Global Sports Nutrition Market Size 2024, Forecast To 2033
11 Mar, 2024
The sports nutrition market has experienced rapid growth, escalating from $39.46 billion in 2023 to $43.49 billion in 2024, demonstrating a substantial compound annual growth rate (CAGR) of 10.2%. This growth in the historic period can be attributed to an increased number of health clubs, an increase in the number of sports events, a rise in consumer inclination for a healthy, active lifestyle, and growing adoption of supplements by gym-goers. Moving towards 2028, the market is expected to witness rapid growth, reaching $65.04 billion with a CAGR of 10.6%. Anticipated drivers for this growth include an increasing gym membership, growing participation in sports, and government initiatives. Major trends in the forecast period include increasing investments, a focus on ready-to-drink whey protein, the use of vegan-based products, the development of clean label ingredients, the launch of functional food and beverages, a focus on developing keto-genetic sports nutrition, and a concentration on performance nutrition.
Global Sports Nutrition Market Key Driver
The sports nutrition market is anticipated to experience growth, driven by the rising number of gym memberships. Sports nutrition encompasses post-workout supplements like whey protein and amino acids, aiding in muscle growth and recovery, as well as pre-workout nutraceuticals like energy drinks and bars for boosting energy levels and muscle strength. In September 2022, Gymdesk reported that around 52.6 million people in the United States go to the gym, indicating a substantial market for sports nutrition products. The increasing gym memberships are expected to positively impact the sports nutrition market, with market sizes in 2023, 2024, and 2028 influencing its progression.
Get A Free Sample Of The Global Sports Nutrition Market ReportGlobal Sports Nutrition Market Segments
The sports nutrition market covered in this report is segmented –
1) By Type: Sports Bars, Sports Drinks, Sports Powder, Sports Supplements, RDT (Ready-To-Drink) Protein Drinks, Other Types
2) By Raw Material: Animal Derived, Plant-Based, Mixed
3) By End Users: Athletes, Fitness Enthusiasts, Bodybuilders, Lifestyle Users
4) By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channels
By Geography:The regions covered in the sports nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the sports nutrition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Sports Nutrition Industry Players
Glanbia Plc, PepsiCo Inc, Post Holdings Inc, Abbott Laboratories, Otsuka Pharmaceutical Co. Ltd, GNC Holdings Inc., The Coca-Cola Company, Nestle SA, Clif Bar & Company, MusclePharm Corporation, Yakult, Reckitt Benckiser Group plc, Hormel Foods Corp., Z-Konzept, German Sports Nutrition, Atlantic Grupa DD, OTE Sports Ltd, Nomi Biotech Corporation, Fitness Authority, ALFIT TM, HSN nutrition, World Food, SNC, NutritionPro, Alphamale ATP, Boli Nutriton, Emerix Laboratories, JRM Limited, Crucible Combat Corporation, Amgen, ASPEN, Kilyos, Actylis, Nature's Bounty Co, Biovea, NOW Foods, HealthVit, MedxPharmacy, Nutrition Souq, Shark Supplements and Protein Nutrition, Shark Food Supplements Trading LLC, Ascendis Health, Bayer, Inova Pharmaceuticals, Vital Health Foods, Vitabiotics Ltd, Glaxosmithkline PLC, Raw Sport, Alpha Sports Nutrition, Uber Nutrition, Hammer Nutrition, USN Kenya, menshealth.com, BetterMe, egyfitness
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Sports Nutrition Market Overview
Sports nutrition refers to a field of sports medicine that assists athletes in keeping their bodies in good condition before, after, and during exercise to reach peak performance. In this regard, many nutrients are being investigated for their ability to improve athletic performance, particularly in high-intensity sports involving repetitive effort.
Sports Nutrition Global Market Report 2023 provides data on the global sports nutrition market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sports nutrition market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.