Global Sports Nutrition Market is predicted to reach USD 49.7 Billion at a CAGR of 8.60% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Sports Nutrition Market” that contains information from 2018 to 2030. The Global Sports Nutrition Market is estimated to register a CAGR of 8.60% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Global Sports Nutrition Market — lanbia plc, PepsiCo, Inc., MusclePharm Corporation, Clif Bar & Company, General Nutrition Centers Inc., Lovate Health Sciences, Quest Nutrition, The Coca-Cola Company, The Bountiful Company, Post Holdings, BA Sports Nutrition, Cardiff Sports Nutrition, Jacked Factory, and Orgain.
Sports Nutrition Market Highlights
The Global Sports Nutrition Market is accounted to register a CAGR of 8.60% during the forecast period and is estimated to reach USD 49.7 Billion by 2030.
Sports nutrition refers to the products and supplements designed to enhance athletic performance, promote muscle growth, aid in recovery, and improve overall fitness and endurance. These products typically include protein powders, energy bars, sports drinks, and other dietary supplements.
Segment Analysis
The Global Sports Nutrition Market has been segmented based Type and Application
The sports nutrition market segmentation, based on type, includes sports food, drinks bar and supplement. Sports supplements accounted for the highest share of the market due to the significant commercial availability of sports supplements on the market and the rising awareness of health and fitness. One of the key drivers of the industry growth is a rise in gyms and fitness facilities.
The sports nutrition market segmentation has been bifurcated by end-user into commercial, bodybuilders, recreational users and athletes. The athlete's category held the majority of the market share with respect to the sports nutrition market revenue. The pre-and post-workout nutritional supplements are more in demand among athletes due to studies on their advantages.
Regional Analysis
The Global Sports Nutrition Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. Europe’s Sports Nutrition market accounted for USD 20.97 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period, which has increased foot traffic at gyms and fitness centers in the region, which can be partly attributed to rising demand for supplements to improve physical health, a growing number of health clubs post-COVID-19 pandemic health issues and associated health concerns, and need for improved and healthy regimens. Sport is a significant economic sector in the EU, contributing more than 2% of the continent's GDP and almost 3% of all jobs.
Further, the major countries studied in the market report are Canada, U.S, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
North American sports nutrition market accounts for the second-largest market share due to growing individual and group engagement in sports activities and an increase in competitive sporting events and leagues. One example is the existence of significant sports leagues in the region, such as the National Football League (NFL), Major League Baseball (MLB), and the National Hockey League (NHL). Another key aspect influencing the adoption of these items in this area is the rise in government initiatives supporting sports-related activities. Additionally, the U.S. sports nutrition market held the largest market share, and the Canadian sports nutrition market was the fastest-growing market in the region.
The Asia-Pacific Sports Nutrition Market is predicted to grow at the fastest CAGR from 2022 to 2030 due to the increased commercialization of new upcoming leagues like the Indian Premier League (IPL) and Indian Super League (ISL) in India and China League One in China, as well as favorable government policies to support the sports industry in the country. As a result, one of the key factors propelling the sports nutrition market is consumer participation in sports. Moreover, China's sports nutrition market held the largest market share, and the Indian sports nutrition market was the fastest-growing market in the Asia-Pacific region.
Key Findings of the Study
- The Global Sports Nutrition Market is expected to reach USD 49.7 Billion by 2030, at a CAGR of 8.60% during the forecast period.
- North American sports nutrition market accounts for the second-largest market share due to growing individual and group engagement in sports activities and an increase in competitive sporting events and leagues.
- The sports nutrition market segmentation, based on type, includes sports food, drinks bar and supplement.
- lanbia plc, PepsiCo, Inc., MusclePharm Corporation, Clif Bar & Company, General Nutrition Centers Inc., Lovate Health Sciences, Quest Nutrition, The Coca-Cola Company, The Bountiful Company, Post Holdings, BA Sports Nutrition, Cardiff Sports Nutrition, Jacked Factory, and Orgain.
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Companies Covered | 15 |
Pages | 115 |
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