Sports Nutrition Market:
Growth opportunities in the sports nutrition market look promising over the next six years. This is mainly due to the growing fitness centers and gyms and robust demand for different protein bars, energy drinks, and dietary supplements, especially among bodybuilders and athletes.
Sports Nutrition Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The robust demand for numerous dietary supplements, protein bars, and energy drinks, primarily among athletes and bodybuilders, is the critical driver accelerating the growth of the global sports nutrition market. According to the International Health Racquet and Sportsclub Association, U.S. had 38,477 health clubs in 2016. This augmenting number of gyms and health centres has raised the demand for sports drinks, protein bars, and powders. Also, the outbreak of widespread coronavirus has promoted people towards different physical activities. As per the Centers for Disease Control and Prevention, the percentage of 18 and above adults who satisfy the Physical Activity Guidelines for aerobic physical activity counted to 53.3% in 2018, which will further strengthen the sports nutrition market size.
The remarkable switch towards the acceptance of a healthier lifestyle, from core athletes to lifestyle users, is propelling the growth of the sports nutrition industry. In accordance with the sports nutrition market analysis, the ongoing expansion of e-commerce has raised the sale of these products, primarily in India, China, and Brazil. The IBEF asserts that the Indian e-commerce market is expected to reach USD 200 billion by the end of 2026 from USD 38.5 billion in 2017. Also, the easy availability of nutritional supplements will bolster the market over the coming years. The surging awareness about nutrition coaching in young athletes will further stimulate market growth because coaches, athletes, and trainers focus on meeting their daily nutritional needs to enhance performance. However, the easy accessibility of counterfeit products at a low-price range may curb the sports nutrition market share.
Regional Drivers
Based on the regional coverage, North America is expected to witness a higher CAGR during the forecast period. This is because of the escalating number of gyms and health centers, especially in the U.S. Also, the government is taking initiatives to promote the adoption of physical activities, which will contribute to market growth. For instance, the National Youth Sports Strategy in the U.S. aims to expand awareness about the numerous benefits of participating in sports and regular physical activities and encourage private and public sector strategies to participate in sports.
Sports Nutrition Market’s leading Manufacturers:
- MusclePharm
- Iovate Health Sciences International Inc.
- Abbott
- Hormel Foods Corporation
- Glanbia PLC
- Clif bar & Company
- com Ltd.
- GNG Holdings, LLC
- AirStrip
- Science in Sport
Sports Nutrition Market Segmentation:
Segmentation by Product Type:
- Protein Powder
- Protein Bars
- Sports Drinks
- Others
Segmentation by Distribution Channel:
- Supermarkets and Hypermarkets
- Online
- Specialty Stores
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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