Sports Nutrition Market High Demand, Business Scenario, Size, Share, Growth, Insights, Industry Analysis, Trends and Forecasts 2030
The global sports nutrition market size was USD 39.91 Billion in 2021 and is expected to register a revenue CAGR of 8.4% over the forecast period, according to the latest analysis by Emergen Research. Increase in number of competitive sporting events and leagues around the world and rising demand for sports stars in advertising and marketing for various brands and products is further supporting demand for sports nutrition products and supplements and the trend is expected to continue going ahead.
After 135 years since the founding of the first professional sports league in the USA, professional sports leagues finally made their way to countries like India. There are currently more than 12 national professional sports leagues in India, each at a distinct stage of development. The IPL is the oldest of all the national professional sports leagues in India. NBA, MLB, and the NFL are the three most profitable sports. among the top 11 lucrative professional leagues worldwide.
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Global professional sports have made a substantial contribution to raising the bar for several sports over the years, including football, badminton, boxing, and others. Television offers professional leagues a broad audience and always enables them to also draw sponsors who are ready to spend in competitions in exchange for the right to advertise their goods and services in stadiums and during commercial breaks. Increase in number of competitive sporting events and leagues around the world is expected to increase the demand for standard sports nutrition products in order to maintain a proper physical health condition.
Any product associated with an athlete immediately becomes more visible when that athlete wins a championship, sets a record, or brings home an medals. Sports stars can have a very powerful and incredibly individualized effect on potential clients. Customers are more likely to believe an athlete endorsing a product when viewers are familiar with the athlete and the product. Famous sports personalities become appealing endorsers for a company wanting to build its brand and improve sales. Elite athletes can speak with credibility when promoting goods that enhance athletic performance, and fans emulate them by purchasing the products they recommend.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Sports Nutrition market.
Furthermore, the report provides details about the new players entering the market, and entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key players in the market include Iovate Health Sciences International Inc., Abbott., The Simply Good Foods Co., PepsiCo, Clif Bar & Company., MusclePharm Corporation., Nestlé Health Science, Post Holdings, Inc., BA Sports Nutrition, Llc. (The Coca-Cola Company.), and CSN Supplements
Key Highlights from the Report
On 30 April 2021, Nestle acquired the core brands of The Bountiful Company for USD 5.75 billion. Along with the company’s US private label division, the deal also includes high-growth brands such as Nature’s Bounty, Solgar, Osteo Bi-Flex, and Puritan’s Pride. The purchase excludes the active nutrition and sports nutrition brands Pure Protein, Body Fortress, and MET-Rx, together with Dr.Organic and the Canadian over-the-counter (OTC) business, which do not add to the portfolio of Nestlé Health Science.
The protein supplements segment revenue is expected to account for the largest share over the forecast period. The smallest components that makeup proteins are amino acids. Amino acids are used by the body to make muscle, and other essential body proteins required for the immune system, and to regulate a variety of biological functions. Consumption of protein supplements helps sportspersons and athletes in muscle building and improves performance.
The post-workout segment accounted for a larger market share in 2021. After exercise, eating the correct nutrients helps speed up the body’s recovery. Protein needs for adults range from 0.14 to 0.23 grams per pound of body weight. Growing demand for nutritional supplements post-workout can further contribute to the revenue growth of the segment.
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Emergen Research has segmented the global Sports Nutrition based on product type, application, formulation, distribution channel, and region:
Product Type Outlook (Revenue, USD Billion, 2019–2030)
Protein Supplements
Vitamins & Minerals Supplements
Probiotics Supplements
Omega-3-Fatty Acids Supplements
Others
Application Outlook (Revenue, USD Billion, 2019–2030)
Pre-workout
Post-workout
Formulation Outlook (Revenue, USD Billion, 2019–2030)
Tablets
Capsules
Powder
Liquid
Distribution Channel Outlook (Revenue, USD Billion, 2019–2030)
Online
Offline
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Sports Nutrition market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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Regional Overview:
The global Sports Nutrition market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Sports Nutrition market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Highlights of Table of Contents (TOC):
Overview of Global Sports Nutrition Market
Competitive analysis of the Sports Nutrition market
Regional analysis of Global Sports Nutrition market production and revenue
Regional analysis of Global Sports Nutrition market supply, consumption, and export & import
Type-based market analysis of global Sports Nutrition production, revenue, and price trends
Application-based analysis of the global Sports Nutrition market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Sports Nutrition market
Global Sports Nutrition market forecast (2022-2030)
Conclusion of the research report
Appendix
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