The latest report by IMARC Group, titled “Sports Nutrition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global sports nutrition market reached a value of US$ 47.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.2 Billion by 2027, exhibiting at a CAGR of 7.9% during 2022-2027.
Sports Nutrition Market Overview:
Sports nutrition is the practice of maintaining a healthy diet and lifestyle by consuming nutrient-rich food items. It generally involves dietitians, biochemists, exercise physiologists, cell and molecular biologists, etc., who recommend and develop several nutritional items, such as protein powders, capsules or tablets, protein bars, isotonic drink powders, energy bars, dietary supplements, etc., in an attempt to improve the overall performance and health of athletes and individuals with an active lifestyle. Furthermore, these products assist in replenishing water levels, thereby reducing the effects of delayed recovery, fatigue, injury, etc., and providing the body with adequate fuel for performing physical activities.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Sports Nutrition Market Trends:
The growing prevalence of fitness and sports culture is primarily driving the sports nutrition market. Additionally, the rising consumer inclination towards maintaining a healthy lifestyle that helps in sustaining wellness levels while minimizing the possibilities of lifestyle diseases is further catalyzing the market growth. Besides this, the inflating number of athletes, professional bodybuilders, and young people opting for sports as their career is acting as another significant growth-inducing factor.
Moreover, key market players are also introducing vegan and lactose-free alternatives, on account of the increasing concerns among individuals towards the harmful impact of synthetic ingredients in nutritional drinks and supplements, which in turn, is expected to fuel the sports nutrition market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- The Coca-Cola Company
- Abbott Nutrition Inc.
- PepsiCo Inc.
- Glanbia Plc.
- Reckitt Benckiser Group Plc.
- Yakult Honsha Co. Ltd.
- Post Holdings Inc.
- GNC Holdings
- Clif Bar & Company
- Otsuka Pharmaceutical Co. Ltd.
- Atlantic Multipower UK Limited
- GlaxoSmithKline PLC
- Olimp Laboratories
- Ultimate Nutrition Inc.
- PowerBar Europe GmbH
Key Market Segmentation Breakup by:
- Sports Food
- Sports Drinks
- Sports Supplements
- Animal Derived
- Hypermarkets and Supermarkets
- Convenience Stores
- Drug and Specialty Stores
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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