According to the report published by Zion Market Research, global demand for the Sports Supplements Market was valued at approximately USD 17.55 Billion in 2019 and is expected to generate revenue of around USD 30.07 Billion by end of 2026, growing at a CAGR of around 8% between 2020 and 2026.
Global Sports Supplements Market: Overview
Sports supplements are dietary products designed to meet nutritional needs of sports person. Nutritional ingredients used in these sports supplements are proteins, vitamins, amino acids, minerals, and others. However due to increasing life-taking diseases, people move towards healthy lifestyle through fitness clubs and healthy diets. These sports supplements provide nutritional diet to enhance the overall performance of the body. Major function of this product is to provide physical strength in sports.
Global Sports Supplements Market: Growth Factors
Many health and fitness clubs are the major driving factors of the global sports supplements market. Increasing acceptance of supplements in order to maintain healthy physic is driving the demand sports supplements of around the world. The market is propelled by increasing income of people and spending power. Moreover, people getting more conscious about their health will also impact the market in the coming years. Rising consumer health awareness is also expected to boost the global sports supplements market. In addition, people are opting for yoga, healthy food, and gym to lead healthy lifestyle. Growing demand for dietary and health supplements will foster the growth of the global sports supplements market. Further, product promotions of the sports supplements by fitness shows will also impact the growth in a positive way. However, low-quality products and high cost are anticipated to hamper the growth of the global market in future. Also, presence of local brands and lack of proper regulations may restrain the market growth.
Global Sports Supplements Market: Segmentation
Based on the type, the global sports supplements market is segmented as casein, whey protein, soy protein, others. Based on the form, the global market is further segmented as powder, rtd liquid, protein bars, others. Further based on the source, the global market is segmented as plants and animals. Based on gender, the global sports supplements market is segmented as male and female. Based on the segment of distribution channel, the global market is further segmented as supermarkets and hypermarkets, specialist retailers, online retailers, others. Further based on the application, the global market is segmented as sports nutrition and functional food.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Sports Supplements Market: Regional Analysis
North America holds the largest market share in the global sports supplements market. The U.S. and Europe also contributed majorly to overall growth of the market for sports supplement products owing to economic stability. Asia Pacific is expected to be the emerging market for the sports supplements.
Global Sports Supplements Market: Competitive Players
Some of the key market players dominating the Sports Supplements market include Glanbia Group, Vitaco Health, GlaxoSmithKline(GSK), Makers Nutrition, Monster Beverage, Abbott Laboratories, Suppleform, GNC Holdings, ABH Pharma Inc, Red Bull, Amway corporation, Herbalife International of America, Inc., AMCO Proteins, Quest Nutrition, NOW Foods, NBTY, MusclePharm Corp, Cyto Sport, IOVATE, and Transparent Labs.
Sports Supplements Market: Regional Segment Analysis
- 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 Middle East & Africa
Frequently Asked Questions
Increasing acceptance of supplements in order to maintain healthy physic is driving the demand sports supplements of around the world. The market is propelled by increasing income of people and spending power. Rising consumer health awareness is also expected to boost the global sports supplements market. In addition, people are opting for yoga, healthy food, and gym to lead healthy lifestyle. Growing demand for dietary and health supplements will foster the growth of the global sports supplements market. Further, product promotions of the sports supplements by fitness shows will also impact the growth in a positive way.
According to Zion Market Research, global demand for the Sports Supplements Market was valued at approximately USD 17.55 Billion in 2019 and is expected to generate revenue of around USD 30.07 Billion by end of 2026, growing at a CAGR of around 8% between 2020 and 2026.
North America holds the largest market share in the global sports supplements market. The U.S. and Europe also contributed majorly to overall growth of the market for sports supplement products owing to economic stability.
