Sports Fitness Nutrition Foods Beverages Market

Sports Fitness Nutrition Foods Beverages Market

Market Synopsis:

Global Sports Fitness Nutrition Foods Beverages Market is valued at USD 84071.67 Million in 2022 and is projected to reach a value of USD 130993.45 Million by 2030 at a CAGR of 5.70% over the forecast period. The Sports Fitness Nutrition Foods Beverages market is expected to witness the highest growth owing to the increasing awareness and importance of carbohydrates, proteins, and vitamins in the everyday diet for good health. Many of the athletes are consuming nutritional products in order to boost their performance, endurance, and muscle recovery which is expected to drive the growth of the Sports Fitness Nutrition Foods Beverages market during the forecast period. The growth in the Sports Fitness Nutrition Foods Beverages market is mainly attributed to increasing demand for nutrition bars, energy bars, ready-to-drink products, and growth in the importance of protein as a valuable ingredient. Moreover, proteins are projected to increase their popularity as an effective source of a nutritional and balanced diet along with their functional benefits like weight management, and support to the immune system which is projected to boost the market growth during the forecast period. The shifting of consumers towards convenient nutrition to become more rampant, increasing use of sports beverages as refreshment drinks, and latest product launches along with natural ingredients that provide long-lasting energy benefits are the other major factors expected to increase the demand for sports fitness nutrition foods beverages in coming years.

Market Segmentation:

The Sports Fitness Nutrition Foods Beveragess market is segmented on the basis of product, distribution, and end-user. Based on product the market is segmented as Sports Nutrition, Sports/Energy Foods, Sports/Energy Drinks. On the basis of Distribution channels, the market is segmented as Offline and Online. Based on End-Use the market is segmented as Athletes, Bodybuilders, Lifestyle Users, Recreational Users.

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The Sports/Energy drink segment is expected to acquire the largest market share during the forecast period.

The sports/energy drink segment is projected to acquire the largest market share during the forecast period. The increasing number of sportspersons such as weightlifters, athletes, and bodybuilders are increasing the growth of the sports/energy drink sector in the Sports Fitness Nutrition Foods Beverages market during the forecast period. Moreover, the increasing adoption of energy drinks among youngsters and the old growing population is also a major factor expected to drive the growth of the market in the coming years. Various energy drink manufacturers are adopting new technology methods to improve the quality of drinks is experiencing a positive impact on the Sports Fitness Nutrition Foods Beveragess market during the forecast period.

The online segment is projected to hold the largest market share during the forecast period.

The increasing health awareness among individuals is increasing the demand of the sports nutrition market. The increasing numbers of health clubs and fitness centers, and the emergence of online fitness classes are driving the demand of the sports nutrients market during the forecast period. Sports enthusiasts, fitness freaks, students, and individuals from high-demand professionals acquire the largest portion in the market. The majority of health clubs sell online energy gels, protein shakes, energy drinks, and other sports nutrition products to their members from the online sports nutrition and generate higher revenue and support the growth of the sports nutrition industry.

North America is expected to grow at the highest CAGR during the forecast period

The growth of North America in the sports nutrition beverage market is primarily attributed to the increasing demand for sports nutrients from sports clubs and fitness clubs. In addition, the demand for ready-to-drink sports nutrition products in Canada is projected to contribute to the growth of the Sports Fitness Nutrition Foods Beverages market during the forecast period. The increasing concerns regarding health, shifting dietary plans, and changing lifestyles are increasing the demand for sports nutrition food beverage in North America. Moreover, the innovative development of new flavors in energy drinks and sports nutrition along with the health benefits is expected to boost the demand for sports nutrient food beverages in the North American region.

Competitive Landscape:

The Sports Fitness Nutrition Foods Beverages market is highly fragmented in nature due to the presence of key players and increasing urbanization in the market. Some of the major key players in the market are Monster Beverage Corporation; CytoSport, Inc.; Dr. Pepper Snapple Group, Inc.; Glanbia Plc; Glanbia Nutritionals Limited; Optimum Nutrition Inc.; GlaxoSmithKline Plc; GNC Holdings, Inc.; Lucozade Ribena Suntory Ltd.; Meiji Co., Ltd.; MusclePharm; Nature's Bounty, Inc.; Nestle SA; Otsuka Pharmaceutical Co., Ltd.; PepsiCo Inc.; The Quaker Oats Company, Inc.; Post Holdings, Inc.; Red Bull GmbH; Rockstar Inc.; The Balance Bar Company; Twinlab Consolidated Holdings, Inc.; Vitaco Health Ltd.; Weider Global Nutrition, LLC; Yakult Honsha Co., Ltd.

Sports Fitness Nutrition Foods Beverages Market is Segmented as Follows:

Sports Fitness Nutrition Foods Beverages Market is Tabulated as Follows: