Global Sports Nutrition Market valued at USD 42.12 Billion in the year 2022 and is projected to reach a value of USD 77.95 Billion by the year 2030. The Global Market is anticipated to grow exhibiting a Compound Annual Growth Rate (CAGR) of 8.00% over the forecast period.
The Sports Nutrition Market is witnessing growth owing to the Sports Nutrition products benefits such as training, increased recovery among workouts and events, achievements and maintenance of the ideal body weight, and performance consistency. Moreover, the growth in the adoption of Sports Nutrition products by athletes due to their advantages is the other major factor driving the growth of the market during the forecast period. The growth in the consumption of Sports Nutrition products is rising among the active lifestyle consumers and fitness enthusiasts which is fueling the growth of the market during the forecast period. Consumers are using these products to gain muscles and energy and to support weight management, which is increasing the demand for Sports Nutrition among youngsters to the senior citizens during the forecast period.
Furthermore, Sports Nutrition products are specialized nutrition products that are designed to increase the performance and boost recovery speeds after and during the sports activities like workouts, athletics, or bodybuilding which is expected to fuel the growth of the Sports Nutrition Market in the coming years. Most Sports Nutrition products are created with ingredients to boost physical capabilities and the body's energy absorption to increase maximum output from the efforts undertaken by the consumer. Whereas, a mixture of a variety of Sports Nutrition products is used by athletes to gain the best possible output and to properly supplement their nutritional requirements during strenuous workouts and physical activities which drives the demand for Sports Nutrition during the forecast period.
The Sports Nutrition market is segmented on the basis of product type, application, formulation, consumer group, consumer group activity, and distribution channel. Based on product type, the market is segmented as Sports Supplements, Sports Drinks, Sports Foods, Meal Replacement Products, and Weight Loss Products. Based on application, the market is segmented as Pre-workout, Post-workout, Weight Loss, and others. Based on formulation, the market is segmented as Tablets, Capsules, Powder, Soft Gels, Liquid, and Gummies. Based on consumer groups, the market is segmented as Children, Adults, and geriatrics. Based on consumer group activity the market is segmented into Heavy Users, and Light Users.
Sports Supplement Product Type is Projected to Hold the Largest Share of the Market
Based on product type, the sports segment is accounted to hold the largest share of the Sports Nutrition Market during the forecast period. The growth of the segment is attributed to the growing consumption of protein supplements like whey protein and the accessibility of several plant proteins such as pumpkin seed, soy, spirulina, hemp, rice, and pea. Furthermore, the growing consumption of proteins for muscle strengthening by athletes and gym-goers is projected to fuel the market growth.
The Adult Segment Acquires a Substantial Market Share
Based on the consumer group, the adult segment holds the largest revenue share during the forecast period. The growth of this segment is attributed to a large number of consumers from the age group of 18 to 64 years. Furthermore, consumers in this age group are energetically involved in fitness and sports activities, thus fueling the growth of this segment. Additionally, the increasing working women population is boosting the demand for women's Sports Nutrition in this age group. Additionally, the growing disposable income and growing worries about maintaining a healthy lifestyle are growing the adoption of supplements during the forecast period.
North America Presents the Largest Market for Sports Nutrition
The growth of North American region is mainly attributed to the increasing demand from the United States. Rising adoption of supplements and enlarged awareness regarding health and wellbeing are projected to encourage the growth of the market. Furthermore, the presence of a large number of players and various strategies accepted by these players will fuel market growth in the coming future.
The Asia Pacific is Anticipated to be the Fastest-Growing Region During the Forecast Period
The Asia Pacific region is likely to grow at the highest CAGR during the forecast period. The changing lifestyles of consumers in the Asia-Pacific, mainly in emerging countries like India and China, are contributing to the growth of Sports Nutrition food as a convenient food choice to satisfy hunger and deliver nutrition after sports or exercise. Furthermore, the participation of consumers in sports is the major reason for driving the Sports Nutrition market.
The key players in the Sports Nutrition market are majorly adopting the product innovation strategy for the growth of the market. Some of the major key players in the market are Iovate Health Sciences, Abbott, Quest Nutrition, PepsiCo, Cliff Bar, The Coca-Cola Company, MusclePharm, The Bountiful Company, Post Holdings, BA Sports Nutrition, Cardiff Sports Nutrition.
Segmentation of Global Sports Nutrition Market:
- Product Type (Sports Supplements, Sports Drinks, Sports Foods, Meal Replacement Products, Weight Loss Products)
- Application (Pre-Workout, Post-Workout, Weight Loss, Others)
- Formulation (Tablets, Capsules, Powder, Soft Gels, Liquid, Gummies)
- Consumer Group (Children, Adult, Geriatric)
- Consumer Group by Activity (Heavy Users, Light Users)
- Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
|Regions & Countries Covered
- North America - (U.S., Canada, Mexico)
- Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
- Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
- Latin America - (Brazil, Argentina, Rest Of Latin America)
- Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
- Iovate Health Sciences
- Quest Nutrition
- Cliff Bar
- The Coca-Cola Company
- The Bountiful Company
- Post Holdings
- BA Sports Nutrition
- Cardiff Sports Nutrition
||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
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