form of sports-nutrition are gaining popularity among consumers. Thus, the trend of food fortification is rising, which will in turn support the expansion of the red spinach extract market.

Another factor that is expected to fuel the growth of the red spinach extract market is the recent trend of eco-friendly commute. This trend is specifically visible in the developed countries and metropolitan cities wherein people tend to ride bicycles to work or any other destination. This global trend indirectly caters to the demand for red spinach extract as nutrition.

With the popularity of sports growing day by day in the East, sports academies, sports clubs, and training facilities are increasing in numbers to take in the sports enthusiasts and train them. Thus, growing interest in sports, especially in developing nations, is bound to drive the growth of the red spinach extract market.

Red Spinach Extract: Market Segmentation

On the basis of applications, red spinach extract can be segmented as:-

  • Nutritional Supplements
  • Functional Food
  • Other

On the basis of distribution channel, red spinach extract can be segmented as:-

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Discount Stores
  • E Retailers

Global Red Spinach Extract Market: Key Players

Key players engaged in global red spinach extract market are PLT Health Solutions, Arjuna Natural Extracts Ltd., Barlowe's Herbal Elixirs, Nuvital, Victory Endurance, HealthyHey Nutrition, Xi'an Tian Guangyuan Biotech Co., Ltd. and other players.

Opportunities for Market Players Operating in Red Spinach Extract Market

Electronic technologies are continuously and increasingly deployed throughout the supply chain of red spinach extract products. E-Commerce has become an important platform that has benefited both manufacturers and consumers. The manufacturers of red spinach extract products can promote and sell their products on a global platform and can connect with a much broader consumer base through online retailing.

Strategic sponsorships will offer latent opportunities to red spinach extract market players. Tie-ups with gyms and expert recommendations do help but, in this day, and age promoting products through content video, paid partnerships, event sponsorships, and publicity stunts gather a lot of eyeballs.

Red spinach extract can be non-GMO, Kosher, and Halal certified. The companies can offer red spinach extract that has quality certifications and claims which will increase demand and improve the market value.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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