Global Sports Nutrition Market

Sports Nutrition Market Size, Share, Growth Analysis, By Type(Vitamins, Minerals, Carotenoids, Probiotics), By Application(Pre-workout, Post-workout, Weight Loss, Others), By Formulation(Tablets, Capsules, Powder, Soft gels), By Consumer Group(Children, Adult, and Geriatric), By Sales Channel(Brick And Mortar and E-commerce), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2287 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 154 | Figures: 78

Sports Nutrition Market Insights

Sports Nutrition Market size was valued at USD 39.98 billion in 2019 and is poised to grow from USD 42.9 billion in 2023 to USD 81.8 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).

Sports nutrition product use is fast expanding among fitness enthusiasts and active lifestyle consumers. Consumers are using these products to build energy and muscle, as well as to aid in weight loss. Furthermore, the prevalence of lifestyle disorders like obesity is increasing. Millennials and older adults are increasing their need for sports nutrition formulas to increase energy, strength, and muscular health. Supplements are also becoming more popular among gym-goers. Furthermore, increased engagement in sports activities and events is increasing fitness lovers' use of supplements to improve endurance, strength, and stamina.

Nutrition and nutrition are critical for peak performance. Sports nutrition solutions provide advantages such as enhanced recuperation between workouts and events, maintenance and attainment of healthy body weight, reduced injury risk, and performance consistency. A key factor driving the market is athletes' use of sports nutrition supplements due to their benefits.

Sports supplement sales have decreased because of the COVID-19 epidemic, as customers have been preoccupied on purchasing necessary commodities. Furthermore, the temporary closure of gyms, fitness centres, health clubs, and sports institutes had a detrimental influence on sports nutrition product sales. However, thanks to COVID-19, online sales surged fast in 2019 as people turned to e-commerce to avoid congested venues and preserve hygiene. Soon, it is expected that increased awareness of health and a healthy lifestyle would boost demand for sports nutrition.

US Sports Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.

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Sports Nutrition Market size was valued at USD 39.98 billion in 2019 and is poised to grow from USD 42.9 billion in 2023 to USD 81.8 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).

The industry's primary leading companies control the worldwide Sports nutrition market due to their extensive global reach and trustworthy dispersed systems. To compete, these companies employ a variety of business strategies, such as establishing long-term supply agreements with several distribution channels. Due to the availability of a target consumer base in the area, major firms have increasingly focused on entering Southeast Asian markets in recent years. 'MusclePharm', 'Abbott Laboratories', 'Clif Bar & Company', 'Coca-Cola Company', 'CytoSport, Inc.', 'Glanbia plc', 'GNC Holdings, Inc.', 'Herbalife Nutrition Ltd.', 'Monster Beverage Corporation', 'Nestle S.A.', 'PepsiCo, Inc.', 'Procter & Gamble Co.', 'Reckitt Benckiser Group plc', 'Ultimate Nutrition, Inc.', 'The Nature's Bounty Co.', 'Scitec Nutrition', 'Nutrabolt', 'Optimum Nutrition, Inc.', 'Red Bull GmbH', 'Weider Global Nutrition'

Consumers are becoming more health-conscious; for example, most of the German population is a member of a fitness club. Sports nutrition products are becoming increasingly popular, particularly among athletes and anyone who engage in strenuous physical activity. Growing emphasis on remaining fit and healthy, as well as increased involvement in sports, health clubs, sports clubs, and gyms. These are some of the major factors driving the expansion of the sports nutrition sector. ​

Demand for plant proteins is increasing across all areas, including sports nutrition. While consumer interest in a sustainable, healthy lifestyle is driving the larger trend in plant proteins for mainstream and active lifestyle consumers, the sports performance consumer, partly to the hype around star plant-based athletes, is also interested in performance advantages. For optimal amino acid balance, pea protein is typically supplemented with proteins such as sunflower seed, pumpkin seed, and chia seed proteins.

North America led the market in 2021, accounting for a substantial revenue share of more than 20%. This is due to increased demand from the United States. High supplement uptake and greater health and wellness awareness are expected to drive market expansion. Furthermore, the existence of many competitors, as well as the diverse strategies employed by these firms, will drive market expansion soon. Europe is expected to grow at a rapid pace throughout the predicted period. Increasing sports participation and expanding governmental and private sector activities are driving market expansion.

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Global Sports Nutrition Market

Report ID: SQMIG30I2287

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