Sports Nutrition Market Size, Share, Growth Report 2030

Sports Nutrition Market

Sports Nutrition Market By Type (Drinks, Supplement, and Food), By Distribution Channel (Large Retail & Mass Merchandisers, Small Retail, Drug & Specialty Stores, Online, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 03-May-2021 Category: Food & Beverage Report Format : PDF Pages: 125 Report Code: ZMR-682 Status : Published

The sports nutrition market accounted for USD 12.34 Billion in 2020 and is expected to reach more than USD 21.98 Billion by 2028, growing at a CAGR of 8.4% from 2021 to 2028.

Sports Nutrition Market: Overview

The sports nutrition market accounted for USD 12.34 Billion in 2020 and is expected to reach more than USD 21.98 Billion by 2028, growing at a CAGR of 8.4% from 2021 to 2028.

Sports nutrition optimizes the beneficial effects of exercise to enhance your physical and mental health. Nutrition specialists offer a number of services to support your health goals. It includes tips for eating after workouts and a nutrition plan for competitions and training. Consuming the right balance of drinks and food is necessary for all and those who follow a good sports nutrition plan can also see an improvement in their performance.

COVID-19 Impact Analysis

COVID-19 severely impacted the demand and supply of the sports nutrition market. Lockdown in several countries has adversely impacted the Sports Nutrition brands. The pandemic forced many consumers out of gyms, resulting in the consumption of their regular sports supplement regimens resulting in declining demand. The factors like supply, lack of workforce, the risk of continuing production, and transportation have impacted the supply.

Growth Factors

Consumers are becoming aware of the benefits of consuming nutrients, thereby driving the demand for sports nutrition products. The rising significance of leading a healthy & active life is positively affecting the endorsement of these products. Active participation of consumers in fitness activities is increasing at a rapid pace. Changing demographic base from athletes who regularly consume nutrition products to recreational users and lifestyle users aiming for a healthy lifestyle.

Growing awareness of the advantages of nutrition among athletes is also driving the market. Athletes aim on accomplishing their nutritional needs with proper exercise for improving fitness. Athletes, trainers, coaches, and fitness enthusiasts stress nutritional needs, as it influences recovery and training and hence improves performance.

Report Scope :

Report Attribute Details
Base Year 2022
Historic Years 2018 - 2022
Forecast Years 2023 - 2030
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2023 to 2030
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

The supplements segment held a share of over 60% in 2020 owing to increasing awareness regarding fitness and health, also ease of availability in the market. An increasing number of fitness centers and gyms is one of the important factors complementing the market share of nutrition products. New product development in the sports supplements category is driving the demand for these products.

The food segment is anticipated to witness a substantial rise in the market over the forecast period owing to the trend of energy bars and protein bars.

Distribution Channel Segment Analysis Preview

The online segment is projected to grow at a CAGR of around 10% from 2021 to 2028. A growing number of self-complacent customers is a key factor driving the endorsement of an online platform for the purchase of nutritional products as they offer various benefits over an offline seller such as discounts and cashback to attract the customer.

Moreover, online sellers are developing strategies such as customization in the products according to the requirements, and delivering at the doorstep is also helping in growing the market share.

Regional Analysis Preview

North America accounted for a share of over 35% in 2020. an increasing number of health centers and gyms along with government activities promoting sports-related events is driving demand for the products in this region. Moreover, growing new product launches in the sports nutrition segment with the presence of major market players in the region drive the regional market growth.

High demand for supplements and an increase in the number of athletes are anticipated for the regional market growth. Moreover, various companies in the region offer sports supplement products through online platforms. Changing demographic base from athletes who regularly consume nutrition products to recreational users and lifestyle users aiming for a healthy lifestyle, thereby driving the market growth.

Sports Nutrition Market: Key Players And Competitive Landscape

Some of the key players in the Sports Nutrition Market are 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, and Otsuka Pharmaceuticals Co., Ltd., among others. The industry players are focusing on joint ventures and new product development.

The Sports Nutrition Market is segmented as follows:

By Type

  • Drinks
  • Supplements
  • Foods

By Distribution Channel

  • Large Retail & Mass Merchandisers
  • Small Retail
  • Drug & Specialty Stores
  • Online
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The sports nutrition market was valued at USD 12.34 Billion in 2020.

The sports nutrition market is expected to reach USD 21.98 Billion by 2028, growing at a CAGR of 8.4% between 2021 to 2028.

Some of the key factors driving the sports nutrition market growth are awareness about the health benefits related with the sports nutrition segment, health consciousness, and others.

North America held a substantial share of the sports nutrition market in 2020. Asia Pacific is expected to grow rapidly in the coming years.

Some of key players in sports nutrition market are 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, and Otsuka Pharmaceuticals Co., Ltd., among others.

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