Global Sports Nutrition Market Segmentation, By Product Type (Protein Powder, Iso Drink Powder, Capsule/Tablets (Creatine, BCAA and Others), Supplement Powder, RTD Protein Drinks, Iso and Other Sports Drinks, Carbohydrate Drinks, Protein Bars, /Carbohydrate Energy Bars and Other Supplements), End User (Athletes, Bodybuilders, Recreational Users and Lifestyle Users), Distribution Channel (Large Retail and Mass Merchandisers, Small Retail, Drug and Specialty Stores, Fitness Institutions, Online and Others) – Industry Trends and Forecast to 2031.
Sports Nutrition Market Analysis
Sports Nutrition are popular among gym goers and fitness enthusiasts because they help with muscle growth, metabolism, energy levels, heart health, and weight management. Furthermore, dietary supplement sales are increasing during the coronavirus pandemic because the supplements help comb or enhance the immune system against COVID-19, according to an article published by nutrition outlook.
Sports Nutrition Market Size
Global sports nutrition market size was valued at USD 19.66 billion in 2023 and is projected to reach USD 43.57 billion by 2031, with a CAGR of 10.46% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Sports Nutrition Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Cargill Incorporated (U.S.), ADM (U.S.), Dupont (U.S.), Evonik (Germany), BASF SE (Germany), DSM (Netherlands), Ajinomoto Co., Inc. (Japan), Novozymes (Denmark), Chr. Hansen Holding A/S (Denmark), TEGASA (Spain), Nutreco (Netherlands), Kemin Industries Inc. (U.S.), Adisseo (France), Alltech (U.S.), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (U.S.), and Novus International (U.S.)
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Market Opportunities
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Sports Nutrition Market Definition
Nutrition is an important part of many sports training regimens, mainly in strength and endurance sports. Sports nutrition refers to the foods and beverages consumed by athletes to meet their bodily nutrition needs. Athletes' performance is improved by sports nutrition, which provides the body with essential vitamins, minerals, fats, carbohydrates, and proteins.
Sports Nutrition Market Dynamics
Drivers
- Rising cases of obesity as well as increasing public awareness
Sports nutrition products are becoming increasingly popular, particularly among athletes and people who engage in strenuous physical activities. Growing emphasis on staying fit and healthy and increased participation in sports, health clubs, sports clubs, and gyms. These are some of the major factors driving the growth of the sports nutrition industry. ?
- Rise in social media marketing
As consumers become more concerned about the use of ingredients in products, the use of organic ingredients in the production of sports nutrition products is gaining traction in the market. Furthermore, an increase in demand from casual consumers who are not actively engaged in any strenuous physical activities is propelling market growth.
Opportunity
The growing number of fitness centres and increased female participation are expected to fuel the market's growth. The growing millennial population and increased social media marketing will further boost many opportunities, leading to the development of the sports nutrition market during the forecast period.
Restraints
The availability of low-cost substitutes, negative publicity, and side effects will impede the growth of the sports nutrition market during the forecast period.
This sports nutrition market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Sports Nutrition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Sports Nutrition Market
The COVID-19 outbreak has put tremendous strain on the functional food and nutraceutical industries. Several frontline workers, including doctors, nurses, other medical professionals, hygiene workers or sweepers, and others, are working hard to stop the spread of the novel coronavirus. Government agencies have advised citizens to eat a healthy and nutritious diet to combat the disease. This is expected to increase demand for sports nutrition, which promote the body's good health and optimal functioning by providing essential nutrients. Sports nutrition are necessary for the growth and repair of human cells and tissues. Plant protein is beneficial for weight loss in addition to providing the building blocks for healthy muscles and tissues.
Sports Nutrition Market Scope
The sports nutrition market is segmented on the basis of product type, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Protein Powder
- Iso Drink Powder
- Capsule/Tablets (Creatine, BCAA and Others)
- Supplement Powder
- RTD Protein Drinks
- Iso and Other Sports Drinks
- Carbohydrate Drinks
- Protein Bars
- Carbohydrate/Energy Bars
- Other Supplements
End users
- Athletes
- Bodybuilders
- Recreational Users
- Lifestyle Users
Distribution channel
- Large Retail and Mass Merchandisers
- Small Retail
- Drug and Specialty Stores
- Fitness Institutions
- Online
- Others
Sports Nutrition Market Regional Analysis
The sports nutrition market is analyzed and market size insights and trends are provided by country, product type, end user and distribution channel as referenced above.
The countries covered in the sports nutrition market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sports nutrition market due to rising vegan diet awareness and brand campaigning on social media platforms, whereas Asia-Pacific is expected to grow from 2024 to 2031 due to growing urbanisation, rising disposable income, and increased spending on the development of natural ingredients.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Sports Nutrition Market Share
The sports nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sports nutrition market.
Sports Nutrition Market Leaders Operating in the Market Are:
- Glanbia plc. (Ireland)
- Now Health Group, Inc. (U.S.)
- Nutiva Inc (U.S.)
- The Simply Good Food Co (U.S.)
- Iovate Health Sciences International Inc. (Canada)
- MusclePharm Corporation (U.S.)
- Kerry Group Plc (Ireland)
- CytoSport, Inc. (U.S.)
- The Nature's Bounty Co. (U.S.)
- Reliance Vitamin Company, Inc. (U.S.)
- Herbalife Nutrition, Inc. (U.S.)
- Danone SA (France)
- General Nutrition Centers (GNC) Holdings, Inc. (U.S.)
- Orgain Inc. (U.S.)
- True Nutrition (U.S.)
Latest Developments in Sports Nutrition Market
- Hydroxycut, a sports nutrition brand under its parent company, Lovate Health Sciences, launched "Cut" in January 2022, an energy drink that will help consumers reduce their body fat percentage
- The Coca-Cola Company launched "Powerade," an energising drink, in March 2020. The company has launched this product in a variety of flavours. The strategy was to broaden the company's product portfolio through new product development
- Hormel completed the USD 465 million sale of the CytoSport Protein Business to PepsiCo Inc. in April 2019. The sale to PepsiCo Inc. is expected to allow CytoSport and its flagship offering to grow further, increasing PepsiCo Inc.'s market share in the sports nutrition market
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