Sports Nutrition Market to Reach Valuation of USD 62.7 Billion by 2028 - the Sports Nutrition Products Benefits like Training, Increased Recovery Amid Workouts and Sports, Achievements and Maintenance of the Ideal Body Weight, and Performance Consistency are Driving the Market Growth

Vantage Market Research

May 03, 2022

In terms of revenue, the Global Sports Nutrition Market is probable to reach USD 62.7 Billion by the year 2028, growing at a Compound Annual Growth Rate (CAGR) of 8.1% from 2022 to 2028.

The growth in the adoption of Sports Nutrition products by athletes due to their advantages is one of the major factors driving the growth of the market during the forecast period. In addition, the growth in the consumption of Sports Nutrition products is rising among the active lifestyle consumers and fitness enthusiasts which is predicted to fuel the growth of the market during the forecast period.

Key Highlights from the Report:

  • The sports supplement sub-segment is anticipated to grow at a substantial Compound Annual Growth Rate (CAGR). 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.
  • The adult sub-segment holds a substantial market share in 2021. The growth of this segment is attributed to a large number of consumers from the age group of 18 to 64 years. In addition, consumers in this age group are energetically involved in fitness and sports activities, thus fueling the growth of this segment.
  • Asia Pacific is the fastest regional segment. 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 satiate hunger and provide nutrition after sports or exercise. Furthermore, the involvement of consumers in sports is the major reason for driving the Sports Nutrition Market.

Market Dynamics:

the Sports Nutrition products are specialized nutrition products that are designed to increase the performance and boost the 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.

Additionally, 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.

North America is the largest market. The growth of the 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.