Sports Nutrition Market: People’s Growing Preference For Leading Active, Healthy Lives Is One Of The Main Elements Influencing The Industry

Sports Nutrition Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Sports Nutrition Market grew at a CAGR of 8.7% between 2017-2021 and is estimated to be US$ 354.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 9.8% and is expected to reach a valuation of US$ 903.9 Mn by 2032 end.

Various organic components, including milk, egg proteins, vegetable starches, fibers, sugars, vitamins, minerals, and herbs, are used to make sports nutrition products. From the name alone, it is clear that sports nutrition refers to the foods and drinks athletes consume to meet their physical and nutritional needs.

Sports nutrition also enhances athletes’ performance by giving the body the essential vitamins, minerals, fats, carbohydrates, and proteins. The main drivers of market growth include rising globalization, rising protein, and nutritional bar popularity, and rising consumption of organic food and beverages.

ChemView Consulting has analyzed that people’s growing preference for leading active, healthy lives is one of the main elements influencing the industry. Additionally, it is anticipated that the rise would be fueled by young consumers making fitness a major aspect of their lifestyle and by consumers’ rising acceptance of protein supplements. Growth is also driven by increasing customer demand for nutritional goods with plant-based components and immunity-boosting properties

In 2022, powder formulation held the biggest market share, about 40.5%. The market’s growth is supported by increased athletic events and the region’s opening of health and fitness facilities. Powdered supplements also have more stable ingredients, an extended shelf life, and are simple to take.

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Segments Covered in Report

By Product Type:

  • Sports Supplements
  • Protein Supplements
    • Animal-based
    • Whey
    • Casein
    • Egg
    • Fish
    • Others
    • Plant-based
    • Soy
  • Spirulina
  • Pumpkin Seed
  • Hemp
  • Rice
  • Pea
  • Others
  • Vitamins
  • Minerals
  • Amino Acids
  • Probiotics
  • Omega -3 Fatty Acids
  • Carbohydrates
  • Detox Supplements
  • Electrolytes
  • Others
  • Sports Drinks
    • Isotonic
    • Hypotonic
    • Hypertonic
  • Sports Foods
    • Protein Bars
    • Energy Bars
    • Protein Gels
  • Meal Replacement Products
  • Weight Loss Product

By Application:

  • Pre-workout
  • Post-workout
  • Others

By Formulation:

  • Tablets
  • Capsules
  • Powder
  • Softgels
  • Liquid
  • Gummies

By Consumer Group:

  • Children
  • Adult
  • Geriatric

By End-User:

  • Athletes
  • Fitness Enthusiasts
  • Bodybuilders
  • Lifestyle Users

By Sales Channel:

  • Brick And Mortar
  • Specialty Stores
  • Small Retail Stores
  • Fitness Institutes
  • Grocery Stores
  • General Discount Stores
  • Discount Clothing Retailers
  • E-commerce

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Sports Nutrition Market

  • Based on the formulation, in 2022, powder formulation held the biggest market share, about 40.5%. The market’s growth is supported by increased athletic events and the region’s opening of health and fitness facilities. Powdered supplements also have more stable ingredients, an extended shelf life, and are simple to take.
  • Based on the product type, due to rising interest in fitness and health and the wide commercial availability of sports supplements, sports supplements accounted for the largest market share in 2022, with a 46.3% market share.
  • Based on the consumer group, in 2023, the adult market had the highest share—more than 65.5%. This is explained by the fact that many consumers are between 18 and 64. Customers in this age range also regularly participate in sports and fitness activities, which supports category growth. Additionally, the demand for women’s sports nutrition in this age bracket is being driven by an increase in the number of working women.
  • Based on the end-user, due to the expanding popularity of fitness among consumers, the fitness enthusiasts category held the majority of the market share in 2022, with a revenue share of over 40.0%. A vast populace participates in various exercise activities due to the COVID-19 outbreak’s increased public awareness of the importance of living a healthy lifestyle
  • Based on the region, North America had the most, with more than 38.5% of the market. This region’s increased demand for sports nutrition results from rising health and wellness consciousness. Additional factors anticipated to fuel growth include the growing number of new product launches in the sports supplements category, which shows the strong demand for these goods in the upcoming years, and the local presence of key industry participants.

Competition Summary

Key companies covered in the market study are Inovate Health Sciences, Abbott, Quest Nutrition, PepsiCo, Cliff Bar, The Coca-Cola Company, MusclePharm, The Bountiful Company, Post Holdings, BA Sports Nutrition, Cardiff Sports Nutrition, Jacked Factory, Orgain

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impact market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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